Elon Musk buys and ruins Twitter

[grunge]

Is the birther rights not enshrined in the constitution. Has he talked about ending the birthers rights? How will he achieve that if it’s in the constitution?

The constitution can change. Just needs another amendment to remove this one. Certainly not an easy task but not impossible.

 

[babyape]

I can just see the Farage for President campaign in 2028!

They can have the c*nt

 

[Gareth Barry Conlon]

Is the birther rights not enshrined in the constitution. Has he talked about ending the birthers rights? How will he achieve that if it’s in the constitution?

As above the constitution can change. And some big issues that we assume are locked are actually fairly recent changes.

Roservelt was a 4 term potus. Elected in 32, 36, 40 and 44. The war was a big reason that continuity was seen as valuable toward the end but it raised the issue of term limits. The 22nd amendment was passed in 47. However that amendment did require 75% of states to ratify it. Giving it clout.

Trump and the gop could remove the filibuster and just force through these types of amendments. With the scouts on side they can pretty much over ride anything.

 

[inbetween]

Market cap doesn’t mean anything.

Perhaps the simplest and easiest explanation of that is to simply remind you that Musk had to put up over 50% of his Tesla stock (worth approx $60Bn on paper) as security for $4Bn worth of loans to buy Twitter.

Speaking of Twitter, Musk had to overpay by 4x, so that $40Bn valuation of Ford is meaningless when he’d likely see little change out of $150Bn.

Tesla as a company of course couldn’t raise the money because they are tiny.

And that’s before we even talk about how trying to sell off $40Bn of stock or borrow against more of it would probably burst the Tesla bubble and the most shorted stock in the world because of its awful business fundamental would finally see its value readjusted to meet reality.

By every single measure Tesla are one of the worlds most valuable companies. If you check the enterprise value of Tesla then its value is based upon its stock and not its assets but why discount that? Everything else is only relevant to accounting and balance sheets, if you want to live in that world then enjoy the drab and grey.

You talk of Tesla shorts but one of the biggest was Bill Gates who's sat on $8bn in losses today and I'm glad he is. I refuse to praise or entertain anybody who seeks to make money from job losses and misery. It's also hopefully easy to see the irony in somebody who is so vocal about climate change and yet bets on the failure of an electric car company.

Would you rather that Tesla and SpaceX disappear? If you lived in America would you rather pay 10x more tax to give rocket launch contracts to major aerospace companies so they can pay dividends to shareholders? All of this to see Musk fail because of his politics? It's just sad to be honest that this is where politics takes people.

You only have to look at state of the UK car industry, would we love to have Tesla startup manufacturing for example in the UK? Of course we would but I'd still imagine that the bores on here would have a problem with it.

The western world meanwhile is coming to reject these 0.1% globalists because it isn't working and that goes for the politics that props it all up. It also counts because we should be favouring any smaller agile companies that do things faster and cheaper. Innovation is what creates value, not consolidation of profits or assets on balance sheets, that's why Tesla is worth $1.2tn.

 

[domalino]

If you lived in America would you rather pay 10x more tax to give rocket launch contracts to major aerospace companies so they can pay dividends to shareholders?

How do you think SpaceX is funded?

Look Theres a lot of not much in this comment. I don’t care about Tesla going bankrupt because I don’t subscribe to the line that they’re changing the world. They got a good jump start on EVs but are being overtaken so their benefit to the planet is done.

The western world meanwhile is coming to reject these 0.1% globalists because it isn't working and that goes for politics.

Sorry, what do you think Musk is?

I refuse to praise or entertain anybody who seeks to make money from job losses and misery.

Starting to become apparent you’re not that well read up on Elon are you?

 

[grunge]

By every single measure Tesla are one of the worlds most valuable companies. If you check the enterprise value of Tesla then its value is based upon its stock and not its assets but why discount that? Everything else is only relevant to accounting and balance sheets, if you want to live in that world then enjoy the drab and grey.

You talk of Tesla shorts but one of the biggest was Bill Gates who's sat on $8bn in losses today and I'm glad he is. I refuse to praise or entertain anybody who seeks to make money from job losses and misery. It's also hopefully easy to see the irony in somebody who is so vocal about climate change and yet bets on the failure of an electric car company.

Would you rather that Tesla and SpaceX disappear? If you lived in America would you rather pay 10x more tax to give rocket launch contracts to major aerospace companies so they can pay dividends to shareholders? All of this to see Musk fail because of his politics? It's just sad to be honest that this is where politics takes people.

You only have to look at state of the UK car industry, would we love to have Tesla startup manufacturing for example in the UK? Of course we would but I'd still imagine that the bores on here would have a problem with it.

The western world meanwhile is coming to reject these 0.1% globalists because it isn't working and that goes for the politics that props it all up. It also counts because we should be favouring any smaller agile companies that do things faster and cheaper. Innovation is what creates value, not consolidation of profits or assets on balance sheets, that's why Tesla is worth $1.2tn.

Ignoring the other points. but that is exactly what Musk has done with Twitter. went in, culled 80% of the staff and forced the other 20% to work massive crunch/overtime hell.

Its also what he is planning to do as part of DOGE.

 

[Gareth Barry Conlon]

By every single measure Tesla are one of the worlds most valuable companies. If you check the enterprise value of Tesla then its value is based upon its stock and not its assets but why discount that? Everything else is only relevant to accounting and balance sheets, if you want to live in that world then enjoy the drab and grey.

You talk of Tesla shorts but one of the biggest was Bill Gates who's sat on $8bn in losses today and I'm glad he is. I refuse to praise or entertain anybody who seeks to make money from job losses and misery. It's also hopefully easy to see the irony in somebody who is so vocal about climate change and yet bets on the failure of an electric car company.

Would you rather that Tesla and SpaceX disappear? If you lived in America would you rather pay 10x more tax to give rocket launch contracts to major aerospace companies so they can pay dividends to shareholders? All of this to see Musk fail because of his politics? It's just sad to be honest that this is where politics takes people.

You only have to look at state of the UK car industry, would we love to have Tesla startup manufacturing for example in the UK? Of course we would but I'd still imagine that the bores on here would have a problem with it.

The western world meanwhile is coming to reject these 0.1% globalists because it isn't working and that goes for the politics that props it all up. It also counts because we should be favouring any smaller agile companies that do things faster and cheaper. Innovation is what creates value, not consolidation of profits or assets on balance sheets, that's why Tesla is worth $1.2tn.

The share price and betting for or against it has zero implications for job losses and misery. The underlying business performance impacts that and nothing else. The stock could tank and delist and as long as the company makes money it won't be affected.

The issue I have with Tesla is its stock value is massively disconnected to its business performance. Any analysts will tell you its highly unlikely the company will ever make enough money from selling electric cars and other similar electric products to justify its share value. Its been hugely reliant on subsidy to get this far. Its excess value is based on claims around driverless cars and other similar automation. I just don't think they are anywhere near close.

Then you have the behaviour of Musk, he's deranged and I see him as a massive risk. His salary demands are crazy to start with. But it's his whole obsession with crypto. He's proud of his association with meme coins. That is a tool of misery for the idiots that sink money in to dodge coins based on his twitter feed. Clearly he has no moral compass and a very warped world view.

 

[inbetween]

Ignoring the other points. but that is exactly what Musk has done with Twitter. went in, culled 80% of the staff and forced the other 20% to work massive crunch/overtime hell.

Its also what he is planning to do as part of DOGE.

When I talk of job losses I'm not talking about economics which requires job losses sometimes, change is after all normal. Did anybody shed a tear when Meta/Facebook laid off 10,000 workers during the tech crunch last year? No, it's normal.

I was referring to shorters who actively bet on the demise of a company and profit from job losses. Is Musk actively betting and hoping on the failure of X, Tesla or SpaceX and subsequent consequences for his employees? Of course not, he does run his businesses harshly but well don't choose to work for Tesla if that's going to be a problem for you.

Remember that Twitter never made a single $ in profit and X still functions today so if Twitter employed 80% more people than it needed then why would its owner continue to employ those people? Would you take continued losses to employ an evidentally non-productive workforce? It's just silly.

I don't know what's going to happen with DOGE but why does the public sector exist? Does it exist for itself or does it exist to serve you? If it's the latter then you would want to ensure that money isn't just wasted so therefore the existence of something like DOGE is probably sensible.

He's probably just going to ask the US public sector to examine the unimaginable cost of everything and find ways to be more productive, this isn't controversial, every private sector company does it. The US just for example chose to replace Air Force One at a cost of $4bn (a 747 normally costs $400m), where did that come from and who challenged it? This is what DOGE will probably do and it's 100% correct to do it.

 

[west didsblue]

By every single measure Tesla are one of the worlds most valuable companies. If you check the enterprise value of Tesla then its value is based upon its stock and not its assets but why discount that? Everything else is only relevant to accounting and balance sheets, if you want to live in that world then enjoy the drab and grey.

You talk of Tesla shorts but one of the biggest was Bill Gates who's sat on $8bn in losses today and I'm glad he is. I refuse to praise or entertain anybody who seeks to make money from job losses and misery. It's also hopefully easy to see the irony in somebody who is so vocal about climate change and yet bets on the failure of an electric car company.

Would you rather that Tesla and SpaceX disappear? If you lived in America would you rather pay 10x more tax to give rocket launch contracts to major aerospace companies so they can pay dividends to shareholders? All of this to see Musk fail because of his politics? It's just sad to be honest that this is where politics takes people.

You only have to look at state of the UK car industry, would we love to have Tesla startup manufacturing for example in the UK? Of course we would but I'd still imagine that the bores on here would have a problem with it.

The western world meanwhile is coming to reject these 0.1% globalists because it isn't working and that goes for the politics that props it all up. It also counts because we should be favouring any smaller agile companies that do things faster and cheaper. Innovation is what creates value, not consolidation of profits or assets on balance sheets, that's why Tesla is worth $1.2tn.

I thought you'd woken up to the fact that Musk is a dangerous ****. Business performance has nothing to do with Tesla's valuation. The fact that Tesla's share price is up 80% since the US election is purely based on the fact that Musk has got himself into a position where he can strongly influence regulations and contracts to favour his businesses. I don't blame anyone making money on the back of this but you're kidding yourself if you think Tesla or Musk's other ventures are great companies. There are laws against what Musk will do however the law means fuck all in the USA to him thanks to Trump's takeover of the legal system.

 

[Scottyboi]