6 ms·

I don't understand. What is he actually offering for the 12% stake? He doesn't actually personally do the work, right? So, he's asking for 12% to tell someone e

by imzadi 3y ago

I don't understand. What is he actually offering for the 12% stake? He doesn't actually personally do the work, right? So, he's asking for 12% to tell someone else to work on it? When they could just do the same thing without him? Am I missing something?

iwanttocomment 3y ago
[flagged]
poniko 3y ago
His ego.
- realce 3y ago
  the irony is that I'd trust Tesla robots way more if Musk was NOT involved
deleted 3y ago
[deleted]
fragmede 3y ago
You're missing the fact that they can't. At least that's the claim. Could Apple have built the iPhone without Steve Jobs? Enough engineers were certainly there to build it, but it took him to make it happen. While Musk's bonafides are subject to debate, the fact is he's the person most central to this story, regardless of if he's personally the one holding the calipers and entering things into Solidworks. Is the person who builds a house only just the carpenter that physically puts up the structure, or is it the person organizing and funding the whole effort?
- gamblor956 3y ago
  Apple did build the iPhone without Steve Jobs... He was in fact very much initially opposed to the iPhone, thought the money spent on its development was a huge waste of time and money. Jobs had to be convinced it would be a success by Scott Forstall and Jonny Ives.
blackoil 3y ago
TSLA is 700B in Mkt cap. How much will it be if Elon is fired/replaced? The diff is value he brings.
- The_Colonel 3y ago
  What value does he bring now? His attention seems to be mostly focused elsewhere anyway.
  - sidibe 3y ago
    The main fear with letting him go has to be that it might start being valued like a car company, which would be very bad for shareholders even if it was good for the company to have a CEO that works at Tesla full-time
    - fragmede 3y ago
      Why would you value it as a car company when it does other things, even without him?
      - sidibe 3y ago
        I think for whatever reason he is the main reason people expect Teslas most ambitious things to succeed. Also the first thing new CEO would do would be to reset expectations so they aren't blamed for not meeting the wildly optimistic timelines
  - Analemma_ 3y ago
    The problem is that most of Tesla's market cap is hype, and the hype is tied specifically to Elon. Get rid of him and it becomes just another car company with a P/E to match.
    - JumpCrisscross 3y ago
      > most of Tesla's market cap is hype, and the hype is tied specifically to Elon What is the evidence for this? On one hand, he drives retail interest in the stock. But that doesn't alone a $700bn company make. Tesla also has a $100bn revenue book that it turns as a profit thanks to its expertise and operational experience making batteries. To the extent batteries are to EVs what engines were to ICE vehicles, that puts it in a unique position in America and small company globally. Between the cybertruck and Musk's fring politics, we may be approaching the point where his affiliation flips to liability. (A nested counterpoint being this resilience returning as evidence for his contributions.)

by imzadi 3y ago

iwanttocomment 3y ago

[flagged]

poniko 3y ago

His ego.

realce 3y ago
the irony is that I'd trust Tesla robots way more if Musk was NOT involved

deleted 3y ago

[deleted]

fragmede 3y ago

You're missing the fact that they can't. At least that's the claim. Could Apple have built the iPhone without Steve Jobs? Enough engineers were certainly there to build it, but it took him to make it happen. While Musk's bonafides are subject to debate, the fact is he's the person most central to this story, regardless of if he's personally the one holding the calipers and entering things into Solidworks. Is the person who builds a house only just the carpenter that physically puts up the structure, or is it the person organizing and funding the whole effort?

gamblor956 3y ago
Apple did build the iPhone without Steve Jobs... He was in fact very much initially opposed to the iPhone, thought the money spent on its development was a huge waste of time and money. Jobs had to be convinced it would be a success by Scott Forstall and Jonny Ives.

blackoil 3y ago

TSLA is 700B in Mkt cap. How much will it be if Elon is fired/replaced? The diff is value he brings.

The_Colonel 3y ago
What value does he bring now? His attention seems to be mostly focused elsewhere anyway.
- sidibe 3y ago
  The main fear with letting him go has to be that it might start being valued like a car company, which would be very bad for shareholders even if it was good for the company to have a CEO that works at Tesla full-time
  - fragmede 3y ago
    Why would you value it as a car company when it does other things, even without him?
    - sidibe 3y ago
      I think for whatever reason he is the main reason people expect Teslas most ambitious things to succeed. Also the first thing new CEO would do would be to reset expectations so they aren't blamed for not meeting the wildly optimistic timelines
- Analemma_ 3y ago
  The problem is that most of Tesla's market cap is hype, and the hype is tied specifically to Elon. Get rid of him and it becomes just another car company with a P/E to match.
  - JumpCrisscross 3y ago
    > most of Tesla's market cap is hype, and the hype is tied specifically to Elon What is the evidence for this? On one hand, he drives retail interest in the stock. But that doesn't alone a $700bn company make. Tesla also has a $100bn revenue book that it turns as a profit thanks to its expertise and operational experience making batteries. To the extent batteries are to EVs what engines were to ICE vehicles, that puts it in a unique position in America and small company globally. Between the cybertruck and Musk's fring politics, we may be approaching the point where his affiliation flips to liability. (A nested counterpoint being this resilience returning as evidence for his contributions.)