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So...from "could", "might", "if", somehow, someone has come to the conclusion that "Musk has overstepped his area of expertiese".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 money — whether 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.
$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'!!!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 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'....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.
What is Musk’s “area of expertise”?
I agree with you. Most good CEOs surround themselves with good people and then trust them to do their jobs.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 don't think anyone doubts that.... but in life... "timing matters"...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.
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?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?
Musk will not answer to anyone @ Twitter…this is just another support of an authoritarian leader.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.I wonder if more right wingers will want electric cars now that he has restored a few prominent right wing fools to Twitterability.
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.I don't think anyone doubts that.... but in life... "timing matters"...
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.
Translation: HEY conservative idiots, stop playing politics and join our side. LolBefore 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.
There's no problem with that...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.
Forget sides, and pay attention to real life... America is one nation, but you seem to love to push dividing it.Translation: HEY conservative idiots, stop playing politics and join our side. Lol
Buying other peoples work and calling himself an inventor. He stole the idea off Edison.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.What is Musk’s “area of expertise”?
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