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He doesn’t care. Spacex is more important for him, personally. He has a larger stake (percentage wise) in spacex. Also, Tesla just jumped bc Musk said that the

by dartos 2y ago

He doesn’t care. Spacex is more important for him, personally. He has a larger stake (percentage wise) in spacex. Also, Tesla just jumped bc Musk said that there’s going to be full sell driving in china…. Next year… We’re back to 2017-era strategies but in china this time.

pclmulqdq 2y ago
The current dollar value of his stake in SpaceX is also twice that of his stake in Tesla.
- lesuorac 2y ago
  That's just because he cashed out of Tesla no? Like if he didn't sell a ton of Tesla to buy Twitter he'd have more in Tesla?
  - pclmulqdq 2y ago
    Yes, it's because he's been selling Tesla shares faster than you can imagine.
pixelpoet 2y ago
> full sell driving in china Full sell, indeed!
Cthulhu_ 2y ago
I don't think Tesla in China will amount to much, given the local competition has spun up their factories and is outproducing anyone else on the market. Just look at the numbers from last year [0], BYD was outselling Tesla 7:1, with Tesla barely doing any better than other manufacturers. "Full self-driving" won't fix that, and the competition will be offering similar features themselves. Tesla lost their innovator / first mover advantage years ago, choosing to spend their R&D on dead ends and vanity projects like autopilot and the cybertruck while not delivering on projects that might have merit if they would actually listen to their target audience like the semi. They would've remained pretty successful had they iterated on their existing offerings, improving range, quality and reducing production costs of their existing lineup. [0] https://autovista24.autovistagroup.com/news/which-brand-won-the-battle-for-chinas-ev-market/ https://autovista24.autovistagroup.com/news/which-brand-won-...
- dartos 2y ago
  I don’t think it will either, but the market does, apparently. Look at the TSLA price since the announcement.
- thrill 2y ago
  China could dump Tesla and never notice the production decrease.
atwrk 2y ago
Isn't the potential revenue of spacex way lower? That market is quite a bit smaller than cars, and will be for the foreseeable future.
- adamc 2y ago
  Not to mention... if/when there is a change in administrations, his lucrative contracts with the government will likely be canceled.
  - dartos 2y ago
    It’s “when” Honestly I don’t see trump living through this term, let alone another. No other republican has his cult of personality, so idk what they’re going to do when he keels over.
    - bloopernova 2y ago
      Generally, when someone reaches 80, they tend to live another 7 or 8 years. Whether he declines before then, to a point of uselessness for the republicans, is a different question. Also I'm assuming someone is pumping him full of every drug available to prevent his decline as much as possible. vance seems to think he's next in line, having been anointed by the billionaire class, but he's all hatred and no charisma. Although saying that, he may just shuffle into the top spot when it's impossible to dislodge him. Or he may just get accepted by whichever bot farms drive the rightwing social media frenzy. I'm personally hoping that their general fascist incompetence will fuck their chances of an everlasting reich.
      - PolygonSheep 2y ago
        > Also I'm assuming someone is pumping him full of every drug available to prevent his decline as much as possible. This seems very similar to claims I heard from Republicans about Biden a year or two ago.
    - root_axis 2y ago
gcr 2y ago
Idc about him, but I’m curious about the board. Why don’t investors care? Doesn’t the CEO have fiduciary responsibility to not tank the company in a worldwide market? If Sundar or Tim reduced market penetration across EU by 43% they’d get recalled in a quarter.
- kccqzy 2y ago
  The board is full of his cronies.
  - ZeroGravitas 2y ago
    And this is currently the official stance of the courts in Delaware. He got denied his 50 Billion bonus because he was effectively "negotiating with himself" and so looting from the other shareholders.
- deleted 2y ago
  [deleted]
- dartos 2y ago
  The board for Tesla? It’s because musk is the Tesla stock price. The entire valuation of that company is based of the force of personality that musk has. If they ousted musk, the Tesla shares would be worth less than any other auto maker instead of more than all of them combined. > Doesn’t the CEO have fiduciary responsibility to not tank the company in a worldwide market? I don’t think this is necessarily true in a legal sense
- acdha 2y ago
  They do have a duty to look after the health of the company but in this case it’s complicated because the time to do something was years ago (say, when it was first obvious he’d been lying about FSD). Tesla is wildly over-valued as a car manufacturer or even a large tech company, and that’s all due to Musk’s ability to talk it up. If they act against him, the share price will drop significantly and stay there, because there are a lot of car makers and Tesla just isn’t a standout in 2025. That’d be best for the company long-term but they’d have to survive the inevitable lawsuits first, not to mention the high likelihood of physical violence if Musk tweets about it. I think the board are basically sitting around praying that the horse learns to sing before they’re forced to act.
deleted 2y ago
[deleted]
jillyboel 2y ago
Why china? Did he finally realize that it's probably the one jurisdiction that will let him get away with his cars running people over or crashing into fake tunnels painted on a wall?
- dartos 2y ago
  China is the world’s largest EV market. The US is a smaller EV market than Europe.
JumpCrisscross 2y ago
> Spacex is more important for him Starlink's international prospects are getting trashed. Meanwhile, its competitors have basically free money from foreign governments to compete with SpaceX.
- inemesitaffia 2y ago
  >Starlink's international prospects are getting trashed No one's putting in the work to deliver for twice the current price.

by dartos 2y ago

pclmulqdq 2y ago

The current dollar value of his stake in SpaceX is also twice that of his stake in Tesla.

lesuorac 2y ago
That's just because he cashed out of Tesla no? Like if he didn't sell a ton of Tesla to buy Twitter he'd have more in Tesla?
- pclmulqdq 2y ago
  Yes, it's because he's been selling Tesla shares faster than you can imagine.

pixelpoet 2y ago

> full sell driving in china Full sell, indeed!

Cthulhu_ 2y ago

I don't think Tesla in China will amount to much, given the local competition has spun up their factories and is outproducing anyone else on the market. Just look at the numbers from last year [0], BYD was outselling Tesla 7:1, with Tesla barely doing any better than other manufacturers. "Full self-driving" won't fix that, and the competition will be offering similar features themselves. Tesla lost their innovator / first mover advantage years ago, choosing to spend their R&D on dead ends and vanity projects like autopilot and the cybertruck while not delivering on projects that might have merit if they would actually listen to their target audience like the semi. They would've remained pretty successful had they iterated on their existing offerings, improving range, quality and reducing production costs of their existing lineup. [0] https://autovista24.autovistagroup.com/news/which-brand-won-the-battle-for-chinas-ev-market/ https://autovista24.autovistagroup.com/news/which-brand-won-...

dartos 2y ago
I don’t think it will either, but the market does, apparently. Look at the TSLA price since the announcement.
thrill 2y ago
China could dump Tesla and never notice the production decrease.

atwrk 2y ago

Isn't the potential revenue of spacex way lower? That market is quite a bit smaller than cars, and will be for the foreseeable future.

adamc 2y ago
Not to mention... if/when there is a change in administrations, his lucrative contracts with the government will likely be canceled.
- dartos 2y ago
  It’s “when” Honestly I don’t see trump living through this term, let alone another. No other republican has his cult of personality, so idk what they’re going to do when he keels over.
  - bloopernova 2y ago
    Generally, when someone reaches 80, they tend to live another 7 or 8 years. Whether he declines before then, to a point of uselessness for the republicans, is a different question. Also I'm assuming someone is pumping him full of every drug available to prevent his decline as much as possible. vance seems to think he's next in line, having been anointed by the billionaire class, but he's all hatred and no charisma. Although saying that, he may just shuffle into the top spot when it's impossible to dislodge him. Or he may just get accepted by whichever bot farms drive the rightwing social media frenzy. I'm personally hoping that their general fascist incompetence will fuck their chances of an everlasting reich.
    - PolygonSheep 2y ago
      > Also I'm assuming someone is pumping him full of every drug available to prevent his decline as much as possible. This seems very similar to claims I heard from Republicans about Biden a year or two ago.
  - root_axis 2y ago

gcr 2y ago

Idc about him, but I’m curious about the board. Why don’t investors care? Doesn’t the CEO have fiduciary responsibility to not tank the company in a worldwide market? If Sundar or Tim reduced market penetration across EU by 43% they’d get recalled in a quarter.

kccqzy 2y ago
The board is full of his cronies.
- ZeroGravitas 2y ago
  And this is currently the official stance of the courts in Delaware. He got denied his 50 Billion bonus because he was effectively "negotiating with himself" and so looting from the other shareholders.
deleted 2y ago
[deleted]
dartos 2y ago
The board for Tesla? It’s because musk is the Tesla stock price. The entire valuation of that company is based of the force of personality that musk has. If they ousted musk, the Tesla shares would be worth less than any other auto maker instead of more than all of them combined. > Doesn’t the CEO have fiduciary responsibility to not tank the company in a worldwide market? I don’t think this is necessarily true in a legal sense
acdha 2y ago
They do have a duty to look after the health of the company but in this case it’s complicated because the time to do something was years ago (say, when it was first obvious he’d been lying about FSD). Tesla is wildly over-valued as a car manufacturer or even a large tech company, and that’s all due to Musk’s ability to talk it up. If they act against him, the share price will drop significantly and stay there, because there are a lot of car makers and Tesla just isn’t a standout in 2025. That’d be best for the company long-term but they’d have to survive the inevitable lawsuits first, not to mention the high likelihood of physical violence if Musk tweets about it. I think the board are basically sitting around praying that the horse learns to sing before they’re forced to act.

deleted 2y ago

[deleted]

jillyboel 2y ago

Why china? Did he finally realize that it's probably the one jurisdiction that will let him get away with his cars running people over or crashing into fake tunnels painted on a wall?

dartos 2y ago
China is the world’s largest EV market. The US is a smaller EV market than Europe.

JumpCrisscross 2y ago

> Spacex is more important for him Starlink's international prospects are getting trashed. Meanwhile, its competitors have basically free money from foreign governments to compete with SpaceX.

inemesitaffia 2y ago
>Starlink's international prospects are getting trashed No one's putting in the work to deliver for twice the current price.