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"Cus he's not that bright." I think you're confusing mental bandwidth with intelligence, likewise you seem to be putting him on a pedestal expecting him to hav
by loceng 5y ago
"Cus he's not that bright."
I think you're confusing mental bandwidth with intelligence, likewise you seem to be putting him on a pedestal expecting him to have an amazing network of advisors on every conceivable topic.
No, he's human and his limited attention is split between Tesla, SpaceX, and arguably the other projects he has. Likewise these are complex organizations with a lot of moving parts and it's impossible to not delegate to other competent people, hopefully more competent than not, and then if bad decisions are made by say a Board of Directors and/or CFO then it's perfectly reasonable to reverse course - it's more reasonable than expecting Elon to be an expert of everything, he's not super human.
However I imagine the situation's more complex than meets the eye, some people like you are sticking to cherrypicked facts, others are putting forward conspiracy theories founded on no evidence that this was Elon pumping and dumping purposefully, or that he's just doing it to piss off the SEC because he hates the SEC. Who knows.
Elon in the not so distant past tweeted: "Bitcoin is almost as much bs as fiat money" - so he certainly has enough of an idea to make that statement.