I'm curious - supposing HN had the power to decide, would you replace Elon Musk as CEO of Tesla? What kind of future does the company have without its founder? Personally, I think I would be much more confident in Tesla, and much more likely to buy a Tesla product, if he were not in charge.
I would imagine the share price would drop dramatically if he was replaced, which would hurt Tesla's badly needed ability to raise capital over the next few quarters. They desperately need a new CEO but Musk has dug them into such a big hole that it may be too late to find one.
Imagine a private company with ballistic missiles and submarines... I was musing the other day that Elon Musk may be planning to run for president. Why? Well, if there's one thing that 2016 showed us, it's that the road to the White House runs through snubbing Wall Street, calling the press a bunch of boring liars, accusing your opponents of pedophilia, making bizarre incoherent tweet storms in the middle of the nigh…
Aside from the fact that he's not born in the US, he doesn't seem like a good orator.
"isn't a good orator"... Given that Trump is in office that doesn't seem to be a deal breaker
I'm curious - supposing HN had the power to decide, would you replace Elon Musk as CEO of Tesla? What kind of future does the company have without its founder? Personally, I think I would be much more confident in Tesla, and much more likely to buy a Tesla product, if he were not in charge.
Sometimes its possible to care so much that you lose sight of what is important. This happened to Elon. I think this will be a case study someday about CEO ethics. I found it very interesting that when he was on the Joe Rogan podcast he had so much to say about social media, and none of it was complementary. How he did not see the dichotomy of his twitter use and this situation strikes me as humorous. I feel like Elo…
Ethics? While true I think it will be more of a case study on sleep deprivation and the increased risk of making huge mistaken even for a "genius." I'm willing to bed 2hrs of extra sleep a day and delegating a bit more to have these 2hrs would have not only minimized these stupid mistakes, but obviously greatly increased his well-being and life-expectancy. In short, no matter how smart you are, if you have so much hubris that you think you can bend the laws of nature and do without sleep and ignore what your body is telling you, you will end up making a horrible mistake soone r or later.
Please define shorts. Google was unable to figure it out.
Short sellers. People who sell something they don't own, speculating that they will be able to buy it later at a lower price. If so, they make money. If not and the price goes up a bit, some shorts are forced to buy at the higher price to limit their losses. That pushes the price up further, forcing more shorts to buy, etc., causing a "short squeeze" where the price rapidly shoots up very high, "destroying" a lot of…
Pedantically shorting doesn’t have to be borrowing the underlying instrument. Put options are another way to trade on the idea that a stock will go down. I’d actually bet it’s the more common way. It would still be colloquially referred to as being short.
Also the shorts try to push the stock down via endless false rumors (there are real challenges to tesla of course) about bad cars, crashes, fires, etc, and those false rumors must prevent some people who just don't have time for so much drama from looking into them.
That's a realllly simplistic and one-sided view of short sellers.
They aren't all trying to do that of course, a lot of people are just trying to make money and look at a stock and think it will go one way or another. But I don't like the people that push false narratives and convince people of things that aren't related to reality.
I'm not sure what he could be criminally charged with - neither he nor anyone else at the company sold stock and profited from his idiotic tweets. I believe you actually need to profit from manipulation in order for it to enter the realm of criminal.
They caused damage to short sellers when the stock price rose because of Musk's lie and they had to cover their losses, how is that not criminal? You don't have to personally profit to commit a crime.
I'm curious - supposing HN had the power to decide, would you replace Elon Musk as CEO of Tesla? What kind of future does the company have without its founder? Personally, I think I would be much more confident in Tesla, and much more likely to buy a Tesla product, if he were not in charge.
I would sell Tesla to a large conglomerate that actually understands car production, like Toyota or VW.
Long is short-hand for anyone benefiting from the price of the stock rising. This includes people who own the stock outright, have bought on credit, own call options, have sold put options, etc.
Yeah, long is slang for long term investor: https://www.investopedia.com/terms/l/long.asp