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Getting Back to Work

tesla.com

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Re: Getting Back to Work

#21

Post by toomuchtodo »

mkagenius wrote: post #11
LudwigNagasena wrote: post #10

Earlier quoted context omitted.

A guy who consistently founds or joins successful companies is not someone I would call “who happen occasionally to win big”. He founded Zip2 that was acquired by AltaVista, he joined PayPal that was acquired by eBay, he joined Tesla, he founded SpaceX. His record is stellar. Of course it is understandable that Berkshire Hathaway wouldn’t hire anyone like Musk. They are as far from tech and VC as any investor could e…

> I admire Buffet and Munger, but the guys are 90 years old, Well, then you need to tell me your age, to know whether I should care about what you have written above.

Not OP, but mid 30s and I’m getting a bit tired of folks who are out of touch because of their age believing their past experience can extrapolate a future they don’t understand (Buffett in particular has done a very poor job understanding and investing in tech).

It’s terribly ironic that they think Musk is just lucky considering Munger and Buffett were able to invest during one of the most prosperous times in American history.

Admit you’re passed your prime and move on. Make way for innovators instead of valuing reading a 10-K and preferring conservative companies you believe are undervalued, or distressed companies you’re going to try to twist their arm into a deal (as Buffett did during the GFC with banks).

Re: Getting Back to Work

#22

Post by jshen »

I’ve been planning to get a Tesla, but I can’t buy one anymore. Between this and all the crazy, and sometimes illegal, shit Elon says, I just cant do it.

Re: Getting Back to Work

#23

Post by alasdair_ »

KKKKkkkk1 wrote: post #3

Charlie Munger on Elon Musk: “I don’t want my personal life to be [around] a bunch of guys who are living in a state of delusion, who happen occasionally to win big,” Munger told Daily Journal’s shareholders. “I want the prudent person.” https://www.cnbc.com/2019/02/19/charlie-munger-ideal-hire-wo...

This is the same Charlie Munger who backed airline stocks when everyone else was dumping them, outside only to finally realize how terrible they were far too late and finally dump them weeks after the rest of the market did.

His opinion is absolutely valid, but it’s not like his track record is any more exceptional than Musk’s.

Re: Getting Back to Work

#24

Post by centimeter »

Good. The economic devastation produced by the absurd government overreaction has destroyed orders of magnitude more net utility (measured in dollars, or imputed uniform-weight utils, or QALY, or whatever) than any realistic projection for the destruction caused by this virus. It's should now be abundantly clear to everyone what was clear to people who looked at the available data with a level head months ago: these lockdowns are pointless at best, and realistically they have been incredibly destructive. I would hope that people would learn from this whole thing why the airheaded "lives are more important than the economy" rhetoric is an absurd category error, but I think that may be expecting too much of people.

Re: Getting Back to Work

#25

Post by propter_hoc »

centimeter wrote: post #18
propter_hoc wrote: post #16

Suing the county, really? There's hundreds of thousands, probably millions of businesses that have been shuttered by COVID-19, and yet, of course, who should it be but the constant media circus that is Tesla--whose hit is miniscule compared to the restaurants, hotels and other businesses that actually can't earn revenue--that decides to publicly take it to the courts. I truly hate to say this, but it really smacks of…

Most businesses aren't in a position to sue the county. If Tesla sues and wins, those other businesses will benefit as well. I'm not sure what you're objecting to here.

My point is that this is yet another case where it is Tesla who is in the news for some controversial conflict. Such as the many times it's attempted to fight the SEC, played fast and loose with health and safety regulations in its factories, attempted to manipulate markets to burn short sellers, or bricked the cars of second-hand sellers. Sure, one or two of those events could be explained. But there is a social compact here. At a certain point, it reminds me of Uber's historical attitude towards local regulations or user privacy. This is not a comparison that I am happy to make.

This, of course, is besides the highly contentious notion that anyone will "benefit" from a public health order being overturned.

Re: Getting Back to Work

#26

Post by louis_pasteur »

propter_hoc wrote: post #16

Suing the county, really? There's hundreds of thousands, probably millions of businesses that have been shuttered by COVID-19, and yet, of course, who should it be but the constant media circus that is Tesla--whose hit is miniscule compared to the restaurants, hotels and other businesses that actually can't earn revenue--that decides to publicly take it to the courts. I truly hate to say this, but it really smacks of…

Elon Musk is behaving like an entitled and pampered child, did you see his irresponsible tweets a few days ago? How can someone in a position to impact millions of lives be so irresponsible?

Re: Getting Back to Work

#28

Post by louis_pasteur »

centimeter wrote: post #18
propter_hoc wrote: post #16

Suing the county, really? There's hundreds of thousands, probably millions of businesses that have been shuttered by COVID-19, and yet, of course, who should it be but the constant media circus that is Tesla--whose hit is miniscule compared to the restaurants, hotels and other businesses that actually can't earn revenue--that decides to publicly take it to the courts. I truly hate to say this, but it really smacks of…

Most businesses aren't in a position to sue the county. If Tesla sues and wins, those other businesses will benefit as well. I'm not sure what you're objecting to here.

If having the disease spread more widely among populations and more COVID deaths translates as "benefit" to you then yes. Tesla is concerned about only profits but what's profitable for the company may not be for people.

Re: Getting Back to Work

#29

Post by alasdair_ »

techntoke wrote: post #13
mnm1 wrote: post #4

It's obviously essential, critical work to fill up giant parking lots with new cars no one is going to buy. That's a great reason to resume work during the pandemic. I can't believe they even got shut down in the first place. If there aren't at least ten teslas for every American that can't afford them, we have failed as a society.

It looks like you got downvoted. There is a certain group of people that if they catch you outside without a mask or if you say publicly people should return to work, they'll post pictures of you on reddit and advocate for your murder, but as soon as Elon Musk says people should return to work they will immediately defend him because they think he is a God that is faultless.

I suspect that a large portion of this “group of people” are entirely fictional.

Re: Getting Back to Work

#30

Post by outside1234 »

centimeter wrote: post #18
propter_hoc wrote: post #16

Suing the county, really? There's hundreds of thousands, probably millions of businesses that have been shuttered by COVID-19, and yet, of course, who should it be but the constant media circus that is Tesla--whose hit is miniscule compared to the restaurants, hotels and other businesses that actually can't earn revenue--that decides to publicly take it to the courts. I truly hate to say this, but it really smacks of…

Most businesses aren't in a position to sue the county. If Tesla sues and wins, those other businesses will benefit as well. I'm not sure what you're objecting to here.

Them wasting our tax dollars with a lawsuit.
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