Social WTF Elon ????????????????

[Thepaintbucket]

You realize his entire wealth is tied to Tesla's stock price, right?
He also didn't found SolarCity: he bailed it out as a favor to his relatives who led it toward bankruptcy (because their whole family is rich industrialists, despite his desire to be seen as an engineer). The company has been rapidly shrunk.

The dude is addicted to headlines and the disease of "serial entrepreneurism". He hasn't actually stuck with any of his prior companies an is a complete freakshow of a person.

What? Musk was one of the founders of paypal. Basically steered them in the right direction. When they sold the company to Ebay, Musk made 165 million from it. Then he took 100 million from the deal to help create SpaceX. He owns 54% of the company. The company is worth around 27 billion dollars at the moment. Yes he does own a large share of stock in Tesla but his entire net worth is not tied to it.

 

[brackis1]

Your ignorant with bias. How's that.

And I don't think Tesla properly valued. I never have. It has been way over valued based on the cult of personality built around Elon. I am not even sure ultimately if Tesla will survive as they strive to go truly mainstream. They may end up like bought out by a GM or other for pennies on the dollar.

But unlike you I don't have a short position so I am not illogically passionate about it and can give him credit where he is due. he is a FOUNDER of these various entities and the attempt to spin around that just shows how irrational hate makes people feel the need to deny anything and everything that might be perceived as a positive. He has been the biggest influencer on Electric Vehicles and had Tesla dies a few years back, before Elon went all-in with all his money when no other investors were writing cheques, much of the Electric car hype would have been put back in the box.

The reason why other manufacturers now feel the need to play catch up as Elon has proven the car can be built, at least to this stage reliably and consumers will buy it, even at a premium. the big manufacturers would have been very happy to not pursue this line and cost if no one else was. Tesla put them to the test of ignore it at your peril and they all scrambled seeing he might actually get enough money to complete this mission.

How am I illogical based on a short position?
You agree the company is overvalued.
Logically that would mean a short position is valid.
I showed you I previously had a buy position on the company. Why? Because I realized his cult shtick was working. I just think we're closer to it going up in flame than before.
You just threw a shitload of unprovable things at the window and congratulated yourself. Do you not understand how companies work? Of course he went in with his money; that's how he owns so much of the company. He didn't become 20% owner of a billion dollar company because someone awarded it meritocratically.
Still failing to grasp what your point is in all this: my position is that he is fraudulent and relies on promising hype projects, lacking credibility despite undeniable past business success and wealth.

 

[MikeMcMann]

Sure bud. How old are you?
In 2007 there were 181,000 Prius sold in the US alone on total car sales on 7.5 million.
That's 2.4% of all cars.
At its peak there was a huge waiting list and they sold 110k in a single month in Japan alone.
Tesla has about 250k in total sales over its lifetime in the US.

Read this article and tell me Tesla got auto manufacturers into the idea of batteries in cars.
https://www.nytimes.com/2009/06/13/business/global/13prius.html

The Prius was never the car that was driving other manufacturers to say 'oh shit we need to get into hybrids'.

They delivered their first cars to the road in 1997 in japan and no other market cared about the car. When they finally tried to bring it to the US it almost killed the Prius because no one cared. It was a too slow econo-box that appealed to a few hippies.

Finally, as you say around 2007 it started to gain traction, funnily enough as Tesla was making a ton of industry noise about their soon to be introduced all electric cars. These are separate categories BTW even if you want to pretend they are the same.

Tesla is what is driving Manufacturers to seek out all Electric cars. it is why a massive manufacturer like VW has a goal to go all electric. the industry may have got there eventually without Tesla but to deny Tesla spurred this is lunacy.

 

[brackis1]

What? Musk was one of the founders of paypal. Basically steered them in the right direction. When they sold the company to Ebay, Musk made 165 million from it. Then he took 100 million from the deal to help create SpaceX. He owns 54% of the company. The company is worth around 27 billion dollars at the moment. Yes he does own a large share of stock in Tesla but his entire net worth is not tied to it.

You're having trouble with comprehension here: his entire wealth is tied to the hyped up value of his companies. SpaceX and Tesla. His wealth is incredibly paper-driven with stock. Not diversified. If they failed he is worth very little comparatively. Do you not get my point? Musk needs these companies to succeeded or he is nothing, so skepticism is appropriate.

 

[MikeMcMann]

How am I illogical based on a short position?
You agree the company is overvalued.
Logically that would mean a short position is valid.
I showed you I previously had a buy position on the company. Why? Because I realized his cult shtick was working. I just think we're closer to it going up in flame than before.
You just threw a shitload of unprovable things at the window and congratulated yourself. Do you not understand how companies work? Of course he went in with his money; that's how he owns so much of the company. He didn't become 20% owner of a billion dollar company because someone awarded it meritocratically.
Still failing to grasp what your point is in all this: my position is that he is fraudulent and relies on promising hype projects, lacking credibility despite undeniable past business success and wealth.

Because either your response is an emotional one (you are pissed off or frustrated because the stock won't fall and you are hanging on your short) or you are dumb. And I do not think you are dumb.

But your denials reek of emotional replies like a chick in an argument (sorry ladies). You are lashing out at anything and everything Elon and do not want to give him credit for anything even his wealth outside Tesla. Nope to you its a zero. everything about him is a zero and you will discredit it no matter how wrong you are and how much the facts prove you are wrong. You just don't care. You are going to say it because you are emotional.

 

[brackis1]

The Prius was never the car that was driving other manufacturers to say 'oh shit we need to get into hybrids'.

They delivered their first cars to the road in 1997 in japan and no other market cared about the car. When they finally tried to bring it to the US it almost killed the Prius because no one cared. It was a too slow econo-box that appealed to a few hippies.

Finally, as you say around 2007 it started to gain traction, funnily enough as Tesla was making a ton of industry noise about their soon to be introduced all electric cars. These are separate categories BTW even if you want to pretend they are the same.

Tesla is what is driving Manufacturers to seek out all Electric cars. it is why a massive manufacturer like VW has a goal to go all electric. the industry may have got there eventually without Tesla but to deny Tesla spurred this is lunacy.

I laughed when you tried to imply Tesla in 2007 was the reason Prius got popular.
Seriously dude how old are you?
South Park made an episode about smug Prius owners in 2006. There are direct parallels to the smug toolbag Tesla owners of today.
https://en.wikipedia.org/wiki/Smug_Alert!

 

[Thepaintbucket]

You're having trouble with comprehension here: his entire wealth is tied to the hyped up value of his companies. SpaceX and Tesla. His wealth is incredibly paper-driven with stock. Not diversified. If they failed he is worth very little comparatively. Do you not get my point? Musk needs these companies to succeeded or he is nothing, so skepticism is appropriate.

I think you might be having trouble too. You should look into it.

Here let me help you out: Here is your statement: You realize his entire wealth is tied to Tesla's stock price, right?. His Entire wealth....Entire wealth...Entire wealth

Your statement is false as he has billions of dollars in another business. There is no need to blabber on. Just admit you are wrong with the highlighted sentence..

 

[JDragon]

Tesla > Daimler and Tesla > BMW in terms of market cap.* That's pretty impressive, and still people like to shit all over Musk and Tesla.

* I don't think Tesla can really be compared to the traditional OEMs, but that in itself is just amazing.

 

[brackis1]

Because either your response is an emotional one (you are pissed off or frustrated because the stock won't fall and you are hanging on your short) or you are dumb. And I do not think you are dumb.

But your denials reek of emotional replies like a chick in an argument (sorry ladies). You are lashing out at anything and everything Elon and do not want to give him credit for anything even his wealth outside Tesla. Nope to you its a zero. everything about him is a zero and you will discredit it no matter how wrong you are and how much the facts prove you are wrong. You just don't care. You are going to say it because you are emotional.

I'm emotional to the extent I'm wiping the floor using facts to respond to people making normative arguments about Musk's value to automotive technologies.

 

[brackis1]

I think you might be having trouble too. You should look into it.

Here let me help you out: Here is your statement: You realize his entire wealth is tied to Tesla's stock price, right?. His Entire wealth....Entire wealth...Entire wealth

Your statement is false as he has billions of dollars in another business. There is no need to blabber on. Just admit you are wrong with the highlighted sentence..

You're praying for a semantic victory here. SpaceX is a private extension of Musk's industrial grift. Is the Boring company another diversified interest? Nope. It's an incestuous pile of paper value that Musk is reliant upon.
SpaceX's most famous launch ever? A Tesla
Boring company's big hyperloop reveal? A Tesla
Why? Because it's all one giant Musk hype shtick and the only way he can monetize is through keeping Tesla salient enough to cash out there and gain investors for his other businesses, which currently lack funding outside of government contracts.

So once again: this man is entirely wrapped up in the stock value of the conglomeration he operates.
It's even backed by the same institutional investors and they're struggling to raise more funds in hopes of increasing their valuation.
https://www.forbes.com/sites/alexkn...on-to-go-to-the-moon-and-beyond/#46831ff75fe4

 

[west42]

Some people hero worship to the point of absurdity. It's weird. Like how all the tsla longs were laughing at the short side several months ago saying tsla was close to bankruptcy. Then elon confirmed tsla was within weeks of bankruptcy via twitter

I'm emotional to the extent I'm wiping the floor using facts to respond to people making normative arguments about Musk's value to automotive technologies.

 

[brackis1]

Some people hero worship to the point of absurdity. It's weird. Like how all the tsla longs were laughing at the short side several months ago saying tsla was close to bankruptcy. Then elon confirmed tsla was within weeks of bankruptcy via twitter

Yeah it's weird. I was short after the Rogan podcast, almost had my bet pay handily it turns out, then when it started to go up and I realized people still believe the guy, I became long. Now that the market is ready to tank/stagnate outside of the Tesla bubble, I'm short again because people won't have the free capital to make such stupid purchasing decisions.
From a month ago when things were peachy:
https://insideevs.com/tesla-model-3-budget-stretch-phenomenon/

 

[west42]

Ive always wanted to trade option on tsla, (got a lvl 2 acct with schwab) but its price is based so much on emotion and musk's bs'ing the media i never jumped in.

Yeah it's weird. I was short after the Rogan podcast, almost had my bet pay handily it turns out, then when it started to go up and I realized people still believe the guy, I became long. Now that the market is ready to tank/stagnate I'm short again because people won't have the free capital to make such stupid purchasing decisions.
From a month ago when things were peachy:
https://insideevs.com/tesla-model-3-budget-stretch-phenomenon/

]

 

[MikeMcMann]

You're having trouble with comprehension here: his entire wealth is tied to the hyped up value of his companies. SpaceX and Tesla. His wealth is incredibly paper-driven with stock. Not diversified. If they failed he is worth very little comparatively. Do you not get my point? Musk needs these companies to succeeded or he is nothing, so skepticism is appropriate.

that is not what you said so don't blame his comprehension.

And what you say is true of almost all entrepreneurs. Most are all in on their stock or company and see it as the best place for return. You are talking about Gates, Buffet, Bezos, Zuckerberg and so on and so on.

 

[west42]

If u shorted anywhere north of 340 you should be sitting pretty next earnings call.
Looks like the backlog of mod 3 demand is alnost gone

Yeah it's weird. I was short after the Rogan podcast, almost had my bet pay handily it turns out, then when it started to go up and I realized people still believe the guy, I became long. Now that the market is ready to tank/stagnate outside of the Tesla bubble, I'm short again because people won't have the free capital to make such stupid purchasing decisions.
From a month ago when things were peachy:
https://insideevs.com/tesla-model-3-budget-stretch-phenomenon/

 

[west42]

Calm down dude, it's not like people are calling your mom a whore.

No you are ignorant and you better put your $10 in the sock drawer with that type of analysis skill.

The Prius was not a driving force in the market prompting all other manufacturers to make huge bets on Electrics. Tesla prompted that. And great if you hate Tesla and want people to hate it to since you have a short position on it and need it to burst. I now get your irrational hate.

 

[MikeMcMann]

I laughed when you tried to imply Tesla in 2007 was the reason Prius got popular.
Seriously dude how old are you?
South Park made an episode about smug Prius owners in 2006. There are direct parallels to the smug toolbag Tesla owners of today.
https://en.wikipedia.org/wiki/Smug_Alert!

You're stuffing strawmen again which proves you know you have no argument here. This will be my last time pointing out you misrepresenting my posts so I suggest you stop doing it.

South park made fun of the Prius and guys like Ed Begley Jr (sp?) driving it as it was considered a niche laughable car by many. You are making my point.

 

[brackis1]

that is not what you said so don't blame his comprehension.

And what you say is true of almost all entrepreneurs. Most are all in on their stock or company and see it as the best place for return. You are talking about Gates, Buffet, Bezos, Zuckerberg and so on and so on.

First off: Berkshire Hathaway/Buffet isn't in the same solar system as MSFT, AMZN, FB. It's a diversified industrial company across a variety of proven business sectors.
The rest are all shitshow dudes who are/were as sketchy as Musk when they were running their companies. (Gates has redeemed himself, but was a hated villain to many 20 years ago)
https://www.zdnet.com/article/how-bill-gates-accidentally-became-the-worlds-richest-man/

 

[brackis1]

You're stuffing strawmen again which proves you know you have no argument here. This will be my last time pointing out you misrepresenting my posts so I suggest you stop doing it.

South park made fun of the Prius and guys like Ed Begley Jr (sp?) driving it as it was considered a niche laughable car by many. You are making my point.

No, the critique in the episode was about how the people who owned them were smug elitists who talked a ton about how good it was for the environment but were mostly just rich folks. Which is exactly what's happening with Tesla. I take it you weren't an adult when it first aired.

I've witnessed it first hand. My uncle was an early adopter of the Prius and just got his first Tesla.

 

[Thepaintbucket]

You're praying for a semantic victory here. SpaceX is a private extension of Musk's industrial grift. Is the Boring company another diversified interest? Nope. It's an incestuous pile of paper value that Musk is reliant upon.
SpaceX's most famous launch ever? A Tesla
Boring company's big hyperloop reveal? A Tesla
Why? Because it's all one giant Musk hype shtick and the only way he can monetize is through keeping Tesla salient enough to cash out there and gain investors for his other businesses, which currently lack funding outside of government contracts.

So once again: this man is entirely wrapped up in the stock value of the conglomeration he operates.
It's even backed by the same institutional investors and they're struggling to raise more funds in hopes of increasing their valuation.
https://www.forbes.com/sites/alexkn...on-to-go-to-the-moon-and-beyond/#46831ff75fe4

You are legitimately throwing out verbal diarrhea because you cannot admit you were wrong. Which part of my correction to your statement is a semantic? That was the whole point of my post as I didn't dispute the rest of your claims. And to be quite frank with you, the rest of your post is ridiculous but I'd be happy to chime in since you insist so much on it.

Diversification? Yeah of course it would be smart for a person to diverse your assets. But who are you again to tell a billionaire who has been successful in multiple ventures and is worth billions of dollars to how he should manage his assets? That's just laughable to me. Are you Warren buffet by any chance? Let me go tell Bill Gates he is an idiot for having so much stock in Microsoft. Now that idiot Gates is only worth 93.9 billion dollars. He should've listened to me I tell you!

The Boring company? Maybe it will succeed, maybe it won't. Maybe it's just one of his dumb pet projects. Here's a news flash for you: Not everything you do will succeed in life and you shouldn't expect it to. Elon is spending money into something he believes in. Good for him

So are you telling me SpaceX is worth around 24-27 billion dollars because they sent a Telsa car into space? Are you serious man. You don't think for just maybe one moment it's because they are able to send small and medium payload rockets into space for a much cheaper rate than their competitor? Why in the world is Nasa giving them hundreds of millions of dollars in contracts? Please feel free to elaborate on this point LOL.