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I wouldn’t call it communism to say a business person who made a bad deal by overpaying 3x the price for something is incompetent.
by ctvo 4y ago
I wouldn’t call it communism to say a business person who made a bad deal by overpaying 3x the price for something is incompetent.
- forgetfulness 4y agoAnd then races to lay off half the workforce days after coming in, based on napkin calculations that suspiciously work out to cut costs to cover the loans he took with the company as collateral ahead of time. After trying to fight off in court the completion of this impulse buy. If Mr. Musk turns this around after so much fumbling around, that would be the display of business acumen that his admirers expect of him, so far trying to say that these moves make sense amounts to saying that these are the tactics of a genius beyond mortal ken, because they simply don't look good.
- wolfram74 4y agoDon't forget TSLA is down ~63% of it's price since april 14th compared with S&P500 drop to ~86% in the same time frame, impossible to say what's causally linked, but musk is not just out ~40+billion from this whole ordeal.