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Business, Economics, and Taxes: Capitalism. Yay? >=(

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Remember when he said he had secured financing to take Tesla private? Yeah....

maybe the SEC will do their fucking job this time
 
So, I only know what I read in the funny papers, but is Musk a complete fraud? Does he just have a shtick which happens to appeal to disaffected idealists too middle scrubbed to become socialists, and he trots that out like a Mr. Robot slash Ironman anti-hero, with zero behind it?

I'll admit that way back when I bought into his image, too. He seemed like a welcome change from the tech bros who wanted to make the world into some idiotic Snowcrash libertarian theme park. He seemed to have a streak of "burn it to the ground," and his baleful eye was cast upon the Finance Industrial Complex. "Like Jerry Lewis, he gave me hope to carry on."

But instead of Doc Savage, he's Doctor Oz.
 
The Sicatoka said:
Financing?
Buying 9% of Twitter was under 1% of his worth.
He probably has a platinum (technetium?) card with space on it to buy the rest.
Click to expand...

"Worth" is not cash on hand. Ask your buddy Donnie, who you don't actually support, or anything, but........
 
Kepler said:
So, I only know what I read in the funny papers, but is Musk a complete fraud? Does he just have a shtick which happens to appeal to disaffected idealists too middle scrubbed to become socialists, and he trots that out like a Mr. Robot slash Ironman anti-hero, with zero behind it?

I'll admit that way back when I bought into his image, too. He seemed like a welcome change from the tech bros who wanted to make the world into some idiotic Snowcrash libertarian theme park. He seemed to have a streak of "burn it to the ground," and his baleful eye was cast upon the Finance Industrial Complex. "Like Jerry Lewis, he gave me hope to carry on."

But instead of Doc Savage, he's Doctor Oz.
Click to expand...

Have you watched Return to Space? I'm not a Musk guy but the criticisms are at times ridiculous.
 
The Sicatoka said:
Financing?
Buying 9% of Twitter was under 1% of his worth.
He probably has a platinum (technetium?) card with space on it to buy the rest.
Click to expand...

Worth =/= cash in hand. I'm pretty sure you already pointed that out to us like five years ago (but I could be misremembering).

Twitter, at Musk's valuation of 54.20/share is $43 Billion (with a B).

The discussion points were: does Musk sell part of his 17% stake in Tesla (currently at $142.3 Billion) to become an even small shareholder of the company (yet still its largest). He also threatened to take Tesla private, and thst never materialized.

Does he sell part of his SpaceX private stock? (Estimated to only be around 40%) That would weaken his spot in SpaceX, which he's been trying to strengthen financially after already selling off $22 Billion of Tesla stock to pump into SpaceX.



But please, tell me more about Musk's supposed Vibranium Mastercard.....
 
Slap Shot said:
Have you watched Return to Space? I'm not a Musk guy but the criticisms are at times ridiculous.
Click to expand...
Meh. The one thing of substance he’s done is SpaceX. The rest is smoke and mirrors. King of the pump and jump - wild promises of impossible crap before switching to entirely different things, taking the investors’ money with him. $1T market cap for a car company that owns less than 5% of market share with no credible plans to produce any mid or low range vehicles (luxury segment only). Puh-leeze.
 
LynahFan said:
...with no credible plans to produce any mid or low range vehicles (luxury segment only). Puh-leeze.
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Honestly, after reading so many reports of the build quality being shit on Tesla vehicles, they should never be called a luxury car again.

You would think more care would be taken with the cars being "hand assembled", but door panel lines dont line up, gaps in body panels are wildly inconsistent, gaskets between the window and body work are inconsistent.

My OCD gives me Forrest Whittaker eye every time I start to look closer at the shoddy bodywork of a Tesla.


I would buy a Chevy SUV built at 3pm on a Friday by a drunk union auto worker before I'd purchase a Tesla.
 
aparch said:
Worth =/= cash in hand. I'm pretty sure you already pointed that out to us like five years ago (but I could be misremembering).

Twitter, at Musk's valuation of 54.20/share is $43 Billion (with a B).

The discussion points were: does Musk sell part of his 17% stake in Tesla (currently at $142.3 Billion) to become an even small shareholder of the company (yet still its largest). He also threatened to take Tesla private, and thst never materialized.

Does he sell part of his SpaceX private stock? (Estimated to only be around 40%) That would weaken his spot in SpaceX, which he's been trying to strengthen financially after already selling off $22 Billion of Tesla stock to pump into SpaceX.



But please, tell me more about Musk's supposed Vibranium Mastercard.....
Click to expand...

part of the deal would certainly be financing secured by his Tesla stock, not cash.
 
Slap Shot said:
Have you watched Return to Space? I'm not a Musk guy but the criticisms are at times ridiculous.
Click to expand...

As a former Musk guy I will say most of the criticisms are 100% legit. He is not smart, he is not a savior, he is likely a racist and he treats his employees like trash. His image is a joke and his disciples are awful pukes who are just one small step above Joe Rogan fans. He is a con man and he is not a liberal ally.

My final straw with him (besides his obvious stock swindle called Dogecoin which incidentally I made money on because I knew he was a fraud) was his bs comments about COVID testing and his pushback on infrastructure. He pretends to be environmentally conscious but he pushes tech that is the exact opposite of green (crypto) and he opposes updating our grids and our infrastructure because it might mean Tesla loses its marketplace a year earlier than before.

Elon Musk is just another rich puke using his power to get more power and has legions who support him for it. He is Julian Assange, or Donald Trump only he gets a pass because he is Autistic and made an electric car. Oh and he dresses hip. Fuck Musk and fuck his followers...people need to call these people what they are Real Life Lex Luthors. (see also Bezos, Jeff)
 
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Handyman said:
he opposes updating our grids and our infrastructure because it might mean Tesla loses its marketplace a year earlier than before
Click to expand...

I did not follow this. I would think robust grid --> ubiquity of charging stations --> electric vehicle sales through the roof.

Please give me the learns.
 
aparch said:
Worth =/= cash in hand. I'm pretty sure you already pointed that out to us like five years ago (but I could be misremembering).

Twitter, at Musk's valuation of 54.20/share is $43 Billion (with a B).

The discussion points were: does Musk sell part of his 17% stake in Tesla (currently at $142.3 Billion) to become an even small shareholder of the company (yet still its largest). He also threatened to take Tesla private, and thst never materialized.

Does he sell part of his SpaceX private stock? (Estimated to only be around 40%) That would weaken his spot in SpaceX, which he's been trying to strengthen financially after already selling off $22 Billion of Tesla stock to pump into SpaceX.



But please, tell me more about Musk's supposed Vibranium Mastercard.....
Click to expand...

People who quote the DERP give me the Forest Whitaker eye ;^)

08dd5c0365cc2475ec6b0cffc6950e66.jpeg
 
Kepler said:
I did not follow this. I would think robust grid --> ubiquity of charging stations --> electric vehicle sales through the roof.

Please give me the learns.
Click to expand...

The more availability there is, coupled with the major companies like GM and Ford pushing for larger electric lines hurts him badly. Right now Tesla is really all there is on a large scale.

Tesla is like Apple, the brand is what matters. (obviously quality doesn't) He likes that a large quantity of the charging stations are branded with his company name. (they have proprietary charging stations all over the place) He likes that when people think electric they think Tesla. BBB had as part of it upgrading the grid and putting out more charging stations to make it more viable. Making it viable means it is easier for Ford to roll out their plans for an electric line, which will be cheaper and likely on par with Tesla. That means people stop buying Tesla faster. Part of what makes Tesla so valuable is that it is really all that is out there and he has cornered a market. That dies when the infrastructure allows for it.

It is inevitable but like all villains he just has to try and push back progress as long as possible.
 
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