They also have over 100,000 employees. How much can Musk really be involved in?
Tesla is pretty much on full self driving now, it's basically blue chip and not going anywhere. Yes the trillion $ market cap is due in large part to him.
>Musk is already spread thin, now he’s so unfocused and undisciplined that he’s unable to stop himself from buying an irrelevant social media company as an expensive hobby. It’s the height of hubris.
I couldn't disagree more. He's the richest person in the world, he's so tremendously successful whatever attributes that you want to apply to him is literally only something to learn from. Hubris? Overconfidence? He's basically the world's first trillionaire. He has had how many doubters along the way and he's right every time?
I get why he's buying twitter and it's not about it being a hobby. Sure babylon bee was a catalyst but basically he sees the societal value of twitter. He sees the damage that twitter is doing through their political censorship. By fixing these problems it will provide tremendous value to twitter. He's going to benefit greatly with the purchase.
> Elon is already rather uninvolved with tesla because of the fight with the SEC.
I think this is hilarious.
"I can't run my company because a lawyer is meant to review my tweets so that I don't commit securities violations".
"I can't be involved with my company because the SEC is investigating my brother and I for insider trading".
This is horseshit. If this is the case, and I doubt it, it's entirely because he is trying to martyr himself, not because of any actuality of the "fight with the SEC". The SEC doesn't give two shits about the efficiency of his production lines, his plans to open a new battery production facility, or whatever. Let's stop the narrative that the evil bad SEC is stopping Musk from innovating to move humanity forward.
> I couldn't disagree more. He's the richest person in the world, he's so tremendously successful whatever attributes that you want to apply to him is literally only something to learn from. Hubris? Overconfidence? He's basically the world's first trillionaire.
Am I right to say that Elon is not going to dinner with you?
> He has had how many doubters along the way and he's right every time?
So the robo-taxis have released on time as promised at the end of 2020 then as he suggested.
Latest figures put him around $270 billion USD. That's mainly based on him owning ~20% of tesla. Whose market cap is around a trillion.
That figure doesn't include spacex/starlink, boring company, etc.
Spacex has gross revenues in the billions, 12,000 employees. Not to mention... ISS basically is Russian or Spacex launches to get there and back. With Ukraine... that makes Spacex the only option? What's the intrinsic value there?
What valuation would you give SpaceX? Their only real competitor right now is Russia and people dislike them.
His Tesla stake is worth ~190bn and the rest of his estimated net worth is comprised of SpaceX etc. Not sure why you think that is his Tesla equity only.
>His Tesla stake is worth ~190bn and the rest of his estimated net worth is comprised of SpaceX etc. Not sure why you think that is his Tesla equity only.
Lets say you're right. How did you come to a $80 billion valuation for spacex? The last valuation in 2021 was $100 billion. So spacex has lost value in your eyes? Starlink has happened since. Ukraine happened since.
“A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship, then a monarchy."
So interesting thing, that's a quote attributed to Alexander Fraser Tytler, Lord Woodhouselee by an op-ed piece by Elmer T. Peterson in the 9 December 1951 The Daily Oklahoman[1].
What he really did say is a bit more complicated:
> "The people flatter themselves that they have the sovereign power. These are, in fact, words without meaning. It is true they elected governors; but how are these elections brought about? In every instance of election by the mass of a people—through the influence of those governors themselves, and by means the most opposite to a free and disinterested choice, by the basest corruption and bribery. But those governors once selected, where is the boasted freedom of the people? They must submit to their rule and control, with the same abandonment of their natural liberty, the freedom of their will, and the command of their actions, as if they were under the rule of a monarch"
The irony is modern democracy with free speech, where the scale of your wealth directly transfers to the scale of your speech, makes the wealthy just as powerful as they would be in any standard oligarchy.
>He's the richest person in the world, he's so tremendously successful whatever attributes that you want to apply to him is literally only something to learn from. Hubris? Overconfidence? He's basically the world's first trillionaire. He has had how many doubters along the way and he's right every time?
Is it the goal ? To be the richest ? Amazing perspective for our world ahead, let people amass cash, it's going to go _great_
>he's right every time
Except when he bets on camera only FSD, causes deaths, pushes the Hyperloop, does the Vegas Loop, calls people who reject him pedophiles, pushes Starship, pushes absolutely terrible working conditions for both factory workers and engineers, and an unending list of Elon bullshit. In the same way, is he "right" when Tesla only exists because of credits from the state (which he then complains about when the state asks him to respect the law), when SpaceX only exists because the US has kept it afloat, when he was kicked out of Paypal for being a dumbass, when he threatens our spacefaring possibilities with bullshit pride projects such as Starlink, when his stocks are propped up with his lies and just his personality ? Sure. Must be nice to live in the Musk Reality Distortion Field. Be real. He's not a hero.
You're being down voted because your comments came off very angry and ranty. However, you are not wrong. His twitter usage is often hate filled or bullying. The one that stands out most is calling the scuba diver a pedo because he called Elon's submarine idea a PR stunt, which it totally was. Or when he trolls Bernie by saying he forgot he was still alive, because he doesn't agree with his stance on taxation. Elon is not really the best example or leader of free speech I would hope for.
>Is it the goal ? To be the richest ? Amazing perspective for our world ahead, let people amass cash, it's going to go _great_
No, Elon understands money unlike most people. Money is not a thing to anyone except the poor. Money is not a measurement of being able or not to do anything. In understanding that you generate wealth that is beyond money.
>Except when he bets on camera only FSD, causes deaths, pushes the Hyperloop, does the Vegas Loop, calls people who reject him pedophiles, pushes Starship, pushes absolutely terrible working conditions for both factory workers and engineers, and an unending list of Elon bullshit.
Controversial guy eh. Crazy how much society is rewarding him so much.
>n the same way, is he "right" when Tesla only exists because of credits from the state (which he then complains about when the state asks him to respect the law), when SpaceX only exists because the US has kept it afloat, when he was kicked out of Paypal for being a dumbass, when he threatens our spacefaring possibilities with bullshit pride projects such as Starlink, when his stocks are propped up with his lies and just his personality ? Sure. Must be nice to live in the Musk Reality Distortion Field. Be real. He's not a hero.
I agree, a certain political persuasion really dislikes him.
https://en.wikipedia.org/wiki/Robyn_Denholm
They also have over 100,000 employees. How much can Musk really be involved in?
Tesla is pretty much on full self driving now, it's basically blue chip and not going anywhere. Yes the trillion $ market cap is due in large part to him.
>Musk is already spread thin, now he’s so unfocused and undisciplined that he’s unable to stop himself from buying an irrelevant social media company as an expensive hobby. It’s the height of hubris.
I couldn't disagree more. He's the richest person in the world, he's so tremendously successful whatever attributes that you want to apply to him is literally only something to learn from. Hubris? Overconfidence? He's basically the world's first trillionaire. He has had how many doubters along the way and he's right every time?
I get why he's buying twitter and it's not about it being a hobby. Sure babylon bee was a catalyst but basically he sees the societal value of twitter. He sees the damage that twitter is doing through their political censorship. By fixing these problems it will provide tremendous value to twitter. He's going to benefit greatly with the purchase.