Elon Musk, Tech’s Cash-Poor Billionaire
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Re: Elon Musk, Tech’s Cash-Poor Billionaire
#2Re: Elon Musk, Tech’s Cash-Poor Billionaire
#3It's really concerning that theres essentially a giant liability, Elon's personal debt, that doesnt show up on the balance sheet. As the article discusses, a margin call would be devastating, and hopefully any irresponsible decisions in his personal lifestyle choices don't spill over to put Tesla or SpaceX at risk. Especially considering how powerful a force they've been in driving consumer changes in vehicles and in developing the commercial space market.
Re: Elon Musk, Tech’s Cash-Poor Billionaire
#4It's really concerning that theres essentially a giant liability, Elon's personal debt, that doesnt show up on the balance sheet. As the article discusses, a margin call would be devastating, and hopefully any irresponsible decisions in his personal lifestyle choices don't spill over to put Tesla or SpaceX at risk. Especially considering how powerful a force they've been in driving consumer changes in vehicles and in…
Very unlikely, but if necessary Tesla would go through a Chapter 11 reorg, not a 7 liquidation. The brand, charging network, and manufacturing capacity has too much value to throw away.
When Tesla was on the brink of insolvency years ago, he had a handshake deal with Larry Page (they jetpooled together) for Google to acquire Tesla and for Musk to continue to run day to day operations. Wasn’t necessary, but there are options.
Elon will be fine.
Re: Elon Musk, Tech’s Cash-Poor Billionaire
#5It's really concerning that theres essentially a giant liability, Elon's personal debt, that doesnt show up on the balance sheet. As the article discusses, a margin call would be devastating, and hopefully any irresponsible decisions in his personal lifestyle choices don't spill over to put Tesla or SpaceX at risk. Especially considering how powerful a force they've been in driving consumer changes in vehicles and in…
Very unlikely, but if necessary Tesla would go through a Chapter 11 reorg, not a 7 liquidation. The brand, charging network, and manufacturing capacity has too much value to throw away. When Tesla was on the brink of insolvency years ago, he had a handshake deal with Larry Page (they jetpooled together) for Google to acquire Tesla and for Musk to continue to run day to day operations. Wasn’t necessary, but there are…
Either that, or Musk fails and brings down all the things propped up by his charisma and enthusiasm... and the world learns a lesson.
Re: Elon Musk, Tech’s Cash-Poor Billionaire
#6Remember that Elon agreed to have his tweets reviewed by Tesla's in-house counsel in lieu of formal SEC action after he lied about taking the company private.
He recently tweeted that the stock price was too high. Something legal would never allow him to say, especially if he is on the verge of exercising options.
My bet is the SEC isn't going to tolerate this behavior anymore, and he won't be at the helm of any of his companies by the end of the year. He will be just plain poor.
Re: Elon Musk, Tech’s Cash-Poor Billionaire
#7Earlier quoted context omitted.
Very unlikely, but if necessary Tesla would go through a Chapter 11 reorg, not a 7 liquidation. The brand, charging network, and manufacturing capacity has too much value to throw away. When Tesla was on the brink of insolvency years ago, he had a handshake deal with Larry Page (they jetpooled together) for Google to acquire Tesla and for Musk to continue to run day to day operations. Wasn’t necessary, but there are…
Either that, or Musk fails and brings down all the things propped up by his charisma and enthusiasm... and the world learns a lesson.
The lesson learned would be "don't do new things, and don't believe in anyone who suggests that you do new things." That's not a positive lesson.
The other lesson could be "maybe we shouldn't rely on one person's charisma to drive us to do new and interesting things," but that's not likely to be the lesson learned.
Re: Elon Musk, Tech’s Cash-Poor Billionaire
#8Earlier quoted context omitted.
Either that, or Musk fails and brings down all the things propped up by his charisma and enthusiasm... and the world learns a lesson.
The lesson learned would be "don't do new things, and don't believe in anyone who suggests that you do new things." That's not a positive lesson. The other lesson could be "maybe we shouldn't rely on one person's charisma to drive us to do new and interesting things," but that's not likely to be the lesson learned.
I'd think it's the second lesson that will be learned.
Musk has been on the verge of failure for years, and cracks are showing now more than ever before.
I'd hate for everyone to stop dreaming for tomorrow just because one guy couldn't pull off everything imaginable.
For all the good things Musk does, he also does a lot of bad things. Including but not limited to dreaming up absurd fantasies to "reinvent" industries he has literally zero experience in (aviation comes to mind, drilling tunnels, underwater rescue, etc) - and everyone fixates on that imaginary solution because he said it.
Not to mention taking credit for all the hard work the actual aerospace, mechanical and other engineers are doing under Musk. Very seldom do you hear Musk talk about how incredible the team is and how lucky he is to have them working on these problems. No, instead he has the gall to call himself Lead Designer this, or Chief Architect that. We all know he's not sitting down and crunching math to design rockets and cars and more.
Look at Hyperloop. People are still wasting money, energy and resources on it, regardless that what we have in testing today are just Maglev trains in tubes... a far cry from what Musk originally dreamt up. Nevermind how impractical or prohibitively expensive and uneconomical it would be to build trains across the US, oceans, across the world all connected.
People want to dream. Fine. But trusting all of the future to just one guy... I'm not so sure.
Re: Elon Musk, Tech’s Cash-Poor Billionaire
#9Pay walled.
Re: Elon Musk, Tech’s Cash-Poor Billionaire
#10Remember that Elon agreed to have his tweets reviewed by Tesla's in-house counsel in lieu of formal SEC action after he lied about taking the company private. He recently tweeted that the stock price was too high. Something legal would never allow him to say, especially if he is on the verge of exercising options. My bet is the SEC isn't going to tolerate this behavior anymore, and he won't be at the helm of any of h…
Take a close look at the actual terms of what is required to be reviewed by the legal team.