621–630 of 884 posts
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> He was trying to bankrupt the short-sellers, and he was doing it by lying I'm out of the loop - can you point me to some proof of this?
Uh, it is pretty much all over the news, man. Unless you are living under a rock...
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…
But if Mush hadn't been born, they would have never come together to create Tesla.
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The law says a lot of things. I'm ok with short sellers losing their shirts regardless.
A lot of longs loaded up on Tesla shares because they believed his "funding secured" tweet. Are you OK with them losing their shirts, too? Because many of them did.
The route for going private was to stop trading the shares, meaning I would never make good on that profit. Because ceasing trading is what going private means: I no longer hold stock at $420/share, I hold stock in Tesla which I might be able to sell to someone some day for some as yet unspecified amount.
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You are wrong. Apple’s pace of innovation has slowed dramatically. This latest phone is but one example. Here is what would have happened under Jobs: http://magarshak.com/blog/?p=234
Really? Name another smartphpone maker that ships as many VCSELs as Apple did last year. And name a wearable that does as much as the new Apple Watch.
> If you head over to Xiaomi China’s official store (via XDA-Developers) you’ll see three new bundles unsubtly named the XS, XS Max, and XR sets. Included in each bundle is a new Xiaomi phone — either the Mi Mix 2S, Mi 8, or Mi 8 SE, respectively — a Xiaomi Notebook, a Mi Band 3, and a Bluetooth earpiece/earphones, all for the same price as their namesake iPhones.
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Shorting a stock means borrowing shares and selling them (making the seller short of shares they still owe). This puts the shares back on the market and absorbs purchasing demand. By supply and demand the price goes down. 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.
In practice, at the scale of short selling actually taking place, does it materially impact the price of Tesla shares? Is there even any way to know? Seems like a boogeyman to blame all manner of company ills on. For example, I think very few of the negative press Tesla has received over e.g. union busting or manufacturing defects is due to a short seller conspiracy. That's newsworthy stuff and the media is doing its…
If you divert some of the water from a river, the water level goes down. How much does it go down? You can calculate it if you know the values of all the variables that go into it. If you don't know all their values, does that mean the principle ceases to operate?
> Seems like a boogeyman to blame all manner of company ills on.
Not being responsible for 100% of all problems is not equivalent to being responsible for 0% of all problems.
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Are Apple products different now that Jobs are gone? Yes. Jobs as local despot acted as a curb to bad decisions. Jobs had a vision which acted as a countervailing force to keep Apple from being completely sucked into being a money grubbing luxury goods company. the core people that make and design all their overpriced, planned obsolescence devices are still there, often uncredited, while everyone else likes to focus…
This is just revisionist history and completely wrong. Steve Jobs pretty much set Apple on the premium goods track when he returned. The iMac, iPod, iPad, iPhone were all developed under his watch and all were premium priced. Apple has pushed the margins higher but that's only because the market can absorb it. Computing is more central to people's lives and they are willing to pay a premium for a good experience.
I think there's a bit of overexcitement going on in this thread; it doesn't look to me like Musk is going to jail on this one. This part is interesting: > The SEC had crafted a settlement with Musk that it was preparing to file Thursday morning, the Wall Street Journal reported, citing unidentified people familiar with the matter. Musk’s lawyers called SEC lawyers to say they were no longer interested in proceeding w…
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The difference with Gates and Jobs is Tesla has not delivered, i.e. it has not become profitable enough to guarantee success in the future. At this point he's indispensable. (There is also the thought that without him Tesla does not have an advantage vs cheaper competitors from all around the world)
"At this point he's indispensable. " If that's the case then there is a real management failure. It would be irresponsible to rely on one person. Also look at MS and Apple. So far they have been doing fine without Gates and Jobs.
That's not called doing fine.
Once the product inertia is gone, the effects of absence will show.
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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…
> Are Apple products different now that Jobs are gone? The better question would be, would Apple products be what they are today, without Jobs.
But he never got any recognization for his work.
Marijuana is also his favourite food.
I don't see what's wrong in Musk having Marijuana when it enables him to think clearly.