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Elon Musk owns Twitter: The story so far

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Re: Elon Musk owns Twitter: The story so far

#351

If I was working at Twitter right now I would be looking for a different job, regardless of what I think of Elon's politics/motives. The talk of layoffs and major policy changes creates massive uncertainty and I don't think I'd risk sticking out the transition. I bet many inside the company feel the same. This begs the question: If there is a major exodus, will it even matter? And, if it does, how will the problems m…

[deleted]

Re: Elon Musk owns Twitter: The story so far

#352
post #323

OK, so far, not much. Musk is getting stretched rather thin. Space-X seems to be doing OK with Gwynne Shotwell running things. Tesla, which Musk apparently does really run personally, is doing OK, but their side ventures are not. Self-driving is a mess. Solar panels (yes, Tesla has a solar panel business) are not doing well. The Cybertruck is years late. (Maybe next year.[1]) So is the Tesla Model 2, the low-end vehi…

Wasn’t the Model 3 the “low cost” one? Is there supposed to be a cheaper one? Cars are so confusing these days - $40k USD just seems like the average price now. My neighborhood has so many Tesla roofs I was actually surprised by your comment - but that’s fascinating! I thought they would be doing much better.

The base model 3 starts at 48,490. They were supposed to have a $35K version. I think they sold one to a guy once at that price with bike tires and folding chairs as seats.

Re: Elon Musk owns Twitter: The story so far

#353
The reason why Musk eventually bought Twitter, when he did, and at the price he paid, was to avoid having to testify under oath in the lawsuit against him. He was going to be deposed, exposed, and in the end he was also going to lose and suffer the indignity of having to pay a high price for something he fiercely said he didn't want anymore. Better bite the bullet earlier than later.

Now that doesn't explain why he wanted to buy Twitter in the first place, but there doesn't necessarily need to be a strong reason. He got frustrated as a user, he got bored, he thought "hey why not buy that thing" and that set a series of cogs in motion that couldn't be stopped before it was too late.

(He's the richest guy in the world; one would assume there are armies of people around him making sure his desires are met fast. If he says "let's buy Twitter", then those people make it happen.)

I don't think he has the beginning of a plan. He said "free speech!", and then also "but not hellscape!" But, some amount of free speech without being a pure hellscape is close to what Twitter is right now. That's not a plan for the future, that's an observation of how things are at present.

If he can simply wait for Twitter to be worth as much as he paid for it, so that he can sell it again and cover his losses, that will be a fairly good outcome.

Easier said than done, though.

Re: Elon Musk owns Twitter: The story so far

#355
post #247

If I was working at Twitter right now I would be looking for a different job, regardless of what I think of Elon's politics/motives. The talk of layoffs and major policy changes creates massive uncertainty and I don't think I'd risk sticking out the transition. I bet many inside the company feel the same. This begs the question: If there is a major exodus, will it even matter? And, if it does, how will the problems m…

These are times of tremendously unnatural opportunity for people who stick with it. If you doubt your objective value or just don’t like high-stress environments, then yes, start looking elsewhere now.

This comment sounds like it was written by Elon himself.

Re: Elon Musk owns Twitter: The story so far

#356

Earlier quoted context omitted.

I don’t think many people are cross-shopping Teslas with Bolts or Leafs. The difference in performance and technology is big enough to put them in a different vehicle class. Most of the people I know who are buying Teslas are coming from Audi and BMW, and never would have considered buying a Chevy.

That's basically the point. Tesla can't sell to those people, because they have no product for them currently.

But they sell everything they produce with good margins. Cheaper vehicles can be introduced when needed, it’s not necessary to announce them too early and it could even reduce the sales of existing more expensive cars.

Re: Elon Musk owns Twitter: The story so far

#357
post #323

OK, so far, not much. Musk is getting stretched rather thin. Space-X seems to be doing OK with Gwynne Shotwell running things. Tesla, which Musk apparently does really run personally, is doing OK, but their side ventures are not. Self-driving is a mess. Solar panels (yes, Tesla has a solar panel business) are not doing well. The Cybertruck is years late. (Maybe next year.[1]) So is the Tesla Model 2, the low-end vehi…

Wasn’t the Model 3 the “low cost” one? Is there supposed to be a cheaper one? Cars are so confusing these days - $40k USD just seems like the average price now. My neighborhood has so many Tesla roofs I was actually surprised by your comment - but that’s fascinating! I thought they would be doing much better.

Just an industry example...

Ford’s average transaction price (ATP) edged 4% higher to $54,008, according to Cox Automotive calculations. By comparison, Ford’s ATP was about $40,000 in Q3 2017.

Re: Elon Musk owns Twitter: The story so far

#358

Earlier quoted context omitted.

The problem with Musk's solar panel business is that it is more expensive and less effective than normal solar panels. They look nicer than normal panels, but to thrive off of solar you need as much efficiency as possible. Tesla panels don't provide that especially for the cost.

I live in Phoenix and a lot of people have been turned off on solar in general for their home because a lot of the companies are aggressive and shady. Seems like a missed opportunity for Tesla to have stepped in to be a "reliable" solar company simply by pricing competitively and not going out of business a year after installation.

If Tesla could have been reliable in comparison the other solar companies must be pretty bad.

Re: Elon Musk owns Twitter: The story so far

#359

If I was working at Twitter right now I would be looking for a different job, regardless of what I think of Elon's politics/motives. The talk of layoffs and major policy changes creates massive uncertainty and I don't think I'd risk sticking out the transition. I bet many inside the company feel the same. This begs the question: If there is a major exodus, will it even matter? And, if it does, how will the problems m…

I mean, if you're a huge fan of him you'd probably stay. If you're not, you'd probably stay for the severance package, and do absolutely no work in the meantime. No company or recruiter will be holding the fact you were fired against you if/when you're swept away in the layoffs. If you genuinely like your job there and don't feel strongly about Musk either way, that's probably the toughest situation, and you should c…

I'm sort of a fan but I still think I'd be leaving - he has shown open disdain for the status quo there, including the rank and file.

Re: Elon Musk owns Twitter: The story so far

#360
post #323

Earlier quoted context omitted.

Wasn’t the Model 3 the “low cost” one? Is there supposed to be a cheaper one? Cars are so confusing these days - $40k USD just seems like the average price now. My neighborhood has so many Tesla roofs I was actually surprised by your comment - but that’s fascinating! I thought they would be doing much better.

The base model 3 starts at 48,490. They were supposed to have a $35K version. I think they sold one to a guy once at that price with bike tires and folding chairs as seats.

Proud owner of the most inexpensive Tesla ever sold. Black 2019 Model 3, $36,500, less $3750 tax credit. Only took 3 years order to delivery.
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