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Tesla stock falls again, toward longest losing streak in more than 4 years

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Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#161

Post by newZWhoDis »

kylecordes wrote: post #139
dkjaudyeqooe wrote: post #79

Earlier quoted context omitted.

How does Musk posting that sort of stuff, which is difficult to get across in text at the best of times, benefit anyone, including Musk? It's a pattern of pointless provocative nonsense by Musk, befitting a teenager, not the CEO of multiple multi-billion dollar companies. I guess he's free to do what he wants, but people are free to read whatever they want into it as well. Dismissing it as humour is not a given.

I agree - Musk's behaviour is harmful to his personal reputation, his businesses, his investors, and sometimes beyond. Also utterly unbecoming a CEO of companies which routinely have human life at risk, serve critical national security interests, etc. (Yet I would not bet against him making a success of Twitter, as he has Tesla and SpaceX.)

Maybe what’s wrong isn’t his behavior, but how you expect a CEO to act?

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#162

Post by astrange »

asfgionio2346 wrote: post #52

I find myself confused about the purpose of stock markets. How can we arrange our society around a system that is so massively irrational? A few years ago Tesla was worth as much as the rest of the car industry put together . Even if you believed Tesla was going to become a perfect monopoly, its valuation still would not have been justified. Now people are acting like the sky is falling when this pipsqueak manufactur…

> The most spectacular failure I know of is the case of Twitter. We knew the value of the stock to the penny starting in April of last year, but for months it traded at over a 25% discount. Why do we pretend this system of price discovery works when it can't even discover a price that has been printed in newspapers?

The only point of buying Twitter stock is to sell it again later. If you know it'll sell months later at a specific price, then buying months earlier means tying up capital for a limited upside. Other investments have unlimited upsides, or at least pay dividends.

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#163

Post by newZWhoDis »

aaronbrethorst wrote: post #148
leereeves wrote: post #116

Earlier quoted context omitted.

Provocative nonsense has worked for Musk up till now. He got billions of dollars worth of free media coverage from his antics. And after all of it, here we are still talking about Elon, Tesla, and Twitter.

Musk’s provocative nonsense was a major reason why I didn’t consider leasing a Tesla earlier this year when I was in the market for an EV. I don’t think I’m the only one who feels this way.

[flagged]

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#164

Post by Geee »

fabian2k wrote: post #87
Geee wrote: post #72

Earlier quoted context omitted.

It's ridiculous to state that Elon praised Medvedev. Medvedev made some insane and absurd predictions for 2023 and Elon replied with "Epic thread!!". It was epic because how insane it was. Elon clarified it later with "Those are definitely the most absurd predictions I’ve ever heard, while also showing astonishing lack of awareness of the progress of artificial intelligence and sustainable energy."

I think it is entirely reasonable to not give Musk the benefit of the doubt here. He has previously made some comments that were very friendly to Russia, and calling something "epic" is reasonable to interpret as a positive endorsement. It's entirely possible that Musk is just trolling here, but that is not an excuse and should not shield him from criticism for this comment.

To me it's very obvious, but if you aren't familiar with Elon I guess it's possible to misinterpret it.

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#165

Post by [deleted] »

neogodless wrote: post #94
madballster wrote: post #86

What I find interesting is nobody complained about Musk's social media antics when he proclaimed himself to be Technoking of Tesla or when he hyped dogecoins with diamond hands. Both evidence of bizarre behavior for a CEO of a multi-billion dollar corporation. But only now - after the stock took the proverbial Acapulco cliff-dive - are investors condemning his 'erratic tweets hurting the stock'.

> nobody complained about Musk's social media antics Source?

[deleted]

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#166

Post by negamax »

thordenmark wrote: post #150
astrange wrote: post #57

Earlier quoted context omitted.

Elon doesn't exactly tweet like a rational logical being at the moment. It seemed to me he was praising the tweet because it mentioned him and said he was going to be president of the US (or something like that) so he thought it was cool. Then he just snuck back in and denounced it later when he remembered he has a security clearance. He's already taken calls with Putin and randomly decided to announce Ukraine should…

He thinks he's being funny, and his opponents and critics have no humor.

He mocked the Twitter staff he fired. Sorry but a CEO of Twitter a social network. Elon not having emotional intelligence is the most absurd joke. Only problem is that it is reality now.

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#167

Post by AzzieElbab »

astrange wrote: post #154
scifibestfi wrote: post #66

Earlier quoted context omitted.

For a time it was considered propaganda to push for peace. It was truly bizarro. Then a few weeks later regime approved voices said we should consider peace and it was no longer considered propaganda.

That's poor game theory. Russia is a Mongol horde. Suing for peace against tribal border raiders (cooperate) is a rational strategy. If they know you'll always cooperate, then their best strategy is to always come back and attack (defect). Each time you achieve peace you lose land. So, rational strategies are bad. You want to adopt an irrational strategy where you appear to be a crazy person willing to hurt themselve…

Well, yeah. That is why you don’t prevent wars with sanctions.

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#168

Post by kemayo »

madballster wrote: post #86

What I find interesting is nobody complained about Musk's social media antics when he proclaimed himself to be Technoking of Tesla or when he hyped dogecoins with diamond hands. Both evidence of bizarre behavior for a CEO of a multi-billion dollar corporation. But only now - after the stock took the proverbial Acapulco cliff-dive - are investors condemning his 'erratic tweets hurting the stock'.

That doesn't seem surprising. When it was still at a "quirky" level, it didn't bother investors or much of the tech community, because it was all excusable as someone blowing off steam in a way that wasn't directly interfering with his work. Some people didn't like it because he was an asshole, but mostly just in a "ugh, that guy" kind of way that didn't interfere with them later deciding to buy a Tesla.

Then he bought Twitter, and suddenly his behavior was actively hurting his companies -- Tesla because he had to sell stock which affected prices and because he's tarnishing the brand by going political, and Twitter because he was making erratic decisions that drove away users and advertisers. So investors started to care.

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#169

Post by newZWhoDis »

awacs wrote: post #73
kylecordes wrote: post #29

Earlier quoted context omitted.

It appeared to many observers that Musk was mocking the Russian propaganda, he then made the mockery explicit later. I don't understand the thesis that Musk is somehow pro-Russia. Generally his ventures are against Russia interests: SpaceX, launched in the aftermath of Russia being uninterested in selling a leftover rocket to Musk, now dominates the launch industry to the detriment of Russia, among other things halti…

I would agree on this one, but his pro-Putin / anti-American policy towards Ukraine is the context here. Plus he loves to troll the U.S. Gov (particularly the Dems) who literally made his life as a billionaire possible by funding him with billion to create Tesla when he was still basically "poor". He would be nothing without liberals who created the electric car incentive programs and EV loan programs, yet he trashes…

> but his pro-Putin / anti-American policy towards Ukraine

What an absurd characterization. Don’t you have something better to do than wake up and post lies on the internet?

He said they should negotiate an end to the war, that’s not “pro-putin”.

It really bothers me when people like yourself post these blatantly false statements, and I can’t say I’m surprised this post is still up/not flagged.

Re: Tesla stock falls again, toward longest losing streak in more than 4 years

#170

Post by dragonwriter »

madballster wrote: post #86

What I find interesting is nobody complained about Musk's social media antics when he proclaimed himself to be Technoking of Tesla or when he hyped dogecoins with diamond hands. Both evidence of bizarre behavior for a CEO of a multi-billion dollar corporation. But only now - after the stock took the proverbial Acapulco cliff-dive - are investors condemning his 'erratic tweets hurting the stock'.

> What I find interesting is nobody complained about Musk’s social media antics when he proclaimed himself to be Technoking of Tesla or when he hyped dogecoins with diamond hands.

People have indeed criticized both of those and many of the other things Musk has tweeted before the recent Tesla stock decline, and even the SEC has taken legal action based on ]Musk’s past tweets.

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