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1) His factory cannot get moving, due to restrictions, he's using a populist platform to make sure people know it's not his fault, and to put pressure on the co

by jariel 7y ago

1) His factory cannot get moving, due to restrictions, he's using a populist platform to make sure people know it's not his fault, and to put pressure on the county. 2) He's using Twitter a little bit like Trump - saying somewhat inflammatory things, tapping into an emotional vein, possibly garnering support from fanboys, making noise. Twitter it seems, is a place where statements don't have to be fully true or real. It's like an 'emotional landscape' where people can push the buttons of the masses and get away with it. A lot of people in the investor class right now are upset their stocks are falling, they see the pandemic is not as bad as predicted and they want everyone back to work. Many working people feel similarly. But a larger group of people, especially those in difficult conditions, are rightly afraid; the 'meatpacking plants' in various places have had huge covid outbreaks and some deaths, in Canada it's been a serious source of outbreak. There's no reason to believe it won't be the same anywhere else. But Elon is missing something in his rants: if and when the factory does startup, there will be a COVID outbreak on some level and there is a very high chance that a Tesla employee somewhere, somehow will die from COVID. Now it may not be 'his fault' but it won't matter. If Elon is seeing as being unsympathetic and not concerned about his staff - and - someone dies from Covid (one way or another, possibly not even really related to his policy) - then it could blow up and backfire on him in an existential way. CNN: "Elon Musk forces people back to work; 2 dead from Covid" - is the kind of stain that does not come off. Elon needs to spend a lot more time publicly demonstrating empathy and showing materially how he is working protecting his workers.

photoGrant 7y ago
I’m shocked you’re downvoted as you have a level headed opinion that doesn’t polarise and pick objectives. It’s the problem not seen
ac29 7y ago
> A lot of people in the investor class right now are upset their stocks are falling I'm not sure this is entirely true - stocks are worth more than they were last June, way before this crisis started and have trended up over the past month. Maybe this will still be true in 6 months or a year, maybe not - its far too early to say. If anything, it seems the "investor class" thinks there are bargains to be had right now.
- jariel 7y ago
  Almost everyone lost out, and so they are down from the peak, so the bargains are neutral, or rather, they don't have the excess cash for them. Very few had the wherewithal to time it right. But culturally, the business world has an innate paternalistic industriousness. They want to 'get things moving' on a much deeper level. Musk is saying what most business leaders are thinking, right or wrong.
  - perl4ever 7y ago
    The Nasdaq is up for the year. Everybody panicked around March 13th, and the market bottom appears to have been within a week of that. It's been nearly straight up from there. I don't know if Wall Street was right yet, but that was its verdict. Now, it's true that my IRA is down a little, but I'm not really "the investor class". You say "very few had the wherewithal to time it right", but I'd question that, because all it took, in principle, was doing nothing. Not possible for everyone who's unemployed, for instance, but not something that takes large amounts of brains or capital.
  - ac29 7y ago
    > Almost everyone lost out Yeah, this just isnt true. Every dollar put into the market a year ago has increased in value (broadly speaking, individual investments obviously vary). Being "down from the peak" doesnt matter, what matters is where you are compared to cash (aka, not investing).

by jariel 7y ago

photoGrant 7y ago

I’m shocked you’re downvoted as you have a level headed opinion that doesn’t polarise and pick objectives. It’s the problem not seen

ac29 7y ago

> A lot of people in the investor class right now are upset their stocks are falling I'm not sure this is entirely true - stocks are worth more than they were last June, way before this crisis started and have trended up over the past month. Maybe this will still be true in 6 months or a year, maybe not - its far too early to say. If anything, it seems the "investor class" thinks there are bargains to be had right now.

jariel 7y ago
Almost everyone lost out, and so they are down from the peak, so the bargains are neutral, or rather, they don't have the excess cash for them. Very few had the wherewithal to time it right. But culturally, the business world has an innate paternalistic industriousness. They want to 'get things moving' on a much deeper level. Musk is saying what most business leaders are thinking, right or wrong.
- perl4ever 7y ago
  The Nasdaq is up for the year. Everybody panicked around March 13th, and the market bottom appears to have been within a week of that. It's been nearly straight up from there. I don't know if Wall Street was right yet, but that was its verdict. Now, it's true that my IRA is down a little, but I'm not really "the investor class". You say "very few had the wherewithal to time it right", but I'd question that, because all it took, in principle, was doing nothing. Not possible for everyone who's unemployed, for instance, but not something that takes large amounts of brains or capital.
- ac29 7y ago
  > Almost everyone lost out Yeah, this just isnt true. Every dollar put into the market a year ago has increased in value (broadly speaking, individual investments obviously vary). Being "down from the peak" doesnt matter, what matters is where you are compared to cash (aka, not investing).