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Elon Musk says he is having the most “painful year of my career”
- nhance 8y agoMuch of this "painful year" are a direct result of his own words. It's easy to have seen this coming for a while now. Elon seems eager to play the press and for some reason the media loves following his every move like he's a celebrity. There are plenty of others who work harder than he does who don't manipulate the media nearly to the same extent. He would do well to step his ego out of his public interactions so these things can slide right off. That, and also stop making claims upon which are impossible to fulfill.
- mLuby 8y agoSolution: delete Twitter. Next?
- fullshark 8y agoGood talk already here, no new info in this https://news.ycombinator.com/item?id=17780092 https://news.ycombinator.com/item?id=17780092
- vkou 8y ago>Musk continues to have an unhealthy obsession with short sellers of Tesla's stock. He told the Times that he is expecting "at least a few months of extreme torture from the short-sellers, who are desperately pushing a narrative that will possibly result in Tesla’s destruction." > It's unclear how a short-driven narrative could destroy Tesla. Ultimately, Tesla's success or failure will be determined by whether Tesla can produce cars for less than customers pay for them—and whether customers are satisfied with the cars. If Tesla executes well, no amount of bad press—short-seller driven or otherwise—should pose a significant threat to the company. I'm glad somebody has finally made this clear. The cheerleading against short-sellers (For a stock that the founder has at times claimed to be overpriced) is baffling. If Tesla is a solid business, it shouldn't be concerned about its day-to-day stock price.
- vowelless 8y agoTesla is unique in the shorting world. It is one of the most if not the most shorted stock. Shorting can have negative incentives on long term growth of a company, especially at that scale.
- aiyodev 8y agoHe’s creating the narrative that short-sellers destroyed Tesla, not of his gross incompetence.
- lifthearth 8y agoTesla seems to be doing pretty great for being "destroyed".
- lifthearth 8y agoShort selling sets up perverse incentives for sabotage and defamation. You really think he's nuts for worrying about them?
- vkou 8y agoUnless the stock is currently overvalued, in which case it creates a great incentive for bringing the company's valuation into reality. Short sellers don't need TESLA to fail. They just need TESLA to be accurately valued.
- 2trill2spill 8y agoHard to feel sorry for the guy. Maybe Elon should stop working 80 hour work weeks and enjoy some of the wealth he has accumulated.
- leesec 8y agoHow about some appreciation the guy is sacrificing his free time to work towards bringing us the future?
- jameskegel 8y agoWe can appreciate Elon, and at the same time recognize his work habits are unsustainable for most. He is still human.
- nodesocket 8y agoThe recent rise of distain and envy of the successful is really hard for me to understand.
- 2trill2spill 8y agoNo distain here, in fact I look up to Elon for what he's done with SpaceX. But at the same time I dont feel bad for him, he could easily work less and start living the good life.
- Fricken 8y agoHe's working 120 hour weeks now. Pretty soon he'll be up to 160.
- deleted 8y ago[deleted]
- hartator 8y ago> It's unclear how a short-driven narrative could destroy Tesla. Ultimately, Tesla's success or failure will be determined by whether Tesla can produce cars for less than customers pay for them—and whether customers are satisfied with the cars. If only...