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

[Zorba]

More the @Elonjets drama, not Musk is threatening to sue him for post publicly available information. It's almost like he wasn't sincere about his belief in free speech.

https://gizmodo.com/elon-musk-legal-action-elonjet-jack-sweeney-1849897068

 

[Pens1566]

Every new story makes him look like more of a gaping asshole ...

 

[fskimospy]

More the @Elonjets drama, not Musk is threatening to sue him for post publicly available information. It's almost like he wasn't sincere about his belief in free speech.

https://gizmodo.com/elon-musk-legal-action-elonjet-jack-sweeney-1849897068

Suing someone for reposting publicly available data seems like a recipe for paying lawyer’s fees to this kid, but I assume Musk cares more about intimidating people who might say things he doesn’t like than the money.

As I’ve said from the start Musk has a history of using the legal system to attack people who speak in ways he does not approve of. He has never given a shit about free speech.

 

[Heartbreaker]

He might be able to, yes, but I personally doubt it. It wasn’t profitable even before their revenues tanked and before they had annual $1 billion in debt service.

He might be able to make it appear profitable by offloading liabilities and such onto other entities but those are accounting fictions. He massively overpaid and he knows it. That’s why he tried so hard to get out of the deal.

He can personally service that debt for years, or he can just buy out the finance portion of deal. This is the second stock sale he's done after buying Twitter. Those two sales can service a lot of Twitter debt:

Elon Musk sells yet another $3.6 billion in TSLA stock to fund Twitter disaster

Elon Musk has sold another tranche of Tesla shares, this time worth $3.6 billion, amid ongoing chaos related to his...

electrek.co

 

[IronWing]

It is 100% certain that you voted for Reagan.

lol. You want us to think you voted for Carter?

lol.

fuck off dude. seriously, stop pretending that you are some fucking mystery. You don't have the capacity to be any more interesting than your posts here describe you to be. Just stop being silly with that noise.

Carter was Navy, Reagan played soldier on film. Maybe peek did vote for Carter. Carter’s policies were certainly more beneficial to service members than Reagan’s looting.

 

[fskimospy]

He can personally service that debt for years, or he can just buy out the finance portion of deal. This is the second stock sale he's done after selling Twitter:

Elon Musk sells yet another $3.6 billion in TSLA stock to fund Twitter disaster

Elon Musk has sold another tranche of Tesla shares, this time worth $3.6 billion, amid ongoing chaos related to his...

electrek.co

Yes but neither of those things are him realizing profit from this deal as the first is using his own money to make good Twitter’s losses and the second is foregoing whatever profits he could make on those billions instead of buying out Twitter’s financing.

That’s kind of what I mean by accounting fictions. Musk could sell all his Tesla stock and give it to Twitter and make it profitable (for the moment at least) but that’s not real profit for him.

 

[HomerJS]

Free speech my ass.
Elon Jet, the Twitter account tracking Elon Musk's flights, was permanently suspended (yahoo.com)

 

[dawp]

More the @Elonjets drama, not Musk is threatening to sue him for post publicly available information. It's almost like he wasn't sincere about his belief in free speech.

https://gizmodo.com/elon-musk-legal-action-elonjet-jack-sweeney-1849897068

seems everything is fine and dandy until it affects him personally.

 

[Heartbreaker]

Yes but neither of those things are him realizing profit from this deal as the first is using his own money to make good Twitter’s losses and the second is foregoing whatever profits he could make on those billions instead of buying out Twitter’s financing.

That’s kind of what I mean by accounting fictions. Musk could sell all his Tesla stock and give it to Twitter and make it profitable (for the moment at least) but that’s not real profit for him.

Yes, it's not the most profitable use of his wealth. Everyone said he overpaid, and thus over-financed Twitter.

But buying out the financing gives him breathing room, and gives him an earlier runway to generating small profits.

 

[MrSquished]

Everything this guy does is consistently showing what a piece of shit hypocrite he is. He is consistent at that at least.

I think there is a recording out there that he blames 'woke' culture for ruining his son, and he is on a personal mission to destroy said 'woke' movement. To a narcissist, nothing they actually do contributed to any issues, it's always externalities to blame.

 

[Rebel_L]

Free speech my ass.
Elon Jet, the Twitter account tracking Elon Musk's flights, was permanently suspended (yahoo.com)

I think to enforce his new policy he would have to start banning all twitter accounts tweeting anything from a live event.

I still cant decide if he is actually smart but socially inept or was just lucky with his investments to get where he is.

He certainly has made for a lot of personal entertainment for me over the last while but I suppose someone throwing around their money in such a way to tank such a massive social platform shouldnt really be viewed as a good thing.

 

[fskimospy]

I think to enforce his new policy he would have to start banning all twitter accounts tweeting anything from a live event.

I still cant decide if he is actually smart but socially inept or was just lucky with his investments to get where he is.

He certainly has made for a lot of personal entertainment for me over the last while but I suppose someone throwing around their money in such a way to tank such a massive social platform shouldnt really be viewed as a good thing.

Someone mentioned that change to moderation rules looks like he wrote it himself, which would make sense considering how incompetently it was drafted.

 

[hal2kilo]

He's not letting anyone post the link to that guys instagram page either.....

View attachment 72927

https://twitter.com/x/status/1603190155107794944

~
NBC News (@NBCNews)
Media representatives for the Los Angeles Police Department and the Los Angeles County Sheriff’s Department were unable to confirm that any report was made without more information.
Twitter•Yesterday at 10:43 PM

Wow, maybe he might realize what happens in this country when you complain about Trump, or white supremacists in this country publicly. Hate talk is bad ( imagine Bush senior here).

 

[ivwshane]

Everything this guy does is consistently showing what a piece of shit hypocrite he is. He is consistent at that at least.

I think there is a recording out there that he blames 'woke' culture for ruining his son, and he is on a personal mission to destroy said 'woke' movement. To a narcissist, nothing they actually do contributed to any issues, it's always externalities to blame.

You have to understand, he is now a righty. Nothing he does now will make sense and his statements/declarations will be the opposite of reality. He’s basically “my pillow guy” #2.

I just wish we had a little more insight into what triggered him to go full righty. For now we can speculate that it was his kid and wife but since this transformation isn’t unique to him it’s probably best not to speculate.

 

[manly]

well I never really did and still don't think of them as a car company, really. I think of them as battery/solar/software company for licensing.

In the future, anyway. lol.

If things continue with Elon, they will be utter garbage.

Still, I wonder how ponyo is doing....hope he's well.

This is a ridiculous hater take on Tesla. They're going to sell about 1.2M cars this calendar year, at over $60k ASP. Next year could approach something like 1.7M if Elon doesn't destroy demand any more than he already has. Note it took about a century for BMW for reach 2M in annual sales, and they have a much wider range of vehicles than Tesla does (notably BMW used to have a few entry level models, but at least in the U.S. that is pretty much down to the X1 and nothing else). Note that much of the demand destruction is in the U.S. among political liberals. Outside of cutthroat China, Tesla is definitely in the high growth phase in many countries.

If Tesla isn't a car manufacturer, I don't know what is. The problem for Tesla is their previously inflated stock price was predicated on them crossing over to a relatively high margin, mainstream automaker. Honestly, no such unicorn exists. Their long term stated goal (if you run the math) is to sell as many cars as Toyota or VW (over 10M annually currently but the global market is still growing). There is absolutely no way you can sell that many cars at anywhere close to the prices and margin they are currently enjoying. If they truly want to sell even over 5M cars annually by say 2028, they will absolutely need to have cars selling around $40k. To date, quality control has not impacted their sales rate; the only thing that has is Elon revealing his true Trumpism for all to bear witness.

Their stock price was previously priced based on achieving perfection, and everybody knows that is virtually impossible. To be clear, I have nearly zero intention of buying a Tesla and a lot of it does have to do with Elon Musk. The cars themselves have shitty QC, but are still amongst some of the best BEVs for sale today. But things can change, and change fairly rapidly when there are a couple dozen other global automakers chasing the same market.

 

[Pens1566]

Tesla market share has dropped by like 10% this year. And the pace of that drop is picking up. The big manufacturers are catching up and surpassing them. VW, Kia, Ford will all be outselling them (just EV) in less than 5 years.

 

[Coalfax]

Tesla is going to continue to tank as the main purchasers of EV vehicles are progressives.. which are more likely than not Democratic leaning. Elon showing the world what an asshat he is will make people find other alternatives for their EV needs. Its just a matter of time between this, all the lawsuits that Twitter is destioned to have to eat, and horrid people skills/management that will drive all this into the ground. One has to feel for the common employees that have to suffer through all this crap..

 

[manly]

He can personally service that debt for years, or he can just buy out the finance portion of deal. This is the second stock sale he's done after buying Twitter. Those two sales can service a lot of Twitter debt:

Elon Musk sells yet another $3.6 billion in TSLA stock to fund Twitter disaster

Elon Musk has sold another tranche of Tesla shares, this time worth $3.6 billion, amid ongoing chaos related to his...

electrek.co

He can sell off more TSLA shares, and in the process TSLA share price continues to tank even after a fairly "disastrous" 2022.

Historically, the heart of Tesla sales was in California amongst left-leaning voters. But there are high net worth political moderates and conservatives who buy Tesla cars as well. Obviously alienating 40% (or more) of your prospective customer base is dumb as rocks, but a lot of people are completely oblivious to finance/political news. I agree it'll be hard for Elon to replace California buyers with coal rollers who finance their ICE pickup trucks over 8 years.

 

[Saylick]

As I’ve said from the start Musk has a history of using the legal system to attack people who speak in ways he does not approve of. He has never given a shit about free speech.

Someone mentioned that change to moderation rules looks like he wrote it himself, which would make sense considering how incompetently it was drafted.

The old conservative adage is right once again...
"Conservatism consists of exactly one proposition, to wit: There must be in-groups whom the law protects but does not bind, alongside out-groups whom the law binds but does not protect."

Elon buying up Twitter was just a very expensive way of being in control of the rules.

 

[Fanatical Meat]

No where did I validate your ignorant and biased statement.

Back to the beds at work thing, in simplest form the idea of having beds that appear pretty shitty at work so you can work hardcore 80 plus hours a week for a billionaire who presumably wants another billion WHILE having your benefits and possibly pay cut is not a good visual. Anyone who accepts such a deal is making a poor decision. I am certain you wouldn’t accept those new working terms.
Little info, Northern States have laws regarding this stuff simply because in the old Mill days and light manufacturing days owners had a tendency to abuse such arrangements like “pay down the tools required to work each month” and oh you want to work somewhere else you owe me some ridiculous amount of money for those tools pay up now. Another was rent owners of the mills would build multi family houses and basically get all of every workers pay back in rent and food. Endless treadmill until one is incapable of working.
That’s a big part of the reason why it’s not allowed we have all simply forgot about it.

 

[amenx]

Despite sharp drops, Tesla stock ($157) is still overpriced at a 43 PE ratio. At end of 2021 its PE was 190! It was basically teetering on the precipice at the slightest negative news or sentiments. And along came Elon to bitch-slap investors back to reality.

 

[Vic]

He's not letting anyone post the link to that guys instagram page either.....

View attachment 72927

https://twitter.com/x/status/1603190155107794944

~
NBC News (@NBCNews)
Media representatives for the Los Angeles Police Department and the Los Angeles County Sheriff’s Department were unable to confirm that any report was made without more information.
Twitter•Yesterday at 10:43 PM

A key component of authoritarian cults is to convince followers that Dear Leader is always in danger.

Edit: gotta add that I think it's awesome that Elon was instigating doxxing and mob violence against Yoel Roth just a few days ago, but now is worried about that kind of thing, because it's him.

 

[Vic]

Suing someone for reposting publicly available data seems like a recipe for paying lawyer’s fees to this kid, but I assume Musk cares more about intimidating people who might say things he doesn’t like than the money.

As I’ve said from the start Musk has a history of using the legal system to attack people who speak in ways he does not approve of. He has never given a shit about free speech.

The very reason he bought twitter was to control speech, not free it.

 

[Fenixgoon]

This is a ridiculous hater take on Tesla. They're going to sell about 1.2M cars this calendar year, at over $60k ASP. Next year could approach something like 1.7M if Elon doesn't destroy demand any more than he already has. Note it took about a century for BMW for reach 2M in annual sales, and they have a much wider range of vehicles than Tesla does (notably BMW used to have a few entry level models, but at least in the U.S. that is pretty much down to the X1 and nothing else). Note that much of the demand destruction is in the U.S. among political liberals. Outside of cutthroat China, Tesla is definitely in the high growth phase in many countries.

If Tesla isn't a car manufacturer, I don't know what is. The problem for Tesla is their previously inflated stock price was predicated on them crossing over to a relatively high margin, mainstream automaker. Honestly, no such unicorn exists. Their long term stated goal (if you run the math) is to sell as many cars as Toyota or VW (over 10M annually currently but the global market is still growing). There is absolutely no way you can sell that many cars at anywhere close to the prices and margin they are currently enjoying. If they truly want to sell even over 5M cars annually by say 2028, they will absolutely need to have cars selling around $40k. To date, quality control has not impacted their sales rate; the only thing that has is Elon revealing his true Trumpism for all to bear witness.

Their stock price was previously priced based on achieving perfection, and everybody knows that is virtually impossible. To be clear, I have nearly zero intention of buying a Tesla and a lot of it does have to do with Elon Musk. The cars themselves have shitty QC, but are still amongst some of the best BEVs for sale today. But things can change, and change fairly rapidly when there are a couple dozen other global automakers chasing the same market.

i'd say tesla's biggest advantage is battery tech, and it needs to learn to make a better car.

its competitors have been perfecting cars for 100 years, and are very quickly gaining ground on the battery tech.

tesla is losing its competitive advantage very quickly

 

[Pens1566]

i'd say tesla's biggest advantage is battery tech, and it needs to learn to make a better car.

its competitors have been perfecting cars for 100 years, and are very quickly gaining ground on the battery tech.

tesla is losing its competitive advantage very quickly

It's not even their battery tech. They license it from ... Panasonic(???).