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> The stock price which is now... close to 2x the exaggerated $420 claim? Yeah, maybe he knew something you didn't. That.. doesn't mean it wasn't stock manipul
by dkersten 6y ago
> The stock price which is now... close to 2x the exaggerated $420 claim? Yeah, maybe he knew something you didn't.
That.. doesn't mean it wasn't stock manipulation. Its not really about the stock price, its about whether he caused people to buy or sell based on false claims or information.
> He has different risk/reward beliefs than you. If he was working from home while his employees sweated unsafely on the factory line, that's one thing -- but he's also been in the office working beside them the whole time. He cares about what he's trying to do, and his risk/reward function is "fuck it".
That doesn't make it ok, nor does it mean his employees don't feel pressured to go against their own risk/reward beliefs. There have been plenty of stories of Musk flippantly firing people for not "working hard enough". You might say well people who work there have other options and could choose to work elsewhere, but is it really a real choice if the person otherwise believes strongly in the mission, or is blinded by Musk's personal brand, or otherwise loves their job, or is worried about the economy due to pandemic. There are plenty of reasons why someone might feel pressured to work even if they do not feel its safe. The risk/reward function for a billionaire is not the same as for the average person working for him. Just because he thinks "fuck it" doesn't make it ok to put his employees at risk.