Elon Musk

i skimmed the ruling quickly and my gut says there's a decent chance this gets overturned on appeal because delaware loves capitalism

but the facts here are pretty bad... delaware's in a tough place

Saying “I was negotiating with myself” doesn’t seem great

salute Richard Tornetta

Read this as Tonetta and now extremely disappointed.

think what ultimately may be hard to reconcile is that delaware loves shareholders... so here, this comp plan was good for shareholders since it forecast 10x'ing the stock price. but it was also bad for shareholders because it diluted shareholders by giving a bunch of stock to musk.

so is it good or bad for shareholders where they could 10x their stock (good) at the expense of some dilution (bad)? is setting a goal of 10x enough to overcome bad process? will delaware abide seeing companies start incorporating in nevada?

Presumably they easily saw that the forecast of 10x stock price was as thorough a piece of bullshit as every other Tesla/Musk forecast.

You can't get much past a heavy metal drummer.

exploding teslas by the river in the summer

and that's all right with me

he bought one share for each of his nine cymbals

this mfr thinks he studied engineering

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:m7w6mfn35d53chutrzjzgkng/bafkreiezwryqglvsvetbkwnut2v6vavnv46ob4bjasacpic5vy2lxv4b2u@jpeg

huh. i thought he wanted to mainline that govt funding into his private ass pocket

also he has lied repeatedly about having a physics degree. his actual degrees were likely bought instead of earned.

Looking back on the early posts itt is funny. Some nailed from the beginning what a snake oil salesman he has always been, others fell into the hype of cool space tech genius that he never was.

Who he?

― Named locally as Tom D (Tom D.), Wednesday, October 31, 2012 12:40 PM (eleven years ago) bookmarkflaglink

if only we couldve turned back here

https://bsky.app/profile/hedlikeahole.bsky.social/post/3kkk3vebmq22a

$2 Frankenstein pork sac

azealia banks is very gifted at insults

its cannon that grimes smells like a roll of nickels

"the flaccid musings of this albino toad looking hangnail" lol. Pretty good board description of X.

tesla stock price starting to get interesting

is there some trigger for something or something

this was a good read https://bondangle.substack.com/p/tesla-moving-the-goalposts-works

its interesting, people myself and others, thought the real danger to tesla was the big car makers seriously getting into electrification, and i still think that, but also telsa is getting beat by other electric only carmakers, byd selling more cars, rivian and lucid making better cars

is there some trigger for something or something

my feeling is there's been a slow realization over the past 12 months, and especially the past three, among the good faith normie tesla bulls (incl. institutional investors) that it's just a car company, and car companies have no real bottom in terms of valuation, and meanwhile the rest of the nasdaq is going up. i don't know if there's a personal margin call or anything like that, although since he's posting great replacement stuff today, let me say i hope so.

ah i see yeah will be interesting to see how long people can fool themselves into thinking telsa is going to grow into the biggest company ever

my favorite normie bull btw is https://twitter.com/garyblack00. over the past few months you can gradually see him realize it's not a good bet any more, and losing his patience with his dumpster fire shitcoin/AI influencer mentions.

haha musk sabotaged his empire by pushing blue checks to the top of replies

was thinking about the musk compensation lawsuit situation, its pretty funny he got all these bonuses for insane stock price growth put in the contract, and while the line was very unlikely to go up that much theres still no reason to have a scenario where you give the ceo $50b, but via conning retail investors he got the contract, then he conned retail investors into driving the stock up to the point where he actually recieved the $50b, amazing performance tbf you can only tip you cap, and it wouldve worked if it wasnt for one meddling death metal drummer

This has to be the hardest, most futuristic exit of a Cybertruck owner anyone has ever seen thus far 🔥pic.twitter.com/7uY8tbg7IO

— Teslaconomics (@Teslaconomics) February 4, 2024

also the stagiest

I've seen a few similarly performative clips like that, so I assumed they were performative. On the other hand, you still need the dumb car and the dumb goggles, so maybe they are for real? As in, real douchebag?

I would like to congratulate Poochie on transcending his former status as a purely fictional character, well done m'boy

shouldve gotten hit by another cybertruck at the end to really make it

I was really hoping for it.

We can't possibly be that far from one of those Logan Pauls or Mr. Beasts to buy a pair of them to crash into each other.

Why isn’t this soundtracked to “Vogue”?

look I'll give Elon this the guy does seem to be legitimately good at keeping the stock price propped up. like I remember $30k Model 3s and Full Self Driving being promised nearly a decade ago, before it was known what a huckster and lunatic Elon really was. but despite him breaking nearly every promise and instead delivering one of the dumbest, most impractical vehicles known to man, he's still got the stock price high, as though his cult's belief that Tesla is gonna suddenly drive all the legacy automakers out of business overnight is suddenly gonna manifest any day now

One reason I've heard of people not selling their stock is that the price is so inflated that the capital gains will be astronomical. They're cursed to hold it up forever, like Atlas.

It would also be interesting to know what percentage of Tesla stock is held by small individual investors. Even if they aren't all true believers in Musk, their psychology is a different beast than what drives institutional investors. If they rode the stock on its way up they'll be loathe to abandon their connection to that euphoria.

Matt Levine has mentioned some numbers/estimates, it's a meaningfully higher percentage than the S&P 500 average I think

the meme stock phenomenon, which in retrospect telsa mightve been the first, is interesting cause retail investors are driving the price and institutional investors are happy to come along for the ride, but what happens when institutional investors decide the rides over (its not good)

One reason I've heard of people not selling their stock is that the price is so inflated that the capital gains will be astronomical. They're cursed to hold it up forever, like Atlas.

― Josh in Chicago, Monday, February 5, 2024 2:00 PM (twenty-eight minutes ago) bookmarkflaglink

its just taxes you still get to keep most of the money

Yeah, better to have a huge gain than a huge loss.

if they are $tsla hodlers its just 15% of the gain

I wonder if that is more of an issue if you are a casual investor that put your life savings into this one stock.

? you pay the taxes with the money you get from selling the stock

yeah, capital gains taxes don't really diminish once you retire, but if your total income is low when you sell stuff off you can fiddle around a bit

the only way tesla made sense to me was if they just fudged things long enough to piece the company out into licensing deals and selling off parts. other auto companies held shares because they saw some promise! the only thing that they've got so far is that the other automakers are now licensing the supercharger connector.
I don't think they're further ahead on the self-driving crap (which will never be "full" self-driving) than their competitors, it's just that no one else is dumb enough to let consumers enable it in a really visible way. other companies are making electric cars that accelerate quickly and are actually repairable

their niche is apparently "thing that looks cool that does stuff competitors don't" as far as differentiating themselves, and their offering is... cybertruck

these guys are too kind to the cyber truck, dont really have any taste, are overly interested in novelty, and are dorks, but pretty good review overall they went deeper on the real physicality of the thing than other stuff ive seen

https://www.youtube.com/watch?v=xNE-NyaYBcg

yeah, that's kind of the target market. it's not creating or adhering to an aesthetic, it's just novelty in the vein of "check this shit out"

kind of like watching a guy do a shot and then a backflip off of a picnic table. the chive-ass truck

keep cyber and truck on