Glad it's only a CEO, imagine what a president could do with Twitter!
SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal
721–730 of 884 posts
Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal
#722Earlier quoted context omitted.
> I hope for Space X and Tesla's sake that the reports of a directory and Executive ban don't come true. Why? Because Elon is a special snowflake and deserves a different treatment than other white-collar criminals?
The difference with him is he is trying to move humanity forward and truly improve things and helping to secure our long term survival. Those short sellers don't care about any of that, they only care about making money and it's understandable that Musk is trying to find ways to ruin their game. Musk should have run this type of tweet by his close business friends / counsel. I hope he will only get a slap on the wris…
Musk is trying to make money, and he says that he is trying to move humanity forward to secure our long term survival. This may very well be true. However, similar statements are often made by people committing scams in order to give investors and the public an excuse to ignore serious signs of fraud. Anyone who gives him a free pass because of his claims of saving humanity is potentially making an enormous mistake. On the other hand, if he really is saving humanity, he should also be able to comply with the law.
Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal
#723Earlier quoted context omitted.
Just taking a shot in the dark here. Perhaps, just perhaps, he had more information to base his decisions on than is available to you from a 'Tweet' and a couple of lines in a media article.
This kind of thinking makes sense (Musk is smart, he must make decisions rationally) but it is sort of empirically denied. If Musk was so smart he wouldn't have called a random guy a pedo or violated securities law in public. After all, he has more information/advice available to him on securities law than you or I do.
Don't you find something off that you need to reference things that have yet to be resolved to find instances of him acting unjustifiably irrational? Neither statement he made has yet been shown to not be a statement of fact. If he was simply making up things in either case then he will pay, quite literally. If he wasn't then instead this will end up just being yet another 'sky is falling' moment that people will quickly forget before moving onto the next one.
Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal
#724Earlier quoted context omitted.
The world with him, is a whole lot like the world without him though. I mean, I did the thought experiment, and I honestly don't see many things that would be different? Are you arguing that without Musk, we wouldn't have commercial space companies, or electric cars? If so, I find that a bit difficult to believe. The part of your comment about no one being a hero is correct. None of us are any better than anyone else…
As far as I remember he was laughed at for just thinking to build reusable rockets or to sell electric cars. Either I or you have very serious memory problems. But I’m pretty confident that I can link several sources to corroborate my recalling of the events, can you do the same? If you can prove that the people that were laughing at him would have brought the electric car mainstream and would have invented reusable…
It's hard to not admire somebody who get all those laughs and delivered in very short time span. Not only that, we don't only have reusable rockets, we have freakin' vertical landing! Thought to be unrealistic by proper NASA engineers. For a very long time people didn't have that WOW experience for space technologies, and this one delivered.
Mankind needs people like him - with all ecological doom and gloom slowly unfolding, next mandatory frontier is clearly space. Also, disrupting entrenched monopolies/oligopolies that got just too comfortable milking people of their money for very minor improvements of their products.
Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal
#725Glad it's only a CEO, imagine what a president could do with Twitter!
Someone has to explain that to me. Is the POTUS all powerful and can pretty much say anything?
Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal
#726He definitely lost it. And it's going to cost him. This is an open and shut case against Musk. He definitely sent out that tweet. Yes, maybe just not enough sleep and too many drugs. Not a good excuse. Tesla might do better with a new CEO. They're past the vision stage. Tesla's problems today are all those of running a big auto plant. Musk might do better focusing on Space-X.
Without Musk, Tesla loses enormous value attributed to future projects which people believe “only Musk can accomplish”. Any other leader (except maybe Cook or Bezos) making the claims he does about production ramps, solar tiles, electric semi trucks, fully autonomous cars paying for themselves as a taxi, colonizing Mars, etc. would be met with at best skepticism and at worst outright derision.
Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal
#727Earlier quoted context omitted.
Except, you know, he didn't found Tesla.
People keep saying this, and it makes very little sense. The Tesla that he "didn't found" was a boutique outfit formed to modify another company's obscure sports car to make it run on batteries. That company no longer exists in any sense beyond the name on the business license. The Tesla that exists now is indisputably there because of Musk's ambition, willpower, and engineering instincts, for better or worse.
I'm actually confused.
By "another company's obscure sports car" I assume you're referring to the Lotus Elise - arguably one of the world's better known and more successful sports cars.
Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal
#728(F)elon Musk
Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal
#729Earlier quoted context omitted.
> I hope for Space X and Tesla's sake that the reports of a directory and Executive ban don't come true. Why? Because Elon is a special snowflake and deserves a different treatment than other white-collar criminals?
The difference with him is he is trying to move humanity forward and truly improve things and helping to secure our long term survival. Those short sellers don't care about any of that, they only care about making money and it's understandable that Musk is trying to find ways to ruin their game. Musk should have run this type of tweet by his close business friends / counsel. I hope he will only get a slap on the wris…
You shouldn't be allowed to share this opinion, as you have never owned a single share of stock. Why don't you buy some, wait till you lose some money, then come back and tell us you feel good because, you know, the company pushes humanity forward.
Musk wasn't raising money for humanity sake; he was raising money to found his company and doing so he agreed to be bound by the rules that such market created. You don't like these rules? Sure go see your senator to change the rules and allow companies "moving humanity forward" to do or say whatever they want to when they are exchange listed. The problem is if that would to happen, nobody would invest a dime in such company because people don't invest their money into pushing humanity forward, but rather to multiply their hard earned cash.
And how the fuck is building rockets pushing humanity forward? We are not going to leave Earth en masse; With his behavior of "fuck Earth I will move everyone to Mars and adopt your body to live in Martian atmosphere", Musk is actually pushing humanity backwards. I recently saw someone on highway throwing away empty cigarette pack. It happens we pulled over on the same gas station I asked him about literring to what he answers "Dude, Musk throw away a car into space and you have a problem with me? why the heck should I care about some cigarette box thrown out of window".
Re: SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal
#730Earlier quoted context omitted.
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…
If Musk never happened rockets would still be expendable, the US would still lack a Shuttle replacement, and EVs would be rare or nonexistent. We would still be talking about how personal mobility is doomed when oil is depleted, if not all of modern civilization. Prove me wrong. Who else was doing this stuff before SpaceX and Tesla? On space launch you had nothing serious except the SLS which is 70s tech. On EVs you…
Well, I actually agree with you. But John Carmack's armadillo aerospace was founded 2 years before SpaceX.