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, 7 January 2021 17:21 (three years ago) link
Pretend value behaves like real value, I suppose.
― Bidh boladh a' mhairbh de 'n láimh fhalaimh (dowd), Thursday, 7 January 2021 17:22 (three years ago) link
― Guayaquil (eephus!), Thursday, January 7, 2021 5:21 PM (two minutes ago) bookmarkflaglink
this is literally the definition of value
― dean bad (map), Thursday, 7 January 2021 17:25 (three years ago) link
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, 7 January 2021 17:26 (three years ago) link
all that is solid kills versus maims
― Doctor Casino, Thursday, 7 January 2021 17:26 (three years ago) link
listen, i know you're saying this ps5 is $400, but that's just speculation
― Karl Malone, Thursday, 7 January 2021 17:27 (three years ago) link
it is a very bad way to think about value imo, but i recognize it is popular
― Guayaquil (eephus!), Thursday, 7 January 2021 17:28 (three years ago) link
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.
― Van Horn Street, Thursday, 7 January 2021 17:33 (three years ago) link
― dean bad (map), Thursday, January 7, 2021 12:26 PM (four minutes ago)
otm. cash also fluctuates in value iirc
― rob, Thursday, 7 January 2021 17:33 (three years ago) link
'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?
― Fenners' Pen (jim in vancouver), Thursday, 7 January 2021 17:34 (three years ago) link
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.
― soaring skrrrtpeggios (jon /via/ chi 2.0), Thursday, 7 January 2021 17:41 (three years ago) link
1st gen Teslas are exploding so there's that...
― Jersey Al (Albert R. Broccoli), Thursday, 7 January 2021 17:46 (three years ago) link
Also afaict Bezos has yet to tweet something out that manipulates his stock price.
― soaring skrrrtpeggios (jon /via/ chi 2.0), Thursday, 7 January 2021 17:47 (three years ago) link
It's just a bubble.
― Van Horn Street, Thursday, 7 January 2021 17:48 (three years ago) link
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
― Karl Malone, Thursday, 7 January 2021 17:49 (three years ago) link
Most of Musk's wealth is tied in Tesla, SpaceX moves the needle by 5% of his total worth.
― Van Horn Street, Thursday, 7 January 2021 17:52 (three years ago) link
― 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.
― Van Horn Street, Thursday, 7 January 2021 17:55 (three years ago) link
if he tried to wield power consistent with his paper wealth, other rich people and nations etc. would laugh at him.
― 𝔠𝔞𝔢𝔨 (caek), Thursday, 7 January 2021 18:24 (three years ago) link
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.
― 𝔠𝔞𝔢𝔨 (caek), Thursday, 7 January 2021 18:26 (three years ago) link
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.
― Van Horn Street, Thursday, 7 January 2021 18:44 (three years ago) link
i'm not saying he's not rich and powerful!
― 𝔠𝔞𝔢𝔨 (caek), Thursday, 7 January 2021 18:46 (three years ago) link
starting to think the rocket nonce may be dud
― marg bar āmrikā (||||||||), Thursday, 7 January 2021 20:43 (three years ago) link
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
― Guayaquil (eephus!), Thursday, 7 January 2021 20:57 (three years ago) link
I know there are 10000 theoretical books about this I haven't read so I can just excuse myself
― Guayaquil (eephus!), Thursday, 7 January 2021 20:58 (three years ago) link
having a lot of tesla stock is like having a lot of beanie babies, if you think about it
― superdeep borehole (harbl), Thursday, 7 January 2021 21:10 (three years ago) link
a cry for help?
― rob, Thursday, 7 January 2021 21:32 (three years ago) link
pic.twitter.com/DBcwLMbV5G— Mexie (@mexieYT) January 9, 2021
― Karl Malone, Sunday, 10 January 2021 03:53 (three years ago) link
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
― lag∞n, Sunday, 17 January 2021 03:14 (three years ago) link
intersting
https://pbs.twimg.com/media/Er9BntdU0AAG8ih?format=jpg&name=900x900
― mookieproof, Sunday, 17 January 2021 18:41 (three years ago) link
shoulda jsut given her emale
― Looking for Cape Penis house (Neanderthal), Sunday, 17 January 2021 20:31 (three years ago) link
This car sounds like garbage.
― Boring United Methodist Church (Boring, Maryland), Sunday, 17 January 2021 22:01 (three years ago) link
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
― Lee626, Thursday, 28 January 2021 02:58 (three years ago) link
It's like flying a plane, man!
― nickn, Thursday, 28 January 2021 03:41 (three years ago) link
lol that is... not functional
― lag∞n, Thursday, 28 January 2021 03:44 (three years ago) link
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
― nobody like my rap (One Eye Open), Thursday, 28 January 2021 03:49 (three years ago) link
Every time I see a Model X in person I'm shocked again at how ugly it is.
― Joe Biden Stan Account (milo z), Thursday, 28 January 2021 03:57 (three years ago) link
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
― frogbs, Thursday, 28 January 2021 03:59 (three years ago) link
i doubt that steering wheel is even legal in most of the world
― 𝔠𝔞𝔢𝔨 (caek), Thursday, 28 January 2021 04:07 (three years ago) link
self-clowning car
― if Spaghetti-Os had whammy bars (Neanderthal), Thursday, 28 January 2021 04:09 (three years ago) link
lol I bet three dozen people told him that only for him to reply "yeah ok eeet will be fine"
― frogbs, Thursday, 28 January 2021 04:10 (three years ago) link
that car looks like it might be cool once they add some more polygons
― stylish but illegal (Simon H.), Thursday, 28 January 2021 04:12 (three years ago) link
it's the N64 of cars
― if Spaghetti-Os had whammy bars (Neanderthal), Thursday, 28 January 2021 04:14 (three years ago) link
car does the driving, you don't need a steering wheel while you watch Tenet picture-in-picture with a baseball game
― shivers me timber (sic), Thursday, 28 January 2021 05:01 (three years ago) link
the streaming video functions of tesla theater turn off when the car is in motion iircthere will be more demand for video in cars that require charging - drivers will be sitting there with nothing to do
― Li'l Brexit (Tracer Hand), Thursday, 28 January 2021 09:09 (three years ago) link
they should add a glovebox or a back seat so ppl have somewhere to keep a book
― shivers me timber (sic), Thursday, 28 January 2021 10:29 (three years ago) link
a what?
― Li'l Brexit (Tracer Hand), Thursday, 28 January 2021 12:54 (three years ago) link
lol sic, you'll never make it in today's market thinking that way
― k3vin k., Thursday, 28 January 2021 13:07 (three years ago) link
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.
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/
― Lee626, Friday, 29 January 2021 09:32 (three years ago) link
It’ll likely require training to learn your routine and parking spaces, and it's sure to make a few mistakes
― stylish but illegal (Simon H.), Friday, 29 January 2021 11:21 (three years ago) link