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Twitter CEO fires two top executives, freezes hiring

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Re: Twitter CEO fires two top executives, freezes hiring

#991
post #981

Earlier quoted context omitted.

Every $100k vehicle is different, that’s not what “compromise” means. And the Model S had comparable power and comfort — not for everyone of course — to the cars you mention. Obviously people were buying it because it was electric, that added $30k in battery cost alone, you wouldn’t do that if you didn’t care about it being electric. But my point is that could do everything an American expects a baseline car, like a…

The Model S had far inferior comfort, especially the 2012 version. It got better. You had to compromise on everything in exchange of getting an electric car. > But my point is that could do everything an American expects a baseline car, like a Honda Civic, could do - it worked as a car in addition to being electric, which is more than can be said for the Leaf and Zoe, on range and charge time concerns alone. Sure, at…

I can't tell if either I'm doing a terrible job making my point, or you're deliberately misunderstanding me.

Let me ask you this: The Model S outsold the Leaf and the Zoe, and helped launch a new car company that has now sold more BEVs than any other manufacturer. Why do you think that is?

One possibility is that they made EVs that many people wanted to buy, and people bought them. I'm proposing that this is the case, and the fact that the Model S sold well despite costing $100k is an extremely strong indicator of this.

New EVs, even those from established manufacturers, are emulating Tesla, not the Leaf or Zoe.

Without Tesla, we may have had many Leaf or Zoe-like vehicles, but given how uptake of those vehicles went, it seems unlikely that we'd be where we are today -- in California, in 2021, BEVs were ~10% of all new vehicles sold.

Personal opinions of the cost or style of Tesla's EVs aside, one can't deny that Tesla made EVs attractive in the eyes of Californian consumers, and as goes California, so goes the world (for better or worse).

Re: Twitter CEO fires two top executives, freezes hiring

#992

Earlier quoted context omitted.

> Elon is margin called by year end is roughly 40% according to option prices The margin loans will almost certainly be replaced with outside equity prior to closing.

I am wondering what is in it for those people lining up - they are paying 20% over the market value to be locked in with musk.

Being “locked in with Musk” has been one of the best investment strategies of the last decade.

Re: Twitter CEO fires two top executives, freezes hiring

#993
post #876

Earlier quoted context omitted.

9% is the long term annual return of the stock market over the past century.

4% is the historical number you could take out for expenses in the worst case scenario. IMO it’s not pricing in modern existential threats, such as a war that crosses the ocean, or existing regulatory differences that make it more difficult for larger firms.

Yeah, maybe 4% is all one could manage to withdraw to survive the longest downturns. I haven't dug into that much. But, people are maybe debating different things - some are likely talking complete early retirement whereas my comment was more about "financial security" (or at least the claim it's "basically impossible to stay in the Bay long-term unless you make an absolute fuckton of money").

For me, financial security means something more like: money will be low on my list of problems. I could get more money by turning my attention there. I might have to work, but it could be some low-stress job, and losing it isn't a big deal. I could afford extra care for an elderly parent. I won't be knocked out by most random things that pop up, specific to my personal life, though I can't control what happens to my country etc.

For some, it means they don't have to work at all, and can't be ruined by market downturns that last decades. And further for some others, it means they can survive wars and societal collapse.

I think both are valid to wish for, though at a certain point it's a burden on yourself to control things you can't control. If there's a 1.1% chance of widespread nuclear war in our lifetime, and you want to be 99% certain your lifestyle won't take a hit, one needs to save and spend a ton to be able to weather it all.

Re: Twitter CEO fires two top executives, freezes hiring

#994
post #743
post #662

Earlier quoted context omitted.

> I used to think this could be a problem too... but Reddit has had an edit button as long as I can remember, and bait and switch doesn't really seem to be much of a problem. Anyone who does it enough to be irritating (instead of funny) will just find themselves banned by subreddit mods or otherwise they're doing it in a subreddit where it doesn't matter and no one will care. The same community controls don't exist i…

Twitter userbase is far, far dumber than Wikipedia's

Once you see anything controversial on wikipedia you'll see how dumb the editors are there too

Re: Twitter CEO fires two top executives, freezes hiring

#995
post #701

Earlier quoted context omitted.

"The high-end market is only a small part of the numbers" correct, but in a parallel universe where Tesla didn't exist & the typical EV looked & performed like a Leaf, would anyone actually want an electric car? Marketing and psychology are important.

Sure, as evidenced by the fact that more people bought cars that performed like the Leaf and Zoe than Model S's. Also the Renault Zoe looked just like the Renault Clio, that is, a normal car.

bought != wanted...

Re: Twitter CEO fires two top executives, freezes hiring

#996

Earlier quoted context omitted.

Maybe they would like to focus on their newborn, their wife, the new family dynamic - you know: important things - and not some stupid web app - which is what I would assume, since they're on maternity leave in the first place.

Would it be better if he was fired the day he came back into the office?

Yes.

Re: Twitter CEO fires two top executives, freezes hiring

#997

Earlier quoted context omitted.

150km of range is wet shit

150km of real world practical range is more than adequate. It's only 50% less than what the model S was when it came out, which is more than enough for the majority of people in the world.

> It's only 50% less

Do you realize how bad that is? People had to adapt to the S limitations.

Re: Twitter CEO fires two top executives, freezes hiring

#998

Earlier quoted context omitted.

$42 million is a pittance for a man at his level. VCs with a tenth of the risk have taken home more money than that over the years from several deals. He has also been at the company for a very long time. I’d be enraged at a $42 million exit when I’m a child prodigy who has worked his ass off to finally helm one of the most publicly visibly corporations on the planet.

No human being needs $42 million for anything, let alone more. I'm sure he'll be fine.

Oh I didn’t know the antiwork idiots from Reddit had found their way here. That’s my bad. I should’ve realized.

Re: Twitter CEO fires two top executives, freezes hiring

#999
post #728

Earlier quoted context omitted.

$42 million is a pittance for a man at his level. VCs with a tenth of the risk have taken home more money than that over the years from several deals. He has also been at the company for a very long time. I’d be enraged at a $42 million exit when I’m a child prodigy who has worked his ass off to finally helm one of the most publicly visibly corporations on the planet.

Most child prodigies and most people that work their ass off don't become millionaires, much less ones that can earn a million a year from interest. Also he did receive compensation for all the years he worked, no?

Why are you being intentionally dense? Compensation in the valley comes in the form of stock options more than anything else. This is like saying someone slightly less consequential to google than Jeff dean or Sanjay ghemawat should be happy with $50 million for giving a large portion of their lives to the company. Are you guys smoking something?

Most child prodigies don’t even work in corporate America and a lot of them don’t care for wealth. They’d rather go into theoretical physics or pure math.

Re: Twitter CEO fires two top executives, freezes hiring

#1000
post #750

Earlier quoted context omitted.

$42 million is a pittance for a man at his level. VCs with a tenth of the risk have taken home more money than that over the years from several deals. He has also been at the company for a very long time. I’d be enraged at a $42 million exit when I’m a child prodigy who has worked his ass off to finally helm one of the most publicly visibly corporations on the planet.

Huh, it's just a job even at position of CEO. To think he has taken risk while doing his well paid job is freaking hilarious. He did not build the company,nor is he some A level tech celebrity. So 42 million is BIG FUCKING DEAL.

Where are you pulling “he did not build the company” from? Anyone below the executive class is riskless and contributed nothing to the company?
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