921–930 of 1001 posts
When all is said and done, did the banks that helped finance Musk's original acquisition of Twitter get their money back?
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Sadly, my pension I have no holdings in armaments or instruments of torture, apparently. But that's about the most constraint I can apply, short of self-managing.
Easily-replaceable with the correctly shaped welfare-state, never fear!
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Sales tax was already paid when it was new, the state got its due. That kind of idiotic policy is how expensive and collector cars get owned under an LLC and the LLC changes hands rather than the title. Thus the rich bypass all that BS it's only for the gullible plebs.
Sounds like tax evasion.
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You must not have tried FSD 13.x with AI4 hardware. I commute to work every day from the suburbs to the city with a ~25 min one-way commute with zero disengagements. Edit: Elon mentioned in the last earnings call that if you are on AI3 hardware and bought FSD that they will have to upgrade you free of charge to AI4. Edit 2: To clarify, FSD 13.x is only available with AI4 hardware.
They started selling FSD back in like 2017 and it was supposed to be self-driving ALL THE TIME by 2019. It’s 8 years later now and the best you’ve got is “upgrade the hardware to version 4 and you can make a 25 mile commute without disengagement” when Tesla was promising cross-continent summoning so you could fly somewhere and your car would drive there to meet you, charging along the way. That’s L5 autonomy. The del…
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It bails out Elon and means his Tesla shares (borrowed against to purchase Twitter) won’t be liquidated as Tesla’s share price continues to decline, using xAI investor funds. He uses hype and sentiment (inflating valuations) in the capital markets to always stay slightly ahead of consequences.
Tesla shares are higher now than they were when he closed on Twitter in October 2022.
We see it in our day-to-day lives. People aren't buying new cars. Cars on the road are getting older and older. Views of Tesla continue to dwindle. Anything Stellantis is on life support. I mean, Chrysler has literally one car. GM is clawing for any sort of relevancy. And Ford is only afloat because of toxic masculinity. We all know that it's bad in the US, and we know outside of the US it's 100x times worse for these companies. We also know the US car market as a market is getting overshadowed.
It doesn't matter what stupid investors think. We can see the writing on the wall. These investors are delusional, period.
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Exactly why do you believe a court that does exactly this kind of judgement all the time is not capable of it? They issued a 127 page supporting decision on why they found it was a fair process that generated a fair price. Want to say which part you take issue with that shows it was not capable of the judgement? FWIW - I actually hate tesla, i just also hate the sort of drive by shitting on other fields that HN seems…
you hate the company or the product? How does someone hate a company the open sourced all of their patents which resulted in creating a ton of competition in a previously dominated market?
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"He's a terrible human, but look at the model benchmarks!" We're different people I suppose.
Can you qualify the first part? I haven’t met him.
Elon Musk uses his immense wealth to cheat. He's infiltrated the government and uses his power to directly harm Americans, in order to further enrich himself. In addition, almost everyone who has worked for him has corroborated that he is an awful boss.
He is also prone to dishonesty. When confronted with something that requires accountability, his strategy is to protect his lies with newer lies. FSD, the state of twitter, DOGE, and on and on. He is so dishonest that it's almost always safer to assume he is lying than to give the benefit of the doubt.
But, even on a personal level, he struggles to stay afloat. He has impregnated multiple woman and is practically forming an army of illegitimate children. Those who were close to him either speak of him with extreme disdain or not at all. The only child he has any connection to is used as nothing more than a political pawn.
The only reason anyone even thinks he might be okay is because he's rich. We tend to have an extreme bias in favor of the wealthy, almost akin to a brainwashing. The reality is being rich does not correlate with being moral or decent. It doesn't correlate with being intelligent either, but that's a separate conversation.
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I smell margin call desperation. Musk got visibly worried with tanking Tesla stock and pulled out some crazy stops to keep Tesla afloat. Remember, these megabillionaires are due to stock valuations, and live rich lifestyles on the basis of lending against the value of stock. If that value drops and a margin call forces actual selling, then Musk loses shares in Tesla. I have to think this stunt is related to Musk need…
Tesla is still worth more than it was 6 months ago. I don't think a margin call based on borrowing a few years ago is likely.
What surprises me is that the drop in sales numbers seems to have zero effect on the stock price, at least not yet.
How the hell does this work?? I have five dollars in a box, and I buy a different box, also known to have five dollars in it, for the $5 in the first one. Now, according to this logic, I have a portfolio worth $10, since I still have the original box, worth $5 and the new one, also worth $5. If I tried this at a gas station, I would be arrested if I got caught.
It's more like: I have a box with $5 and you have a box with $5. We agree to merge our boxes into one and now we both have 1 box with $10. Plot twist: me and you are the same insane person.