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Elon Cleaning House

Discussion in 'Too Hot for Swamp Gas' started by gatormonk, Oct 27, 2022.

  1. citygator

    citygator VIP Member

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

    wgbgator Premium Member

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    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.
     
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  3. swampspring

    swampspring GC Legend

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    Where's the "Go Woke or go broke" posters when you need them?
     
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  4. pkaib01

    pkaib01 GC Hall of Fame

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  5. channingcrowderhungry

    channingcrowderhungry Premium Member

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

    okeechobee GC Hall of Fame

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    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.
     
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  7. okeechobee

    okeechobee GC Hall of Fame

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    I have to admit. Funny.
     
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  8. G8trGr8t

    G8trGr8t Premium Member

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    he has cost them billions, not millions. decimals matter
     
  9. wgbgator

    wgbgator Premium Member

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    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.
     
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  10. channingcrowderhungry

    channingcrowderhungry Premium Member

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    Maybe I was referring to multiple thousands of Millions :)
     
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  11. mdgator05

    mdgator05 Premium Member

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    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.
     
  12. okeechobee

    okeechobee GC Hall of Fame

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  13. mdgator05

    mdgator05 Premium Member

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    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.
     
  14. WarDamnGator

    WarDamnGator GC Hall of Fame

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  15. WarDamnGator

    WarDamnGator GC Hall of Fame

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    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.
     
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  16. mdgator05

    mdgator05 Premium Member

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    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.
     
  17. okeechobee

    okeechobee GC Hall of Fame

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    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.
     
  18. wgbgator

    wgbgator Premium Member

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    You think Tesla can make 44 billion dollars in one day?
     
  19. mdgator05

    mdgator05 Premium Member

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    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...
     
  20. channingcrowderhungry

    channingcrowderhungry Premium Member

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    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.