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So far it has exposed the real business acumen of Elon Musk. The only company he runs by himself, arguably the easiest to run, is losing him a staggering amount
by spiderfarmer 4y ago
So far it has exposed the real business acumen of Elon Musk. The only company he runs by himself, arguably the easiest to run, is losing him a staggering amount of money in one year.
I wonder how he rates his own perfomance.
- croisillon 4y agoLooking into it.
- nxm 4y agoTwitter was doing that before Elon bought them
- halfmatthalfcat 4y agoThey had just recently become profitable before the Elon takeover.
- KoftaBob 4y agoThe way I see it, it more-so shows that his strength is in companies that are heavy on complex engineering problems. Twitter on the other hand, is a company dealing with sociological/societal challenges, being that it's a social network. That takes an entirely different kind of skill set to do well as a CEO for.
- ModernMech 4y agoI don't buy it. Internal reports from SpaceX and Tesla detail Musk's chaotic, capricious management style that they have to spend resources to actively manage. SpaceX is better at it I guess, because he's seemed to have caused far more problems at Tesla with his antics. Either way, he's essentially abdicated his CEO role at both companies, and his chaotic management style is on full display now, which confirms the Tesla and SpaceX reports. But why did Tesla and SpaceX thrive where Twitter is failing? Because the former companies grew up to create processes that contain Musk; whereas Twitter was bought outright, so his blast radius is unlimited there. Twitter has no Musk immune response. At SpaceX when Musk suggests X, where X is... I dunno, an really dumb idea that no one would ever want, the people at SpaceX know how to redirect Musk until he drops it, or they know how to shape it into a good idea. At Twitter, they have no idea how to do this, and so Musk always gets his way, every time. All the people with the skills to turn bad ideas into good ones have left, all the people who tried to manage Musk were fired, so now he's left to his whims. And it shows. If anything, Musk has proven how ceremonial the CEO role is. He has the title CEO of at least 4 companies, and claims 80 hours per week is a full time role. So at best CEO is a part time job.
- yamtaddle 4y ago> If anything, Musk has proven how ceremonial the CEO role is. He has the title CEO of at least 4 companies, and claims 80 hours per week is a full time role. So at best CEO is a part time job. I think the thing about CEO is that you can delegate not just the things you probably shouldn't personally be doing, but also the things you should. I'd believe that some CEOs have a real job, but it's pretty clear that a lot have delegated it away to nearly nothing.
- croisillon 4y agoIsn’t the Cybertruck a really dumb idea that no one would ever want?
- ModernMech 4y agoIt is still vaporware. One potent delay tactic is to arrange a splashy prerelease, and then drag feet to production. But delay tactics only work for ideas that aren't strongly seated yet; if he keeps coming back to it, delay will eventually fail. That's how you get bad movie and terrible ideas on store shelves. He is the boss after all.
- JohnFen 4y agoI think that his strength is with companies that had a strong and effective engineering culture in place when he bought them. Companies that require the building or rebuilding of an engineering culture aren't playing to Musk's strengths.
- deleted 4y ago[deleted]
- InitialLastName 4y agoFrom an outside perspective, his strength seems to be in companies that arbitrage government subsidies into sales at scale.