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Full disclosure. I am currently shorting TSLA so take what I am about to post with an appropriate amount of salt. I gotta say I am continuously amazed how much
by iugtmkbdfil834 6mo ago
Full disclosure. I am currently shorting TSLA so take what I am about to post with an appropriate amount of salt.
I gotta say I am continuously amazed how much Musk is allowed to get away with. I know he can get some things done and he is, apparently, skilled manager, fund raiser and bs'er of epic proportions, but I have a hard time understanding how all this didn't catch up to him yet.
- stringfood 6mo agowell he is the wealthiest most powerful person in the world right now, mainly because of SpaceX - I think this gives him plot armour until his eventual demise in 8.3 years
- stackghost 6mo agoHey maybe he actually is a genius. After all, he committed securities fraud at least twice and so far has suffered zero consequences.
- yabutlivnWoods 6mo agoHe's not a genius. The elder generation of politicians he manipulated were educated in their day in historical allegory and gospel Leadership is ignorant and clueless. No idea how "check the work" so to speak. Didn't matter to them. Trickle down made them rich. They ultimately began to encourage it Congress is predominantly nihilists who pretend to believe in American norms to secure power
- cj 6mo agoIf it's true that Musk is getting rules changes so that SpaceX can be included in the S&P earlier than the current rules allow, I think there's a non-zero chance of Musk falling even more out of favor than he currently is, if not worse (if the SpaceX IPO ends up losing people money in the first 1-2 years)
- reactordev 6mo agoThe hype train will ensure the SpaceX IPO is successful beyond the 2nd year mark. Musk keeps making these moves because he knows, he doesn’t want it catching up to him. Better to offload the risk to Wall Street.
- CamperBob2 6mo agoWhat's the old saying, again? "Musk can remain untouchable longer than you can remain solvent."
- iugtmkbdfil834 6mo ago:D As Abraham Lincoln once said, one cannot trust anything on the internet. Still, it is a carefully considered risk. I certainly didn't put money on it I am not ready to actually lose.
- nickvec 6mo agoAs it turns out, having unfathomable amounts of wealth lets you get away with just about anything.
- 2OEH8eoCRo0 6mo agoHe has immense wealth from fraud and he is able to commit fraud because of his immense wealth.
- MattDamonSpace 6mo agoRockets land
- disqard 6mo agoElon can remain a successful bs'er longer than you can remain solvent... or something like that.
- DANmode 6mo agoYou don’t get away with it. If you can’t walk into a pizzeria on a whim (thinking about sama this week), you no longer have your freedom.
- Traubenfuchs 6mo agoYou can have a private chef make you michelin level pizza in the stone oven in the kitchen of your private jet though.
- cosmicgadget 6mo agoI don't imagine anyone is trying to manipulate TSLA with an HN comment so I consider your position to be putting your money where your mouth is.
- platevoltage 6mo agoThe more money you have, the more you can get away with, and he has the most money. Capitalism baby.
- CamperBob2 6mo ago"Everything I don't like is capitalism." I don't like it either, but it's not capitalism. Nothing Musk has done would have been possible without active support from governments putting their fingers on the scale.
- platevoltage 6mo agoRight right right. You're going to argue that Crony Capitalism isn't Capitalism. Heard that one before.