Elon Cleaning House

Maybe Elon exaggerating? You cant put out a fire if you dont set one? Not sure.

 

I think the idea that there was enough coordinated 'activist' campaigns against various corporations to make a noticeable dent in Twitter revenue in a matter of days is a little preposterous, yeah. All these goons blame other people for their own failures and incompetence. And like anyone with a cult of personality behind them, all their fanboys will believe whatever he says.

 

Where's the "Go Woke or go broke" posters when you need them?

 

Elon all about that free speech but not that free market.

 

Once again, the resident experts here think Elon has no idea how to do a successful layoff. World's richest CEO, but he needs THFSG experts to help him execute a layoff.

 

I have to admit. Funny.

 

he has cost them billions, not millions. decimals matter

 

I'm no expert but it seems like axing a huge chunk of your workforce overnight while trying to implement a lot of changes to the product isnt the best idea.

 

Maybe I was referring to multiple thousands of Millions

 

Yep, another 4% of Tesla stock value lost today. When the markets are slightly up as a whole. That is another $27 billion or so lost in market cap...today.

 

I know you're more knowledgable than this guy by far, but still thought it was an interesting read...

Billionaire investor Ron Baron outlines how Tesla could soar 570% over the next decade to a $4.5 trillion valuation

 

Well sure, if you assume massive growth in sales, there will be massive growth in stock price. If Tesla starts to sell 20x their current number of cars sold, the stock will certainly grow.

BTW, Tesla actually could have massive growth, although markets are certainly indicating that they think the probability of it happening is lower than it was a year ago.

 

Musk says Twitter has suffered a massive revenue drop as advertising has fallen off a cliff. I guess corporations want to see if this is going to turn into a QAnon/4chan rival...m

https://www.cnbc.com/2022/11/04/elon-musk-says-twitter-has-had-massive-revenue-drop.html

 

I know a lot of people turned off by elons hard right turn... And the rest of the car makers are catching up with some nice EVs ... Elon might end up making cars that run on coal to satisfy his new fans.

 

In order to get to the approximately 2,000% increase in sales that guy is predicting, you would need to assume that EVs basically have a massive takeoff as a whole, where tons of people are turning in their gas vehicles for EVs in the next five years. I'm pretty bullish on EVs and the new technologies to improve the environment, as I think investors are becoming worried about Global Warming and other environmental issues not because they are environmentalists but because they are starting to realize how it is a systemic risk. But a 2,000% increase in sales over the short- to medium-term seems like more than I would predict.

Of course, it should be noted that the guy also has an incentive to try to convince people of such a thing, as it would raise their stock price, which has been tanking, if they believed this given that about 40% of his fund is invested in Tesla.

 

Meh, Telsa's main competitor (GM) is down 36% YTD. Ford is down 38%. It has not been a good year for automakers, but all 3 companies are going to keep making cars and people will keep buying cars. Tesla has the highest potential upside. Elon can make up the entire purchase price for Twitter in one day with Tesla. So, even if Twitter fails, Musk isn't going to bat an eye and that's a big "if". IMO, he's doing exactly what anyone would have had to do if they intended to make Twitter profitable. He's getting all the heavy lifting done very expeditiously up front. These moves had to be made to have a chance of survival.

 

You think Tesla can make 44 billion dollars in one day?

 

Yeah, the total purchase price of Twitter is now worth about 40% of his total holdings in Tesla. I don't see Tesla's stock price going up by about 40% in a day...

 

I'm not even sure I would categorize it as a hard right turn. He's all over the place. He's just become outspoken, erratic, unpredictable, and he's become the hero of his own story in his mind.