- cross-posted to:
- usa@midwest.social
- cross-posted to:
- usa@midwest.social
Musk’s repeated outbursts against advertisers have dried up the main source of revenue for the loss-making company formerly known as Twitter. A recent decision to sue them for heeding his own advice to not buy ads on the platform hasn’t helped. At some point, he will have to provide a fresh infusion of cash to salvage his $44 billion takeover.
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I believe the appropriate thing to say to Elon here is, “go fuck yourself.”
Let me be very clear 👌go fuck yourself 👌
👎 𝓰ℴ 𝒻𝓾𝒸𝓴 𝔂ℴ𝓾𝓇𝓼ℯ𝓵𝒻, 𝓮𝓁𝓸𝓃 🖕
Let me say it in Italian American
gestures wildly with hands with each word
“Why dont yos go fuck yoself, motha-fucka!”
Interesting 🤔
I nominate Steven Ogg for the task.
Too slow, gotta use Smokin’ Joe
Aaaand it’s stuck in my head again
You can thank @Nougat@fedia.io and @juliebean@lemm.ee for talking about hycybh the other day and getting me interested. My household is so grateful for the new songs lol.
Fruit Salad absolutely rocks. It is a musical masterpiece. More and more layers get piled on until it finally finishes, as though to say, “I could do more, but you couldn’t handle it.”
💩
Free market capitalism will say to let it fail.
Big if true.
BIG
*if true
if (mode(FREE_MARKET_CAPITALISM) == TRUE) { big(); }You don’t need
" == True"except if it’s the name of a variable that’s not boolean, in which case it wouldn’t make sense to name it “True”.-1
You do realize this is a joke, right? That this is not a programming community, so a little clarity of said joke may be beneficial?
Sometimes it’s better to go with the flow, and not overthink things. 😊
I know I’m just a big nerd 😆
You do realize that was a joke?
Some languages have nullable booleans where evaluating them directly may lead to errors. An example is PowerQuery M, which is designed for data queries and transformations, where “no value” may be distinct from “false”.
The syntax of the example most definitely isn’t M, but I’m just saying, such languages exist.
This guy ifs.
Maybe, or they else.
Why not both?
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Oh that’s okay they’ll make an exception for him. He’s too rich.
Free market only matters when adhering to it fucks consumers.
If he sells enough Tesla stock, he may save both companies!
Under rated comment
Except I’m not sure what he is planning will save Twitter
Agreed, I just cant tell if extreme ineptitude for a tech bro ceo or intentional.
Let that sink in.
What an unfunny dipshit. He actually thought that was clever.
It might’ve been funny if he was remotely likable. Turns out that humor depends highly on not being an asshole.
Nah, the problem is there’s just nothing humorous about it. Not even Robin Williams could’ve made that bit work, and everybody loves him. (RIP)
I actually don’t care for Robin Williams. I don’t actively dislike his stuff, I just find his humor off-putting. Good Morning Vietnam was OK.
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Yeah, he is sinking it.
That’s because it is almost exclusively tied up in his various corporate holdings that include everything from rocket builder SpaceX and brain chip company Neuralink to his latest startup, xAI.
None of these investments are easily fungible. Only Tesla is a publicly traded company. So the easiest solution at his fingertips is to liquidate a portion of his remaining 12% stake.
Let it fucking burn.
He’ll probably just get tesla shareholders to gift him the money. They’ve shown they’ll sign off on pretty much anything he asks for.
Musk: How about a multiple billion dollar pay package?
Sane people: You’ve already had it.
Musk: I’ve had one, yes. What about a second multiple billion dollar pay package?The thing y’all keep forgetting is that it’s mostly in stock. He has HUGE incentive to keep Tesla going successfully, because of the immediate impact of the stock price on his wealth
Even if I didn’t know that, after 10 seconds of thinking it would be clear that a company that made about $46bn in the last four years can’t just pay out more than that in actual money, they don’t have the cash reserves.
For him, he can borrow against the stocks, so it’s about as good as money, maybe not 100%, but still a sizeable amount.
I think it’s dumb to agree to goals and compensation / rewards after the goals have already been met. I can’t go to my employer and retroactively demand more pay for previously agreed work, even if it turned out better than he or the customer expected.
I think Tesla stock holders were mislead and / or stupid, there’s no dividend so the only way to profit is to sell at one point, and Tesla’s position in the market is only getting weaker by the year. Outside of their car business, they have nothing of interest, though some people will never tire to emphasized that Tesla is a tech company - just what that concrete tech is that other companies or customers will want is still somewhat of a mystery. Same if it justifies current market evaluation.
I wouldn’t bet against Tesla stocks - I know the market can stay irrational longer than I can stay solvent.
Given Musk’s recent behavior alienating his potential core customers, he is a liability rather than an asset. The cybertruck damaged the brand, the semi which was delayed by 3 years does not fit the needs ICE trucks do, rental and other companies are phasing out Teslas because of their fast depreciation- but robotaxis will fix it, right?
How anyone has a positive outlook on their performance with him as the CEO is almost beyond me, but if you assume there’s a personality cult, it makes sense.
That’s because he installed his family and sycophants into the board at Tesla. They were literally put there to vote for whatever he wants. The shareholders approved the board appointees, and now they’re completely fucked unless someone calls for a full replacement of the board of executives at Tesla.
It’s his company, for better (unlikely) or worse (very likely).
Edit, for reference.
His brother is literally one of the board members.
Stop buying Teslas! Many other great or better EV choices out there.
Are there? Last I’d heard other options either didn’t have infrastructure to charge vehicles on long trips and / or took too long to charge.
I really haven’t looked into this so please just take this as a genuine question, and if you do have suggestions on other EVs I’d be curious what they are even though I’m not really in the market for one right now.
I’ve no complaints about the 2020 Ioniq. Road trips we’ve taken have all had more than adequate chargers, but contextually this is Vancouver Island/Lower Mainland/Gulf islands and they government definitely had a hard-on to put in as much as they could a few years ago, so finally ownership density is starting to catch up a tad now, but new chargers seem to appear all the time.
Nothing beats just being able to charge at home though.
Last I’d heard other options either didn’t have infrastructure to charge vehicles on long trips
Literally isn’t an issue going forward. Other EVs can use Tesla chargers.
“Going forward” is actually “not quite yet” for most non-Te sla manufacturers, unfortunately.
You can still use Tesla superchargers with other cars, you just need an adapter.
Most major brands are going use the Tesla plug from 2025 onward in North America.
A lot of the stations have the MagicDock adapters now too, so you don’t even need to bring one.
We have been waiting for our free MachE adapter now for …checks email… 5 months. Apparently we’ll have it by September 2024.
I knew they did a trial run of it somewhere in like Norway or Scandinavia or something but didn’t know it went anywhere. Good to know that there are better options
Rivians seem to be (a) popular, and (b) getting much better reviews than the Cybertruck. So if you’re truck hunting, that’s a good option.
Didn’t the industry recently standardize on the Tesla connector, though? Wouldn’t that mean you could charge at any Tesla station?
- https://www.plugshare.com/
- https://www.electrifyamerica.com/
- https://afdc.energy.gov/fuels/electricity-locations#/find/nearest
These aren’t Tesla specific.
Didn’t the industry recently standardize on the Tesla connector
Most of the industry announced that they will standardize on NACS. I believe they expect to actually do it over 2025-2026. That’s not far off but it’s not now.
I just got back from a 1,200 mile road trip and the Tesla Superchargers were plentiful, fast, easy. The first was at a mall, where the car was done charging by the time we found the food court.
I suppose I can’t really comment on other brands, except the one time I tried, I didn’t have the right adapter.
Rivians seem like great technology and styling, however they’re on their first pair of high end vehicles. They’ve announced more reasonably priced models that could be built in higher quantity but they’re not selling them yet. I suppose that does compare with Tesla only selling “Foundation Series” trim level but the difference is those are intended to have a lower cost trim
Why is this news…
Some rich guy might do something that doesn’t really change anything for anyone.
Because it will affect Tesla’s share price (negatively), just like it did last time, and Fortune’s job is to report on things that affect share prices.
There is also a public interest element, because Musk is currently the richest man on earth - which affords him massively undue power and influence - but he won’t be if he manages to crash the Tesla stock price with a massive sell-off.
Tesla is exceedingly overvalued right now which makes it a very volatile stock. We already saw the price crater the last time he sold stock to keep Twitter afloat, and it only really recovered when he pinkie swore not to do it again.
Tesla is exceedingly overvalued right now
Always has been
Oh, I’m not implying that it was ever valued correctly. I’m saying that it’s gone from “overvalued” to “exceedingly overvalued”.
Not to mention that if he sells enough Tesla shares he could lose majority control of it. If that happens and enough shareholders band together they could force all the Elon sycophants off of the board of directors, then the new board could force him out as CEO.
A lot of shareholders have drunk the Elon kool-aid tho, look at the recent shareholder vote about Elon’s ridiculous pay package.
There’s a lot of true believers that treat it like a meme stock and don’t look at the fundamentals.
It’s going to go down eventually, but it might take longer than you’d expect based on the numbers.
100%. Tesla shareholders are an almost entirely irrational market. Turns out buying into a stock that over-priced does not self-select for a healthy ability to assess risks.
So only good things.
I understand the aversion to Musk coming out as a horrible human being, but Tesla is still pivotal to the EV industry. Or maybe we get a twisted view of reality in the US, but most EVs sold are still Teslas and teslas are arguably the cheapest, most compelling EVs available for sale.
- Legacy manufacturers have always resisted the newer technology, and when they finally invested the money, took the first opportunity to step back away from them.
- Rivian and Lucid have exciting technology and styling, and the opportunity to take the lead with compelling EV but are still too young. Neither have yet released a car that they can sell in volume. Remember all the stories of Tesla almost going bankrupt trying to scale up the model 3? They still need to get past that.
- GM seemed to have a lot of promise but took a few years off from EVs, and really flubbed the new releases, so are returning their focus to ICE vehicles
- Ford had a great strategy but too much dealer resistance and profiteering. No one is buying a car that starts off much more expensive than comparable models, has huge dealer markup, and salesmen steering yu away. They’re a good argument for Tesla’s approach of selling direct
- does vw sell any EVs in the US? Technically I guess there are Porsche and Audi EVs, for the well off.
- Toyota and Subaru compliance models aren’t even a blip
Is Hyundai/Kia our only hope if Tesla has problems? They’re coming in strong with relatively inexpensive and compelling models, but somehow always fly under the radar. For anyone understanding the importance of the technology shift from ICE to EV, we need Tesla
I think this is a culture difference. In Canada Hyundai and Kia are everywhere (at least around the GTA). Probably a third of the cars I regularly see on the street. Definitely not flying under the radar.
Profits stolen by Musk, that do not get reinvested into Tesla, are wasted for unnecessary and or harmful labour time and infrastructure (political advertising etc). Tesla workers produced those profits and now the products of their life-time gets wasted by decision makers like Musk Tesla workers have little power over.
Potential Tesla stock price crash aside - if he sells enough stock, the company will be less associated with him and people on the left (you know, people who actually WANT EVs and not coal rollin’ pickup trucks) would be more likely to buy Teslas again. Because to be fair, they do make some damn awesome powertrains (and attach an aerodynamic smart fridge to it unfortunately, but eh, you can’t have everything all at once, now can you)
Twitter used to be very widely used.
Tesla, at least in the US is by far the biggest EV manufacturer
They’re both a pretty big deal and he’s well on his way to wrecking one: we hope it’s not both
2 4 1 deal, how to trash 2 companies at once. Good job space karen!
Maybe if he was smart, he’d just give up on the social network and sell it off to someone else. But he’s not smart, so he’ll keep sinking money into it until cooler heads in the company prevail. The era of social media dominance, I’m sorry to say, is over.
He’ll definitely keep it until after the election at least.
I seriously think his decision to brand it “x” was to protect the name “twitter” from his unpopularity and inevitably devaluation of the platform.
I would agree except for two things.
- He’s shown hes not that savvy.
- The X thing has long been a dream of his.
https://www.theverge.com/23814989/elon-musk-banking-x-paypal
You’re sorry to say?
Yeah, I was about to say, good riddance.
“A recent decision to sue them for heeding his own advice to not buy ads on the platform hasn’t helped.”
Gotta love it. He told advertisers to fuck off, they fucked off, now he’s even more mad at them.
I really wanna spite my face… maybe I’ll cut off my nose…
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I was told this man was a business genius.
Was the person who told you that Elon Musk?
Not just Elon, also people paid by Elon. And lots of people on the internet!
He would know, he’s a genius himself!
“Everything app”?
Everything but successful.
In Elmo’s defense, racists, Nazis, bots, white supremacists, Christian Nationalists, and feline feces are technically in the subset of “everything”.
Yes, he wanted to turn it into “we chat” for the rest of the world. How’s that going?
Let both burn
The problem with Tesla really is Elon.
If he sells his majority stake, I suspect it would be a lot better.
The biggest reason against buying them is him. They also make more than cars (their powerwalls seem alright).
If X fails though, I suspect all those bigots will flood over to here (Facebook and X seem to be distracting them for now).
Let them have their nazi prison. Just make it not profitable
Personally I’d be wary of putting a giant brick of lithium in my house, especially from a company with the questionable quality control of Tesla.
I agree partially, but in practice, the LFP batteries should be fine (I would never trust the PowerWall 2).
Unfortunately, been looking at other alternatives, and there don’t seem to be many seamless home batteries that cut in instantly in the event of a power outage (like an online UPS) either.
The reality is though, I expect Tesla to lose this market anyway (they only just introduced the PowerWall 3 in AU… Even cheap chinese manufacturers have been using LFP for a while)
The people who aren’t buying Teslas because they hate Musk aren’t gonna change their mind because he sold some stock. The company is tainted forever.
They won’t a tiny amount… But controlling share they might.
I can’t afford a Tesla. However, my biggest concern is that musk will half arse firmware or sabotage the company somehow.
If he doesn’t have controlling share, that’s a win and I suspect quality control will likely improve too
The company is tainted forever.
…he didn’t found the company, engineer the cars, systems, nor infrastructure: there’s a lot of salvageable value in tesla if he goes away…
The only real engineering he’s done is likely the boring company (who the duck wants to drive in a claustrophobic one lane tunnel) and the submarine thing the cave divers said wouldn’t work (so he called them pedos)
He didn’t engineer anything because he doesn’t know how. At most he drew some kindergarten levels drawings on a white board.
The reality is… He is an engineer. Not all engineers have good ideas.
The difference is, he won’t accept criticism
I do software development and have had a few crap ideas (I once thought I could make a optimised OpenGL library using Matricies). The difference between normal people and him, is that when I got told it was a crap idea, I deleted the project. When he gets a crap idea, he attacks the person giving feedback, so there is NO incentive to provide anything but good feedback
When you’re surrounded by yes men you’ll only increasingly become over confident in yourself
No, Elon isn’t an engineer. He doesn’t have an engineering degree from an ABET certified school, no FE or PE license, nor does he understand basic engineering or design principles.
You can lick his boots and lie all you want, but Elon is a rich bitch trust fund baby who takes credit for the ideas of others and you defend him. It’s honestly sad, coming from a mechanical engineer, that you as someone who works in software development, would call him an engineer.
I mean i am too poor and don’t need a car but i could see myself buying a tesla once elon really is gone and the other two factors change for me.
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The board is filled with Elon sycophants equally as stupid as him.
Having worked with Tesla I can tell you not all their problems would leave with Elon, but it would certainly be a great start.
From my understanding he overworks people. Is that correct?
Whats interesting is the NRA spent billions in TV propaganda running a news channel and that venture ended up bankrupting the whole organization. It looks like musk is falling in the same trap
Why do you think he strongarmed Teslas shareholders into that big pay day? He’s known this was coming, y’all. Tesla’s just paying for his misadventure.
