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Elon Musk is falling apart
09-09-2018, 07:50 PM
Quote: (09-09-2018 07:10 PM)Alsos Wrote:
Quote: (09-08-2018 04:55 AM)kazz Wrote:
Quote: (09-08-2018 02:18 AM)Alsos Wrote:
A friend's kid is a huge admirer of Musk. Found out last weekend that I'd met the guy way back, excitedly asked me what I thought of him.
I recounted the unflattering details of our meeting (job interview: complete joke of an experience, insulting to boot, and I turned down the lowball offer). After pointing out a few other loony things that Elon has done, I said that he is a brilliant innovator but crazy, growing more crazy all the time, and like another crazy innovator (Howard Hughes) will end up fifteen years from now an unkempt recluse in a Las Vegas hotel shuffling through his private apartments with Kleenex boxes for shoes.
So, yeah, I got a good chuckle out of his antics the past couple of days, and imagining this kid's horror at Elon proving me right in real-time.
I just signed into this thread and am wondering, where is this hate coming from? seriously? Some of the comments, like the one above, lol.
Of course Elon is crazy, normal people dont do what he has. He doesnt have charisma, he cant converse with someone like Joe Rogan, he doesnt know how to entertain people, he doesnt have to.
No problem with critiquing him, or anyone, especially with recent events, but not just talking shit for the sake of it.
As indicated in the quoted comment, my opinion of Musk is based on having met and interacted with him early on. That experience vaccinated me to the cult of personality that subsequently developed around the guy. I wish his companies well and admire SpaceX's successes in particular, but that doesn't mean I have to like the guy personally much less worship him as some sort of god-like titan of industry.
Pretty typical. I met a famous Seattle Billionaire several times (a rather large list!) in a business capacity. Not only was the guy looney tunes, but he only hired assholes. Really young, arrogant, cocky, inexperienced assholes. That company went bankrupt, as did several others. And now I realize: He got lucky with the first one. He levered up his company and caught lightning in a bottle. But as a manager, an executive, an employer, and a human being: He was a piece of shit.
And I think Elon Musk, Steve Jobs, and a number of others fall into this bucket.
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Elon Musk is falling apart
09-09-2018, 10:13 PM
Quote: (09-09-2018 08:39 PM)Alpone Wrote:
Yep. Jobs' daughter, Lisa, just put out a book about her father. Turns out he was a sociopath at best and did crazy cruel things to her. Even on his death bed, Steve Jobs told her she smelled like a "toilet".
I don't know what Steve Jobs daughter is like. But most women I know would look down at the floor, their self-confidence shattered. At times like that, don't you just wish Steve Jobs had a son...a son who with a pair of balls...a son who was a RVF member??
Because if I were his child, and he told me, sitting there on his death bed, that I smelled like a toilet...i'd probably say:
"MAYBE SO BUT I'LL LIVE LONGER THAN YOU, MUTHERF#CKER!!!"
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Elon Musk is falling apart
09-09-2018, 11:08 PM
Quote:Steve Jobs Wrote:
You smell like a toilet.
Famous last words from a "genius".
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Elon Musk is falling apart
09-10-2018, 10:23 AM
Quote: (09-10-2018 02:02 AM)Malone Wrote:
Quote: (09-09-2018 12:22 PM)debeguiled Wrote:
i3s look cool though there is something emblematic about the modern world in the fact that when you think you are hearing engine sounds, you are listening to enginesound.mp3 over the speakers.
What? That is seriously up there with the Aztec for ugliest car ever produced.
Young person!
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Elon Musk is falling apart
09-10-2018, 10:26 AM
Paracelsus has a relevant books summary that addresses the issue of supposed geniuses just being lucky.
thread-43544...pid1847446
Quote:Quote:
Saying someone may have succeeded solely by luck is not merely sour grapes. It's mathematically supported. Skill has a big role to play, but it is entirely possible if not probable for someone to succeed solely on luck if the conditions are right - and those conditions are nowhere near as remote as you might first think. Simplest illustration can be reasoned out by mathematics:
Take 10,000 stock traders with the same skill, or no skill. Allow that in a given year, half of them will make money and get to stay on at their firm, half of them will lose money and be fired. This is a true toss of the coin, 50/50. How many people are still at the firm after 5 years? It gets down to about 313 or so: 5,000 the first year, then 2,500, 1,250, 625, 313.
That is, about 3% of the original group of 10,000. Assuming you eliminate the skewing of "skill", pure probability says that about 3 in every 100 of a group of 10,000 people under these conditions would succeed solely because of the march of probability, as the group gets smaller.
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Elon Musk is falling apart
09-10-2018, 10:58 AM
Quote: (09-10-2018 10:23 AM)debeguiled Wrote:
Quote: (09-10-2018 02:02 AM)Malone Wrote:
Quote: (09-09-2018 12:22 PM)debeguiled Wrote:
i3s look cool though there is something emblematic about the modern world in the fact that when you think you are hearing engine sounds, you are listening to enginesound.mp3 over the speakers.
What? That is seriously up there with the Aztec for ugliest car ever produced.
Young person!
I always liked the looks of the Gremlin. Apparently I'm the only one. Also, I agree that the i3 is at Aztec levels of ugliness. For some reason, most car manufacturers have the idea that electric cars have to "look" electric, which means somewhere between funny looking like the Prius, to downright ugly like the i3 or the Volt. Tesla actually makes their electric cars look good.
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Elon Musk is falling apart
09-10-2018, 11:20 AM
“The greatest burden a child must bear is the unlived life of its parents.”
Carl Jung
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Elon Musk is falling apart
09-10-2018, 11:43 AM
Uh... Yugo GVX much?
Double the fun, too, considering it was made by arguably the shittiest car manufacturer to ever exist.
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Elon Musk is falling apart
09-10-2018, 12:15 PM
From Today's Investing Daily Newsletter:
Why Tesla Needs a Recharge
By Scott Chan
Elon Musk and Tesla's (NSDQ: TSLA) troubles have continued since I discussed the unconventional CEO's controversial tweet about taking the electric car maker private. Musk has abandoned his plan after investor push-back and uncomfortable queries from the SEC. The stock price has fallen well below $300 a share.
Although some CEOs have fun afoul of regulators and Wall Street sentiment before, I don't recall seeing any other corporate chief create as much public drama as Musk has done.
In an interview with The New York Times shortly after the infamous tweet, he revealed that he made the announcement as he was going to the airport. In the interview, he broke down emotionally, citing "excruciating" stress. None of these statements made investors feel any more confident. So what's it all mean for Tesla shareholders?
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No Buy Out
Less than three weeks after the original tweet, Musk retracted his claim about Tesla going private at $420 a share. For a reason, he said that the majority of shareholders he spoke with prefer the company stay public. He nonetheless insisted that there was enough funding to take the company private. While that could be true, the whole saga just looks bad.
Apparently he was counting on a Saudi Arabian sovereign wealth fund to pony up most or all of the money. The prospect of Saudi money entering the equation raised eyebrows.
In the meantime, the company is under SEC scrutiny and investors have already filed several class action lawsuits. The SEC will probably only end up levying a fine, and the suits will probably be settled, but the whole mess doesn't help Musk's or Tesla's credibility, as this stock price chart shows:
Operationally, Tesla has recently missed another lofty goal set by Musk. He set a production goal of 6,000 Model 3 vehicles per week by late August, but according to a report by a news website dedicated to electric transportation (and also a Tesla shareholder), the company built about 4,300 Model 3s in the final week of August.
For Tesla to reach profitability by the second half of the year, it must reach production goals so that it can sell more cars. But even then, it may not be enough in the long run. According to Goldman Sachs (NYSE: GS), the company will need $10.5 billion in fresh capital through 2020 to continue operations and meet its growth targets.
Even though Musk insists Tesla doesn't need to raise more capital, the company will likely eventually need some outside help. Rumors have circulated for years that Apple (NSDQ: AAPL) may invest in Tesla or buy the company outright. Warren Buffett, now a major Apple shareholder (5%), has publicly said he thinks that's a "very poor idea."
Buffett has made a lot of money bailing out struggling companies, but he prefers companies with stable leadership, hence his opposition to the idea. Ultimately, Apple CEO Tim Cook, not Buffett, holds the power to decide, but Apple doesn't have a history of making huge acquisitions and this looks like a long shot.
The Cult of Personality
The irony is that even though Musk's maverick nature has stirred up unnecessary drama for Tesla, many loyal fans own shares because they believe in Musk's genius.
If Tesla removed him from a leadership position, many shareholders would likely jump ship. Billionaire Musk commands a cult-like following.
Without Musk's flair and charisma, all you have left is an overvalued company struggling to make money. It would likely not be good for the stock.
Musk probably won't change his ways very much. He's now involved in another ugly feud, with a cave diver, and a few days ago he smoked weed on a live interview. The company is compelled to tolerate the bad with the good. But it appears some of Musk's colleagues have had enough. Two top executives last week announced they will leave the company.
For America to be a global leader in electric vehicles, Tesla needs to play a major role. It's in our interest as Americans to see the company succeed. But the path to sustainable profitability growth appears to be a tall hill to climb without some outside help. Even after its recent sell-off, TSLA stock still looks too risky.
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Elon Musk is falling apart
09-10-2018, 02:59 PM
Crossovers suck and that is one ugly car.
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Elon Musk is falling apart
09-10-2018, 03:52 PM
Was the Rendezvous the turning point of Buick's change in reputation as "cars for old people" ?
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Elon Musk is falling apart
09-10-2018, 04:38 PM
The only thing I learned is: Dick drives a Buick.
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Elon Musk is falling apart
09-10-2018, 04:42 PM
Quote: (09-10-2018 03:52 PM)trippin_squares Wrote:
Was the Rendezvous the turning point of Buick's change in reputation as "cars for old people" ?
The reason GM kept Buick alive is because apparently it's a big selling brand in China.
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Elon Musk is falling apart
09-27-2018, 06:10 PM
Tough break for Musk. Tesla the company is very much Musk, the man. If the board votes to remove him preemptively, a lot of the wind in the sails for the cheerleaders for Tesla will vanish. Looks like a good time to short the stock.
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Elon Musk is falling apart
09-27-2018, 06:26 PM
Musk is going to prison. The DoJ won't be far behind the SEC suit.