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Musk has overstepped in area of expertiese... and Stock Holders are very well aware of that fact.

RealityNow

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Musk has overstepped his area of expertiese... and Stock Holders are very well aware of that fact and they are imposing consequences!!!!.

quote

Tesla shares sink, wipe out over $125 billion in value, as Musk scores Twitter deal

When Musk announced he had secured the money to finance the transaction, he said he would cover $21 billion himself, with banks helping finance the other half.

What remains unclear is how he will come up with that moneywhether he will sell some of the Tesla shares he owns, borrow against them, bring in additional investors, or all three.

There is also growing concern about whether owning Twitter would bring him into conflict over free speech with the government in China, a key market for Tesla where the auto maker also has significant production.

On top of that, there is the risk Musk could become distracted by his latest acquisition.
If Musk does offload some of those holdings, it could drive Tesla's share price down further. This is something the company warned investors about in its latest annual report, filed in February with the U.S. Securities and Exchange Commission.

"If Elon Musk were forced to sell shares of our common stock that he has pledged to secure certain personal loan obligations, such shares could cause our stock price to decline," the company wrote.

It also could result in a hefty tax bill for Musk himself, who sold billions of dollars worth of Tesla shares last year. sending them sharply lower, as he engaged in heated back-and-forth with Democratic lawmakers about how billionaires should be taxed.
end quote

People often let money make them think they can do anything, without consequences. Loss of a $125 Billion is a Big Consequence!!!!

Musk thinks he can talk crap to anyone including the government, he talked crap to California and moved to Texas, before long he is going to find out his "temper tandrums and follow up temper actions, will continue to be costly.

He's done some intersting things, but he has to come to understand he is not "Master of The World"...

Titans of the late 1800 and early 1900's found that out the hard way. We've seen all to often what wealth and arrogance will do, It has cause many tremendously over the span of history.
 
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Spunkylama

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Mycroft

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Musk has overstepped his area of expertiese... and Stock Holders are very well aware of that fact and they are imposing consequences!!!!.

quote

Tesla shares sink, wipe out over $125 billion in value, as Musk scores Twitter deal

When Musk announced he had secured the money to finance the transaction, he said he would cover $21 billion himself, with banks helping finance the other half.

What remains unclear is how he will come up with that moneywhether he will sell some of the Tesla shares he owns, borrow against them, bring in additional investors, or all three.

There is also growing concern about whether owning Twitter would bring him into conflict over free speech with the government in China, a key market for Tesla where the auto maker also has significant production.

On top of that, there is the risk Musk could become distracted by his latest acquisition.
If Musk does offload some of those holdings, it could drive Tesla's share price down further. This is something the company warned investors about in its latest annual report, filed in February with the U.S. Securities and Exchange Commission.

"If Elon Musk were forced to sell shares of our common stock that he has pledged to secure certain personal loan obligations, such shares could cause our stock price to decline," the company wrote.

It also could result in a hefty tax bill for Musk himself, who sold billions of dollars worth of Tesla shares last year. sending them sharply lower, as he engaged in heated back-and-forth with Democratic lawmakers about how billionaires should be taxed.
end quote

People often let money make them think they can do anything, without consequences. Loss of a $125 Billion is a Big Consequence!!!!

Musk thinks he can talk crap to anyone including the government, he talked crap to California and moved to Texas, before long he is going to find out his "temper tandrums and follow up temper actions, will continue to be costly.

He's done some intersting things, but he has to come to understand he is not "Master of The World"...

Titans of the late 1800 and early 1900's found that out the hard way. We've seen all to often what wealth and arrogance will do, It has cause many tremendously over the span of history.
So...from "could", "might", "if", somehow, someone has come to the conclusion that "Musk has overstepped his area of expertiese".

Maybe people should just wait and see, eh?

But then, we are talking about stock market gamblers. They always have to speculate. It's part of their job.
 

RealityNow

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So...from "could", "might", "if", somehow, someone has come to the conclusion that "Musk has overstepped his area of expertiese".

Maybe people should just wait and see, eh?

But then, we are talking about stock market gamblers. They always have to speculate. It's part of their job.
$125 Billion.. means a lot of people had a lot of what they call value wiped out.... whether it is speculative value or not. It's "gone'!!!

It's like anything, if one lose $100 at the Casino Today it's Lost... even if they come back tomorrow and make $200, that $100 they lost the day before is still gone.
  • I feel bad for any 401k and Institutional Pension Funds, that lost money today on Tesla.

Losses reverbrate through the system !!!! Some losers won't over time regain, other will work their way back in the value figures, but it still does not erase the fact, of what they previously lost.

We can't predict the future, but we sure can pay attention to the "reality of the day".
-----------------

Maybe people are not paying attention to the other factors in the world, that is happening...

quote
'Everything is halted': Shanghai shutdowns are worsening shortages {Read The Article]
Widespread covid outbreaks in China have bought entire cities to a standstill and hobbled manufacturing and shipping hubs throughout the country. An estimated 373 million people - or about one-quarter of China's population - have been in covid-related lockdowns in recent weeks because of what is known as the country's zero covid policy, according to economists at Nomura Holdings. There are also fears that new lockdowns could soon take hold in the capital city, Beijing, escalating the threat to the global economic recovery.

Anxiety over new disruptions has already caused the Chinese stock market to fall sharply, weighing on U.S. stock indexes as well.

And there are signs things could only get worse. Continuing lockdowns in Shanghai - a major hub for America's semiconductor and electronics supply chains - has set up automakers, electronics companies and consumer goods firms for months of delays and higher costs.

end quote
--------------------------------
None of this is a small matter.... . "Things in the world have lots of connecting dots and points".

Tesla can't just make electronic and semi-conductors appear out of thin air... and no one can set up a factory overnight to create the products...!!! Besides, if there's a lock down in China, people likely are not buying as many Tesla Car during the Lock Down and that can have added consequences.


I'd say, maybe Musk's timing of his Twitter move may not have been the best choice at this time, and it may not even be a good choice at any time considering all factors and how distant it is from his core business models.

Time ... will tell !!!
 
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There are some impressive things about Musk. He seems to have largely lucked into a fortune piggybacking on the internet with Paypal, and I can't help but be impressed by creating a new auto company in such a well-established industry. Ask Mitt Romney's father who tried with "American Motor Corporation".

But I have found I dislike more about him, his politics and other personal qualities and a seeming willingness to vindictively abuse power. So I plan to minimize any use of Twitter under him, to not buy a Tesla. I'd hope other carmakers create better electric car options that reduce his wealth to misuse for things like this. But he's less the problem than 'the system' that lets him do a hostile takeover of Twitter, among other problems.
 

RealityNow

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Before long people may - think the safest thing is to "hoard cash".... because "lots of variables are taking place at the same time, including Russia's madness" ; then there is the "fact" WE DON'T KNOW how COIVID will impact within American society, because whether people want to face the fact or not, "COVID is not over"

No one can predict when China Lockdown will ease up.... and even if it ease a bit, there is no "instant ramp up" and even if they can increase production, there is still the shipping backlog of ships not only in America Ports, but in Chinese Ports, and there is troubles in Eastern Europe, that is affecting Western Europe.

I think people need to "Read and Learn" and back off the "Consumption with Political Madness" and pay attention to the "very big picture" and not keep trying to define their life based on political party... and start thinking about "Just being An America" and "Thinking About how to drop the policial spin division" and start thinking of how we can work together and stop with the "self defeatist spin" and learn how to support "building back better, an America poised for the future.

Nothing in the World will go back to what it was.... Many many things have "changed". !!!! The sooner people face that reality and stop "wishing for the past to recreate itself" and wake up and realize ... we are living in a "changed world, and will continue to change in developing new means, new way and new understanding.... We don't have time to waste with political infighting, and we can't afford to continue with the stupidity of political divisiveness.
 

RealityNow

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There are some impressive things about Musk. He seems to have largely lucked into a fortune piggybacking on the internet with Paypal, and I can't help but be impressed by creating a new auto company in such a well-established industry. Ask Mitt Romney's father who tried with "American Motor Corporation".

But I have found I dislike more about him, his politics and other personal qualities and a seeming willingness to vindictively abuse power. So I plan to minimize any use of Twitter under him, to not buy a Tesla. I'd hope other carmakers create better electric car options that reduce his wealth to misuse for things like this. But he's less the problem than 'the system' that lets him do a hostile takeover of Twitter, among other problems.
$125 Billion losse means a lot of other people, have though what you just wrote. Maybe people don't realize how much $125 Billion is, when there are institutional investors who have been members who lost in that decline of value. Some are probably "running for cover'....
but, its like Enron, it took mass loss before people stopped putting all their eggs in one basket and relying on media frenzy about "stock value'.... when fact is, everyone already knows it speculation, and the wise people know, the clowns of greed, ended up borrowing against that speculative value. Those levels of loss, cause many many other issues and problem across the spectrum of society and the business world. (a lot of people, won't sleep well tonight!!!)
 

RealityNow

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quote

Shares continue to slump as fears about the economy and earnings grip Wall Street

All three indexes are on track to end the month with sizeable losses, with the Nasdaq set to end April down more than 10%.

There is plenty of cause for alarm on Wall Street at a time when investors were already worried about sharply higher interest rates as the Federal Reserve fights inflation.

Shares also tumbled late last week after Fed Chair Jerome Powell signaled policy makers could raise rates by half a percentage point at the central bank's next meeting in early May, or double the rate hike it delivered in March.

Russia's invasion of Ukraine has also led to concerns about food and energy supplies, further ratcheting up inflation fears.

And now, lockdowns in China amid a spike in COVID cases are raising concerns about global supply chains, while some of the world's largest companies have reported disappointing earnings.
end

None of these Over-Priced Companies can produce anything even remotely close to meeting the level of value they claim based on stock ticker speculative valuation.
Some will spin the spiral wheel, 1651018699125.pngand cause dizziness, as they claim their earning did not meet expectations.
  • It's the common theme considering all the variables that are facing challenge in the world.
 

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Making money in various business ventures. I seems that some folks think that a CEO makes all of the various business decisions based on their own knowledge alone.
I agree with you. Most good CEOs surround themselves with good people and then trust them to do their jobs.

More specifically about Musk - he's a polymath and has expertise in a wide range of disparate areas. And one of his strengths - similar to people like Gates and Jeff Bezos - is being able to integrate information from those fields and do useful things with it.
 

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FYI, financial advisor Bob Brinker has been saying for months he thinks there's a good chance for a 'buying opportunity' - meaning, that prices will be lower at a bottom - before the election. I just read that Deutsche Bank predicts a big global recession? After a many years bull market, who isn't waiting for a change?
 

RealityNow

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I agree with you. Most good CEOs surround themselves with good people and then trust them to do their jobs.

More specifically about Musk - he's a polymath and has expertise in a wide range of disparate areas. And one of his strengths - similar to people like Gates and Jeff Bezos - is being able to integrate information from those fields and do useful things with it.
I don't think anyone doubts that.... but in life... "timing matters"...
 

Gaius46

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FYI, financial advisor Bob Brinker has been saying for months he thinks there's a good chance for a 'buying opportunity' - meaning, that prices will be lower at a bottom - before the election. I just read that Deutsche Bank predicts a big global recession? After a many years bull market, who isn't waiting for a change?
So you're suggesting that a recession would be a good thing? That you're bored with the bull market and would be amused by a recession?
 

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I wonder if more right wingers will want electric cars now that he has restored a few prominent right wing fools to Twitterability.
 

Rexedgar

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I wonder if more right wingers will want electric cars now that he has restored a few prominent right wing fools to Twitterability.
Musk will not answer to anyone @ Twitter…this is just another support of an authoritarian leader.


”Benevolent Dictators” are all the rage, these days…
 

Gaius46

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I wonder if more right wingers will want electric cars now that he has restored a few prominent right wing fools to Twitterability.
ummm....he doesn't own the company yet and hasn't restored anyone to anything.
 

Gaius46

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I don't think anyone doubts that.... but in life... "timing matters"...
What is it about the timing right now that you think is bad? Not a leading question or anything I don't see anything wrong buying twitter now as opposed to 2 years from now.
 

RealityNow

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Musk is trying his visions.... we don't know how this will pan out, but he is spending money to chase his dreams... many have done so before, and he has done some things that are astounding. I don't know how trying to control "media by social interaction platform" will work out... but ... we will find out.

To date... no one has gained means to control the public minds to the level he may want.


Remember: its over 7 Billion people on the planet.
 

Linuxcooldude

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Making money in various business ventures. I seems that some folks think that a CEO makes all of the various business decisions based on their own knowledge alone.

Like Bill Gates and Steve Jobs. Bill Gates knows nothing on programming as well as Steve Jobs. They had other people for that. They provide the vision and direction, while other people bring it into being.
 

Simpletruther

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Before long people may - think the safest thing is to "hoard cash".... because "lots of variables are taking place at the same time, including Russia's madness" ; then there is the "fact" WE DON'T KNOW how COIVID will impact within American society, because whether people want to face the fact or not, "COVID is not over"

No one can predict when China Lockdown will ease up.... and even if it ease a bit, there is no "instant ramp up" and even if they can increase production, there is still the shipping backlog of ships not only in America Ports, but in Chinese Ports, and there is troubles in Eastern Europe, that is affecting Western Europe.

I think people need to "Read and Learn" and back off the "Consumption with Political Madness" and pay attention to the "very big picture" and not keep trying to define their life based on political party... and start thinking about "Just being An America" and "Thinking About how to drop the policial spin division" and start thinking of how we can work together and stop with the "self defeatist spin" and learn how to support "building back better, an America poised for the future.

Nothing in the World will go back to what it was.... Many many things have "changed". !!!! The sooner people face that reality and stop "wishing for the past to recreate itself" and wake up and realize ... we are living in a "changed world, and will continue to change in developing new means, new way and new understanding.... We don't have time to waste with political infighting, and we can't afford to continue with the stupidity of political divisiveness.
Translation: HEY conservative idiots, stop playing politics and join our side. Lol
 

RealityNow

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Like Bill Gates and Steve Jobs. Bill Gates knows nothing on programming as well as Steve Jobs. They had other people for that. They provide the vision and direction, while other people bring it into being.
There's no problem with that...

but.... when one's name is out front... it does matter. It mattered to a lot of people to the tune of $125 Billion Losses in a single day.
  • We don't know what tomorrow will be, but today...
  • We know what happened today.
______________________________
As to Steve Jobs, he did bounce back and took Apple to a new level... but that took time.
 

RealityNow

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Translation: HEY conservative idiots, stop playing politics and join our side. Lol
Forget sides, and pay attention to real life... America is one nation, but you seem to love to push dividing it.
 

Surrealistik

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What is Musk’s “area of expertise”?
Habitually overselling and underdelivering, while throwing money at actually talented people to make him money in the interim (as he takes all credit after the fact), most notoriously/seminally the Paypal windfall Peter Thiel and his team made for Musk on the basis of his daddy's blood emerald capital after he was fired from the precursor company for being both insufferable and insufferably incompetent.

Even as an ideas guy Musk has been largely a flop (see Hyperloop and the disastrous Vegas tunnels).
 
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