Musk’s repeated outbursts against advertisers have dried up the main source of revenue for the loss-making company formerly known as Twitter. A recent decision to sue them for heeding his own advice to not buy ads on the platform hasn’t helped. At some point, he will have to provide a fresh infusion of cash to salvage his $44 billion takeover.
I’ll give him a 1099A and two Fox Stamps for it.
I’ll give him a flick to the nose and shoelaces that are tied together
Aww, poor rich asshole.
Does anyone remember when musk said he’d buy twitter just so he could delete it?
I get challenged to provide a motive every single time I say this, but I’ve been convinced since just a few months after the purchase that the entire goal has absolutely been to destroy it. And with some of the moves he has made, I’m frankly surprised it took this long.
He continues to be hostile to most of the user base that made twitter popular, all the censorship/freezepeach stuff, how he destroyed verification, his bullying of advertisers, etc etc. I’m NOT a business genius but these seem like obvious glaringly awful business moves and they just keep coming.
My guess is he’s playing with his toy until he gets bored with it.
Is this why he’s kissing trump’s ass? Does he think the orange sandwich has the ability to help him if orange shit stain becomes president?
Might try to convince the Trump cult to take it off his hands
2 4 1 deal, how to trash 2 companies at once. Good job space karen!
You get what you pay for.
He’s so close…sell everything, buy a private island. Retire in style, never be heard from again. Bliss for him and everyone.
Rich guys and private islands… I’m sure nothing bad has ever come of that.
They don’t call the Evil Lairs for nothing …
He won’t. He bought the company using leverage so he wouldn’t have any personal financial investment in it.
My personal theory is that he bought it to destroy it to lash out at Grimes but, honestly, who the fuck even knows.
He’ll probably just get tesla shareholders to gift him the money. They’ve shown they’ll sign off on pretty much anything he asks for.
That’s because he installed his family and sycophants into the board at Tesla. They were literally put there to vote for whatever he wants. The shareholders approved the board appointees, and now they’re completely fucked unless someone calls for a full replacement of the board of executives at Tesla.
It’s his company, for better (unlikely) or worse (very likely).
Edit, for reference.
His brother is literally one of the board members.
Musk: How about a multiple billion dollar pay package?
Sane people: You’ve already had it.
Musk: I’ve had one, yes. What about a second multiple billion dollar pay package?The thing y’all keep forgetting is that it’s mostly in stock. He has HUGE incentive to keep Tesla going successfully, because of the immediate impact of the stock price on his wealth
Even if I didn’t know that, it would be clear after 10 seconds of thinking that a company that made about $46bn in the last four years can’t just pay out now than that in actual money, they don’t have the cash reserves.
For him, he can borrow against the stocks, so it’s about as good as money, maybe not 100%, but still a sizeable amount.
I think it’s dumb to agree to goals and compensation / rewards after the goals have already been met. I can’t go to my employer and retroactively demand more pay for previously agreed work, even if it turned out better than he or the customer expected.
I think Tesla stock holders were mislead and / or stupid, there’s no dividend so the only way to profit is to sell at one point, and Tesla’s position in the market is only getting weaker by the year. Outside of their car business, they have nothing of interest, though some people will never tire to emphasized that Tesla is a tech company - just what that concrete tech is that other companies or customers will want is still somewhat of a mystery. Same if it justifies current market evaluation.
I wouldn’t bet against Tesla stocks - I know the market can stay irrational longer than I can stay solvent.
Given Musk’s recent behavior alienating his potential core customers, he is a liability rather than an asset. The cybertruck damaged the brand, the semi which was delayed by 3 years does not fit the needs ICE trucks do, rental and other companies are phasing out Teslas because of their fast depreciation- but robotaxis will fix it, right?
How anyone has a positive outlook on their performance with him as the CEO is almost beyond me, but if you assume there’s a personality cult, it makes sense.
Let both burn
The problem with Tesla really is Elon.
If he sells his majority stake, I suspect it would be a lot better.
The biggest reason against buying them is him. They also make more than cars (their powerwalls seem alright).
If X fails though, I suspect all those bigots will flood over to here (Facebook and X seem to be distracting them for now).
Let them have their nazi prison. Just make it not profitable
If he sells it all, I’ll buy a Tesla the next day. Until then, dinosaur bones for me. Unless an economical and very powerful aftermarket swap parts become readily available.
I wouldn’t. The board is filled with Elon sycophants. Tesla manufacturing remains subpar.
Personally I’d be wary of putting a giant brick of lithium in my house, especially from a company with the questionable quality control of Tesla.
I agree partially, but in practice, the LFP batteries should be fine (I would never trust the PowerWall 2).
Unfortunately, been looking at other alternatives, and there don’t seem to be many seamless home batteries that cut in instantly in the event of a power outage (like an online UPS) either.
The reality is though, I expect Tesla to lose this market anyway (they only just introduced the PowerWall 3 in AU… Even cheap chinese manufacturers have been using LFP for a while)
The people who aren’t buying Teslas because they hate Musk aren’t gonna change their mind because he sold some stock. The company is tainted forever.
I mean i am too poor and don’t need a car but i could see myself buying a tesla once elon really is gone and the other two factors change for me.
The company is tainted forever.
…he didn’t found the company, engineer the cars, systems, nor infrastructure: there’s a lot of salvageable value in tesla if he goes away…
The only real engineering he’s done is likely the boring company (who the duck wants to drive in a claustrophobic one lane tunnel) and the submarine thing the cave divers said wouldn’t work (so he called them pedos)
He didn’t engineer anything because he doesn’t know how. At most he drew some kindergarten levels drawings on a white board.
The reality is… He is an engineer. Not all engineers have good ideas.
The difference is, he won’t accept criticism
I do software development and have had a few crap ideas (I once thought I could make a optimised OpenGL library using Matricies). The difference between normal people and him, is that when I got told it was a crap idea, I deleted the project. When he gets a crap idea, he attacks the person giving feedback, so there is NO incentive to provide anything but good feedback
When you’re surrounded by yes men you’ll only increasingly become over confident in yourself
No, Elon isn’t an engineer. He doesn’t have an engineering degree from an ABET certified school, no FE or PE license, nor does he understand basic engineering or design principles.
You can lick his boots and lie all you want, but Elon is a rich bitch trust fund baby who takes credit for the ideas of others and you defend him.
They won’t a tiny amount… But controlling share they might.
I can’t afford a Tesla. However, my biggest concern is that musk will half arse firmware or sabotage the company somehow.
If he doesn’t have controlling share, that’s a win and I suspect quality control will likely improve too
I’m not so sure. The overlap between “people who would like a high end EV” and “people who won’t buy something associated with Musk” has to be pretty big. I imagine if Musk’s roll was reduced the Board would have to put some work in to rebuild their brand, though - maybe by really focusing hard on quality control and longer-than-standard warranties for a few years, the way Royal Enfield did to shake off their own reputation for shoddy workmanship and cheap parts. Then they could let “the Musk years” fade into history and retake their reputation as the Premuim American EV.
The board is filled with Elon sycophants equally as stupid as him.
Not forever. Just as long as he has a share of it.
Having worked with Tesla I can tell you not all their problems would leave with Elon, but it would certainly be a great start.
How close is this market manipulation?
The Venn Diagram is a circle. If billionaires were held accountable it’d be a problem for him. But it’s not
What he is trying to do is to remove tweeter. He bought it so he could kill it.
I hate this stupid thing of attributing malice to incompetence
Can we please, please stop with this nonsense.
-
Why did he fight a lawsuit to get out buying it? How many levels of 4D chess are we on in this demented conspiracy theory where he wants to buy something, so he sends a bunch of very expensive lawyers to court for months to try to get him out of buying it?
-
Why did he rename it to X? X is his baby. That’s not hyperbole, the X brand is so important to him that the literally named one of his children X. He got kicked out of paypal for trying to make X happen. The man is absolutely obsessed with X. It is his white whale. You don’t bequeath that legacy to something you’re trying to kill.
Stop giving Musk credit by pretending there’s some kind of genius plan behind everything he does. He’s the richest man on earth, he does not need you to suck his dick for him. He can pay people for that.
He doesn’t have a secret evil plan. He’s just really, really stupid. He’s a textbook example of how people who start with wealth and unearned confidence will frequently become even wealthier because we have a fucked up clown show of an economic system. That’s all there is to it.
Okay I like your theory.
-
Let’s all buy it from him and just set it to redirect to joinmastodon.org
Or maybe he’ll just have to sell Twitter.
Or maybe Twitter’s debtors can place a lien and sell it right out from under him.
Kinda curious about what if Twitter were nationalized…? Like, make it a service of the USPS or something? Force it to become accountable to its users?
The only issue with nationalizing it is that it will be probably even worse for moderation than under Elon. Private enterprises currently enjoy protection for moderation decisions. If it were nationalized any moderator action would run up against the First Amendment directly. Elon could ban Nazis (he doesn’t but he could). A government controlled entity cannot.
Well they sure couldn’t break it any worse than Elon did.
Do you want your taxes to be spent on Xitter development and support?
Arguably, it’s used as national communications infrastructure so, yeah, I would want taxes to be used for developing and maintaining it. Same as any other national infrastructure.
First things first: let your taxes fix the healthcare system.
Mediocre and out of fashion Xitter doesn’t really seem to be an important part of national wellbeing.
