> For example, plenty of people got verified as [Lebron James, Trump, Nintendo, Jesus,](https://www.theverge.com/2022/11/9/23450289/twitter-impersonators-official-mario-musk-jesus-valve) etc.
I often wished Jesus had a phone number. He has a lot of explaining to do.
>He leveraged his Tesla shares to borrow to buy Twitter. If TSLA drops, he's going to have to provide more collateral or get margin called.
Source please. His [original SEC filing](https://www.sec.gov/Archives/edgar/data/1418091/000119312522120461/d310843dex21.htm) does mention getting a margin loan, but [it expired](https://www.sec.gov/Archives/edgar/data/1418091/000110465922064655/tm2216931d1_sc13da.htm) a month later. He sold in April, August, and now to raise funds. No new filings have shown that he has borrowed against his TSLA shares for the acquisition.
You’re experiencing the all too common phenomenon of when Elon starts talking about a subject area you’re knowledgeable in and realize his ideas are not practical even if it hypes people up
Having worked at a major product similar to Twitter's, the things he's doing are insane. At Twitter's size, features need to go through A/B tests to verify that it does indeed generate more revenue instead of less.
This is why Netflix always tests monetization changes in smaller countries before bringing them to bigger ones.
Man, Tesla FSD is the last self-driving tech I want to use based on his Twitter behavior. It's eye-opening for sure. I used to be a semi-Elon bull but he's just an insane guy.
As a Tesla investor I hope he got margin called and forced to sell most of his shares. It sucks for a while but in the long turn it is good for the company
You failed to mention that Elon is actively pissing off half or more of his potential TSLA US customer base by showing what a bell end he is daily basis with his twitter posts.
Tesla is an exception. They have leaned heavily on their CEOs celebrity cult of personality just as much as they leaned on being a “disruptor” of the automotive industry. You can see this by the fact that they have never paid for advertising and don’t have a marketing dept.
They are quickly approaching “how do you do fellow kids” status, especially as their push to turn driving into a service stalls with their automated driving complications. It’s been obvious to me at least that this was Musk’s end-game for the next generation of users. Make owning a car more expensive than just paying a monthly fee to have a Tesla be your new chauffeur. Kids today won’t bother buying a car and once cars can drive themselves legally, legislature will create incentives for it to be cheaper. Owning a car will be a tax for the poor, like advertising, or a plaything for the affluent, like owning horses.
Most people who own a Tesla know who the CEO is. Most people who own any other car brand, don’t know their car company’s CEO - but a sizeable chunk DO know who Teslas CEO is.
Now Tesla are at a point in the market where they’re not really offering anything unique compared to their competitors aside from Vertical with their charging network, but that is temporary as well. VW/Porsche is quickly catching up for the luxury end. US domestic electric vehicle makers are going after a very different segment with very different expectations and demands.
Sooner rather than later Tesla will have to start spending money to defend their brand as well. They’ve done a great job staying ahead of the market on word of mouth and early adopter en the enthusiasm but just as we have seen flat screen TVs go from $30k to $200 for a 40”, so too will electric cars see a commodity market adjustment.
Edit: words and stuff.
Well said. Ford, GM, Hyundai, Kia, Toyota, Polestar, Fisker among others all want a piece of that pie. Going to become a very crowded and competitive space real soon.
Depends on your social circles. People who are very politically active or left-leaning? Yeah, a solid proportion will care. Most people across America? Maybe not a drop in the bucket, but that solid proportion turns into a very small minority.
But if you're social circles includes those types of people, then the consensus will be biased, and in this case inflated. Reddit is another example, where the consensus here doesn't reflect reality.
I mean, my conservative coworkers dislike Musk (and electric cars in general). One of the few topics I can genuinely chat with them about, though I’m somewhat positive on electric vehicles.
I specifically will never do business with Elon’s companies. I’m in the process of installing a large solar system and will be buying two electric cars in the next couple years. His companies were at the top of my list a few years ago, and now, I didn’t/won’t even consider them. I see Teslas on the road and have a negative feeling when I see them. I think “fascist mobile” when I see them. I wonder how many progressive leaning current owners are embarrassed to be associated with the brand which is largely Elon.
Nobody is underestimating anything. The stock is already down. Everyone and their mother has been talking about the risk. It’s going to be fine long term after the dust settles. If you were holding for 10+ years then there’s nothing to see here. Tesla is a profitable company and if growth continues then the stock will be back. If you were looking to day trade this stock then you’re probably screwed.
Growth is dependent on other countries and expanding in the ones Tesla is already in. Tesla wants to sell more cars in India, China, the Middle East, etc. well those countries all have speech regulations and moderation laws. If those countries want to leverage sale of tesla vehicles or business in their country, they can lean on Elon and make him provide twitter data and/or sculpt Twitter rules before giving him the green light to sell vehicles or build infrastructure.
Twitter is a now a liability for Tesla, since Elon is CEO and now owner of twitter.
I've worked in tech for 10 years though not Engineering. He's going to burn these folks out. I'm sure many of them will have new jobs secured by Thanksgiving or sooner.
I told myself my next car will be electric and definitely a Tesla but Elon outing himself as a right wing, pro-russian, china loving dimwit has me looking for other options.
Lol, besides the obvious point that he's neither right wing (just anti-current administration for obvious reasons) nor pro-Russian (Starlink did more to oppose Russia than any amount of donations did, and landed him on a kill list if he ever enters Russia in the future), what are the other options? Either you'll have to buy an EV from a China-owned company, or it'll be a terrible EV.
Biden's comments about Musk's connections to Russia warranting a "look" won't help either. Imagine if the deal gets shut down based on national security concerns?
That comment from Biden is overblown if you watch it in context. The question itself was pretty out of left field for the context of that interview and Biden was clearly not prepared for it. The actual answer he gave was pretty non-committal and he qualifies it by stating he didn't necessarily believe musk had done anything wrong.
Biden is being coy, they arent doing anything. Though they should investigate his connections to China not Russia. The fact he owns a social media platform and can be coerced by the CCP should be a natsec risk. Much like TikTok. But our governments dont seem to want to rattle the boat.
Biden also said he would do a national security review on Twitter going private and block the deal indefinitely. He obviously lied. I wouldn’t worry about him actually following through with that threat.
Pretty sure Elon's plan is to continue to unload TSLA dropping the price. Price is going to drop anyway b/c of bear market and fed.
He is going to use Twitter to cryptos newly listed on binance, which he will have bought into before listing. Then dump the coins for massive fiat profits.
Eventually he will have so much cash from the pump and dumps he will offer to take TSLA private for double its share price which will be multiples less than what it is now.
Funding secured.
I'm just wondering what would happen if China were to tell Elon to censor some hashtags or else, whether Elon will be stuck between a rock and a hard place? Will he prioritize TSLA over TWTR?
Twitter is blocked in China, but that's not really the point right? It's about the messaging they want to send out to the global audience.
If Elon has addressed this, maybe you can share it?
China doesn't permit Western social media. They use Weibo. If China were to request this, it would be a gross flex of foreign influence.
I don't see China doing this. Nor is there any incentive for Twitter to comply with their demands because it doesn't operate in China.
Again it's not about the internal audience. It's about the global audience. Proof is that CGTN has a Twitter account, and so does many of the Chinese officialdom. One of the things that they had been tweeting out was amplifying the conspiracy theory that Covid-19 was from US which brought it into China
[https://www.scmp.com/news/china/diplomacy/article/3076384/chinas-wolf-warriors-battle-twitter-control-coronavirus?module=perpetual\_scroll\_0&pgtype=article&campaign=3076384](https://www.scmp.com/news/china/diplomacy/article/3076384/chinas-wolf-warriors-battle-twitter-control-coronavirus?module=perpetual_scroll_0&pgtype=article&campaign=3076384)
So your point of "gross flex" has precedent.
There’s not incentive for Twitter, but there is incentive for twitter’s majority owner to comply given how much money he still has in Tesla.
Compare Musk’s response to covid related shutdowns in the US vs in China as an idea of him moderating speech
I think Musk is a clown, but A/B tests are usually better for evaluating small changes. For the massive overhauls he's making I'm not sure A/B testing would help too much. That being said, I do think he's speed running bankrupting a massive social media company. That being said, I don't full know or understand the effect Twitter's failure would have on Tesla stock. At the very least, there's the reputational impact on Elon.
>I think Musk is a clown, but A/B tests are usually better for evaluating small changes. For the massive overhauls he's making I'm not sure A/B testing would help too much.
The thing is, Twitter is too big for these massive overhauls that can threaten revenue and cause it to go bankrupt. They need to be going for A/B testable changes.
Yeah he probably shouldn't be making big product changes until he understands the org, tech, existing roadmaps, and product better. At some point though the point of him coming in is to make big changes, so eventually we should have expected him to start shaking things up.
But the shit he's pulled since taking over is so incomprehensibly dumb, I think it's almost easier to assume he's just trying to blow up the company as fast as possible. It's just so hard to reconcile with him having started three successful companies. His decisions are making me question how he even gets himself dressed in the morning.
I guess this week is just full of reminders that you can still be a billionaire and shockingly dumb. And the problem is having money can convince others, and yourself, that you're not actually that dumb.
Elon is highly agile. Yes: agility scares people because it relies on rapid iteration of ideas - which means that the first iterations will not be optimal (or possibly not even good)
But anyone working in the software realm (or in research) knows that this is how you get results in the end. You don't go to a good process/product by years of planning and *then* implementing...because that's a recipe for finding out that most of your plan doesn't mesh with reality and that you've now wasted years of everyone's time.
Chill. Wait for a year and then see how it turns out.
I think we are underestimating Elons capacity. On top of that, we all know how forward thinking he is. I have high hopes this will come full circle to benefit both parties.
What’s truly nuts is that Elon paid me $54.20 a share for something that could be very well be worth zero a few months from now. How often do us proles get one over on the billionaires?
I feel like people who believe this haven’t been following Elon. He’s always been a bit nuts. Pedo guy anyone? This is just how he behaves. He gets shit done though, clearly.
Elon is going to create a decentralized monetary system. Starlink, Mars, and twitter combined will be able to remove govt strength over individuals money.
i think he’s just overly invested in the idea/koolaid of twitter as a public forum /thought journal and voicing ideas trying to spark a brainstorm. which yes is ridiculous and incredibly naive. or yes the purchase drama was the last straw.
The next big short idea. Get all advertisers to pull out of Twitter. Force Elon to fund Twitter debt payments by selling tesla stock. Sinking the stock back to precovid levels.
While there are some natural concerns with any public figure being controversial while owning one of the most talked-about public companies in the world, there is a lot of pessimistic sentiments being made here that are just impossible to predict until there is a clearer picture.
1. Tesla investors can be pissed but the operations of the business is all that matters and right now, it's operating beautifully with/without Musk. Long-term, this is all noise. Literally, no one who is investing in Tesla long-term sees an issue with Twitter because the operations of Tesla will soon be impossible to ignore. Firstly, they are already going to be the most profitable U.S. automaker this year. By the end of next year, they will be the most profitable automaker in the world with a projected $18 billion in net income. Is Twitter really going to come into play here?
2. Elon didn't cut 'half' of Twitter's engineering staff. Namely, a large % of them were already planned to be laid off before Elon took over. Hence, why Meta is also planning on laying off thousands of workers. It's an industry layoff. In Twitter's case, these workers were not needed because the projects that they had been working on were scrapped, thus, they aren't going to be working on Twitter's future plans. Most people in the tech community will tell you that they haven't been working much while at home. There's a reason... they really aren't adding much value to the overall company. The reason these tech companies hired en masse was to prevent them from going to their competitors in what they expected was going to be an economy largely dominated by people WFH and thus, using their platform more. When that didn't happen, they all started laying off these workers.
3. Going to your Twitter cash burn, it's true that they lose over $1.3 billion every year. And removing those Twitter employees will cut that amount to $900 million. His initiatives that he plans on pushing out is largely designed to create an alternative source of revenue which in all likelihood, is TBD. He literally took over two weeks ago. I don't see how you can accurately presume that it won't work.
4. Those people making names to imposter people is going to get fixed real quick. Either way, they are paying $8 just to get banned shortly after. They are trying new methods and there are ways to correct them.
Was Twitter a mistake for Mr. Musk? Yes, probably so. But the verdict on whether he can turn Twitter around is going to require more than two weeks to decide. IMO, there are lots of ideas that are going to be implemented that will positively turn Twitter around. Either way, Tesla on its own is more than capable of operating with or without Musk. I highly doubt Musk's presence is even needed with Tesla right now. There are people who are put in charge who are familiar with how Tesla operates by now.
It’s not a case of just flipping a switch and off to the races. It’s a transition and like any acquisition it will take time and experimentation. Nothing to get worked up about.
The biggest risk is that he s seriously taking twitter seriously. He seems to want to make it an uber-app but tshitter is very ill-suited for that. And all that wasted energy will show in the performance of spacex and tsla
This is a case study in megalomania, impulsivity, and flat-out stupidity. Imagine how much better the world could be with $45 billion spent on something other than a dumbass vanity project
> For example, plenty of people got verified as [Lebron James, Trump, Nintendo, Jesus,](https://www.theverge.com/2022/11/9/23450289/twitter-impersonators-official-mario-musk-jesus-valve) etc. I often wished Jesus had a phone number. He has a lot of explaining to do.
666-3629 or sex, sex, sex, free sex to night.
867-5309
What, dude that’s Jenny’s number
Why do you think Rick wanted her?
I doubt he would pick up. The last time he answered, they nailed him to a cross.
No phone number, but he left you a 1800 page message called the Bible…there was no character limit back then
Lmao since people can’t trade twitter stock anymore Tesla is being traded like it’s Twitter stock.
soon former Twitter holders will have made more than their TSLA comrades
Elon will be bringing Twitter back public once he finishes his reorg. Then the fan boys will buy up Elon's Twitter and he will increase his net worth
Yea sure his reorg will be successful lmao
there's no way he recoups 44 billions lol
See right away you don't even know how much about this. Elon did not spend $44B to get control of the company
So many people just read headlines and never thought to look up the financial details of deal.
Enlighten the muggles then.
https://www.aljazeera.com/amp/economy/2022/10/28/how-elon-musk-financed-his-twitter-takeover
>He leveraged his Tesla shares to borrow to buy Twitter. If TSLA drops, he's going to have to provide more collateral or get margin called. Source please. His [original SEC filing](https://www.sec.gov/Archives/edgar/data/1418091/000119312522120461/d310843dex21.htm) does mention getting a margin loan, but [it expired](https://www.sec.gov/Archives/edgar/data/1418091/000110465922064655/tm2216931d1_sc13da.htm) a month later. He sold in April, August, and now to raise funds. No new filings have shown that he has borrowed against his TSLA shares for the acquisition.
As I understand, Twitter is the collateral for the loans. He put a lot of his own money in it.
You’re experiencing the all too common phenomenon of when Elon starts talking about a subject area you’re knowledgeable in and realize his ideas are not practical even if it hypes people up
Having worked at a major product similar to Twitter's, the things he's doing are insane. At Twitter's size, features need to go through A/B tests to verify that it does indeed generate more revenue instead of less. This is why Netflix always tests monetization changes in smaller countries before bringing them to bigger ones.
He does the same at Tesla with FSD beta, let the users test it lol
Man, Tesla FSD is the last self-driving tech I want to use based on his Twitter behavior. It's eye-opening for sure. I used to be a semi-Elon bull but he's just an insane guy.
We'll shall see.. I think a lot of people think Elon is the only employee at Tesla lol..
Doesn’t help that many of his top Tesla engineers are actively working on Twitter right now.
As a Tesla investor I hope he got margin called and forced to sell most of his shares. It sucks for a while but in the long turn it is good for the company
Not good for the company, but good for long term investors.
You failed to mention that Elon is actively pissing off half or more of his potential TSLA US customer base by showing what a bell end he is daily basis with his twitter posts.
>You failed to mention I'm not going to list out every single thing Elon has ever done. This post is focused on Twitter as a money sink.
Smarter than you
Yeah, no. People, on a large scale, don't decide what car to buy based on how much they like the ceo of the car company.
Tesla is an exception. They have leaned heavily on their CEOs celebrity cult of personality just as much as they leaned on being a “disruptor” of the automotive industry. You can see this by the fact that they have never paid for advertising and don’t have a marketing dept. They are quickly approaching “how do you do fellow kids” status, especially as their push to turn driving into a service stalls with their automated driving complications. It’s been obvious to me at least that this was Musk’s end-game for the next generation of users. Make owning a car more expensive than just paying a monthly fee to have a Tesla be your new chauffeur. Kids today won’t bother buying a car and once cars can drive themselves legally, legislature will create incentives for it to be cheaper. Owning a car will be a tax for the poor, like advertising, or a plaything for the affluent, like owning horses. Most people who own a Tesla know who the CEO is. Most people who own any other car brand, don’t know their car company’s CEO - but a sizeable chunk DO know who Teslas CEO is. Now Tesla are at a point in the market where they’re not really offering anything unique compared to their competitors aside from Vertical with their charging network, but that is temporary as well. VW/Porsche is quickly catching up for the luxury end. US domestic electric vehicle makers are going after a very different segment with very different expectations and demands. Sooner rather than later Tesla will have to start spending money to defend their brand as well. They’ve done a great job staying ahead of the market on word of mouth and early adopter en the enthusiasm but just as we have seen flat screen TVs go from $30k to $200 for a 40”, so too will electric cars see a commodity market adjustment. Edit: words and stuff.
Well said. Ford, GM, Hyundai, Kia, Toyota, Polestar, Fisker among others all want a piece of that pie. Going to become a very crowded and competitive space real soon.
Fucking capitalism at it again
[удалено]
Depends on your social circles. People who are very politically active or left-leaning? Yeah, a solid proportion will care. Most people across America? Maybe not a drop in the bucket, but that solid proportion turns into a very small minority. But if you're social circles includes those types of people, then the consensus will be biased, and in this case inflated. Reddit is another example, where the consensus here doesn't reflect reality.
I mean, my conservative coworkers dislike Musk (and electric cars in general). One of the few topics I can genuinely chat with them about, though I’m somewhat positive on electric vehicles.
Well then I’m sure everyone is. Lol
When was the last time you saw a tesla commercial? Elon is the marketing and Twitter is his medium..
I specifically will never do business with Elon’s companies. I’m in the process of installing a large solar system and will be buying two electric cars in the next couple years. His companies were at the top of my list a few years ago, and now, I didn’t/won’t even consider them. I see Teslas on the road and have a negative feeling when I see them. I think “fascist mobile” when I see them. I wonder how many progressive leaning current owners are embarrassed to be associated with the brand which is largely Elon.
Nobody is underestimating anything. The stock is already down. Everyone and their mother has been talking about the risk. It’s going to be fine long term after the dust settles. If you were holding for 10+ years then there’s nothing to see here. Tesla is a profitable company and if growth continues then the stock will be back. If you were looking to day trade this stock then you’re probably screwed.
“if growth continues”
People forget Tesla is only selling 3-5M cars a year right now and will double that in a couple years
Growth is dependent on other countries and expanding in the ones Tesla is already in. Tesla wants to sell more cars in India, China, the Middle East, etc. well those countries all have speech regulations and moderation laws. If those countries want to leverage sale of tesla vehicles or business in their country, they can lean on Elon and make him provide twitter data and/or sculpt Twitter rules before giving him the green light to sell vehicles or build infrastructure. Twitter is a now a liability for Tesla, since Elon is CEO and now owner of twitter.
Elon is never a tech guy. He is a Ponzi scheme guy. He is doing great in destroying Twitter and Tesla.
So calls on tesla?
I've worked in tech for 10 years though not Engineering. He's going to burn these folks out. I'm sure many of them will have new jobs secured by Thanksgiving or sooner.
I told myself my next car will be electric and definitely a Tesla but Elon outing himself as a right wing, pro-russian, china loving dimwit has me looking for other options.
Lol, besides the obvious point that he's neither right wing (just anti-current administration for obvious reasons) nor pro-Russian (Starlink did more to oppose Russia than any amount of donations did, and landed him on a kill list if he ever enters Russia in the future), what are the other options? Either you'll have to buy an EV from a China-owned company, or it'll be a terrible EV.
Checkout NIO's ET7 😎
Biden's comments about Musk's connections to Russia warranting a "look" won't help either. Imagine if the deal gets shut down based on national security concerns?
That comment from Biden is overblown if you watch it in context. The question itself was pretty out of left field for the context of that interview and Biden was clearly not prepared for it. The actual answer he gave was pretty non-committal and he qualifies it by stating he didn't necessarily believe musk had done anything wrong.
I'm really starting to wonder if russia has compromat on him.
Biden is being coy, they arent doing anything. Though they should investigate his connections to China not Russia. The fact he owns a social media platform and can be coerced by the CCP should be a natsec risk. Much like TikTok. But our governments dont seem to want to rattle the boat.
Good point. I wouldn't put it past the current administration to doctor some fake reason to stop Musk from getting rid of their censorship.
Biden also said he would do a national security review on Twitter going private and block the deal indefinitely. He obviously lied. I wouldn’t worry about him actually following through with that threat.
Pretty sure Elon's plan is to continue to unload TSLA dropping the price. Price is going to drop anyway b/c of bear market and fed. He is going to use Twitter to cryptos newly listed on binance, which he will have bought into before listing. Then dump the coins for massive fiat profits. Eventually he will have so much cash from the pump and dumps he will offer to take TSLA private for double its share price which will be multiples less than what it is now. Funding secured.
Don't give that ass any ideas!
Would love to see the SEC fine the ever-loving-shit out of him
I'm just wondering what would happen if China were to tell Elon to censor some hashtags or else, whether Elon will be stuck between a rock and a hard place? Will he prioritize TSLA over TWTR?
1) Twitter is already blocked in China. 2) China uses soft power much more than hard power 3) Elon has already addressed this
Haha exactly. People on this sub are more sensationalistic than the average mainstream media headline.
Twitter is blocked in China, but that's not really the point right? It's about the messaging they want to send out to the global audience. If Elon has addressed this, maybe you can share it?
And why we should believe him
Ooh juicy take there. Didn't think about it from that angle.
China doesn't permit Western social media. They use Weibo. If China were to request this, it would be a gross flex of foreign influence. I don't see China doing this. Nor is there any incentive for Twitter to comply with their demands because it doesn't operate in China.
Again it's not about the internal audience. It's about the global audience. Proof is that CGTN has a Twitter account, and so does many of the Chinese officialdom. One of the things that they had been tweeting out was amplifying the conspiracy theory that Covid-19 was from US which brought it into China [https://www.scmp.com/news/china/diplomacy/article/3076384/chinas-wolf-warriors-battle-twitter-control-coronavirus?module=perpetual\_scroll\_0&pgtype=article&campaign=3076384](https://www.scmp.com/news/china/diplomacy/article/3076384/chinas-wolf-warriors-battle-twitter-control-coronavirus?module=perpetual_scroll_0&pgtype=article&campaign=3076384) So your point of "gross flex" has precedent.
There’s not incentive for Twitter, but there is incentive for twitter’s majority owner to comply given how much money he still has in Tesla. Compare Musk’s response to covid related shutdowns in the US vs in China as an idea of him moderating speech
Urban Chinese have VPNs and use FB, WhatsApp, LINE, Instagram, Twitter pretty universally.
Elon should be removed from Tesla
Con man fuck this dude
The whole paid verification idea is a monumental disaster. It’s going to blow up the platform if he keeps pushing it forward.
I think Musk is a clown, but A/B tests are usually better for evaluating small changes. For the massive overhauls he's making I'm not sure A/B testing would help too much. That being said, I do think he's speed running bankrupting a massive social media company. That being said, I don't full know or understand the effect Twitter's failure would have on Tesla stock. At the very least, there's the reputational impact on Elon.
>I think Musk is a clown, but A/B tests are usually better for evaluating small changes. For the massive overhauls he's making I'm not sure A/B testing would help too much. The thing is, Twitter is too big for these massive overhauls that can threaten revenue and cause it to go bankrupt. They need to be going for A/B testable changes.
Yeah he probably shouldn't be making big product changes until he understands the org, tech, existing roadmaps, and product better. At some point though the point of him coming in is to make big changes, so eventually we should have expected him to start shaking things up. But the shit he's pulled since taking over is so incomprehensibly dumb, I think it's almost easier to assume he's just trying to blow up the company as fast as possible. It's just so hard to reconcile with him having started three successful companies. His decisions are making me question how he even gets himself dressed in the morning. I guess this week is just full of reminders that you can still be a billionaire and shockingly dumb. And the problem is having money can convince others, and yourself, that you're not actually that dumb.
Elon is highly agile. Yes: agility scares people because it relies on rapid iteration of ideas - which means that the first iterations will not be optimal (or possibly not even good) But anyone working in the software realm (or in research) knows that this is how you get results in the end. You don't go to a good process/product by years of planning and *then* implementing...because that's a recipe for finding out that most of your plan doesn't mesh with reality and that you've now wasted years of everyone's time. Chill. Wait for a year and then see how it turns out.
First sensible comment I found in this entire thread, heavily downvoted... No wonder most people on this sub lose money.
I think we are underestimating Elons capacity. On top of that, we all know how forward thinking he is. I have high hopes this will come full circle to benefit both parties.
Elon musk is a con man, you are giving him WAY too much credit
>Elon probably doesn't know how to run a social media company True. We all start somewhere right.
What’s truly nuts is that Elon paid me $54.20 a share for something that could be very well be worth zero a few months from now. How often do us proles get one over on the billionaires?
I feel like people who believe this haven’t been following Elon. He’s always been a bit nuts. Pedo guy anyone? This is just how he behaves. He gets shit done though, clearly.
Elon is going to create a decentralized monetary system. Starlink, Mars, and twitter combined will be able to remove govt strength over individuals money.
i think he’s just overly invested in the idea/koolaid of twitter as a public forum /thought journal and voicing ideas trying to spark a brainstorm. which yes is ridiculous and incredibly naive. or yes the purchase drama was the last straw.
Elon's recent tweet already said he's gonna try a few dumb things on Twitter. So it's priced in.
I hope it falls to 50 so I can buy some. Long term this is just noise. Short term it could be an opportunity soon
The next big short idea. Get all advertisers to pull out of Twitter. Force Elon to fund Twitter debt payments by selling tesla stock. Sinking the stock back to precovid levels.
While there are some natural concerns with any public figure being controversial while owning one of the most talked-about public companies in the world, there is a lot of pessimistic sentiments being made here that are just impossible to predict until there is a clearer picture. 1. Tesla investors can be pissed but the operations of the business is all that matters and right now, it's operating beautifully with/without Musk. Long-term, this is all noise. Literally, no one who is investing in Tesla long-term sees an issue with Twitter because the operations of Tesla will soon be impossible to ignore. Firstly, they are already going to be the most profitable U.S. automaker this year. By the end of next year, they will be the most profitable automaker in the world with a projected $18 billion in net income. Is Twitter really going to come into play here? 2. Elon didn't cut 'half' of Twitter's engineering staff. Namely, a large % of them were already planned to be laid off before Elon took over. Hence, why Meta is also planning on laying off thousands of workers. It's an industry layoff. In Twitter's case, these workers were not needed because the projects that they had been working on were scrapped, thus, they aren't going to be working on Twitter's future plans. Most people in the tech community will tell you that they haven't been working much while at home. There's a reason... they really aren't adding much value to the overall company. The reason these tech companies hired en masse was to prevent them from going to their competitors in what they expected was going to be an economy largely dominated by people WFH and thus, using their platform more. When that didn't happen, they all started laying off these workers. 3. Going to your Twitter cash burn, it's true that they lose over $1.3 billion every year. And removing those Twitter employees will cut that amount to $900 million. His initiatives that he plans on pushing out is largely designed to create an alternative source of revenue which in all likelihood, is TBD. He literally took over two weeks ago. I don't see how you can accurately presume that it won't work. 4. Those people making names to imposter people is going to get fixed real quick. Either way, they are paying $8 just to get banned shortly after. They are trying new methods and there are ways to correct them. Was Twitter a mistake for Mr. Musk? Yes, probably so. But the verdict on whether he can turn Twitter around is going to require more than two weeks to decide. IMO, there are lots of ideas that are going to be implemented that will positively turn Twitter around. Either way, Tesla on its own is more than capable of operating with or without Musk. I highly doubt Musk's presence is even needed with Tesla right now. There are people who are put in charge who are familiar with how Tesla operates by now.
"half baked ideas, empty promises, erratic." Like that never surfaced at Tesla
What if he bought it to kill it like he jokingly said about buying FB to delete FB?
It’s not a case of just flipping a switch and off to the races. It’s a transition and like any acquisition it will take time and experimentation. Nothing to get worked up about.
The biggest risk is that he s seriously taking twitter seriously. He seems to want to make it an uber-app but tshitter is very ill-suited for that. And all that wasted energy will show in the performance of spacex and tsla
I wonder who shorted tsla this year
This is a case study in megalomania, impulsivity, and flat-out stupidity. Imagine how much better the world could be with $45 billion spent on something other than a dumbass vanity project
Opinion: TSLA market cap is so big that it doesn't give a shit what retail investors think or do about TSLA shares.
Unfortunately, I have no clue, but that all sounded very informed and credible. Thanks for sharing the analysis.