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Just the other day I was defending EM that he has the freedom to express himself. Today I deplore him for making the tweet that impact the stock price and hence

by vgchh 6y ago

Just the other day I was defending EM that he has the freedom to express himself. Today I deplore him for making the tweet that impact the stock price and hence financial well being of shareholders, without sufficient explanation. Why is the stock price too high? Or are you just kidding? How should we be interpreting this riddle?

Udik 6y ago
Maybe I'm naive, but isn't the market cap of Tesla twice that of Volkswagen, a company that sells 10 million vehicles each year? How can the question be "why is the price too high"? I feel like the price of Tesla is as disconnected from any physical reality as that of bitcoin. Pure speculation, in other terms.
- neaden 6y ago
  The point is that the CEO of a company has certain duties, and tweeting like this goes against them. Consider how easy it would be for a CEO to manipulate the stock market with statements like this to enrich themselves or people they've informed. In addition, Elon Musk has been fined by the SEC before for making statements like this.
  - fastball 6y ago
    I don't agree. The duty of a CEO is to be honest.
naveen99 6y ago
He said it was his opinion.
- vgchh 6y ago
  Unfortunately as CEO of a public company, I don’t believe he can make stock moving statements casually, without backing it by information. It can’t be left as an exercise for the reader - if it’s opinion, why does he think so? Or maybe he is j/k. How should we decode this information?
  - naveen99 6y ago
    Kidding is hard to differentiate from lying. Opinions are opinions, by definition truthful and subjective.
    - gowld 6y ago
      Not all opinions are honest. en.wiktionary.org/wiki/in_my_honest_opinion en.wiktionary.org/wiki/concern_troll
      - naveen99 6y ago
        Dishonest opinions are really lies about the true opinion.
- adrianmonk 6y ago
  That qualifier isn't good enough, of course. He has access to tons of insider information. Anyone can have an opinion, but his is different because people justifiably assume it's an educated opinion.
kjakm 6y ago
I’m presuming here that you were defending his “freedom” tweets the other day? If so I’m genuinely curious why you defend his freedom to express opinions that could lead to further deaths and spread of a virus but you deplore him now that his opinion has an impact on money? It seems like a bizzare place to draw a line.

by vgchh 6y ago

Udik 6y ago

Maybe I'm naive, but isn't the market cap of Tesla twice that of Volkswagen, a company that sells 10 million vehicles each year? How can the question be "why is the price too high"? I feel like the price of Tesla is as disconnected from any physical reality as that of bitcoin. Pure speculation, in other terms.

neaden 6y ago
The point is that the CEO of a company has certain duties, and tweeting like this goes against them. Consider how easy it would be for a CEO to manipulate the stock market with statements like this to enrich themselves or people they've informed. In addition, Elon Musk has been fined by the SEC before for making statements like this.
- fastball 6y ago
  I don't agree. The duty of a CEO is to be honest.

naveen99 6y ago

He said it was his opinion.

vgchh 6y ago
Unfortunately as CEO of a public company, I don’t believe he can make stock moving statements casually, without backing it by information. It can’t be left as an exercise for the reader - if it’s opinion, why does he think so? Or maybe he is j/k. How should we decode this information?
- naveen99 6y ago
  Kidding is hard to differentiate from lying. Opinions are opinions, by definition truthful and subjective.
  - gowld 6y ago
    Not all opinions are honest. en.wiktionary.org/wiki/in_my_honest_opinion en.wiktionary.org/wiki/concern_troll
    - naveen99 6y ago
      Dishonest opinions are really lies about the true opinion.
adrianmonk 6y ago
That qualifier isn't good enough, of course. He has access to tons of insider information. Anyone can have an opinion, but his is different because people justifiably assume it's an educated opinion.

kjakm 6y ago

I’m presuming here that you were defending his “freedom” tweets the other day? If so I’m genuinely curious why you defend his freedom to express opinions that could lead to further deaths and spread of a virus but you deplore him now that his opinion has an impact on money? It seems like a bizzare place to draw a line.