4 ms·

Nobody said he didn't have the right to do it. It's his company now. However he said he wanted twitter to be a free speech platform of some sort, so that's see

Nobody said he didn't have the right to do it. It's his company now. However he said he wanted twitter to be a free speech platform of some sort, so that's seen as hypocritical.

deleted 4y ago
[deleted]
echelon 4y ago
Moreover, I think that this erratic behavior is going to crater Tesla stock [1]. Regardless of your political leanings, Twitter Elon is showing signs of weakness, distraction, emotional decision making, and an inability to avoid suboptimal choices. In a very public forum, with all of the world watching and media stacked against him. Elon is looking like he got suckered into buying Twitter and now has to play the difficult and mundane role of private equity turnaround so that he can recoup his -- and his investors' -- funds. It's a huge distraction from his more important businesses. Folks are already asking him to step down as Tesla CEO [2]. Best to kick a dog while he's down. I think Tesla has been overvalued for some time. It's not the only EV company in the world, and soon every company (and domestic production capacity worth its salt) will be pumping out EV options for consumers. This Twitter deal was the activation energy required to jostle the Tesla stock out of its lofty position. I hope I'm wrong, and that things at Twitter begin to stabilize. I think that SpaceX is one of the most important companies in the world right now, and it needs a leader who can continue to push the boundaries of what was thought possible. [1] I'm thinking of putting my money where my mouth is and buying puts, which is something I rarely do. [2] https://www.autoevolution.com/news/unconfirmed-reports-claim-tesla-china-president-will-replace-musk-as-global-ceo-205869.html https://www.autoevolution.com/news/unconfirmed-reports-claim...
- jacquesm 4y ago
  > I think that this erratic behavior is going to crater Tesla stock Even further? It is at $159 today from well over $300 just a few months ago. The best time for puts was a while ago, it will be a lot harder to make the same kind of money going forward, better be careful.
  - lkrubner 4y ago
    I continue to short Tesla.
  - kshacker 4y ago
    Well after adjusting for splits, it was less than 50 just before covid
- phlipski 4y ago
  How exactly did Elon get "suckered into buying Twitter"?
  - d23 4y ago
    As I recall, he was taken to court and was on the path to being forced to adhere to his word in the form of a signed contract. I wouldn't call that being suckered.
    - sleepybrett 4y ago
      If he was suckered, he was suckered by his own pride.
  - philistine 4y ago
    We don’t know every detail, and probably never will. If you look at the list of events that happened before he first announced his intentions to buy the company outright, you could intuit that he did not intend to buy the company, and that external elements sweet talked him into it.
- commandlinefan 4y ago
  > Twitter Elon is showing signs of weakness, distraction, emotional decision making, and an inability to avoid suboptimal choices Well, c'mon, this has always been the case since the very beginning under both Dorsey and Agrawal. The difference then was that the other half of the world was condemning it.
  - nkozyra 4y ago
    As a platform Twitter was pretty stable. It didn't have to introduce new features like Official then gold checks to counteract the impulses of its CEO. Flying by the seat of your pants is probably fun for Elon but it makes the product worse. If the product gets worse, the people leave.

Nobody said he didn't have the right to do it. It's his company now. However he said he wanted twitter to be a free speech platform of some sort, so that's seen as hypocritical.

deleted 4y ago

[deleted]

echelon 4y ago

Moreover, I think that this erratic behavior is going to crater Tesla stock [1]. Regardless of your political leanings, Twitter Elon is showing signs of weakness, distraction, emotional decision making, and an inability to avoid suboptimal choices. In a very public forum, with all of the world watching and media stacked against him. Elon is looking like he got suckered into buying Twitter and now has to play the difficult and mundane role of private equity turnaround so that he can recoup his -- and his investors' -- funds. It's a huge distraction from his more important businesses. Folks are already asking him to step down as Tesla CEO [2]. Best to kick a dog while he's down. I think Tesla has been overvalued for some time. It's not the only EV company in the world, and soon every company (and domestic production capacity worth its salt) will be pumping out EV options for consumers. This Twitter deal was the activation energy required to jostle the Tesla stock out of its lofty position. I hope I'm wrong, and that things at Twitter begin to stabilize. I think that SpaceX is one of the most important companies in the world right now, and it needs a leader who can continue to push the boundaries of what was thought possible. [1] I'm thinking of putting my money where my mouth is and buying puts, which is something I rarely do. [2] https://www.autoevolution.com/news/unconfirmed-reports-claim-tesla-china-president-will-replace-musk-as-global-ceo-205869.html https://www.autoevolution.com/news/unconfirmed-reports-claim...

jacquesm 4y ago
> I think that this erratic behavior is going to crater Tesla stock Even further? It is at $159 today from well over $300 just a few months ago. The best time for puts was a while ago, it will be a lot harder to make the same kind of money going forward, better be careful.
- lkrubner 4y ago
  I continue to short Tesla.
- kshacker 4y ago
  Well after adjusting for splits, it was less than 50 just before covid
phlipski 4y ago
How exactly did Elon get "suckered into buying Twitter"?
- d23 4y ago
  As I recall, he was taken to court and was on the path to being forced to adhere to his word in the form of a signed contract. I wouldn't call that being suckered.
  - sleepybrett 4y ago
    If he was suckered, he was suckered by his own pride.
- philistine 4y ago
  We don’t know every detail, and probably never will. If you look at the list of events that happened before he first announced his intentions to buy the company outright, you could intuit that he did not intend to buy the company, and that external elements sweet talked him into it.
commandlinefan 4y ago
> Twitter Elon is showing signs of weakness, distraction, emotional decision making, and an inability to avoid suboptimal choices Well, c'mon, this has always been the case since the very beginning under both Dorsey and Agrawal. The difference then was that the other half of the world was condemning it.
- nkozyra 4y ago
  As a platform Twitter was pretty stable. It didn't have to introduce new features like Official then gold checks to counteract the impulses of its CEO. Flying by the seat of your pants is probably fun for Elon but it makes the product worse. If the product gets worse, the people leave.