7 ms·

I just don't want a batshit crazy person running a company I invest in.

by Touche 6y ago

aantix 6y ago
The batshit crazy person that managed to turn the company around?
kortilla 6y ago
But he’s the reason it’s a company worth investing in...
_eht 6y ago
Pretty easy to miss investing in TSLA. FYI.
- deleted 6y ago
  [deleted]
dnautics 6y ago
Then don't invest?
bigyikes 6y ago
Seems like that would be a good personal indicator to not invest in Tesla then? A lot of people invest in Tesla in part because it is run by a “batshit crazy” person, though I’m sure those investors might phrase it differently.
- tachyonbeam 6y ago
  You say "batshit crazy", I say bold, forward thinking and disruptive... (:
- deleted 6y ago
  [deleted]
toomuchtodo 6y ago
I invested in Tesla because Elon is obsessive and bat shit crazy. To each their own risk adjusted investment strategies. BRK.B for some, 420 funding secured for others. I'm paying for the crazy. Sometimes the crazy bites back, but them the breaks.
deleted 6y ago
[deleted]
perseusprime11 6y ago
I am still debating if he is a sociopath or a psychopath.
- mcv 6y ago
  From what I understand, they are the same thing. And many CEOs are apparently sociopaths. And I think Musk is clearly one of the better ones. Admittedly crazy and dangerous when he starts picking stupid internet fights, but when he focuses on building his companies, he seems to work miracles, and he does seem to care about people and the planet, which is more than I can say from many others. There are plenty of psychopathic CEOs that suck at their job (like the one currently in the White House).
raheemm 6y ago
Batshit crazy? He just turned around Tesla, in an industry, where the last startup to succeed was over 80 years ago. Buy some Treasury bonds instead?
- semi-extrinsic 6y ago
  I don't know how you define "last startup to succeed", but... Hummer (1992, 28 years ago), Pagani (1992), McLaren (1985, 34 years ago), Kia (1974, 45 years ago), Hyundai (1967, 52 years ago) and even Jeep (1946, 74 years ago) and Saab (1945) seem like they would qualify as well?
  - AnthonyMouse 6y ago
    Hummer and Jeep both had their original vehicle designs funded by the US military. None of the rest of those are US companies.
mettamage 6y ago
I'm not the best in expressing this, but I believe to think like Elon Musk (except I'm lazy and not that bright), I think there are quite a few that think like Elon. Yes, I know how it sounds, but if you're obsessed about truth there's a chance you think like him as well. IMO Elon Musk is rational and also expressive. He thinks from first principles (aka how does the world really work?) and he communicates that way. Most people can't handle that. They can't handle when someone is expressive (aka the Tesla @ 420 tweet, he simply expresses his opinion) or reasoning from first principles (weed is legal right? Yea, might smoke it, might not, does it matter? New experience is new data, hmm, doesn't seem too interesting). They think he's insane. He isn't. He does live a bit in a bubble where he sometimes forgets that other people are judgmental, mostly in a conservative sense (compared to how he thinks). But those judgmental people don't see one thing: the guy is hunting for truth, finding it and he applies it to its product. Nothing beats truth* (the fact that we're using computers now and not an abacus is evidence of that) * All the standard considerations of science apply (falsification, learning from your mistakes and so on).
- jonny_eh 6y ago
  > Most people can't handle that Right, we can't handle a billionaire demanding that everyone risk their lives to boost his stock price. And since when are arguments derived from first principles delivered in 3 word all-caps tweets?
  - megaman821 6y ago
    You think Elon Musk's motivation is greed? That people going back to work or not will greatly affect his lifestyle? Is there any nuance when it comes to Elon Musk, or only fan-boys and haters?
    - LunaSea 6y ago
      I haven't seen him announce that he would make Tesla or Space X a non-profit so it's gotta be at least a little bit about money.
    - 6y ago
tomc1985 6y ago
I felt that way and sold most of my stock after one of his previous tirades. I also thought that whole truck debacle would hurt them a lot more than it did. I've since learned.... don't bet against Musk
- xkjkls 6y ago
  Depends on how long term your bet against him is.
enos_feedler 6y ago
I think it's important to put tweets into perspective. Twitter is a media platform not a window into someone's mind. I think his tweets are great and he should just keep them coming. It's entertainment.
justinmeiners 6y ago
Do conservative, PR polished, suits build great companies?
martimarkov 6y ago
You are completely free to not buy Tesla stock. I for one want to have a company I invest ran by that type of person. Nobody is forced into buying stocks and if you disagree with how one is ran you are welcome to sell
- oska 6y ago
  What's the point of even writing a comment like this? Comprised of completely obvious platitudes. We all know that we don't have to buy Tesla stock or can sell it if we decide we don't like the CEO. The point that people are making is that Elon is being highly irresponsible outside his management of the companies he is running (where he is doing a stunningly good job). He is also a public figure with a massive twitter following and the comments he is making on Covid-19 are misinformed and blind to existential & systemic risk and therefore dangerous. Even he has realised that with some, as shown by his deletion of a few of the stupider tweets. But as yet he hasn't apologised for or recognised the harm he has done. Fine for him to have an opinion, even a stupid one, but as a public figure there is responsibility on him to be much more circumspect in publicly sharing it. Where is Elon acknowledging that if he hadn't been part of the crowd who were downplaying the risk through January, February, March and even now, the US may have acted sooner and thus limited the need to shutdown or, like Taiwan who started acting on December 31st last year, not have had to shut down at all?
artursapek 6y ago
Then invest in fucking GM lol
puranjay 6y ago
To be fairly honest, lots of extremely competent people hold some batshit insane opinions about a lot of pretty important things. I posit Steve Jobs and his alternative therapy beliefs: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4924574/ https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4924574/
- markstos 6y ago
  What did you want readers to get out of that link to support your argument that Steve Jobs therapy beliefs were batshit insane? From the link: "It is unknown whether Jobs’ outcomes would have been different if he had pursued surgery at the time of his diagnosis, or if had followed a specific chemotherapy protocol. And it is unknown how effective any of his acupuncture, botanical and dietary approaches may have been before or after his surgery." Dr. McDougall concluded that "The overall consensus was, and still is, that Jobs acted selfishly, stupidly, and irresponsibly when he refused surgery in October of 2003, at the time of his original diagnosis. Based on the natural history of his disease, Jobs acted in none of these ways. The cancer had spread many years before his diagnosis, and was unstoppable by any means." https://www.drmcdougall.com/misc/2011nl/nov/jobs.htm https://www.drmcdougall.com/misc/2011nl/nov/jobs.htm
  - Zenbit_UX 6y ago
    While not about therapy, his strict fruit diet despite all warnings should be evidence enough of Ops point.
- Barrin92 6y ago
  The difference being that Steve Jobs wasn't up at 2 am in the morning ranting about taking his company private at 420. The reason why there's a pretty compelling reason to point out that Steve Jobs was a good leader was because he actually did good things, and the company struggled in his abscence. What has Elon himself actually done that looks like good management? Put an adult in charge of the company and see if they can't do better.
  - oska 6y ago
freepor 6y ago
He's been running the company since it was public so if you consider him batshit crazy then I'm sure you don't own any stock.
SEJeff 6y ago
I invested in TSLA at $212 / share. Elon is nuts, but the 200 TLSA shares I'm still holding (I sold a few to cover all of my initial capital expense) are doing just fine. Nuts or not, his track record is getting things done others thought impossible. Now the industry is starting to come around that yes, you can in fact use machine vision in place of lidar since Tesla has published how they essentially use the same algorithms as LIDAR due to the way they structured their neural nets. Let's not forget this is the guy that invented what became (x.com) paypal before online banking even existed. He also made one of the very first online "phone books" before going to invest in early stage Tesla and land orbital class rockets on boats, something no government has even ever done.

I just don't want a batshit crazy person running a company I invest in.

by Touche 6y ago

I just don't want a batshit crazy person running a company I invest in.

aantix 6y ago

The batshit crazy person that managed to turn the company around?

kortilla 6y ago

But he’s the reason it’s a company worth investing in...

_eht 6y ago

Pretty easy to miss investing in TSLA. FYI.

deleted 6y ago
[deleted]

dnautics 6y ago

Then don't invest?

bigyikes 6y ago

Seems like that would be a good personal indicator to not invest in Tesla then? A lot of people invest in Tesla in part because it is run by a “batshit crazy” person, though I’m sure those investors might phrase it differently.

tachyonbeam 6y ago
You say "batshit crazy", I say bold, forward thinking and disruptive... (:
deleted 6y ago
[deleted]

toomuchtodo 6y ago

I invested in Tesla because Elon is obsessive and bat shit crazy. To each their own risk adjusted investment strategies. BRK.B for some, 420 funding secured for others. I'm paying for the crazy. Sometimes the crazy bites back, but them the breaks.

deleted 6y ago

[deleted]

perseusprime11 6y ago

I am still debating if he is a sociopath or a psychopath.

mcv 6y ago
From what I understand, they are the same thing. And many CEOs are apparently sociopaths. And I think Musk is clearly one of the better ones. Admittedly crazy and dangerous when he starts picking stupid internet fights, but when he focuses on building his companies, he seems to work miracles, and he does seem to care about people and the planet, which is more than I can say from many others. There are plenty of psychopathic CEOs that suck at their job (like the one currently in the White House).

raheemm 6y ago

Batshit crazy? He just turned around Tesla, in an industry, where the last startup to succeed was over 80 years ago. Buy some Treasury bonds instead?

semi-extrinsic 6y ago
I don't know how you define "last startup to succeed", but... Hummer (1992, 28 years ago), Pagani (1992), McLaren (1985, 34 years ago), Kia (1974, 45 years ago), Hyundai (1967, 52 years ago) and even Jeep (1946, 74 years ago) and Saab (1945) seem like they would qualify as well?
- AnthonyMouse 6y ago
  Hummer and Jeep both had their original vehicle designs funded by the US military. None of the rest of those are US companies.

mettamage 6y ago

I'm not the best in expressing this, but I believe to think like Elon Musk (except I'm lazy and not that bright), I think there are quite a few that think like Elon. Yes, I know how it sounds, but if you're obsessed about truth there's a chance you think like him as well. IMO Elon Musk is rational and also expressive. He thinks from first principles (aka how does the world really work?) and he communicates that way. Most people can't handle that. They can't handle when someone is expressive (aka the Tesla @ 420 tweet, he simply expresses his opinion) or reasoning from first principles (weed is legal right? Yea, might smoke it, might not, does it matter? New experience is new data, hmm, doesn't seem too interesting). They think he's insane. He isn't. He does live a bit in a bubble where he sometimes forgets that other people are judgmental, mostly in a conservative sense (compared to how he thinks). But those judgmental people don't see one thing: the guy is hunting for truth, finding it and he applies it to its product. Nothing beats truth* (the fact that we're using computers now and not an abacus is evidence of that) * All the standard considerations of science apply (falsification, learning from your mistakes and so on).

jonny_eh 6y ago
> Most people can't handle that Right, we can't handle a billionaire demanding that everyone risk their lives to boost his stock price. And since when are arguments derived from first principles delivered in 3 word all-caps tweets?
- megaman821 6y ago
  You think Elon Musk's motivation is greed? That people going back to work or not will greatly affect his lifestyle? Is there any nuance when it comes to Elon Musk, or only fan-boys and haters?
  - LunaSea 6y ago
    I haven't seen him announce that he would make Tesla or Space X a non-profit so it's gotta be at least a little bit about money.
  - 6y ago

tomc1985 6y ago

I felt that way and sold most of my stock after one of his previous tirades. I also thought that whole truck debacle would hurt them a lot more than it did. I've since learned.... don't bet against Musk

xkjkls 6y ago
Depends on how long term your bet against him is.

enos_feedler 6y ago

I think it's important to put tweets into perspective. Twitter is a media platform not a window into someone's mind. I think his tweets are great and he should just keep them coming. It's entertainment.

justinmeiners 6y ago

Do conservative, PR polished, suits build great companies?

martimarkov 6y ago

You are completely free to not buy Tesla stock. I for one want to have a company I invest ran by that type of person. Nobody is forced into buying stocks and if you disagree with how one is ran you are welcome to sell

oska 6y ago
What's the point of even writing a comment like this? Comprised of completely obvious platitudes. We all know that we don't have to buy Tesla stock or can sell it if we decide we don't like the CEO. The point that people are making is that Elon is being highly irresponsible outside his management of the companies he is running (where he is doing a stunningly good job). He is also a public figure with a massive twitter following and the comments he is making on Covid-19 are misinformed and blind to existential & systemic risk and therefore dangerous. Even he has realised that with some, as shown by his deletion of a few of the stupider tweets. But as yet he hasn't apologised for or recognised the harm he has done. Fine for him to have an opinion, even a stupid one, but as a public figure there is responsibility on him to be much more circumspect in publicly sharing it. Where is Elon acknowledging that if he hadn't been part of the crowd who were downplaying the risk through January, February, March and even now, the US may have acted sooner and thus limited the need to shutdown or, like Taiwan who started acting on December 31st last year, not have had to shut down at all?

artursapek 6y ago

Then invest in fucking GM lol

puranjay 6y ago

To be fairly honest, lots of extremely competent people hold some batshit insane opinions about a lot of pretty important things. I posit Steve Jobs and his alternative therapy beliefs: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4924574/ https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4924574/

markstos 6y ago
What did you want readers to get out of that link to support your argument that Steve Jobs therapy beliefs were batshit insane? From the link: "It is unknown whether Jobs’ outcomes would have been different if he had pursued surgery at the time of his diagnosis, or if had followed a specific chemotherapy protocol. And it is unknown how effective any of his acupuncture, botanical and dietary approaches may have been before or after his surgery." Dr. McDougall concluded that "The overall consensus was, and still is, that Jobs acted selfishly, stupidly, and irresponsibly when he refused surgery in October of 2003, at the time of his original diagnosis. Based on the natural history of his disease, Jobs acted in none of these ways. The cancer had spread many years before his diagnosis, and was unstoppable by any means." https://www.drmcdougall.com/misc/2011nl/nov/jobs.htm https://www.drmcdougall.com/misc/2011nl/nov/jobs.htm
- Zenbit_UX 6y ago
  While not about therapy, his strict fruit diet despite all warnings should be evidence enough of Ops point.
Barrin92 6y ago
The difference being that Steve Jobs wasn't up at 2 am in the morning ranting about taking his company private at 420. The reason why there's a pretty compelling reason to point out that Steve Jobs was a good leader was because he actually did good things, and the company struggled in his abscence. What has Elon himself actually done that looks like good management? Put an adult in charge of the company and see if they can't do better.
- oska 6y ago

freepor 6y ago

He's been running the company since it was public so if you consider him batshit crazy then I'm sure you don't own any stock.

SEJeff 6y ago

I invested in TSLA at $212 / share. Elon is nuts, but the 200 TLSA shares I'm still holding (I sold a few to cover all of my initial capital expense) are doing just fine. Nuts or not, his track record is getting things done others thought impossible. Now the industry is starting to come around that yes, you can in fact use machine vision in place of lidar since Tesla has published how they essentially use the same algorithms as LIDAR due to the way they structured their neural nets. Let's not forget this is the guy that invented what became (x.com) paypal before online banking even existed. He also made one of the very first online "phone books" before going to invest in early stage Tesla and land orbital class rockets on boats, something no government has even ever done.