Lots of discussion here already: https://news.ycombinator.com/item?id=18776883
Tesla Adds Larry Ellison and Kathleen Wilson-Thompson as Board Directors
41–50 of 358 posts
Re: Tesla Adds Larry Ellison and Kathleen Wilson-Thompson as Board Directors
#42I'd love to hear from some Tesla employees with awakened consciousness how they feel about Ellison's involvement.
> I'd love to hear from some Tesla employees with awakened consciousness how they feel about Ellison's involvement.
What does "awakened consciousness" mean in this context?
Re: Tesla Adds Larry Ellison and Kathleen Wilson-Thompson as Board Directors
#43Earlier quoted context omitted.
Hopefully about $30-50 per share in "market confidence" in the midst of a bear market. Otherwise Tesla probably goes bankrupt in March.
I suppose short term gains is the only way the market knows how to function.
Quarter to quarter mentality is the biggest downside to becoming a publicly traded company. 'Maximizing shareholder value' has a nasty habit of crowding out all other concerns.
Re: Tesla Adds Larry Ellison and Kathleen Wilson-Thompson as Board Directors
#44I'd love to hear from some Tesla employees with awakened consciousness how they feel about Ellison's involvement.
Ellison was added to the Apple board of directors in 1997. Didntdo them any harm.
Re: Tesla Adds Larry Ellison and Kathleen Wilson-Thompson as Board Directors
#45"As you know people, as you learn about things, you realize that these generalizations we have are, virtually to a generalization, false. Well, except for this one, as it turns out. What you think of Oracle, is even truer than you think it is. There has been no entity in human history with less complexity or nuance to it than Oracle. And I gotta say, as someone who has seen that complexity for my entire life, it's ve…
Isn't the whole premise of capitalism that people motivated by money will build useful things for the world? How did Ellison conclude that shipping mediocrity is more profitable than shipping excellence?
People motivated by money will figure out how to get people to give them money. That doesn't necessarily imply making a better product.
Re: Tesla Adds Larry Ellison and Kathleen Wilson-Thompson as Board Directors
#46"As you know people, as you learn about things, you realize that these generalizations we have are, virtually to a generalization, false. Well, except for this one, as it turns out. What you think of Oracle, is even truer than you think it is. There has been no entity in human history with less complexity or nuance to it than Oracle. And I gotta say, as someone who has seen that complexity for my entire life, it's ve…
To be fair, this critque is more a critique on companies inside capitalism and it works when you remove all the Larry Elliot bashing and replace it with the word company: >There has been no entity in human history with less complexity or nuance to it than companies. >And I gotta say, as someone who has seen that complexity for my entire life, it's very hard to get used to that idea. It's like, 'surely this is more co…
It's even less of a critique than an observation at that point. Lawnmowers are useful, and if you thought they were friendly, you're using the tool incorrectly.
Re: Tesla Adds Larry Ellison and Kathleen Wilson-Thompson as Board Directors
#47The same guy who encouraged Elizabeth Holmes to ignore her engineers in favor of over the top promotion. Also a board member who failed (or chose not) to detect the underlying fraud... Every time I consider closing out my Tesla short position something like this happens and I get more confident that something is awry.
I'm no fan of Ellison or Oracle. But a guy worth $60 billion with decades long ties and influence in media and government investing in TSLA and serving on its board is not something that should make shorts happy.
Re: Tesla Adds Larry Ellison and Kathleen Wilson-Thompson as Board Directors
#48After his failure, as virtually the only Theranos board member with a high-tech background, to provide any good advice on tech development to Elizabeth Holmes, this seemed incredible to me. Then, I read this in the statement: "Larry is also a big believer in Tesla’s mission, having purchased 3 million shares earlier this year."
So, Musk was required to introduce more outside independence to his board, per agreement with the government. He chose one of the least credible board members he could, and one who owned a lot of shares in Tesla to boot. Aha. I think I understand now.
Re: Tesla Adds Larry Ellison and Kathleen Wilson-Thompson as Board Directors
#49Earlier quoted context omitted.
Hopefully about $30-50 per share in "market confidence" in the midst of a bear market. Otherwise Tesla probably goes bankrupt in March.
Even if they did, it doesn’t mean they’re going away. GM went bankrupt in 2009, still here.
GM was propped up by multiple levels of government investment, not sure that would come for Tesla.