291–300 of 391 posts
Serious question: I am confused as to why do we see so many comments lamenting, what is essentially freedom of speech of EM? I mean, it's not like he is conclusively wrong about "Free America Now" comment. He may be proven wrong over time or even right.
HN is the most "doomer" place on the net, vehemently anti free-speech and insanely jealous of Elon musk. This is the perfect storm.
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> If he hits the trigger in his compensation package, he gets even more Tesla stock which will vastly increase his net worth on paper . Elon currently holds ~34 million shares of Tesla. If TSLA market cap hits a 6-month running average of $100 billion his first of 12 tranches of stock options vest, which is 1.69 million shares at $350 per share. Musk will spend $591 million to buy the 1.69 million shares, which on th…
2.2% more stock is a huge amount of stock when you're already talking about the company's biggest individual shareholder. That aside, a HNWI would never liquidate stock to exercise options or to pay taxes, since each action triggers a realization event and an associated tax liability. They would take out loans secured by the stock, since that doesn't result in a huge tax bill. So in the real world, Musk would use the…
I don’t know that he will sell shares to cover the strike price or the taxes, but I can say certainly it is explicitly permitted for him to sell shares only for that reason. Otherwise they must be held for at least (EDIT) 5 years post exercise.
He can simply hold the vested option but not exercise it. All options expire by 2028, and all vested options must be exercised within 1 year if he loses the CEO title. He does not gain any shareholder rights from those shares until the options are exercised. So this delays the payment of the strike price and taxes, but does not alter the basic math.
In short, a 2% bump in his equity position is below the noise floor of the daily price change of the actual shares. Frankly it almost makes you wonder what’s the point. Once you own double digit percentages of an asset that could appreciate more than 10x it’s more important to focus on the size of the pie than the size of your slice.
The vast change in Elon’s wealth was through achieving an IPO and getting the share value upwards of $800. An extra few million shares to him is the same as the difference between selling on a Monday or a Tuesday.
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> They can't handle when someone is expressive (aka the Tesla @ 420 tweet, he simply expresses his opinion) He tweeted about having money to take Tesla private, which from what I remember turned out to be false. Lying is not being expressive, it's just that: lying.
I don't know enough about this (how CEOs ought to behave) and I don't know to what extent Elon Musk cares. But I do know what I'd think in his position: I'd care more about freedom of speech. I believe that I should be capable of saying whatever I want (usual restrictions apply, hate speech etc.). Even if that means that I'm tweeting on a social platform about the share price. Twitter is not a platform where official…
It doesn't or didn't have to be. Tesla were the ones who stated in their Annual Reports that they considered Tesla and Elon's Twitters to be official sources for Tesla information.
This wasn't forced on him as a matter of censorship. _He_ chose that, his bed to lie in.
Serious question: I am confused as to why do we see so many comments lamenting, what is essentially freedom of speech of EM? I mean, it's not like he is conclusively wrong about "Free America Now" comment. He may be proven wrong over time or even right.
People don't like to allow discussions about things they disagree with anymore. Everything has become so polarized, it's as if simply allowing the conversation to happen risks bringing in new evidence that might prove a person wrong. I'm not saying I personally think everyone should head back out on the streets, but I think it's important we a least begin to discuss the pros and cons of doing so. In all of this, I've…
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I'm not the best in expressing this, but I believe to think like Elon Musk (except I'm lazy and not that bright), I think there are quite a few that think like Elon. Yes, I know how it sounds, but if you're obsessed about truth there's a chance you think like him as well. IMO Elon Musk is rational and also expressive. He thinks from first principles (aka how does the world really work?) and he communicates that way.…
> Most people can't handle that Right, we can't handle a billionaire demanding that everyone risk their lives to boost his stock price. And since when are arguments derived from first principles delivered in 3 word all-caps tweets?
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> Meanwhile Tesla and SpaceX have continued to succeed beyond expectations for over a decade now. I think people underestimate how essential Gwynne Shotwell is to SpaceX.
I don't feel like she's underestimated. I do feel she's under-spoken. Anyone who scratches the surface of SpaceX knows she's an absolute force. Elon says things during press conferences ranging from semi-ridiculous to full on crazy and Shotwell rarely comments, but when she does, it's taken rather seriously.
That's for sure. Elon can spout whatever he wants and space reporters, etc, will be like "Ok, Elon says this, but temper your expectations". When Gwynne Shotwell says something, the response is usually pretty much "Ok, this is happening."
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I just don't want a batshit crazy person running a company I invest in.
Seems like that would be a good personal indicator to not invest in Tesla then? A lot of people invest in Tesla in part because it is run by a “batshit crazy” person, though I’m sure those investors might phrase it differently.
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> Why do you feel like that is appropriate behavior? Honestly, its a means to an end. He has beceome the defacto person for the EV movement, Mars colonization, and to a degree AI (for good or for bad). many have tried before him, but none had the savvyness or presence that he has. I worked for Kimabl and approached him several times while at work and I can tell you right now, I would never try that with Elon. My frie…
He’s not an epidemiologist. He’s not an engineer. He’s a businessman. And by pissing so many people off, he’s definitely not being a good businessman.
Sure.
But you're pointing your ire at the wrong person, I'm not in the 'Cult of Elon' and here to defend his antics; I'm responding to someone asking why I accept it for what it is, and how it benefits the things I care about. I forgot to mention Starlink, too.
But, last I checked he is actually the Chief Engineer of SpaceX and Starship [1].
I don't entirely disagree with your assessment, but as I said, its a means to an end.
And the truth is he actually can piss off who ever he wants, and still be a good business man so long as he gets the Best Talent in the World lining up work for him (for little money) and people falling over themselves to give him funding and politicians letting him prototype stuff underground in one of the most seismically active places in N. America (SoCal/San Andreas Fault line) because he 'gets things done.'
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HN is the most "doomer" place on the net, vehemently anti free-speech and insanely jealous of Elon musk. This is the perfect storm.
Is it? HN seems very pro-free speech and EM compared to places like Twitter and Reddit.
edit: Also not exactly the most sane places to compare :D