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The company offered long odds on a check they thought they would never cash so they didn’t fight about it. Every con job involves the mark believing they have p

The company offered long odds on a check they thought they would never cash so they didn’t fight about it. Every con job involves the mark believing they have power over the artist. Or if you don’t think he’s a con artist, it’s like that sweepstakes that offered a fighter jet. From their perspective it was hyperbole.

pfannkuchen 2y ago
So if they make a mistake they can have a court reverse it? That doesn't seem very rule-of-law-y. Did Musk misrepresent somehow? This line of thinking could bear weight if he deceived investors into thinking it was very unlikely when it really wasn't. Did that happen? I haven't heard anything like that.
ENGNR 2y ago
He was literally sleeping at the factory, doing everything he can to get Tesla to be outselling Toyota Corolla, which was considered absolutely insane. It’s still an insane goal.
- thejazzman 2y ago
  i was really impressed by this back in the day. given what i know about him and things he done, it just smells like really good marketing material if i own a factory i'm definitely sleeping there one night and making sure it's in every newspaper that i did it. instant hero.
  - ahmeneeroe-v2 2y ago
    No amount of marketing gives a company a $750B market cap.
    - sunflowerfly 2y ago
      Neither does any sane valuation of the company.
t_mann 2y ago
Tesla's investors voted again last year and 70% confirmed they still wanted to award the original package (the court still blocked it, though, btw). Does that change your view?
- hinkley 2y ago
  It changes my opinion about something alright. You know he owns 12.8% of the shares right? Possibly more when that vote happened. So 57.2% voted for him, not counting his shares.
  - ahmeneeroe-v2 2y ago
    Elon is allowed to vote in his self interest. If he owned 51% this should still stand. The fact that he had a majority yes without his own vote makes this doubly true.
rasz 2y ago
Are you saying Elon conned Tesla into 10 x valuation and they feel scammed now? Rather would go down to 0.1 again than pay up?

pfannkuchen 2y ago

So if they make a mistake they can have a court reverse it? That doesn't seem very rule-of-law-y. Did Musk misrepresent somehow? This line of thinking could bear weight if he deceived investors into thinking it was very unlikely when it really wasn't. Did that happen? I haven't heard anything like that.

ENGNR 2y ago

He was literally sleeping at the factory, doing everything he can to get Tesla to be outselling Toyota Corolla, which was considered absolutely insane. It’s still an insane goal.

thejazzman 2y ago
i was really impressed by this back in the day. given what i know about him and things he done, it just smells like really good marketing material if i own a factory i'm definitely sleeping there one night and making sure it's in every newspaper that i did it. instant hero.
- ahmeneeroe-v2 2y ago
  No amount of marketing gives a company a $750B market cap.
  - sunflowerfly 2y ago
    Neither does any sane valuation of the company.

t_mann 2y ago

Tesla's investors voted again last year and 70% confirmed they still wanted to award the original package (the court still blocked it, though, btw). Does that change your view?

hinkley 2y ago
It changes my opinion about something alright. You know he owns 12.8% of the shares right? Possibly more when that vote happened. So 57.2% voted for him, not counting his shares.
- ahmeneeroe-v2 2y ago
  Elon is allowed to vote in his self interest. If he owned 51% this should still stand. The fact that he had a majority yes without his own vote makes this doubly true.

rasz 2y ago

Are you saying Elon conned Tesla into 10 x valuation and they feel scammed now? Rather would go down to 0.1 again than pay up?