5 ms·
It's never been about free speech.
by faefox 4y ago
It's never been about free speech.
- jacquesm 4y agoThe best explanation I have seen to date is that it really was about being able to sell a whole raft of TSLA without cratering the market. That he ended up actually having to buy Twitter was a bit of a complication, the whole 'Champion of Free Speech' thing came later.
- zwkrt 4y agoThis doesn’t make any sense at all. If buying twitter was just a complication, why is he being so active in it? If I found myself accidentally buying a company outside my wheelhouse, I would find some suitable management and not touch it an all. Or make small changes, Berkshire Hathaway style. Not take the helm and for everyone.
- jacquesm 4y ago> If buying twitter was just a complication, why is he being so active in it? Because it strokes his ego. > If I found myself accidentally buying a company outside my wheelhouse, I would find some suitable management and not touch it an all. That would make good sense. > Or make small changes, Berkshire Hathaway style. Not take the helm and for everyone. Clearly, you are not Elon Musk, but I agree that your approach would make a lot more sense.
- lern_too_spel 4y agoThe market is acting as if the Twitter purchase was financed in part by a margin loan on Musk's TSLA shares. https://www.nasdaq.com/articles/margin-calls-fire-sales-why-elons-twitter-blowup-could-crash-tsla-stock https://www.nasdaq.com/articles/margin-calls-fire-sales-why-.... If Tesla can't show growth beating market expectations, or if he can't get money out of Twitter, or if the Fed keeps raising rates, he could be forced to sell TSLA shares to deleverage, so the worse the Twitter situation looks, the more investors avoid TSLA, compounding his problems. I am convinced at this point that the "cloudy head" that Musk reported during his first COVID infection pre-vaccination is an ongoing medical condition, perhaps a mild encephalitis, leading to rash actions because the brain fog renders him incapable of thinking through consequences . https://www.reuters.com/article/us-health-coronavirus-musk/elon-musk-says-most-likely-has-a-moderate-case-of-covid-19-idUSKBN27V017 https://www.reuters.com/article/us-health-coronavirus-musk/e...
- cactusplant7374 4y ago> Or make small changes, Berkshire Hathaway style. Berkshire wouldn't have the same person running five companies.
- rsynnott 4y agoWell, of course not. But that was certainly Dear Leader's line originally, so it'll be interesting to see how the followers rationalise this.