Earlier quoted context omitted.
The contemporary competitors to the US with different economic fundamentals (China and the USSR primarily) also experienced/inflicted slavery, immoral behavior, and industrial progress, yet they didn't see nearly the same level of economic or societal development for the overwhelmingly vast majority of their population over their time of heavy-handed central planning economics. If you knew you'd be assigned at birth…
How much of this is simply that capitalism is more efficient at producing weapons of war, and the US was able to force the USSR and China to spend significant resources on defense?
Tesla Adds Larry Ellison and Kathleen Wilson-Thompson as Board Directors
161–170 of 358 posts
Re: Tesla Adds Larry Ellison and Kathleen Wilson-Thompson as Board Directors
#162Earlier quoted context omitted.
"You have to go to a Tesla Service Center to get your wheels aligned. It costs 10x more than an alignment somewhere else but it's for your own safety. If you go to another shop to get an alignment our software will detect it and void your warranty. Welcome to the future!"
This example is a bad one. In fact, when Tesla's repair system is busy, they'll send you to a standard tire store.
We're not talking about past Tesla. We're talking about Tesla that needs to improve cash flow with Larry Ellison on the board. Do you really think this is hard to imagine?
Re: Tesla Adds Larry Ellison and Kathleen Wilson-Thompson as Board Directors
#163A lot of people seem negative about this. Can someone explain why? Are there any implications I should expect (as a Tesla owner and stockholder)?
Well, it's sort of weird. He's never really been involved in a company that manufactures, i don't believe. Plus his legacy is that of maximizing licensing fees which isn't really in Tesla's wheelhouse given their history of opening patents. Maybe he's being brought in to fight the right to repair and help lock down Tesla's to maximize some sort of dealer /service model? Or maybe this is some sort of long play to get…
Re: Tesla Adds Larry Ellison and Kathleen Wilson-Thompson as Board Directors
#164Re: Tesla Adds Larry Ellison and Kathleen Wilson-Thompson as Board Directors
#165Re: Tesla Adds Larry Ellison and Kathleen Wilson-Thompson as Board Directors
#166Earlier 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.
Re: Tesla Adds Larry Ellison and Kathleen Wilson-Thompson as Board Directors
#167"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…
Re: Tesla Adds Larry Ellison and Kathleen Wilson-Thompson as Board Directors
#168Yup, that Larry Ellison. I'm not sure whether this is good news or not.
Re: Tesla Adds Larry Ellison and Kathleen Wilson-Thompson as Board Directors
#169After his failure, as virtually the only Theranos board member with a high-tech background, to provide any good advice on tech development to Elizabeth Holmes, this seemed incredible to me. Then, I read this in the statement: "Larry is also a big believer in Tesla’s mission, having purchased 3 million shares earlier this year." So, Musk was required to introduce more outside independence to his board, per agreement w…
Both Ellison and Musk are vying for the position of “real life Tony Stark”, I will wager in the next year they will have a major falling out.
Re: Tesla Adds Larry Ellison and Kathleen Wilson-Thompson as Board Directors
#170The same guy who encouraged Elizabeth Holmes to ignore her engineers in favor of over the top promotion. Also a board member who failed (or chose not) to detect the underlying fraud... Every time I consider closing out my Tesla short position something like this happens and I get more confident that something is awry.
I'm no fan of Ellison or Oracle. But a guy worth $60 billion with decades long ties and influence in media and government investing in TSLA and serving on its board is not something that should make shorts happy.