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 believe the appropriate thing to say to Elon here is, “go fuck yourself.”
Let me be very clear 👌go fuck yourself 👌
👎 𝓰ℴ 𝒻𝓾𝒸𝓴 𝔂ℴ𝓾𝓇𝓼ℯ𝓵𝒻, 𝓮𝓁𝓸𝓃 🖕
Let me say it in Italian American
gestures wildly with hands with each word
“Why dont yos go fuck yoself, motha-fucka!”
Interesting 🤔
I nominate Steven Ogg for the task.
💩
Free market capitalism will say to let it fail.
Big if true.
BIG
*if true
if (mode(FREE_MARKET_CAPITALISM) == TRUE) { big(); }You don’t need
" == True"except if it’s the name of a variable that’s not boolean, in which case it wouldn’t make sense to name it “True”.-1
Some languages have nullable booleans where evaluating them directly may lead to errors. An example is PowerQuery M, which is designed for data queries and transformations, where “no value” may be distinct from “false”.
The syntax of the example most definitely isn’t M, but I’m just saying, such languages exist.
You do realize this is a joke, right? That this is not a programming community, so a little clarity of said joke may be beneficial?
Sometimes it’s better to go with the flow, and not overthink things. 😊
I know I’m just a big nerd 😆
You do realize that was a joke?
This guy ifs.
Maybe, or they else.
Why not both?
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Oh that’s okay they’ll make an exception for him. He’s too rich.
HATERS will say it’s fake
If he sells enough Tesla stock, he may save both companies!
Under rated comment
Except I’m not sure what he is planning will save Twitter
Agreed, I just cant tell if extreme ineptitude for a tech bro ceo or intentional.
I have to give Musk credit. At least he help narrow my car buying decision to know at least one brand that I’ll never buy.
There are many reasons to avoid Tesla, regardless of Musk. The complete lack of independent repair was my deal breaker, but you’ll find your own. Their competition is looking pretty good these days, too.
He also removed an option for home battery storage solutions for me.
I was talking with a solar company about a solar install with battery storage last year, and they only offered the Powerwall as an option. I literally laughed at them and said there was no way I was tying an enormously expensive piece of home infrastructure to Tesla, because they couldn’t guarantee it’d keep working if Tesla decided to shift direction.
Super Helpful!
Let that sink in.
What an unfunny dipshit. He actually thought that was clever.
It is clever, he told everyone up front that he was there to sink the company.
I thought that actually was the joke of this stunt, and he was being sarcastic. Was that not it?
I think it was originally supposed to be “let that sink in” so they let it in.
But, yeah unless there’s some kind of 5D chess that I’m not seeing, he is sinking it.
Maybe since he’s full MAGA now, he’s merely decided he’s tired of winning.
It might’ve been funny if he was remotely likable. Turns out that humor depends highly on not being an asshole.
Nah, the problem is there’s just nothing humorous about it. Not even Robin Williams could’ve made that bit work, and everybody loves him. (RIP)
I thought everybody loves Raymond?
His abusive wife clearly doesn’t .
We should at least Love Lucy.
I actually don’t care for Robin Williams. I don’t actively dislike his stuff, I just find his humor off-putting. Good Morning Vietnam was OK.
Look at his smile, he’s so proud. As if he just invented the concept of the pun. “You get it guys? Sink in, but it also means, like, a sink you can wash your hands in? So funny. Hysterical. Guys, please laugh.”
Yeah, he is sinking it.
That’s because it is almost exclusively tied up in his various corporate holdings that include everything from rocket builder SpaceX and brain chip company Neuralink to his latest startup, xAI.
None of these investments are easily fungible. Only Tesla is a publicly traded company. So the easiest solution at his fingertips is to liquidate a portion of his remaining 12% stake.
Let it fucking burn.
Stop buying Teslas! Many other great or better EV choices out there.
Are there? Last I’d heard other options either didn’t have infrastructure to charge vehicles on long trips and / or took too long to charge.
I really haven’t looked into this so please just take this as a genuine question, and if you do have suggestions on other EVs I’d be curious what they are even though I’m not really in the market for one right now.
I’ve no complaints about the 2020 Ioniq. Road trips we’ve taken have all had more than adequate chargers, but contextually this is Vancouver Island/Lower Mainland/Gulf islands and they government definitely had a hard-on to put in as much as they could a few years ago, so finally ownership density is starting to catch up a tad now, but new chargers seem to appear all the time.
Nothing beats just being able to charge at home though.
Last I’d heard other options either didn’t have infrastructure to charge vehicles on long trips
Literally isn’t an issue going forward. Other EVs can use Tesla chargers.
“Going forward” is actually “not quite yet” for most non-Te sla manufacturers, unfortunately.
You can still use Tesla superchargers with other cars, you just need an adapter.
Most major brands are going use the Tesla plug from 2025 onward in North America.
A lot of the stations have the MagicDock adapters now too, so you don’t even need to bring one.
We have been waiting for our free MachE adapter now for …checks email… 5 months. Apparently we’ll have it by September 2024.
I knew they did a trial run of it somewhere in like Norway or Scandinavia or something but didn’t know it went anywhere. Good to know that there are better options
Rivians seem to be (a) popular, and (b) getting much better reviews than the Cybertruck. So if you’re truck hunting, that’s a good option.
Didn’t the industry recently standardize on the Tesla connector, though? Wouldn’t that mean you could charge at any Tesla station?
- https://www.plugshare.com/
- https://www.electrifyamerica.com/
- https://afdc.energy.gov/fuels/electricity-locations#/find/nearest
These aren’t Tesla specific.
Didn’t the industry recently standardize on the Tesla connector
Most of the industry announced that they will standardize on NACS. I believe they expect to actually do it over 2025-2026. That’s not far off but it’s not now.
I just got back from a 1,200 mile road trip and the Tesla Superchargers were plentiful, fast, easy. The first was at a mall, where the car was done charging by the time we found the food court.
I suppose I can’t really comment on other brands, except the one time I tried, I didn’t have the right adapter.
Rivians seem like great technology and styling, however they’re on their first pair of high end vehicles. They’ve announced more reasonably priced models that could be built in higher quantity but they’re not selling them yet. I suppose that does compare with Tesla only selling “Foundation Series” trim level but the difference is those are intended to have a lower cost trim
Not many, unfortunately. Hopefully there will be.
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.
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, after 10 seconds of thinking it would be clear that a company that made about $46bn in the last four years can’t just pay out more 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.
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.
Why is this news…
Some rich guy might do something that doesn’t really change anything for anyone.
Because it will affect Tesla’s share price (negatively), just like it did last time, and Fortune’s job is to report on things that affect share prices.
There is also a public interest element, because Musk is currently the richest man on earth - which affords him massively undue power and influence - but he won’t be if he manages to crash the Tesla stock price with a massive sell-off.
Tesla is exceedingly overvalued right now which makes it a very volatile stock. We already saw the price crater the last time he sold stock to keep Twitter afloat, and it only really recovered when he pinkie swore not to do it again.
Tesla is exceedingly overvalued right now
Always has been
Oh, I’m not implying that it was ever valued correctly. I’m saying that it’s gone from “overvalued” to “exceedingly overvalued”.
It always has been
Not to mention that if he sells enough Tesla shares he could lose majority control of it. If that happens and enough shareholders band together they could force all the Elon sycophants off of the board of directors, then the new board could force him out as CEO.
A lot of shareholders have drunk the Elon kool-aid tho, look at the recent shareholder vote about Elon’s ridiculous pay package.
There’s a lot of true believers that treat it like a meme stock and don’t look at the fundamentals.
It’s going to go down eventually, but it might take longer than you’d expect based on the numbers.
100%. Tesla shareholders are an almost entirely irrational market. Turns out buying into a stock that over-priced does not self-select for a healthy ability to assess risks.
So only good things.
I understand the aversion to Musk coming out as a horrible human being, but Tesla is still pivotal to the EV industry. Or maybe we get a twisted view of reality in the US, but most EVs sold are still Teslas and teslas are arguably the cheapest, most compelling EVs available for sale.
- Legacy manufacturers have always resisted the newer technology, and when they finally invested the money, took the first opportunity to step back away from them.
- Rivian and Lucid have exciting technology and styling, and the opportunity to take the lead with compelling EV but are still too young. Neither have yet released a car that they can sell in volume. Remember all the stories of Tesla almost going bankrupt trying to scale up the model 3? They still need to get past that.
- GM seemed to have a lot of promise but took a few years off from EVs, and really flubbed the new releases, so are returning their focus to ICE vehicles
- Ford had a great strategy but too much dealer resistance and profiteering. No one is buying a car that starts off much more expensive than comparable models, has huge dealer markup, and salesmen steering yu away. They’re a good argument for Tesla’s approach of selling direct
- does vw sell any EVs in the US? Technically I guess there are Porsche and Audi EVs, for the well off.
- Toyota and Subaru compliance models aren’t even a blip
Is Hyundai/Kia our only hope if Tesla has problems? They’re coming in strong with relatively inexpensive and compelling models, but somehow always fly under the radar. For anyone understanding the importance of the technology shift from ICE to EV, we need Tesla
I think this is a culture difference. In Canada Hyundai and Kia are everywhere (at least around the GTA). Probably a third of the cars I regularly see on the street. Definitely not flying under the radar.
It could result in people that work for Tesla losing their jobs.
Profits stolen by Musk, that do not get reinvested into Tesla, are wasted for unnecessary and or harmful labour time and infrastructure (political advertising etc). Tesla workers produced those profits and now the products of their life-time gets wasted by decision makers like Musk Tesla workers have little power over.
Potential Tesla stock price crash aside - if he sells enough stock, the company will be less associated with him and people on the left (you know, people who actually WANT EVs and not coal rollin’ pickup trucks) would be more likely to buy Teslas again. Because to be fair, they do make some damn awesome powertrains (and attach an aerodynamic smart fridge to it unfortunately, but eh, you can’t have everything all at once, now can you)
Twitter used to be very widely used.
Tesla, at least in the US is by far the biggest EV manufacturer
They’re both a pretty big deal and he’s well on his way to wrecking one: we hope it’s not both
2 4 1 deal, how to trash 2 companies at once. Good job space karen!
Could he sell all of it? And then completely fuck off? br, tesla (car) owner
Who would buy it now, though? It can’t have much value left. (Edit: Twitter. Not talking about Tesla, that’s a whole different arc.)
Judging by the used car online sites, it has about as much value left as any other car with similar age and kilometers. If I had to buy a car right now, I’d probably take a hard look at the alternatives. But they’d have to actually be better, I usually make car purchase decisions based on the qualities of the car.
Although Musk is certainly trying to make such principles difficult.
Good thing my car is new enough that I don’t have to make this choice for several years. Perhaps the competition will have caught up by the time I need to get a new one.
Competition has exceeded tesla. I recently got BYD Seal, and it is better than the equivalent priced tesla
I’m glad it worked for you. Things will have to change a bit globally that I would consider a BYD.
Oh right, perhaps already I don’t make purchase decisions purely based on the qualities of the car :)
I figures it was a simple calculus, especially since BYD is the OEM that supplies parts for many of the other brands, especially the batteries.
I’d rather benefit from that status than support a egotist like Musk. Besides anywhere outside America the Teslas are made in China, just like the BYDs 😆
Berlin disagrees.
I’d rather benefit from that status than support a egotist like Musk
Have you looked at what your money would support, buying from BYD? If part of your decision is who profits, both choices are horrible and you could argue Musk I less horrible. This is one of the reasons I try to keep that out of my decisions.
I’m in the very very early stages of ecar research. Mind helping me and share what features or data make the BYD Seal better than a Tesla?
The price of used Teslas has nothing to do with the value of Tesla stock.
Intel’s stock dropped from $50 to $20 over the last year, but their processors still cost the same.
Yeah. I’m more worried about repairability etc.
It’s still a car company with factories in multiple countries and pretty much the best battery tech and the best charging network. If they get bought by an established car company, they keep building the model 3 and Y cars while fixing the production issues there’s still a lot of value there. You just need someone in charge that doesn’t spend their days shit posting.
I … uh… was talking about Twitter…
Oh yeah, Twitter probably has a negative value with all the debt Musk loaded onto it to buy the company (it’s crazy that that’s legal).
Maybe if he was smart, he’d just give up on the social network and sell it off to someone else. But he’s not smart, so he’ll keep sinking money into it until cooler heads in the company prevail. The era of social media dominance, I’m sorry to say, is over.
He’ll definitely keep it until after the election at least.
Don’t be sorry, that’s amazing and awesome! Social media was internets biggest mistake. It going down is great. It dragging the shit clown Musk with it is an absolute cherry on that cake
I seriously think his decision to brand it “x” was to protect the name “twitter” from his unpopularity and inevitably devaluation of the platform.
I would agree except for two things.
- He’s shown hes not that savvy.
- The X thing has long been a dream of his.
https://www.theverge.com/23814989/elon-musk-banking-x-paypal
You’re sorry to say?
Yeah, I was about to say, good riddance.
“A recent decision to sue them for heeding his own advice to not buy ads on the platform hasn’t helped.”
Gotta love it. He told advertisers to fuck off, they fucked off, now he’s even more mad at them.
I really wanna spite my face… maybe I’ll cut off my nose…
From this article:
Ferguson based his assessment on internal second-quarter figures recently obtained by the New York Times. According to this report, X booked $114 million worth of revenue in the U.S., its largest market by far. This represented a 25% drop over the preceding three months and a 53% drop over the year-ago period.
From when he bought twitter:
Mr. Musk has set some ambitious goals for Twitter, which he has said he will transform into an “everything app” called X. In presentations to investors about the deal this spring, he said he anticipated that Twitter would reach annual revenue of $26.4 billion and have 931 million users by 2028.
Uhh, not even close Musk. I guess he still has 3 years and 4 months to turn it around though. lol. I was told this man was a business genius.
I was told this man was a business genius.
Was the person who told you that Elon Musk?
Not just Elon, also people paid by Elon. And lots of people on the internet!
He would know, he’s a genius himself!
“Everything app”?
Everything but successful.
In Elmo’s defense, racists, Nazis, bots, white supremacists, Christian Nationalists, and feline feces are technically in the subset of “everything”.
Yes, he wanted to turn it into “we chat” for the rest of the world. How’s that going?
Whats interesting is the NRA spent billions in TV propaganda running a news channel and that venture ended up bankrupting the whole organization. It looks like musk is falling in the same trap
