Elon Musk

teslas in a tough spot 99% of its value was based on the idea that elon is a genius and a real good boy

pre-covid it was trading around like $20, then it shot up b/c it was a meme stock and also ZIRP. so probably will need to drop back down to $20

Yeah the most shocking thing about the Tesla price isn't how far it's fallen, it's how much it shot up in 2020 — based mostly on forth and excitement about "self-driving cars" and Musk's success at selling himself as a visionary. And helped a LOT by the weird pandemic investing environment. Like, even now the share price is triple what it was in February 2020.

Here's a good and somewhat prescient analysis from a year ago: https://www.investopedia.com/why-tesla-skyrocketed-during-pandemic-5211590

"During times of excess, fundamentals take a backseat. And so it has been with Tesla."

froth and excitement, I mean

teslas in a tough spot 99% of its value was based on the idea that elon is a genius and a real good boy

― lag∞n, Friday, December 16, 2022 9:43 AM (twenty minutes ago) bookmarkflaglink

lol yeah they're in a real unique spot, just think of all the value that could've been saved if someone could convince Elon to just shut the fuck up once in a while

kind of amusing how TSLA's stock graph pretty much mimics Bitcoin exactly

investing for dummies

elon was pretty much on track and on message til the stock went crazy, becoming the richest person pushed him over the edge

yeah i kind of forgot that he's only been the world's richest man for like 2 years. maybe if his wealth accumulation had been slower and steadier like bezos it wouldn't have gone to his head as much

tesla was on the verge of going under for years he must have felt so vindicated when it went to the moon

yeah he's basically the biggest lottery winner ever in history, not surprising his life is flaming out

not sure if we talked about how he supposedly 'donated' $5.7 billion in stock to a charity last year (which saved him $4 billion in taxes) and that charity turned out to be himself lol

https://news.bloombergtax.com/tax-insights-and-commentary/elon-musks-5-7-billion-stock-gift-had-some-surprising-benefits

https://www.businessinsider.com/elon-musk-mysterious-charity-donation-went-to-musk-foundation-report-2022-12

I will go out on aa limb and say massive fraud is involved in Tesla's stock price (like Bitcoin!), too.

you're not really going out on a limb everybody has thought that for years https://en.wikipedia.org/wiki/TSLAQ

It was a legitimate charitable donation, he gave that stock to the Human Fund.

ah interesting

News from @maxwelltani : NBC News has suspended @oneunderscore__ from appearing on air, over Musk criticism it thought crossed the line https://t.co/9zMkQgbxM1

— Ben Smith (@semaforben) December 16, 2022

tbf that guy does kind of suck

no hes cool he follows me

you're not really going out on a limb everybody has thought that for years https://en.wikipedia.org/wiki/TSLAQ🕸

all according to plan

And soon, ladies & gentlemen, the coup de grâce

— Elon Musk (@elonmusk) December 16, 2022

Bari Weiss is bad now

What should the consequence of doxxing someone’s real-time, exact location be? Assume your child is at that location, as mine was.

— Elon Musk (@elonmusk) December 16, 2022

🤣🤣🤣

— Elon Musk (@elonmusk) December 16, 2022

Just a good ol’ South African boy loving those Mandela jokes

Having heard him get awkward and agitated almost immediately on that space before he left it, the emojis are even funnier now, basically him afaict

https://i.imgflip.com/2/1nhqil.jpg

god these stories start eating their own tail so quickly, I'm not even sure what "reporting on my real-time location" or w/e is supposedly referring to at this point. I followed the bit about the "stalker," the car hood, the jet tracker, but these things become mythic in like hours and now I'm confused again

also as I'm sure someone already pointed out, it is too fucking LOL to have a tech CEO complaining about this

I don't care enough about Tesla to know a lot about it, but I feel somewhat confident in guessing that Tesla HQ knows exactly where all their cars are at any given minute

This David Roth piece from Defector is really good.

especially a tech CEO who's big idea was "Twitter should have your location data at all times"

also what's actually happening doesn't look any different to me than someone posting say, Taylor Swift's touring schedule

tesla was on the verge of going under for years he must have felt so vindicated when it went to the moon

― lag∞n, Friday, December 16, 2022 11:14 AM (one hour ago)

i sort of wonder if he now thinks every business venture of his will follow this pattern, and thinks that it's OK twitter is flatlining it's all part of the plan, he'll operate it on the verge of bankruptcy for a decade and then have it go to the moon... too bad social media ain't electric cars

It’s kind of the opposite in fact, automakers get bailed out and have weird inflated valuations all the time but social media companies never really recover once they start going into a tailspin

i'm not listening to that space for the same reasons i won't click play on a trump video, but apparently at least half of his consternation there was him realizing a bunch of people he'd personally banned from twitter earlier that day still had access to twitter spaces.

sounds like a bug. these things happen. but it will be interesting to see how long it takes them to ship a fix.

not exactly surprising but: https://www.nytimes.com/2022/12/16/technology/elon-musk-management-style.html

But as I’ve called around to C-suite executives and influential investors in Silicon Valley over the past few weeks, I’ve been surprised by how many are rooting for Mr. Musk — even if they won’t admit to it publicly.

Mr. Musk’s defenders point out that Twitter hasn’t collapsed or gone offline despite losing thousands of employees, as some critics predicted it would. They see his harsh management style as a necessary corrective, and they believe he will ultimately be rewarded for cutting costs and laying down the law.

“He says the things many C.E.O.s wish they could say, and then he actually does them,” said Roy Bahat, a venture capitalist with Bloomberg Beta.

Mr. Bahat, who has criticized some of Mr. Musk’s moves, characterized his Twitter tenure as a “living natural experiment” — a divisive but illuminating window into what other executives might be able to get away with, if they tried.

“He’s giving people a lot more knowledge of what’s possible,” he said.

Tech elites don’t simply support Mr. Musk because they like him personally or because they agree with his anti-woke political crusades. (Although a number do.)

Rather, they view him as the standard-bearer of an emergent worldview they hope catches on more broadly in Silicon Valley.

The writer John Ganz has called this worldview “bossism” — a belief that the people who build and run important tech companies have ceded too much power to the entitled, lazy, overly woke people who work for them and need to start clawing it back.

i wonder how much of what he's doing is influenced by his need for approval from that crowd. seems like a lot of his career has been focused on winning approval from thiel in particular. big alpha/beta vibes when they're in the same room apparently.

i wish more people were pointing out the obv fact that nobody stalked his damn kid, and the police aren't even actively investigating a crime.

he probably took video of some rando and assumed it was a stalker, then doxxed their fucking license plate

unless i'm misunderstanding, wasn't the extent of the doxxing just a bot account that regularly posts the flight information of famous people, which is already publicly available, and is still widely available on other platforms? wasn't the level of detail something like "elon musk's plane is landing at LAX at 8:20pm"?

because that isn't doxxing

and the police aren't even actively investigating a crime.

and they didn't even report whatever happened to the cops, which seems notable because, given musk's reaction, you would think he would be desperate to have any evidence to support his claim

tbf I don't really see anyone accepting that as fact either, as there was with Trump there are just so many weird things about all of this that it's hard to know what exactly we should be focusing on

teslas have cameras all over them, just saw a video of a guy keying a tesla filmed by the car as it was off parked and empty, if the guy jumped on the hood elon wouldve tweeted out footage of it by now

though I do wanna bring up that whole thing where Elon claimed "priority #1" upon buying Twitter was stopping child exploitation material, which he took a victory lap for despite knowing full well that he didn't do anything to combat it and in fact almost certainly made the problem worse by firing the whole team responsible for finding and reporting that stuff. and he did it by bringing up the fact that one of his kids "died in his arms", which caused his ex-wife to take to Twitter to say it absolutely wasn't true. I think a lot of the media isn't quite grasping how desperate and shameless this guy really is.

unless his family wasnt in a tesla, the true scandal

eh the media doesn't care, controversy generates traffic. it's the trump problem, they're going to keep covering elon until elon does something bad like precipitate the fall of western democracy (oops)

I think a lot of the media isn't quite grasping how desperate and shameless this guy really is.

Which is odd, given how the media usually is very good at not falling for such men.

In two years, a small group of rich dorks will probably start trying to lobby Congress to pass an amendment to allow foreign born candidates to run for President. So Elon can run.

Tesla stock learning a big lesson today: Don’t fuck with Aaron Rupar pic.twitter.com/18Ik4u43kK

— Adam Parkhomenko (@AdamParkhomenko) December 16, 2022

elon's probably just selling more of his shares, probably getting in sales before the end of the tax year because his options expire or something (iirc he sold a bunch of shares last year during the holidays too)

https://i.imgur.com/8jX2yMX.jpg

guy got too used to being the boss

it seems like musk just completely confused cause and effect and decided that twitter was in control of journalists rather than the other way around. none of the controls are connected to the things that neoreactionaries discuss at their orgies.

— rev. howard arson (@revhowardarson) December 16, 2022

pic.twitter.com/3FunSiHndf

— Galuade @ FIRES OF RUBICON (@galuade_) December 16, 2022

These dorks can’t figure out the 1st Am., really don’t want them to try figuring out the 4th.

honestly seeing that online bullying of rich people can impact investors confidence and price in a CEO like this is better than most drugs https://t.co/4C20FtAlND

— pudding person (@JUNlPER) December 16, 2022

Bari, this is a real question, not rhetorical. What is your opinion?

— Elon Musk (@elonmusk) December 16, 2022

all real questions on twitter must now be flagged as Real in the message