4 ms·

Tesla shares sink, wipe out over $125B in value, as Musk scores Twitter deal

6 points by heavyset_go 5y ago

powerbroker 5y ago
Even superhuman have a finite amount of attention. Elon has so many irons in the fire, that he is simply going to run out of bandwidth to keep all his businesses operating with the 'Musk-touch'. Sleep deprivation and too many hops between time zones contribute to waning attention to each of the Musk projects. At some point, Elon is just going to subdivide his time so much that one or more projects don't get the full attention it deserves. Now that is just for starters. Elon surely has pledged such a chunk of his Tesla stock, that it starts to become 'at risk' for margin calls. So, its a double-barreled threat that Tesla is under, within this new scenario.
- salawat 5y ago
  Hold up. Where is this concern for juniors? Where is this concern for literally anyone else? Anyone else = meh, builds character. Musk or a billionaire? Ooooo! Everyone look out! He might just be human! Frickin market man. Absolutely in-sane.
jerojero 5y ago
That's interesting. Because I thought this move is precisely to help the rest of musk's enterprises, I mean, why else would a billionaire buy a communication platform? Though the article brings up good points, conflicts with China and him getting "distracted". But to this second point, it sort of links musk's personality to the success of Tesla and in this regard, wouldn't it be a good thing that he is now in charge of twitter? Finally it's not as though what markets say is a good or a bad move is the truth and I think often times they are very sensible to momentarily panic/hype. There is so much that can go wrong or that can go well. But to me what's clear is that buying twitter was not a "this is a very good profitable business" decision. To finalise, in Chile at least, it is not uncommon for billionaires to buy local mass media (tv, newspapers, radio) and most of the time these are businesses that lose money. But in reality, the ability to moderate and shape public discourse is incredibly more important than direct revenue.
hindsightbias 5y ago
But how is Bill Gates’ short doing?
ComradePhil 5y ago
It has little to do with Twitter and everything to do with India announcing that they will not import cars from Giga Sanghai. The announcement of Giga Sanghai had increased Tesla's stock price by 15% in a few days, back in February. India was supposed to be one of the biggest markets that Giga Sanghai would serve... but India has decided they don't want Teslas from China... which explains the drop in stock prices now. You know a news site is fake if it peddles obvious lies. For example, Bezos compost does reports the same lies: https://www.washingtonpost.com/technology/2022/04/26/elon-musk-tesla-twitter-stock/ https://www.washingtonpost.com/technology/2022/04/26/elon-mu...
- MrMan 5y ago
  The market probably has a few reasons, journalists simply speculate about what they may be, as are you.

6 points by heavyset_go 5y ago

Even superhuman have a finite amount of attention. Elon has so many irons in the fire, that he is simply going to run out of bandwidth to keep all his businesses operating with the 'Musk-touch'. Sleep deprivation and too many hops between time zones contribute to waning attention to each of the Musk projects. At some point, Elon is just going to subdivide his time so much that one or more projects don't get the full attention it deserves. Now that is just for starters. Elon surely has pledged such a chunk of his Tesla stock, that it starts to become 'at risk' for margin calls. So, its a double-barreled threat that Tesla is under, within this new scenario.

salawat 5y ago
Hold up. Where is this concern for juniors? Where is this concern for literally anyone else? Anyone else = meh, builds character. Musk or a billionaire? Ooooo! Everyone look out! He might just be human! Frickin market man. Absolutely in-sane.

jerojero 5y ago

That's interesting. Because I thought this move is precisely to help the rest of musk's enterprises, I mean, why else would a billionaire buy a communication platform? Though the article brings up good points, conflicts with China and him getting "distracted". But to this second point, it sort of links musk's personality to the success of Tesla and in this regard, wouldn't it be a good thing that he is now in charge of twitter? Finally it's not as though what markets say is a good or a bad move is the truth and I think often times they are very sensible to momentarily panic/hype. There is so much that can go wrong or that can go well. But to me what's clear is that buying twitter was not a "this is a very good profitable business" decision. To finalise, in Chile at least, it is not uncommon for billionaires to buy local mass media (tv, newspapers, radio) and most of the time these are businesses that lose money. But in reality, the ability to moderate and shape public discourse is incredibly more important than direct revenue.

hindsightbias 5y ago

But how is Bill Gates’ short doing?

ComradePhil 5y ago

It has little to do with Twitter and everything to do with India announcing that they will not import cars from Giga Sanghai. The announcement of Giga Sanghai had increased Tesla's stock price by 15% in a few days, back in February. India was supposed to be one of the biggest markets that Giga Sanghai would serve... but India has decided they don't want Teslas from China... which explains the drop in stock prices now. You know a news site is fake if it peddles obvious lies. For example, Bezos compost does reports the same lies: https://www.washingtonpost.com/technology/2022/04/26/elon-musk-tesla-twitter-stock/ https://www.washingtonpost.com/technology/2022/04/26/elon-mu...

MrMan 5y ago
The market probably has a few reasons, journalists simply speculate about what they may be, as are you.