Elon Musk

I don't see why we call a person "rich" when all it means is that some object he holds claim to has been arbitrarily assigned a larger number, it's not like he's going to sell it. If somebody lives in a house that shoots up in value, they're not a millionaire unless they sell it, and if the house goes back down in value, they never were.

I mean I'm not saying Musk isn't rich, I'm just saying the temptation to declare that "the current price speculators are paying for a thing" represents its actual value is to be resisted.

Pretend value behaves like real value, I suppose.

I mean I'm not saying Musk isn't rich, I'm just saying the temptation to declare that "the current price speculators are paying for a thing" represents its actual value is to be resisted.

― Guayaquil (eephus!), Thursday, January 7, 2021 5:21 PM (two minutes ago) bookmarkflaglink

this is literally the definition of value

what is to be resisted, imo, is "rich people aren't that rich because they don't have a bunker full of cash"

all that is solid kills versus maims

listen, i know you're saying this ps5 is $400, but that's just speculation

this is literally the definition of value

it is a very bad way to think about value imo, but i recognize it is popular

The problem is mostly that the bunker full of cash has disappeared into an asset that will provide nothing to no one, except Musk, for the foreseeable future.

what is to be resisted, imo, is "rich people aren't that rich because they don't have a bunker full of cash"

― dean bad (map), Thursday, January 7, 2021 12:26 PM (four minutes ago)

otm. cash also fluctuates in value iirc

'Tesla cranked out about 500,000 cars last year, about as many as General Motors makes in a month. But despite that, Tesla is worth more than Ford, Honda, BMW, General Motors, Daimler, Volkswagen and Toyota put together.’ From CBC.

I don't see why we call a person "rich" when all it means is that some object he holds claim to has been arbitrarily assigned a larger number, it's not like he's going to sell it. If somebody lives in a house that shoots up in value, they're not a millionaire unless they sell it, and if the house goes back down in value, they never were.

― Guayaquil (eephus!), Thursday, January 7, 2021 9:20 AM (eleven minutes ago) bookmarkflaglink

you know that money changes in value as well? if someone has 10 million dollars are they not rich because hyperinflation could happen and their 10 million may not be enough to buy a a 1990 subaru forester then?

Musk's wealth also feels a lot more.. tenuous than Bezos. I mean, Tesla still seems constantly on the edge of losing their market share and SpaceX is probably a couple exploded rockets away from falling apart.

1st gen Teslas are exploding so there's that...

Also afaict Bezos has yet to tweet something out that manipulates his stock price.

It's just a bubble.

i was under the impression that spacex was doing really well and that they are maybe NASA's biggest contractor? or is it Boeing, still? plus, beyond delivering payloads to space stations and making the re-usable crafts for NASA, i'd assume that there will be a neverending series of rich people who are willing to pay $500K to fly in low-orbit space for a few hours

Most of Musk's wealth is tied in Tesla, SpaceX moves the needle by 5% of his total worth.

it is a very bad way to think about value imo, but i recognize it is popular

― Guayaquil (eephus!), Thursday, January 7, 2021 12:28 PM (twenty-four minutes ago) bookmarkflaglink

How do you define value?

Because if people are willing to spend 5% of their savings on one stock, that's value to them, and Musk's worth (mostly) is an addition of all those investments.

if he tried to wield power consistent with his paper wealth, other rich people and nations etc. would laugh at him.

also tesla stock isn't bitcoin, but it's not like he can sell it and get dollars equal to the number of shares * current price. obviously this is true of anyone paid in stock, but it's particularly true of tesla.

The amount power he yields is not inconsequential in that millions of people now have money tied to his fortunes. He can also use Tesla's cash flow to buy whatever he wants for a long time now.

i'm not saying he's not rich and powerful!

starting to think the rocket nonce may be dud

I guess I am just resistant to a rigid definition that says e.g. the "value" of a person's labor, if they don't have much power, is the pittance they can be forced to accept in exchange for it

I know there are 10000 theoretical books about this I haven't read so I can just excuse myself

having a lot of tesla stock is like having a lot of beanie babies, if you think about it

a cry for help?

pic.twitter.com/DBcwLMbV5G

— Mexie (@mexieYT) January 9, 2021

lmao

tesla built their car stereos to increment a counter every time you start it, and when it you've done it enough times the entire dashboard breaks. excellent https://t.co/EZB5RUuhBz

— kyle (@knives_are_cool) January 15, 2021

intersting

https://pbs.twimg.com/media/Er9BntdU0AAG8ih?format=jpg&name=900x900

shoulda jsut given her emale

This car sounds like garbage.

This is the new Tesla Model S and Model X interior. Mostly it's a big improvement, but...

I'm sorry, having only half a steering wheel is a dealbreaker.

https://images2.markets.businessinsider.com/6011ef0e6dfbe10018e00622

It's like flying a plane, man!

lol that is... not functional

boring opinion but im still amazed that it can be legal to just have a streaming-equipped TV screen that faces the driver. like 20 years ago i once got a ticket for obstructed view for having a dancing hula lady toy on my dashboard, and now you can literally just watch TV while you drive

Every time I see a Model X in person I'm shocked again at how ugly it is.

no shit when I started driving the cool thing to have were those CD/DVD players with a 7" screen precisely because they were illegal

i doubt that steering wheel is even legal in most of the world

self-clowning car

lol I bet three dozen people told him that only for him to reply "yeah ok eeet will be fine"

that car looks like it might be cool once they add some more polygons

it's the N64 of cars

car does the driving, you don't need a steering wheel while you watch Tenet picture-in-picture with a baseball game

the streaming video functions of tesla theater turn off when the car is in motion iirc

there will be more demand for video in cars that require charging - drivers will be sitting there with nothing to do

they should add a glovebox or a back seat so ppl have somewhere to keep a book

a what?

lol sic, you'll never make it in today's market thinking that way

just...

Tesla unveiled the 2021 Model S and Model X vehicles on Wednesday night with images showing no stalks on the steering wheel or any other visible way to manually shift gears.

CEO Elon Musk tweeted today, when asked how this will work, that the car will guess which way the driver wants to go.

https://www.caranddriver.com/news/a35344029/tesla-model-s-x-shifter-explained/