5 ms·

Yup, that Larry Ellison. I'm not sure whether this is good news or not.

by SmellyGeekBoy 8y ago

sschueller 8y ago
Bad news for customers, good news for investors?
- zepearl 8y ago
  I think that it's good for Tesla & investors: Elon's discovery & revolutionizing era is over (at least for a while), now it's time for consolidation & stabilization & optimization etc... .
tw04 8y ago
I would label it as extremely bad. You're talking about a guy who has no shame in using a publicly traded company (Oracle) to bail himself out of personal investments gone wrong (See Pillar Data). He's literally everything that is wrong with capitalism embodied. He's made a living off holding customers hostage and milking them for every last penny. Tesla has made a living off customer service.
- u320 8y ago
  > You're talking about a guy who has no shame in using a publicly traded company (Oracle) to bail himself out of personal investments gone wrong (See Pillar Data). Kind of like using SpaceX to fund SolarCity and then using Tesla to bail out SolarCity so that SpaceX bond holdings doesn't go bust?
  - tw04 8y ago
    >Tesla to bail out SolarCity so that SpaceX bond holdings doesn't go bust? Right... so SpaceX doesn't go bust. Not "so he can personally enrich himself". Nothing I've seen thus far from Elon indicates to me that his decision making is based entirely on his personal net-worth. In fact most of his moves show the exact OPPOSITE - that he doesn't care at all about his personal wealth and he cares about changing the world/completing his vision. I have absolutely no issues with him using one company to prop up another because he needs both to reach his end-goal. If he was using one company to bail-out a failed investment so his bank account looks a little better I've got a LOT of problems with it.
    - vkou 8y ago
      Elon is a majority shareholder in SpaceX.
      - tw04 8y ago
        >Elon is a majority shareholder in SpaceX. And you think the reason Space-x exists is to make Elon richer? Or you think it's because he wants to see humans colonize the universe? The entirety of Oracle's existence is to make Larry rich. While I think Elon needs to get off twitter and never post another message there again, I think his reasons for founding Space-X and Tesla go far, far beyond personal wealth. There are a million other investments he could've gone in on to enrich himself without risking everything.
        vkou 8y ago
        It doesn't matter what I think it's purpose is. As a TSLA officer, his job is to use TSLA resources to produce value for TSLA shareholders, not to bail out unrelated companies, especially ones that have a big friggin conflict of interest attached to them. It doesn't matter if SpaceX's stated mission is a vanity Mars project, or something easier, and actually useful, like eradicating malaria, or stopping AGW, or bringing about the Worker's Paradise to Earth. You don't pilfer a publically traded company to fund it.
        Robotbeat 8y ago
        Yeah, Tesla and SpaceX are most certainly related. They share engineering teams. Tesla gets a big bump in the public’s eye with SpaceX’s accomplishments. People call Teslas “a spaceship for Earth” and there’s zero ambiguity about why that specific comparison is made. It’s pretty much the definition of a mutually beneficial relationship.
        cowmix 8y ago
        They really don't share anything except for Elon.. which is both great and drives me nuts.
  - deleted 8y ago
    [deleted]
- picodguyo 8y ago
  > Tesla has made a living off customer service. I'm curious what gives you this impression. I'm a Tesla owner and consider their customer service their biggest shortcoming at present. Fortunately, the quality of the vehicles and mission make up for it in my mind.
walrus01 8y ago
I think it is not good news. Ellison's preferred business model is to keep everything as opaque as possible, hide technical details away from the customer, obtain security through obscurity, and sic teams of aggressive lawyers on almost anyone and everyone. And that's before I get into describing the Oracle business model of locking customers into platforms that are nearly impossible to migrate away from.
pastor_elm 8y ago
He invented the cloud
- deleted 8y ago
  [deleted]
- kerng 8y ago
  Its the unbreakable cloud. Don't forget that. :) How anyone still uses Oracle is beyond me anyway...
- cowmix 8y ago
  Dood, I am NOT a fan of Larry but he was a very, very booster of the cloud... and I'm not even a fan of that idea. But give credit where credit is due.
- foxfired 8y ago
  Or didn't invent the cloud: Exhibit A -> "What the hell is cloud computing?" https://www.youtube.com/watch?v=0FacYAI6DY0 https://www.youtube.com/watch?v=0FacYAI6DY0
- unstatusthequo 8y ago
  I thought Al Gore did?
njharman 8y ago
It's good if you've shorted TSLA. Otherwise not so much.

Yup, that Larry Ellison. I'm not sure whether this is good news or not.

sschueller 8y ago

Bad news for customers, good news for investors?

zepearl 8y ago
I think that it's good for Tesla & investors: Elon's discovery & revolutionizing era is over (at least for a while), now it's time for consolidation & stabilization & optimization etc... .

tw04 8y ago

I would label it as extremely bad. You're talking about a guy who has no shame in using a publicly traded company (Oracle) to bail himself out of personal investments gone wrong (See Pillar Data). He's literally everything that is wrong with capitalism embodied. He's made a living off holding customers hostage and milking them for every last penny. Tesla has made a living off customer service.

u320 8y ago
> You're talking about a guy who has no shame in using a publicly traded company (Oracle) to bail himself out of personal investments gone wrong (See Pillar Data). Kind of like using SpaceX to fund SolarCity and then using Tesla to bail out SolarCity so that SpaceX bond holdings doesn't go bust?
- tw04 8y ago
  >Tesla to bail out SolarCity so that SpaceX bond holdings doesn't go bust? Right... so SpaceX doesn't go bust. Not "so he can personally enrich himself". Nothing I've seen thus far from Elon indicates to me that his decision making is based entirely on his personal net-worth. In fact most of his moves show the exact OPPOSITE - that he doesn't care at all about his personal wealth and he cares about changing the world/completing his vision. I have absolutely no issues with him using one company to prop up another because he needs both to reach his end-goal. If he was using one company to bail-out a failed investment so his bank account looks a little better I've got a LOT of problems with it.
  - vkou 8y ago
    Elon is a majority shareholder in SpaceX.
    - tw04 8y ago
      >Elon is a majority shareholder in SpaceX. And you think the reason Space-x exists is to make Elon richer? Or you think it's because he wants to see humans colonize the universe? The entirety of Oracle's existence is to make Larry rich. While I think Elon needs to get off twitter and never post another message there again, I think his reasons for founding Space-X and Tesla go far, far beyond personal wealth. There are a million other investments he could've gone in on to enrich himself without risking everything.
      - vkou 8y ago
        It doesn't matter what I think it's purpose is. As a TSLA officer, his job is to use TSLA resources to produce value for TSLA shareholders, not to bail out unrelated companies, especially ones that have a big friggin conflict of interest attached to them. It doesn't matter if SpaceX's stated mission is a vanity Mars project, or something easier, and actually useful, like eradicating malaria, or stopping AGW, or bringing about the Worker's Paradise to Earth. You don't pilfer a publically traded company to fund it.
      - Robotbeat 8y ago
        Yeah, Tesla and SpaceX are most certainly related. They share engineering teams. Tesla gets a big bump in the public’s eye with SpaceX’s accomplishments. People call Teslas “a spaceship for Earth” and there’s zero ambiguity about why that specific comparison is made. It’s pretty much the definition of a mutually beneficial relationship.
        cowmix 8y ago
        They really don't share anything except for Elon.. which is both great and drives me nuts.
- deleted 8y ago
  [deleted]
picodguyo 8y ago
> Tesla has made a living off customer service. I'm curious what gives you this impression. I'm a Tesla owner and consider their customer service their biggest shortcoming at present. Fortunately, the quality of the vehicles and mission make up for it in my mind.

walrus01 8y ago

I think it is not good news. Ellison's preferred business model is to keep everything as opaque as possible, hide technical details away from the customer, obtain security through obscurity, and sic teams of aggressive lawyers on almost anyone and everyone. And that's before I get into describing the Oracle business model of locking customers into platforms that are nearly impossible to migrate away from.

pastor_elm 8y ago

He invented the cloud

deleted 8y ago
[deleted]
kerng 8y ago
Its the unbreakable cloud. Don't forget that. :) How anyone still uses Oracle is beyond me anyway...
cowmix 8y ago
Dood, I am NOT a fan of Larry but he was a very, very booster of the cloud... and I'm not even a fan of that idea. But give credit where credit is due.
foxfired 8y ago
Or didn't invent the cloud: Exhibit A -> "What the hell is cloud computing?" https://www.youtube.com/watch?v=0FacYAI6DY0 https://www.youtube.com/watch?v=0FacYAI6DY0
unstatusthequo 8y ago
I thought Al Gore did?

njharman 8y ago

It's good if you've shorted TSLA. Otherwise not so much.