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Tesla Adds Larry Ellison and Kathleen Wilson-Thompson as Board Directors

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Re: Tesla Adds Larry Ellison and Kathleen Wilson-Thompson as Board Directors

#101

Post by Traster »

jp555 wrote: post #37
Avshalom wrote: post #25

Earlier quoted context omitted.

Hopefully about $30-50 per share in "market confidence" in the midst of a bear market. Otherwise Tesla probably goes bankrupt in March.

Even if they did, it doesn’t mean they’re going away. GM went bankrupt in 2009, still here.

The assets would definitely survive in some form, but would anyone think that Tesla brand owned by Ford is really Tesla? I don't think so.

Almost certainly a default would result in a purchase from one of the traditional car manufacturers that wants to destroy a potential rival, scoop up battery IP and get a hard start on automation. Ford even have the cash on hand to refinance the debt.

Re: Tesla Adds Larry Ellison and Kathleen Wilson-Thompson as Board Directors

#102

Post by MPSimmons »

Waterluvian wrote: post #31
PopeDotNinja wrote: post #24

Earlier quoted context omitted.

Yup, it's a billion-ish USD at today's price of about $332/share. That's about 3% of Larry's reported net worth.

Geez. Okay I didn't realise he was hyper rich. Well, I'm delighted for anyone to want to support electric cars.

The man literally owns a volcano lair. https://www.cnbc.com/2017/11/14/see-lanai-the-hawaiian-islan...

Re: Tesla Adds Larry Ellison and Kathleen Wilson-Thompson as Board Directors

#103

Post by Avshalom »

nerddoctor wrote: post #75
Avshalom wrote: post #25

Earlier quoted context omitted.

Hopefully about $30-50 per share in "market confidence" in the midst of a bear market. Otherwise Tesla probably goes bankrupt in March.

Why would an increase in stock value stop a company from going bankrupt?

Tesla issued a bunch of bonds that come due in March. If the stock price is above ~350 then they can pay off the bonds in by converting them to stock. If it's lower than that they pay them off in cash.

https://www.businessinsider.com/tesla-to-pay-march-convertib...

Re: Tesla Adds Larry Ellison and Kathleen Wilson-Thompson as Board Directors

#104

Post by notahacker »

Retric wrote: post #81
mancerayder wrote: post #52

Earlier quoted context omitted.

All well and good -- solid arguments except when you consider things like: Apple's Mac Pro (the big tower) had upgradeable RAM and video, and the newer versions (the little black shiny pretty cylinder) were soldered on. That's less about lawsuits and support costs -- it's memory for God's sake and everyone else lets the consumer physically upgrade it, even many laptops. It's about going through the cartel to get the…

Playing devils advocate. RAM is the #1 cause if computers crashes largely because people think cheap or overclocked RAM is fine. Windows would have a vastly better reputation if it was always paired up with good hardware.

I doubt OSX would run slower if I doubled the RAM in my Macbook Air though, even if the RAM I bought wasn't the best.

Re: Tesla Adds Larry Ellison and Kathleen Wilson-Thompson as Board Directors

#105

Post by u320 »

tw04 wrote: post #89
SmellyGeekBoy wrote: post #28

Yup, that Larry Ellison. I'm not sure whether this is good news or not.

I would label it as extremely bad. You're talking about a guy who has no shame in using a publicly traded company (Oracle) to bail himself out of personal investments gone wrong (See Pillar Data). He's literally everything that is wrong with capitalism embodied. He's made a living off holding customers hostage and milking them for every last penny. Tesla has made a living off customer service.

> You're talking about a guy who has no shame in using a publicly traded company (Oracle) to bail himself out of personal investments gone wrong (See Pillar Data).

Kind of like using SpaceX to fund SolarCity and then using Tesla to bail out SolarCity so that SpaceX bond holdings doesn't go bust?

Re: Tesla Adds Larry Ellison and Kathleen Wilson-Thompson as Board Directors

#106

Post by dominotw »

drcoopster wrote: post #84
dominotw wrote: post #56

Earlier quoted context omitted.

> For comparison, pretty much every other major auto maker will sell you a book telling you how to fix anything on your vehicle Wow I didn't know this. I have hard time believing this. Where can I find this for my subaru 2019.

Your dealer.

Nope. Just called my subaru dealer, they don't have any additional manuals for sale that aren't on subaru website. I did find this website though https://techinfo.subaru.com/

Re: Tesla Adds Larry Ellison and Kathleen Wilson-Thompson as Board Directors

#107

Post by ThinkBeat »

Expect software updates for Tesla automobiles to become progressively more expensive and more difficult to install, they will also be packaged with adware.

All patents will be closed and litigation against all other electric car makes will ensue.

Re: Tesla Adds Larry Ellison and Kathleen Wilson-Thompson as Board Directors

#108

Post by philipov »

gtirloni wrote: post #7
tsomctl wrote: post #5

"As you know people, as you learn about things, you realize that these generalizations we have are, virtually to a generalization, false. Well, except for this one, as it turns out. What you think of Oracle, is even truer than you think it is. There has been no entity in human history with less complexity or nuance to it than Oracle. And I gotta say, as someone who has seen that complexity for my entire life, it's ve…

Yes, Oracle is bad. No, I don't love or even like them. But quoting Bryan's dramatic speeches every time Oracle or Ellison are mentioned is adding next to nothing to the discussion at this point. It's a great way to incite anger though.

https://xkcd.com/1053/

Re: Tesla Adds Larry Ellison and Kathleen Wilson-Thompson as Board Directors

#109

Post by [deleted] »

tsomctl wrote: post #64
dominotw wrote: post #56

Earlier quoted context omitted.

> For comparison, pretty much every other major auto maker will sell you a book telling you how to fix anything on your vehicle Wow I didn't know this. I have hard time believing this. Where can I find this for my subaru 2019.

Really, modern vehicles require a subscription to a website. Hypothetically, you could pay for the 2 day access and scrape the site for your vehicle. For older vehicles, you can normally find the fsm/workshop manual with some creative googling.

[deleted]

Re: Tesla Adds Larry Ellison and Kathleen Wilson-Thompson as Board Directors

#110

Post by daveFNbuck »

gtirloni wrote: post #7
tsomctl wrote: post #5

"As you know people, as you learn about things, you realize that these generalizations we have are, virtually to a generalization, false. Well, except for this one, as it turns out. What you think of Oracle, is even truer than you think it is. There has been no entity in human history with less complexity or nuance to it than Oracle. And I gotta say, as someone who has seen that complexity for my entire life, it's ve…

Yes, Oracle is bad. No, I don't love or even like them. But quoting Bryan's dramatic speeches every time Oracle or Ellison are mentioned is adding next to nothing to the discussion at this point. It's a great way to incite anger though.

I clicked through to these comments because I didn't know who Larry Ellison was and wanted to get an idea of what the HN community thinks of this move. Seeing this as the top comment gives me a pretty good answer about that.
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