131–140 of 884 posts
On one hand, the $420 tweet was just blatantly obviously a bad idea and he should have known better. On the other hand, it feels... strange somehow that a joke (if a slightly deadpan one) has consequences this severe. It affected the markets and it obviously wasn't without real-world consequences in any case, but something about this all just feels a little off somehow.
This comment I made a few weeks ago is coming alot closer to the truth than I would have expected. I hope for Space X and Tesla's sake that the reports of a directory and Executive ban don't come true. https://news.ycombinator.com/item?id=18016250#18016292 SpaceX is doing well, Tesla has pulled itself back from the brink and may actually become a profitable car company. All Elon had to do was keep his head down and n…
You say the shorts don't have any power to hurt tesla, but much of tesla's and elon musk's personal debt is backed by Tesla shares. If the price dips too low, it's potentially catastrophic for the company and him.
Shorting a stock doesn't magically make its price drop.
This comment I made a few weeks ago is coming alot closer to the truth than I would have expected. I hope for Space X and Tesla's sake that the reports of a directory and Executive ban don't come true. https://news.ycombinator.com/item?id=18016250#18016292 SpaceX is doing well, Tesla has pulled itself back from the brink and may actually become a profitable car company. All Elon had to do was keep his head down and n…
I'd hope the company itself would be fine. I really hate this idea of the grand visionary. A good friend of mine who is a mechanical engineer despises Musk. I listened to a bit of his Joe Regan interview and when Regan asked him how he has the time to do all of the things he does, there are smoke jokes about him being an alien, but not once did he say, "Well I have an amazing team of engineers" and credit all the tho…
Earlier quoted context omitted.
You say the shorts don't have any power to hurt tesla, but much of tesla's and elon musk's personal debt is backed by Tesla shares. If the price dips too low, it's potentially catastrophic for the company and him.
Is there any evidence the short sellers have ever caused the price to move at all?
Regardless of any change in public sentiment or incentives to publicize dirt, at scale shorting a stock inherently reduces the price while the short positions are open.
On one hand, the $420 tweet was just blatantly obviously a bad idea and he should have known better. On the other hand, it feels... strange somehow that a joke (if a slightly deadpan one) has consequences this severe. It affected the markets and it obviously wasn't without real-world consequences in any case, but something about this all just feels a little off somehow.
If it was legal to do stuff like this there would be a lot more stock manipulation than there is now, which would make the market worse for investors.
The point of these regulations is that investors should have confidence that the price of a stock is based on the market's estimation of its value, that relevant information has been disclosed to the SEC, and so on. If people could not assume those things, investor confidence would decrease, and that would hurt the entire market.
I also don't agree that Musk saw his tweets about Tesla going private as a joke. He made enough tweets that it affected the stock price. A CEO of a publicly traded company ought to know better.
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He may deserve that, but I believe that public perception is that Elon Musk is Tesla. In the same way that Bill Gates was Microsoft and Steve Jobs was Apple, Musk commands a huge moral force (in a Clausewitz sense... https://en.wikipedia.org/wiki/Carl_von_Clausewitz ). Fire Musk and you need to hire a press team, rebrand, and basically become seen as a stuffy company instead of the hip trendy up-and-comer. How much p…
2029: Elon Musk is hired back to lead Tesla after the board decides the brand, having been diluted over the past 10 years and the stock down to pennies, is in serious danger. Musk meanwhile had been focusing on SpaceX and laying the foundation for the first Mars colonization. 2031: Shortly after his return to Tesla, Musk introduces the first hovercar. 2035: SpaceX and Tesla merge 2042: TeslaX solarshuttles frequently…
I'll bet SpaceX management is dreading the idea of Musk showing up there every day to work.
On one hand, the $420 tweet was just blatantly obviously a bad idea and he should have known better. On the other hand, it feels... strange somehow that a joke (if a slightly deadpan one) has consequences this severe. It affected the markets and it obviously wasn't without real-world consequences in any case, but something about this all just feels a little off somehow.
This comment I made a few weeks ago is coming alot closer to the truth than I would have expected. I hope for Space X and Tesla's sake that the reports of a directory and Executive ban don't come true. https://news.ycombinator.com/item?id=18016250#18016292 SpaceX is doing well, Tesla has pulled itself back from the brink and may actually become a profitable car company. All Elon had to do was keep his head down and n…
I'd hope the company itself would be fine. I really hate this idea of the grand visionary. A good friend of mine who is a mechanical engineer despises Musk. I listened to a bit of his Joe Regan interview and when Regan asked him how he has the time to do all of the things he does, there are smoke jokes about him being an alien, but not once did he say, "Well I have an amazing team of engineers" and credit all the tho…
The better question would be, would Apple products be what they are today, without Jobs.
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It's not shorted because of its mission, its shorted because of the negative cash flow. Musks' public persona doesn't exactly give off the aura of a man who has his companies operating expenses and profitability under control.
Obviously car companies are hard to run. Though internet companies aren't the best at cash flow management either, it is more about getting the market / customers then the profit. I think innovation is excusable for revenue/profits for some time. Starting an electric car ONLY car company is even harder than having it as part of an existing car company like Mercedes is doing well with. The shorts are mainly trying to…
What about when Elon was spreading rumours that the Saudi's wanted to take Tesla private?
Earlier quoted context omitted.
And yet Gates is gone, and Microsoft is still here. And Jobs is gone, but Apple is still here. As the saying goes, the graveyards are full of indispensable men.
The only difference is, Gates and Jobs both left when their respective companies were already in a good place and very financially successful.