4 ms·

Do you mean he only recently got overconfident? Just a reminder that he already got fined $40 million for his "going private at 420" joke.

jakelazaroff 4y ago
Just to put this in perspective: if your net worth is $100,000, this is the equivalent of being fined $14. (Based on Elon's net worth of $278 billion, according to Google)
- kergonath 4y ago
  Still not a great example of a supposedly superior intellect.
colinmhayes 4y ago
The private at 420 thing was absolutely worth $40 million. It helped elevate Tesla to the meme stock stratosphere even more than they already were. His Twitter antics turned a 200 billion dollar company into a trillion dollar one.
- pcmoney 4y ago
  Sounds like twtr is worth $800B then? ;)
- Bubble_Pop_22 4y ago
  > It helped elevate Tesla to the meme stock stratosphere even more than they already were. His Twitter antics turned a 200 billion dollar company into a trillion dollar one Zoom out! Everybody loved GagnamStyle and Baby Shark too, but they are not getting on radio and people would be indifferent to the disappearence of the artist who made those songs. MarketCap is a flawed measure for tons of reasons (in my opinion FCF is king) but if you want to use such flawed measure then time spent in the S&P500 would be a meaningful way to go about it. Tesla has been in the SP500 for how long? 1.5 years? If JPMorgan went bankrupt tomorrow you'd see people literally in the streets crying (for a whole bunch of reasons both at the macro and micro level) much like when Michael Jackson died. If Tesla went bankrupt tomorrow it would be like if PSY of GagnamStyle fame died, a bunch of hardcore devote followers would mourn but the world would move on pretty quickly.
  - colinmhayes 4y ago
    Well musk has already sold a bunch of Tesla shares and made a lot of money off the tweet. Way more than $40 million
irthomasthomas 4y ago
And that court case is scheduled the week after this one. Musk has 3 major trials in October.

jakelazaroff 4y ago

Just to put this in perspective: if your net worth is $100,000, this is the equivalent of being fined $14. (Based on Elon's net worth of $278 billion, according to Google)

kergonath 4y ago
Still not a great example of a supposedly superior intellect.

colinmhayes 4y ago

The private at 420 thing was absolutely worth $40 million. It helped elevate Tesla to the meme stock stratosphere even more than they already were. His Twitter antics turned a 200 billion dollar company into a trillion dollar one.

pcmoney 4y ago
Sounds like twtr is worth $800B then? ;)
Bubble_Pop_22 4y ago
> It helped elevate Tesla to the meme stock stratosphere even more than they already were. His Twitter antics turned a 200 billion dollar company into a trillion dollar one Zoom out! Everybody loved GagnamStyle and Baby Shark too, but they are not getting on radio and people would be indifferent to the disappearence of the artist who made those songs. MarketCap is a flawed measure for tons of reasons (in my opinion FCF is king) but if you want to use such flawed measure then time spent in the S&P500 would be a meaningful way to go about it. Tesla has been in the SP500 for how long? 1.5 years? If JPMorgan went bankrupt tomorrow you'd see people literally in the streets crying (for a whole bunch of reasons both at the macro and micro level) much like when Michael Jackson died. If Tesla went bankrupt tomorrow it would be like if PSY of GagnamStyle fame died, a bunch of hardcore devote followers would mourn but the world would move on pretty quickly.
- colinmhayes 4y ago
  Well musk has already sold a bunch of Tesla shares and made a lot of money off the tweet. Way more than $40 million

irthomasthomas 4y ago

And that court case is scheduled the week after this one. Musk has 3 major trials in October.