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Merged Musk buys Twitter!/ Elon Musk puts Twitter deal on hold....

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8enotto said:
Tesla could be saved by making an economy version that lose some luxurious features, reduces the exclusive aspect in service and charger options.
Make a cheaper urban model for city use.
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He could call it the Model T, if that hasn't already been taken.
 
8enotto said:
Tesla could be saved by making an economy version that lose some luxurious features, reduces the exclusive aspect in service and charger options.
Make a cheaper urban model for city use.

Then it could easily compete with the others coming in for a while longer.

Twitter needs leadership and set goals again to be attractive to users. It also needs support staff that aren't using forced overtime for writing resumes.
No telling if musk can step back and save that one. I doubt he is capable of letting others run that.

Kind of related, Meta is a disaster. That has gone the wrong direction too long, nobody but Mark is really thinking it can work as he wants.
It's all about how to bail out at minimum loss of investment.
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That's been Elons plan all along. They'd continuously roll out cheaper and cheaper cars for the masses. Scaling up production to get there, competing against the world's major car manufacturers, and still turning a profit, is a lot easier said than done.
 
jeremyp said:
They won't go to worthless. After all, Tesla is a car company and it makes a fair number of cars. It does have some intrinsic value.

But it does mean that Musk's collateral will decrease in value which is the kind of feedback loop he probably wants to avoid.

Well they are clearly not the same thing. In a margin call on a loan, the debtor has two options. They can either increase their collateral or they can reduce the size of the loan. The latter only involves selling shares if there is no other way to raise the money.

The huge sell off in the tech sector is already happening. Look at what has happened to Meta's stock since the beginning of the year from over £300 to just over $100. This is the main reason why Musk was trying to get out of the Twitter deal: Tesla stock was on its way down anyway (actually, Tesla is not a tech company any more than any other car manufacturer, but it is perceived as such).
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Sure, it will have some intrinsic value. But, their PE ratio is around 56... For comparison Fords is about 6 right now. It could fall a long, long ways. If they fell all the way to book value they'd be around $13 a share.

I don't believe Elon has any other way to raise billions except perhaps selling SpaceX.
 
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Looks like Twitter has lost Elton John (as well as other celebrities). Musk even went through the trouble of responding to his complaints too...

From: BBC
Sir Elton John has become the latest celebrity to leave Twitter since its acquisition by Tesla boss Elon Musk. The singer... blamed the platform's "change in policy" around misinformation... Twitter's controversial CEO, who began referring to himself as the company's Chief Twit after buying it, replied to the post saying: "I love your music. Hope you come back. Is there any misinformation in particular that you're concerned about?"

Of course, asking "what misinformation are you concerned about" is a rather... loaded question. You don't have to be concerned about anything in particular to be worried about future problems. (Although I am sure anyone could find plenty of examples of "misinformation" on Twitter relatively easily. But then it becomes a case of wack-a-mole.)
 
Segnosaur said:
Of course, asking "what misinformation are you concerned about" is a rather... loaded question. You don't have to be concerned about anything in particular to be worried about future problems. (Although I am sure anyone could find plenty of examples of "misinformation" on Twitter relatively easily. But then it becomes a case of wack-a-mole.)
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It was a rhetorical question. With John having left Twitter, Musk will never receive a direct answer to his question, which has rhetorical value to Musk and his personality cult (the implied rhetoric being that there is no misinformation and Elton John's statement is propaganda rather than a legitimate complaint).
 
The Great Zaganza said:
Tesla is on borrowed time.
It made the most out of its first-mover advantage, but failed to establish itself in China,.India or with a production presence in Europe - the new German factory seems to be doing more or less nothing.
Now all the big manufacturers are in the E game and will continue to take Tesla's market share.
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Of course Tesla is going to lose market share. They had practically the entire EV market to themselves before others stepped in! They can only go down!

Tesla does manufacture and sells cars in China, Giga Berlin is ramping up for Europe.

Tesla still has the better part of a charging network, that is slowly opening up to non Teslas. Elon May be a Froot Loop, but Tesla is unlikely to go anywhere.
 
The Great Zaganza said:
…or with a production presence in Europe - the new German factory seems to be doing more or less nothing.
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From October:

“Tesla celebrates another production-related milestone at the Giga Berlin-Brandenburg plant in Grünheide near Berlin.

According to the company, the plant produced 2,000 Tesla Model Y electric cars in a single week. That's two times more than in mid-June when the company for the very first time crossed the level of 1,000 units per week.”

https://insideevs.com/news/613779/tesla-giga-berlin-2000cars-week/

Not exactly nothing.
 
Checkmite said:
It was a rhetorical question. With John having left Twitter, Musk will never receive a direct answer to his question, which has rhetorical value to Musk and his personality cult (the implied rhetoric being that there is no misinformation and Elton John's statement is propaganda rather than a legitimate complaint).
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Exactly.
 
I wonder how long Elon, Taibbi, Fox, and so on will keep trying to portray up as down with their "Twitter Files."

Okay, Trump recieved punishment. BIASBIASBIASBIAS UNEVIDENCED GOVERNMENT INTERVENTION* CENSORSHIP! Nevermind that Twitter long ago admitted that its algorithms favor right-wingers and Trump had violated Twitter's rules countless times without punishment. After Trump finally received a relatively mild rebuke in response to his successful attempts to stir up violence, it's so unfair that Trump received any consequence at all in the end. Unconscionable! PROOF of how discriminated against right-wingers are.

* - While Trump was still at the top.
 
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Fast Eddie B said:
From October:

“Tesla celebrates another production-related milestone at the Giga Berlin-Brandenburg plant in Grünheide near Berlin.

According to the company, the plant produced 2,000 Tesla Model Y electric cars in a single week. That's two times more than in mid-June when the company for the very first time crossed the level of 1,000 units per week.”

https://insideevs.com/news/613779/tesla-giga-berlin-2000cars-week/

Not exactly nothing.
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That was then. The goal was to make 5,000 a WEEK by the end of the year, and the fact that they stopped publishing numbers suggest that they are nowhere near that.
Meanwhile, there are issues with finding and retaining staff.
https://www.wired.co.uk/article/tesla-vacancies-staff-shortage-berlin
 
8enotto said:
Tesla could be saved by making an economy version that lose some luxurious features, reduces the exclusive aspect in service and charger options.
Make a cheaper urban model for city use.
Click to expand...
How?

The model 3 is already pretty spartan. I suppose they could halve the size of the battery pack and make a car that is substantially cheaper. If it were smaller and with only one motor, you probably wouldn't lose half the range, I guess and it would make a nice city car.

The trouble with city cars is that, we should be encouraging people to use mass transit in cities rather than just making the cars smaller.

Twitter needs leadership and set goals again to be attractive to users. It also needs support staff that aren't using forced overtime for writing resumes.
No telling if musk can step back and save that one. I doubt he is capable of letting others run that.

Kind of related, Meta is a disaster. That has gone the wrong direction too long, nobody but Mark is really thinking it can work as he wants.
It's all about how to bail out at minimum loss of investment.
Click to expand...

Zuckerberg is probably extremely happy about Twitter taking all the attention. Meta's share price is down and they've been forced to lay of more staff than Twitter had to begin with.
 
lobosrul5 said:
That's been Elons plan all along. They'd continuously roll out cheaper and cheaper cars for the masses. Scaling up production to get there, competing against the world's major car manufacturers, and still turning a profit, is a lot easier said than done.
Click to expand...

Has it? Their next two models are the Cybertruck which is not going to be especially cheap and the new Roadster which is going to be in supercar territory. There's no sign whatsoever of any new cheap mass market models coming out of Tesla. This is one reason I think it is doomed long term. They simply don't know how to make mass produced cars and they've been hamstrung by Dunning Kruger man.

Sure, it will have some intrinsic value. But, their PE ratio is around 56... For comparison Fords is about 6 right now. It could fall a long, long ways. If they fell all the way to book value they'd be around $13 a share.

I don't believe Elon has any other way to raise billions except perhaps selling SpaceX.
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I agree Tesla is at least ten times overpriced. But $13 is not nothing.

If Tesla goes down that far, it would be a huge headache for Musk and you are right: the only other asset of any real value he has is SpaceX. SpaceX is a private company so it's difficult to put a value on it.
 
Early this morning Musk tweeted: “My pronouns are Prosecute/Fauci”

To which Marlorie Taylor Greene replied “I affirm your pronouns Elon.”

This saddens me. What the hell happens to people?

I own a Telsa and applaud what he’s managed in the EV sphere, but Lord I hope Tesla can disassociate itself from him post haste.
 
Fast Eddie B said:
Early this morning Musk tweeted: “My pronouns are Prosecute/Fauci”

To which Marlorie Taylor Greene replied “I affirm your pronouns Elon.”

This saddens me. What the hell happens to people?

I own a Telsa and applaud what he’s managed in the EV sphere, but Lord I hope Tesla can disassociate itself from him post haste.
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So, this brings up a point. I get that a lot of people don't like Musk.

But is there a chance that while he is gifted, he is also saddled with mental illness? I feel like we often see this with creative people. Of course, there are studies on connections between creative types and mental illness.

Creativity and mental health
https://en.wikipedia.org/wiki/Creativity_and_mental_health

My own personal experience is with observing bipolar. Sometimes with manic states, creativity and output was through the roof. To an extreme. But also accompanied by "interesting" fixations or irrational behaviors.

I feel like Musk is in that category. I appreciate his contributions more than I focus on his flaws.
 
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Warp12 said:
But is there a chance that while he is gifted, he is also saddled with mental illness? I feel like we often see this with creative people. Of course, there are studies on connections between creative types and mental illness.
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That’s been seen in the chess world, i.e. Paul Morphy and Bobby Fisher. And in industry, think Howard Hughes. I’m sure there are many such examples out there.

Still, sad to see it playing out in real time.
 
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