Cont: Musk buys Twitter II

The Great Zaganza said:
We are now in a Limbo until January, in which Musk will start planning how he will Fix Everything, and give a running commentary on Twitter about it. This is almost certain to alienate everyone, including Trump, making him a persona-non-grata before the second Trump Term even starts.
RFK jr. might be a bit smarter about it, but the result will be the same: Trump will not be able to tolerate these kind of personalities who think of themselves on par or above Trump.
Just like in the First Term, expect a lot of turnover.
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Disagree - Trump will have learned his lesson, THIS time he will only hire the best people....
 
The Great Zaganza said:
We are now in a Limbo until January, in which Musk will start planning how he will Fix Everything, and give a running commentary on Twitter about it. This is almost certain to alienate everyone, including Trump, making him a persona-non-grata before the second Trump Term even starts.
RFK jr. might be a bit smarter about it, but the result will be the same: Trump will not be able to tolerate these kind of personalities who think of themselves on par or above Trump.
Just like in the First Term, expect a lot of turnover.
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Trump is a people person!

....he goes through more people than any other ten presidents combined!
 
The Great Zaganza said:
We are now in a Limbo until January, in which Musk will start planning how he will Fix Everything, and give a running commentary on Twitter about it. This is almost certain to alienate everyone, including Trump, making him a persona-non-grata before the second Trump Term even starts.
RFK jr. might be a bit smarter about it, but the result will be the same: Trump will not be able to tolerate these kind of personalities who think of themselves on par or above Trump.
Just like in the First Term, expect a lot of turnover.
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The first time I've seen RFK being described as "cleaver" than anything other than the deceased worm in his head
 
Orphia Nay said:
They will definitely clash. Trump has said he'll cut back funding for EV manufacturing.
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How much of that funding is Tesla getting?

Electric Vehicle and Fuel Cell Electric Vehicle Manufacturing Grants
The U.S. Department of Energy (DOE) Office of Manufacturing and Energy Supply Chains (MESC) provides grants of up to $500,000,000 for the domestic production of hybrid, plug-in electric hybrid, plug-in electric drive, and hydrogen fuel cell electric vehicles and components through the Domestic Manufacturing Conversion Grants Program. A minimum 50% non-federal cost share is required. Funding will prioritize projects that address the conversion of manufacturing facilities that have recently ceased operation or will cease operation in the near future.
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Michigan factories get majority of federal grants to hasten transition to electric vehicles

Ford Receives a Sweet Deal From Biden to Build 3 Battery Factories

GM, Stellantis Get $1.1B in DOE Grants To Convert Plants To EV Production

DOE floats $3B to boost EV, grid batteries
The Department of Energy on Friday announced $3 billion for projects to bolster the electric vehicle and grid battery supply chain, from mining to recycling.

The 25 projects target one of the biggest challenges facing battery manufacturing: China’s dominance over raw materials and metals needed to build clean energy projects. The grants support retrofits and construction of domestic facilities for mining and battery production and reuse...

Republican presidential candidate Donald Trump and Republican allies in Congress are pledging to repeal parts of the IRA if they win at the polls in November...

Among the recipients are companies wanting to use technologies to extract lithium from brine. SWA Lithium, a joint project between Standard Lithium and Equinor, received $225 million to move forward with a commercial-scale direct lithium extraction project in Arkansas...

A separate $225 million grant was awarded to TerraVolta Resources, which is poised to use direct-lithium extraction technology in the Texarkana region.

The grants will also benefit lithium processing projects. Albemarle received $67 million to retrofit a facility to make lithium anode batteries in North Carolina.

The funding announcement marks a boost for the first critical minerals project the Biden administration opted to fast-track through a special permitting process. DOE awarded a $166 million grant to South32 Hermosa, which is building a $1.7 billion underground manganese and zinc mine and processing plant in southern Arizona.
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Trump vows to pull back climate law’s unspent dollars
Donald Trump pledged Thursday to rescind any “unspent” funds under the Inflation Reduction Act should he be elected in November...

Trump’s formal threat to the climate law will likely only underscore the urgency for the Biden administration to get money from the law out the door. And it ups the ante in the ongoing debate among Republicans over how to address the law that is already bringing projects and investment dollars to GOP districts, should they gain control of both houses of Congress.

Trump did not specify which IRA programs he would target. Some Republicans in Congress have criticized the law’s funding for green banks and other programs while other GOP leaders have expressed support for maintaining some IRA tax credits that support manufacturing. And Trump’s former trade adviser Robert Lighthizer has suggested that some of the law’s provisions, like those that support U.S. factories, could be kept in place under a second Trump administration.
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From what I am reading, whatever the hell he does in the Trump adminsitration is going to be a part time job anyway.
 
 
Andy_Ross said:
Musk’s Twitter gamble paid off. 44 billion now looks like a bargain. A drop in the ocean compared to what he stands to earn over the next 4 years.
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No. I don't see that.

First, he didn't buy Twitter deliberately. Second, Twitter makes money from advertising. There's no reason why the advertisers are going to come back. Third, Tr*mp is just as much a grifter as he is. Musk is likely to get screwed over by Tr*mp.
 
jeremyp said:
No. I don't see that.

First, he didn't buy Twitter deliberately. Second, Twitter makes money from advertising. There's no reason why the advertisers are going to come back. Third, Tr*mp is just as much a grifter as he is. Musk is likely to get screwed over by Tr*mp.
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Um- he didn't buy the 'place of twits' deliberately???

It was a over 30 BILLION dollar purchase- I notice if a $1 fee is taken from my bank account- I'm sure that even he would have noticed a 30 billion dollar 'extra he hadn't bought' lol

Or did he accidentally 'bum dial' its purchase when sitting down one day???

(and the 'POT' has seen a huge exodus of advertisers- many if not most who deal with anywhere except the US are wanting to distance themselves from it as much as possible)- its not a good look having your company name splashed right alongside a bunch of far right fascist, racist and sexually discriminatory posts- which is pretty much all thats left in there...

And outside the US Tesla itself is feeling 'the love'- with consistantly falling sales figures (while other manufacturers sales are increasing)- who would a thunk that outing yourself as a far right fascist lover would hurt sales of EV's (a market favoured by the left)- maybe he thought all those 'good old texan boys' rolling coal with flags all over them would trade in their 'dino burners' for cybertrucks lol...
cb36055c-bcc4-436f-90e2-56dfac78fce2_1920x1080.jpg

As if trump would be caught dead in an EV lol- he hates them (along with anything else 'green') with a passion...
 
Dabop said:
Um- he didn't buy the 'place of twits' deliberately???
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Yes and no? More specifically, by the look of it, he was basically being a dumbass. At some point, he decided that it'd be a great idea to buy a large portion of Twitter's shares, then to make lots of noise about buying Twitter for waaaaaaaay more than its value and signed a contract to do so. I wouldn't be surprised if he was under the influence of drugs again when he signed such, frankly, but chances are pretty good that all that stuff about buying Twitter was more intended to manipulate the stock price so his shares would be worth much more. Later, he fought to get out of the contract on spurious grounds so he didn't actually have to go through with buying Twitter or paying an extremely expensive penalty for breaking the contract and lost in court. Having lost, he was left with the options of either following through with the contract or paying the penalty for breaking it and chose the former.

Hence, the claims that he didn't actually intend to buy Twitter.
 
Minor correction--he never had the option to pay the termination fee. It would only have been paid if the deal fell apart due to external factors.

His options were to fulfill the contract, or be forced to fulfill the contract.
 
mumblethrax said:
Minor correction--he never had the option to pay the termination fee. It would only have been paid if the deal fell apart due to external factors.

His options were to fulfill the contract, or be forced to fulfill the contract.
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Fair enough. Thank you for the correction.
 
Aridas said:
Yes and no? More specifically, by the look of it, he was basically being a dumbass. At some point, he decided that it'd be a great idea to buy a large portion of Twitter's shares, then to make lots of noise about buying Twitter for waaaaaaaay more than its value and signed a contract to do so. I wouldn't be surprised if he was under the influence of drugs again when he signed such, frankly, but chances are pretty good that all that stuff about buying Twitter was more intended to manipulate the stock price so his shares would be worth much more. Later, he fought to get out of the contract on spurious grounds so he didn't actually have to go through with buying Twitter or paying an extremely expensive penalty for breaking the contract and lost in court. Having lost, he was left with the options of either following through with the contract or paying the penalty for breaking it and chose the former.

Hence, the claims that he didn't actually intend to buy Twitter.
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It seems clear he bought it accidentally with hubris, but one thing is certain.
His purchase dramatically changed the political landscape, and may well have won the election for Trump. This is a long form argument I could go into.

For the record, since 1 November his Tesla shares have increased by 45 billion dollars in value, so the cost of X is arguably irrelevant now.
 
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