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I think one of the very common errors surrounding Musk is ascribing him too much credit. Musk does something dumb and people shout "he's playing 4d chess!". I t
by SilverBirch 4y ago
I think one of the very common errors surrounding Musk is ascribing him too much credit. Musk does something dumb and people shout "he's playing 4d chess!". I think there is a heuristic at play here - which is that he's a billionaire and therefore a genius. But it goes against another heuristic - when people tell you who they are, believe them. Musk just has a very simplistic approach to this problem, he doesn't understand the issues and hasn't shown any interest in learning. So yeah, he can run a company employing smart people who use massive government subsidies to build rocket ships and he can also be a silly petulaent child. Both those things can be true. It doesn't need to be part of something bigger. Listen to an hour of the All-In podcast and you'll very quickly understand the dumb, lazy thinking that went into this acquisition.
- Ekaros 4y agoAlso people seem to forget SolarCity that essentially had to be bailed out with Tesla money... If he was actual business mastermind, wouldn't that company also be successful? I much more subscribe that he got lucky and hired the right people. And managed to exploit VC and retail investors.
- TheLoafOfBread 4y agoExactly this. Musk announced buying Twitter, immediately liquidated $10B of Tesla stock without deal being even written down and when Twitter's shareholders decided that they want to be bought, Musk started backing off. It was never an intention to buy Twitter. It was a miscalculation and he ended up stuck with Twitter.
- yucky 4y agoMusk announced buying Twitter, immediately liquidated $10B of Tesla stock without deal being even written down Or he knew Tesla was way overvalued at the time (which turned out to be true) and needed an excuse to liquidate a huge chunk without spooking investors before the price dropped?
- quonn 4y agoIt's only a small part of this share and why would he liquidate that by buying another asset for more than it's worth?
- yucky 4y agoMore than it's worth financially or as a tool to control narrative in the US? I mean, why do you think certain people are so apoplectic about it? We pretended it didn't shape the narrative in the country until the wrong guy got ahold of it, now it's mask off.
- suggala 4y agoWhy are all downvotes? Seems pretty compelling.