7 ms·

If you believe your company's stock is overvalued, how can you fault someone for selling the stock? Bill Gates sold TSLA stock that he borrowed. If you truly be

If you believe your company's stock is overvalued, how can you fault someone for selling the stock? Bill Gates sold TSLA stock that he borrowed. If you truly believe that TSLA is overvalued, then it makes no sense to fault someone for selling it.

mlindner 4y ago
He doesn't find fault with people selling the stock. He finds fault with people shorting the stock. He seems to believe shorting in general is morally wrong as it's external influences who don't understand the goal (or actively want the goal to fail) trying to make money on the failure of something. Try and find any instance of him attacking anyone who was an investor and then sold out.
- selfportrait 4y ago
  I’m a little confounded that you suggest Elon believes shorting to be “morally wrong”. Why conflate his ego and financial stake with “morality”? Plus, Elon has proven himself to be morally nefarious more than anything. With the law and social expectations and plenty more. The only thing I can find about Elon and his utterance of morality is him saying it was morally wrong to ban Donald Trump. What a joke.
  - mlindner 4y ago
    > I’m a little confounded that you suggest Elon believes shorting to be “morally wrong”. Why conflate his ego and financial stake with “morality”? Because in the over ten years I have of watching what he says and what he does I've found him to be a forthright person who says what he thinks. He's not the type to intentionally deceive others. He's often wrong, but he's upfront with what he thinks. Also he's shown many times to not be interested in financial merits. He wants to achieve great things and be known for doing great things. He only cares about money in the sense that it lets him achieve the goals he wants to achieve. > Plus, Elon has proven himself to be morally nefarious more than anything. With the law and social expectations and plenty more. I've not seen that myself. I've seen him let his emotions get out of control many a time that he often regrets, but I've not seen him act in an explicitly nefarious way. > The only thing I can find about Elon and his utterance of morality is him saying it was morally wrong to ban Donald Trump. What a joke. He didn't say that it was morally wrong to ban Donald Trump. That was an oft-repeated synthesized quote that was also taken out of context. He doesn't particularly like Donald Trump at all.
    - tsimionescu 4y ago
      > He's not the type to intentionally deceive others. Have you seen him tweet that he was in a deal to take Tesla private? Have you seen his Solar Tiles marketing stunt, where he was claiming all of the houses around him had functioning solar tiles, when instead they were pure props? Have you seen him sell FSD with a promise that it will work in 1 year, and that it will literally pay for itself by letting your car be an autonomous taxi while you are at work? Have you seen him claim the Tesla Cybertruck will be available for pre-orders next year? Have you seen him claim he is backing out of this Twitter deal because of the many bots on Twitter, when he was previously claiming that he is buying Twitter to fix the bot problem? There are instances where he might have indeed believed the ridiculous promises he was making, but he has a long history of directly lying to consumers and investors to get his way or manipulate stock (or crypto) prices.
      - mlindner 4y ago
        > Have you seen him tweet that he was in a deal to take Tesla private? Except he was. Have you seen the leaked tweets between him and the Saudis? He had verbal guarantees of funding and he trusted them at their word. That goes back to him being truthful, he doesn't have much ability to spot people lying to him and takes great offense at it when he finds out he was lied to. > Have you seen his Solar Tiles marketing stunt, where he was claiming all of the houses around him had functioning solar tiles, when instead they were pure props? It's not a marketing stunt. My friend works on them and Tesla sells them. > Have you seen him sell FSD with a promise that it will work in 1 year, and that it will literally pay for itself by letting your car be an autonomous taxi while you are at work? That's him being honest of his own thoughts on the matter. He keeps thinking that they're close to it being complete but then the improvement rate plateaus. He's commented as such in in interviews when asked about the repeated 1 year time periods. And the autonomous taxi is still the plan. That hasn't changed. > Have you seen him claim the Tesla Cybertruck will be available for pre-orders next year? Because events in the business changed. What their plans are at one point in time doesn't mean that what they say will happen. > Have you seen him claim he is backing out of this Twitter deal because of the many bots on Twitter, when he was previously claiming that he is buying Twitter to fix the bot problem? Except he wasn't saying he was buying Twitter to fix the bot problem. That was never the plan at all. A lot of you people have ridiculous recency bias where you completely forget the events of even a few months ago. I've seen several people in this thread state this assuredly when only a couple weeks ago we were all talking about him buying Twitter to create a internet public town square and how it was about not banning people for what they say (and people claiming how horrible this idea was), but now suddenly that's all gone and its about bots. Elon is more trustworthy than most of the posters on hacker news and reddit as at least he's consistent. > There are instances where he might have indeed believed the ridiculous promises he was making, but he has a long history of directly lying to consumers and investors to get his way or manipulate stock (or crypto) prices. He has a long history of making crazy predictions, and fulfilling some of them while others completely flop. A lot of people doubted that Tesla would reach 500,000 vehicles per year production rate, and yet they have, almost exactly when they planned to. Growing at a rate faster than any automotive company has grown in history. A lot of people doubted that SpaceX could re-use rockets and now they land rockets multiple times per month and re-fly them within only 2-3 weeks. A few weeks ago they launched 3 rockets (that were all being re-used) in the span of 36 hours. (Oh and the whole supposed crypto pump and dump is a myth given that he's never come around and stopped supporting it. He's never manipulated stock prices/crypto for personal gain.) People ignore all the promises he's fulfilled and focus on the promises that either haven't come true yet or the promises that were discarded for a better idea. The general public on the internet is incredibly disingenuous about Elon and it drives me to frustration all the time. It seems to be largely an internet problem as most people I know IRL are either neutral on him (don't really care) or like what he's done.

mlindner 4y ago

He doesn't find fault with people selling the stock. He finds fault with people shorting the stock. He seems to believe shorting in general is morally wrong as it's external influences who don't understand the goal (or actively want the goal to fail) trying to make money on the failure of something. Try and find any instance of him attacking anyone who was an investor and then sold out.

selfportrait 4y ago
I’m a little confounded that you suggest Elon believes shorting to be “morally wrong”. Why conflate his ego and financial stake with “morality”? Plus, Elon has proven himself to be morally nefarious more than anything. With the law and social expectations and plenty more. The only thing I can find about Elon and his utterance of morality is him saying it was morally wrong to ban Donald Trump. What a joke.
- mlindner 4y ago
  > I’m a little confounded that you suggest Elon believes shorting to be “morally wrong”. Why conflate his ego and financial stake with “morality”? Because in the over ten years I have of watching what he says and what he does I've found him to be a forthright person who says what he thinks. He's not the type to intentionally deceive others. He's often wrong, but he's upfront with what he thinks. Also he's shown many times to not be interested in financial merits. He wants to achieve great things and be known for doing great things. He only cares about money in the sense that it lets him achieve the goals he wants to achieve. > Plus, Elon has proven himself to be morally nefarious more than anything. With the law and social expectations and plenty more. I've not seen that myself. I've seen him let his emotions get out of control many a time that he often regrets, but I've not seen him act in an explicitly nefarious way. > The only thing I can find about Elon and his utterance of morality is him saying it was morally wrong to ban Donald Trump. What a joke. He didn't say that it was morally wrong to ban Donald Trump. That was an oft-repeated synthesized quote that was also taken out of context. He doesn't particularly like Donald Trump at all.
  - tsimionescu 4y ago
    > He's not the type to intentionally deceive others. Have you seen him tweet that he was in a deal to take Tesla private? Have you seen his Solar Tiles marketing stunt, where he was claiming all of the houses around him had functioning solar tiles, when instead they were pure props? Have you seen him sell FSD with a promise that it will work in 1 year, and that it will literally pay for itself by letting your car be an autonomous taxi while you are at work? Have you seen him claim the Tesla Cybertruck will be available for pre-orders next year? Have you seen him claim he is backing out of this Twitter deal because of the many bots on Twitter, when he was previously claiming that he is buying Twitter to fix the bot problem? There are instances where he might have indeed believed the ridiculous promises he was making, but he has a long history of directly lying to consumers and investors to get his way or manipulate stock (or crypto) prices.
    - mlindner 4y ago
      > Have you seen him tweet that he was in a deal to take Tesla private? Except he was. Have you seen the leaked tweets between him and the Saudis? He had verbal guarantees of funding and he trusted them at their word. That goes back to him being truthful, he doesn't have much ability to spot people lying to him and takes great offense at it when he finds out he was lied to. > Have you seen his Solar Tiles marketing stunt, where he was claiming all of the houses around him had functioning solar tiles, when instead they were pure props? It's not a marketing stunt. My friend works on them and Tesla sells them. > Have you seen him sell FSD with a promise that it will work in 1 year, and that it will literally pay for itself by letting your car be an autonomous taxi while you are at work? That's him being honest of his own thoughts on the matter. He keeps thinking that they're close to it being complete but then the improvement rate plateaus. He's commented as such in in interviews when asked about the repeated 1 year time periods. And the autonomous taxi is still the plan. That hasn't changed. > Have you seen him claim the Tesla Cybertruck will be available for pre-orders next year? Because events in the business changed. What their plans are at one point in time doesn't mean that what they say will happen. > Have you seen him claim he is backing out of this Twitter deal because of the many bots on Twitter, when he was previously claiming that he is buying Twitter to fix the bot problem? Except he wasn't saying he was buying Twitter to fix the bot problem. That was never the plan at all. A lot of you people have ridiculous recency bias where you completely forget the events of even a few months ago. I've seen several people in this thread state this assuredly when only a couple weeks ago we were all talking about him buying Twitter to create a internet public town square and how it was about not banning people for what they say (and people claiming how horrible this idea was), but now suddenly that's all gone and its about bots. Elon is more trustworthy than most of the posters on hacker news and reddit as at least he's consistent. > There are instances where he might have indeed believed the ridiculous promises he was making, but he has a long history of directly lying to consumers and investors to get his way or manipulate stock (or crypto) prices. He has a long history of making crazy predictions, and fulfilling some of them while others completely flop. A lot of people doubted that Tesla would reach 500,000 vehicles per year production rate, and yet they have, almost exactly when they planned to. Growing at a rate faster than any automotive company has grown in history. A lot of people doubted that SpaceX could re-use rockets and now they land rockets multiple times per month and re-fly them within only 2-3 weeks. A few weeks ago they launched 3 rockets (that were all being re-used) in the span of 36 hours. (Oh and the whole supposed crypto pump and dump is a myth given that he's never come around and stopped supporting it. He's never manipulated stock prices/crypto for personal gain.) People ignore all the promises he's fulfilled and focus on the promises that either haven't come true yet or the promises that were discarded for a better idea. The general public on the internet is incredibly disingenuous about Elon and it drives me to frustration all the time. It seems to be largely an internet problem as most people I know IRL are either neutral on him (don't really care) or like what he's done.