Elon Musk now owns 9.2% of twitter...update.. will soon be the sole owner as Board of Directors accepts his purchase offer

[gorobei]

Elon can go de-vaccinate himself. what an insufferable, highly uneducated cvnt this piece of shit truly is. Seriously, all this guy does these days is expose to anyone paying attention that he napped his way through his overly priveleged life, built on slave labor and murder.

Fuck this useless asshole. I never thought there would be a more untalented successful joke than Steve Jobs, but here you go. Good work, dickburger Elon.

it is fascinating that he more or less got away with the 'eccentric rich guy spending his money on innovative gambles' persona for so long with only a few hints to his true inner douche getting coverage in the media. musk made comments early into the pandemic questioning the accepted science, it was written off as him not being the polymath he thinks he is. but now he is firmly in maga territory.

he is flushing that financially advantageous veneer away for an ego-driven aquisition that could destroy tesla. the eco-conscious liberal tech nerds were the only ones with the inclination and the money to be early adopters of first gen BEVs. the maga crowd rolls coal and are not going to make up for the lost sales from people not wanting to support musk because of his politics/actions.

Now I either have to wait for Tesla shares to ease their way back up to the "meager" price I paid for them before selling them, or just assume this turd river is going to be forced out by common sense, decency, and actual shareholder demand (seriously--isn't this the point of publicly owned companies? How has this useless collection of snot not been completely kicked out of Tesla by now? what the holy fuck)

unfortunately the tesla corporate rules require a supermajority for any big changes.

How Elon Musk controls Tesla with only a minority stake

Tesla's CEO has a complex form of control over the battery powered car company through his 22% equity stake on the one hand, and the company's super-majority voting rules on the other.

www.thestreet.com

Musk owns 22% of the equity and voting rights in the company, which may not seem like a lot considering that Facebook CEO Mark Zuckerberg controls 60% of the votes at the social media giant and much less of the equity. However, according to a lawsuit in Delaware Chancery Court, Tesla's bylaws contain supermajority voting requirements that require the approval of two-thirds of shares to OK major changes at the electric-car maker, including mergers, acquisitions or changes to the board's compensation.

Activist gadfly James McRitchie has submitted shareholder proposals in 2014 and 2016 to do away with Tesla's supermajority voting rules. In an interview, he notes that currently insiders -mostly Musk -- control about 25.5% of Tesla's shares and as a result, without Musk's support, a minimum of 89.5% of outside shares must vote to approve key changes -- an incredibly high hurdle.

given how it was a leveraged buyout of twitter, i'm sure he only cashed out enough tesla stock to not threaten his control of tesla. if he is trying to tank the company so his buddies can buy up the remains after bankruptcy then you will need to watch the price/news buzz like a hawk. there should be a bump if they can get at least a few cybertrucks out in 2023.

 

[cytg111]

it is fascinating that he more or less got away with the 'eccentric rich guy spending his money on innovative gambles' persona for so long with only a few hints to his true inner douche getting coverage in the media. musk made comments early into the pandemic questioning the accepted science, it was written off as him not being the polymath he thinks he is. but now he is firmly in maga territory.

he is flushing that financially advantageous veneer away for an ego-driven aquisition that could destroy tesla. the eco-conscious liberal tech nerds were the only ones with the inclination and the money to be early adopters of first gen BEVs. the maga crowd rolls coal and are not going to make up for the lost sales from people not wanting to support musk because of his politics/actions.


unfortunately the tesla corporate rules require a supermajority for any big changes.

How Elon Musk controls Tesla with only a minority stake

Tesla's CEO has a complex form of control over the battery powered car company through his 22% equity stake on the one hand, and the company's super-majority voting rules on the other.

www.thestreet.com

given how it was a leveraged buyout of twitter, i'm sure he only cashed out enough tesla stock to not threaten his control of tesla. if he is trying to tank the company so his buddies can buy up the remains after bankruptcy then you will need to watch the price/news buzz like a hawk. there should be a bump if they can get at least a few cybertrucks out in 2023.

Hmmmm…. Must make him burn more cash at Twitz then.

edit: For the cause; a better feed of the boo

 

[Pens1566]

He's dragging down company reputation with his own: (Up with Conservatives, but still negative, and even if they Like Musk, the don't like EVs, so dumb move):

Elon Musk’s Twitter Politics Add to Pressure on Tesla’s Brand Image

Democrats in particular have soured on Tesla in recent weeks, survey finds, though the car maker’s customers remain loyal.

www.wsj.com

Yeah, I predicted this would be the case a while back when he started in on his early RWNJ leaning stuff after the acquisition began. It's just a stupid move to alienate a huge portion of your customer base in such a public and juvenile manner.

 

[Zorba]

Elon disbands Trust & Safety council, shortly after accusing the former Safety head of Twitter a pedo. Seems to be a trend with Elon, calling people he doesn't like pedos. What an absolutely shitty human being.

Musk's Twitter disbands its Trust and Safety advisory group

Elon Musk’s Twitter has dissolved its Trust and Safety Council. That's the advisory group of nearly 100 independent civil, human rights and other organizations that the company formed in 2016 to address hate speech, child exploitation, suicide, self-harm and other problems on the platform.

apnews.com

Gotta be projection at this point.

 

[Zorba]

Elon can go de-vaccinate himself. what an insufferable, highly uneducated cvnt this piece of shit truly is. Seriously, all this guy does these days is expose to anyone paying attention that he napped his way through his overly priveleged life, built on slave labor and murder.

Fuck this useless asshole. I never thought there would be a more untalented successful joke than Steve Jobs, but here you go. Good work, dickburger Elon.

Now I either have to wait for Tesla shares to ease their way back up to the "meager" price I paid for them before selling them, or just assume this turd river is going to be forced out by common sense, decency, and actual shareholder demand (seriously--isn't this the point of publicly owned companies? How has this useless collection of snot not been completely kicked out of Tesla by now? what the holy fuck)

Tesla is fucked, the only way it ever justified it's price is if you believed they'd either own the EV market or self driving, and it looks like the competition is better at both. This was before he started shitting on his biggest customer base.

 

[Pens1566]

it is fascinating that he more or less got away with the 'eccentric rich guy spending his money on innovative gambles' persona for so long with only a few hints to his true inner douche getting coverage in the media. musk made comments early into the pandemic questioning the accepted science, it was written off as him not being the polymath he thinks he is. but now he is firmly in maga territory.

he is flushing that financially advantageous veneer away for an ego-driven aquisition that could destroy tesla. the eco-conscious liberal tech nerds were the only ones with the inclination and the money to be early adopters of first gen BEVs. the maga crowd rolls coal and are not going to make up for the lost sales from people not wanting to support musk because of his politics/actions.


unfortunately the tesla corporate rules require a supermajority for any big changes.

How Elon Musk controls Tesla with only a minority stake

Tesla's CEO has a complex form of control over the battery powered car company through his 22% equity stake on the one hand, and the company's super-majority voting rules on the other.

www.thestreet.com

given how it was a leveraged buyout of twitter, i'm sure he only cashed out enough tesla stock to not threaten his control of tesla. if he is trying to tank the company so his buddies can buy up the remains after bankruptcy then you will need to watch the price/news buzz like a hawk. there should be a bump if they can get at least a few cybertrucks out in 2023.

I wonder how much he's actually diluted his shares between the initial sell off and the 2(?) subsequent times he's had to liquidate additional shares for the sale to complete.

 

[Pens1566]

Tesla is fucked, the only way it ever justified it's price is if you believed they'd either own the EV market or self driving, and it looks like the competition is better at both. This was before he started shitting on his biggest customer base.

Another interesting theory I came across was that Elmo realizes that Tesla can't compete in the long run with the "big boys" once they ramp up on the EVs so he's ok with any damage that is done to $TSLA as long as it makes him a controller/major player in the social media sphere. Getting to possibly control the public narrative could be much more lucrative in the long run than eventually getting swamped by GM/Toyota/etc.

 

[cytg111]

Tesla is fucked, the only way it ever justified it's price is if you believed they'd either own the EV market or self driving, and it looks like the competition is better at both. This was before he started shitting on his biggest customer base.

Have to wonder if he'll be checking into rehab at some point..

 

[linkgoron]

Another interesting theory I came across was that Elmo realizes that Tesla can't compete in the long run with the "big boys" once they ramp up on the EVs so he's ok with any damage that is done to $TSLA as long as it makes him a controller/major player in the social media sphere. Getting to possibly control the public narrative could be much more lucrative in the long run than eventually getting swamped by GM/Toyota/etc.

They are still the leaders by a wide margin in the EV market, and they also have a large advantage in chargers and other tech.

How long is this "long run"?

 

[Pens1566]

They are still the leaders by a wide margin in the EV market, and they also have a large advantage in chargers and other tech.

I did say "long run", meaning in the future. How far in the future remains to be seen, but it's likely to be sooner than later given recent trends.

For now. But they're at a ridiculously inflated value in comparison, have nowhere near the infrastructure as the others, and don't have anything that's exclusive enough to differentiate from other EVs now coming in. Sales of recently released competitor models have already caught up with several Tesla models, and passed them in like a year. They have major QC issues, and now a enormous PR problem. Their main customer base is fleeing in droves. It's inevitable.

They were first to market, that's it.

 

[sactoking]

We had to slog through for years of people saying Trump was playing genius 4D chess when the simpler (and correct) answer was he's dumb as a rock. Now we have to go through the same thing with Elon? The simpler (and correct) answer is he's just a shit person. Can we please now stop with the genius ulterior motive theories?

 

[MrSquished]

Gotta be projection at this point.

yep

.

 

[pcgeek11]

So here’s your options for homelessness:

1. Incarcerate them at taxpayer cost
2. Tax payer fun a panel of programs designed to get those off the streets and into regular lives who are capable. For those who are not able mental institutions and shelters
3. Let them die and decrease the surplus population.

So which do you prefer?

As I stated earlier # 2 is the best of these options you listed.

 

[pcgeek11]

You should have never voted for Reagan, then. He is exactly why we have this problem now, but I'm sure you don't honestly care about that.

You are sure? How would you know who I voted for then? That's right you wouldn't and don't.

You don't know anything about what I care about. It was a crappy move to close down all of those facilities.

 

[Indus]

As I stated earlier # 2 is the best of these options you listed.

Agreed.

BTW

I think we're at step 1 of your sig.

Biden is not a soft man.

Trump only appeared to be hard but he was corrupt. If anything he woke up the country to its dangers.

Biden may just be able to pull off defeating Russia and China if Congress lets him (big if).. but lets be honest.. Russia would be looking like the big dog and us as has beens if Trump was still incharge.

 

[Zorba]

I did say "long run", meaning in the future. How far in the future remains to be seen, but it's likely to be sooner than later given recent trends.

For now. But they're at a ridiculously inflated value in comparison, have nowhere near the infrastructure as the others, and don't have anything that's exclusive enough to differentiate from other EVs now coming in. Sales of recently released competitor models have already caught up with several Tesla models, and passed them in like a year. They have major QC issues, and now a enormous PR problem. Their main customer base is fleeing in droves. It's inevitable.

They were first to market, that's it.

And being first to market has gotten them a market share smaller than Subaru.

 

[MrSquished]

Elon has gone full Q at this point. Definitely a chunk of his potential customer base is now like Fuck Elon's Tesla. Just in time for other options as other car makers are bringing their EV's to market.

At Thanksgiving two couples there had Tesla's. I spoke to one about it, he says the car is fine but he wishes he could like put a Chevy logo or anything over the Tesla logo as he can't stand Elon now that his true colors are shining through, and doesn't want to be seen driving in the brand of car his name is so synonymous with.

 

[KMFJD]

https://twitter.com/x/status/1602127460677844993

LOL if even a quarter of this is true

highlights include

~Twitter does not have separate development, test, staging, and production environments. At least 5,000 employees had privileged access to production systems.

~On 1/6, Mudge (the whistleblower) wanted to take action to prevent potential sabotage by a rogue employee. He learned it was not possible for Twitter to secure its production environment.

~Mudge realized that a data center failure could potentially cause the permanent loss of all of Twitter's data. He shared this fact with senior leadership, who instructed him not to put it in writing for the Board.

~ there were thousands of failed login attempts to Twitter's engineering system every day. Agrawal did nothing.

~Twitter is probably still vulnerable to Log4j to this day.

 

[Pens1566]

This is funny ...

https://twitter.com/x/status/1602663271911358466

 

[Pens1566]

Elon has gone full Q at this point. Definitely a chunk of his potential customer base is now like Fuck Elon's Tesla. Just in time for other options as other car makers are bringing their EV's to market.

At Thanksgiving two couples there had Tesla's. I spoke to one about it, he says the car is fine but he wishes he could like put a Chevy logo or anything over the Tesla logo as he can't stand Elon now that his true colors are shining through, and doesn't want to be seen driving in the brand of car his name is so synonymous with.

$60k is a lot to spend on the 4 wheeled version of a MAGA hat.

 

[vi edit]

This was was really my Rubicon for Musk. This was in 2018.

Elon Musk calls British diver in Thai cave rescue 'pedo' in baseless attack

Accusation directed on Twitter at Vern Unsworth, who called Tesla CEO’s offer of ‘mini-sub’ to help rescuers a ‘PR stunt’

www.theguardian.com

 

[hal2kilo]

I was just recently nostalgically watching some old clips of The Goodies from the 1970s. Particularly the one where they get encased in a large solid concrete block, that's been put up where Kew Gardens used to be.

This bit seems relevant to the above:

Graeme: (in response to Bill criticizing his architectural design of the buildings as plain blocks of concrete) "That's the whole point, you fool. Look, do you realise that the rent on that place is going to be 4000 pounds per square foot. And that's per minute!"
Bill: (taken aback) "Nobody can afford that, can they?!"
Graeme: (forcefully) "Well of course they can't, so there's no point wasting money putting doors and windows in, is there?! Goodness me! As a matter of fact, there's no rooms in there either and that's so the squatters can't move in ... I've thought of everything!"

I wish someone would show reruns. Catapulting cows, and all.....

 

[Pens1566]

Seems like some of that $44B would have been better spent on therapy.

 

[Vic]

Probably the worst thing about Musk's attack on Yoel Roth was that Yoyo was actually discussing how to protect underage users on grindr through shadowbanning. Instead of outright bans, where the underage user would just sneak back, he instead proposed putting them in a 'safe' zone where they could only interact with other underage accounts.
That Musk and his bots have tried to construe this as the exact opposite, as 'pedo' and 'grooming' is just insidious. I sincerely hope Roth sues the shit out of Musk.
That thread on twitter is freaking horrifying though. That crowd is violent.

 

[fskimospy]

Probably the worst thing about Musk's attack on Yoel Roth was that Yoyo was actually discussing how to protect underage users on grindr through shadowbanning. Instead of outright bans, where the underage user would just sneak back, he instead proposed putting them in a 'safe' zone where they could only interact with other underage accounts.
That Musk and his bots have tried to construe this as the exact opposite, as 'pefo' and 'grooming' is just insidious. I sincerely hope Roth sues the shit out of Musk.
That thread on twitter is freaking horrifying though. That crowd is violent.

It seems that Musk made several demonstrably false statements of fact related to this guy so I suspect a defamation lawsuit is coming.