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> 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 Dat

by 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
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by u320 8y ago

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

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