[Tesla] Incapable to run a business if this is true

I am happy that Elon is promoting legendary ā€œDeus Exā€ games franchise, but hopefully he can do it in a more helpful and positive fashion.

1 Like

strikes me that the tweet was just to trigger this sort of reaction… the guy did say they don’t spend any money on advertising.

because the media does it for free every time he causes something xD

2 Likes

Exactly lol. Luckily the SEC aren’t investigating it, likely because he said it in his own opinion, however they are investigating the tweet from December saying the stock is high. I think he might get away with that one too because he didn’t say it was ā€œtooā€ high rather just said it’s high, which was in relation to where it was before the spike

I dislike Tesla and the whole business model of spending billions to waste…
But it is fun to watch Musk go against the flow, or when all zag he zigs… Even for his coronacrap tweetz/statements…

For that hat’s off.

Spending billions to waste ? What do you mean ?

Manipulating the stock ?
Well, who sells tesla stock when musk tweets this type of stuff ? You gotta not be paying attention :smile: Or you’re a short term trader so you should in fact be praising him ! But seriously, people are so unsure of themselves on choosing their investments that the stock moves a lot when Elon tweets ? I say, it moves a lot regardless, and it’s just an excuse ! Just look at the past moves, which happen all the time, and are blamed… well, I guess no one in particular so it’s more fun to look at the one time where it was correlated with an Elon tweet.

I mean I’m amazed in general at what type of people could sell off when Elon tweets ! Picture some people in a suit, investing millions in Tesla, massively selling off because of tweets like these ? It just doesn’t make sense. I think that’s not what’s happening, or at least it moves only because of people that aren’t really sure of their investment. If he was saying he fell sick, or that he was fired or something bad, sure. But this ? Well, he’s done it again and again ! He’s probably laughing hard but feeling pretty happy he’ll be able to colonise mars easier !

Also, when he tweets, it just shows he’s well as usual ! I’d be worried if he didn’t tweet, or if he changed his habits of tweeting. That’d make me worry he’s not gonna be the genius he has been up till now !

@zyfihx

Sure if Warren Buffett sells his positions in Airlines, meh - maybe it’s just not for him.

But when a CEO says ā€œWho’s buying my overpriced crap over here??ā€ - maybe people should run.

1 Like

Elon doesn’t care about the share price, just his missions of EVs and populating mars

Its does hurt his ego when the price goes down and ppl say bad things about him, think this tweet was more a preemptive strike on himself before others got there… or something to do with his g/f about to have a baby at the time!

1 Like

I mean that company which exists for ~17 years give or take, has yet to have a single year of profitability. It totalled 4 quarters of net profits since inception…

Thats because all the money raised is ploughed back into the company, R&D, building factories etc.

No dividends because that isn’t important to them

1 Like

I’m a Tesla ā€œbelieverā€.

That being said… the current company valuation and stock price is just insane, I think people already forgot the tech bubble and how crap can be this VC models of ā€œprintingā€ infinity magical money.
Also, rockstars CEOs brings more harm than good for the industry.

2 Likes

How so ? Like steve jobs ? Was that a problem ? I don’t really see why, although I guess it could maybe cause people to think it’s all thanks to the guy ?

I think that’s pretty obvious, I guess some people don’t agree that their money, as investors, is better invested in the company they’re invested in, than in their pockets ! Well then, don’t invest in Tesla, but anyway what’s that to do with Elon and ā€œbeing incapable to run a businessā€? :sweat_smile:

Well I guess 5-6 billions of net losses in last few years is business as usual.

Good company should be discerned by balance sheet. I guess same rules don’t apply to cult type companies…

This was only possible in this decade, as it was decade of cheap and accessible fundings… tesla is out there since 2003…

1 Like

Just don’t… please :unamused:

Lol… I sold just before his tweet. And bought again after it dropped by chance… see that its bounced back ok

My bad, this was meant to be a reply and not a new post :laughing:

We might see a downturn or uplift after this, place your bets people. :sweat_smile:

3 Likes

I’d say… it’s gonna move :smile:

1 Like

I’m waiting for that moment when Joe Rogan hands him some weed again…

2 Likes