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Old 12-18-2022, 10:00 PM   #2181
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Elon knew he wouldn't win this poll and had probably picked out the next CEO days ago.
Doubt he'll step down, It's just his quick way of identifying democrats to flag and eventually ban.
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Old 12-18-2022, 10:35 PM   #2182
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Maye Musk - the pride of Regina!

Every single snap decision by Elon shows he does no homework and doesn't have the braincells to connect the dots and is surrounded by yes men. The most basic in-house counsel or even compliance officer could have told him what happens if you try to skirt Apple's royalties on blue checks or the EU rules on information.

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Old 12-18-2022, 10:59 PM   #2183
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Yeah, except he fired all the people who know this. Id guess most of the senior people he listens to are people he brought over from Tesla.

Hes demonstrated thoroughly that hes a fraud. This notion that hes a genius has been completely shattered for a lot of people.

Hes played off his ASD and used that to help the ruse. No, hes just dumb as a potato, I maintain his only talent is access to capital.
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Old 12-18-2022, 11:09 PM   #2184
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Yeah, except he fired all the people who know this. I’d guess most of the senior people he listens to are people he brought over from Tesla.

He’s demonstrated thoroughly that he’s a fraud. This notion that he’s a genius has been completely shattered for a lot of people.

He’s played off his ASD and used that to help the ruse. No, he’s just dumb as a potato, I maintain his only talent is access to capital.
I've also come across a lot of debates regarding his degrees also being questionable and that he has lied about them in the past (BS in Physics versus the BA he received) but unlike Musk, I don't think one should post potential misinformation without being certain of it.

Here's one debate thread that has come up recently for the curious. As mentioned before, none of these have been established as fact.
https://www.reddit.com/r/RealTesla/c...s_lied_for_27/
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Old 12-18-2022, 11:09 PM   #2185
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Doubt he'll step down, It's just his quick way of identifying democrats to flag and eventually ban.
He will absolutely step down. You can tell he isn't enjoying being slandered everyday. If he can pass that responsibility on to someone else he is the type of guy that will do that passing the heat on to someone else.

That doesn't mean he won't be involved in key decisions and sell the company. He will just be taking heat off himself by having someone else put themselves in a position where they look like they are taking responsibility.
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Old 12-18-2022, 11:11 PM   #2186
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He will absolutely step down. You can tell he isn't enjoying being slandered everyday. If he can pass that responsibility on to someone else he is the type of guy that will do that passing the heat on to someone else.
Like Trump, Elon knows he needs a Mike Pence to get the shareholders to want to hang as a scapegoat.
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Old 12-18-2022, 11:27 PM   #2187
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He will absolutely step down. You can tell he isn't enjoying being slandered everyday. If he can pass that responsibility on to someone else he is the type of guy that will do that passing the heat on to someone else.

That doesn't mean he won't be involved in key decisions and sell the company. He will just be taking heat off himself by having someone else put themselves in a position where they look like they are taking responsibility.
It's not slander if its true. He's a child that can't take legitimate criticism.
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Old 12-18-2022, 11:56 PM   #2188
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It's not slander at all.

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Old 12-19-2022, 12:00 AM   #2189
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It's not slander if its true. He's a child that can't take legitimate criticism.
Okay. Doesn't change the fact tbh.

He's stepping down and has his new guy picked out to take the heat already.
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Old 12-19-2022, 01:45 AM   #2190
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I think he planned to be the face of twitter with the feeling that he'd be a hero with the general public cheering on his brash, crazy decisions, which would in turn up twitter's value.

When he found out that he was quickly being exposed as a sporadic clown, he understood that he needed to pivot. This is the pivot.
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Old 12-19-2022, 07:57 AM   #2191
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https://twitter.com/user/status/1604617643973124097

The bots have spoken. Now to find an engineer that wants to captain this train wreck. I predict the new CEO lasts less than a month.
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Old 12-19-2022, 07:59 AM   #2192
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If you go by the right-wing pundits, he's going to install some idiot moron like Ian Miles Cheong or Jack Psobiec or The Quartering to trigger the libs.

Which I'm sure will continue to reassure and placate advertisers.
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Old 12-19-2022, 08:29 AM   #2193
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Yup, there's no fine print here around putting in somebody who represents everything Musk isn't. If anything he's just going to install a patsy/sycophant that will let Musk be the Puppet Master.

You don't spend 44 Billion on a social media platform, try and recoup your costs in a panic, and suddenly change moral direction at the whims of an internet poll.

That said I do think any change might be generated from the extreme pressure he's probably receiving from the investors implosion of Tesla.
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Old 12-19-2022, 09:40 AM   #2194
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We also have the whole Jon Kay/Barbara Kay thing. She runs to his defense fairly often.

I hope that whomever is chosen to run things, they're not the same brand of nutter that Elon is, but I won't hold my breath, blue isn't my color.
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Old 12-19-2022, 10:19 AM   #2195
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Fake. Elon was born in a lab as a testtube baby. That's just an actress.
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Old 12-19-2022, 10:25 AM   #2196
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He will absolutely step down. You can tell he isn't enjoying being slandered everyday. If he can pass that responsibility on to someone else he is the type of guy that will do that passing the heat on to someone else.

That doesn't mean he won't be involved in key decisions and sell the company. He will just be taking heat off himself by having someone else put themselves in a position where they look like they are taking responsibility.
He can't help himself and we all know it, he might step down but he wont stop tweeting and he wont stop massively over reacting to everything so the new CEO won't really be in charge as Musk will publicly and humiliatingly announce that he's going to order the CEO to do what ever half arsed ill considered plan comes to his mind at 3am, any self respecting CEO will walk away after a month or two, we will go through 2 or 3 before he finds some broke desperate shlong sucker who will be happy to play his gimp, this in itself will do massively more harm to Musk's image and his fortune
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Old 12-19-2022, 10:33 AM   #2197
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I think you meant puppet but then again, who can be sure with Musk? I could legit see him appointing a puppy as successor.


We rejected his call.
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Old 12-19-2022, 10:42 AM   #2198
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I'm starting to think Elon mostly see's Twitter as critical infrastructure needed for Neural Link and that he accepted there would be multiple years of losses before he could start using Twitter for what he actually wants it for and was content to have a giant ####-around in the meantime.


Stuff like Neural Link and Meta are looking like dead-fish right now, but they have the potential for being trillion dollar industries and whoever figures it out first is going to win it all, which is why some of the richest men in the world seem to be content beggaring themselves in order to make it happen.
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Old 12-19-2022, 03:03 PM   #2199
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You're ignoring debt though, which is one thing that significantly differentiates Tesla from other auto companies and is a huge reason why they're valued more like a tech company (who tend to have lower debt).

A company with a $100B market cap and $200B in debt is effectively being valued similarly to a company with a $300B market cap and no debt. But just looking at P/E will show the latter company with a P/E that's 3x higher at a given earnings amount.

And that's basically the situation with car companies. Ford has a market cap of $52B, but they have $130B in debt. GM has a market cap of $55B, but $115B in debt. Volkswagen has an $84B market cap and $204B in debt. Meanwhile Tesla has a $474B market cap and only $6B in debt.

If you go by Enterprise Value (which considers cash and debt), then Tesla's value to earnings is only about 1.5-2X their competitors. Which I don't think is insanely out of line given their much faster earnings growth, their higher margins, and the fact that debt servicing costs have gotten significantly more expensive in the last 6 months (which will hurt the future earnings of high-debt companies).

The stock is still overpriced, but unless their sales or margins completely crater, I don't see how it would be a $30-40 stock.
You can't use mkt cap to compare debt, as mkt cap is a function of price. The higher the price, the higher the mkt cap, the better the ratio. So let's raise the price!

Also, debt matters, absolutely. But it's a question of the cost of the debt, as a function of earnings (as long as the debt is at reasonable levels). And the cost of that debt is already factored into the earnings (i.e. earnings are net of debt service).

TSLA makes about $3.25/share and is priced at $150, or 47 X earnings

VW makes over 32 Euro/share and is priced at 123 Euro, or 3.7 X earnings.

Each dollar of earnings (per share) that TSLA generates is being valued at 12 X what each dollar of earnings that VW generates is being valued at.

Saying they have less debt does not justify that.
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Old 12-19-2022, 03:26 PM   #2200
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https://twitter.com/user/status/1604012576811225088
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