patrick.net

Tenpoundbass says

5)Why didn't he wait until he reinstated all of the conservative voices that has been silenced before conducting this poll.

Pfft. If Elon Musk wanted, the "poll" would just reflect whatever he wanted the results to be. He owns the company now.

You KNOW Twitter has the ability to fake polls. Of course and even if they didn't, a single engineer could fake it and get the desired outcome.

Doesn't matter anyhow. Twitter was a bad investment for him, and it's still heavily censored. There's 5 people I'm waiting to have re-instated. If ALL of them aren't re-instated within 3 months, it's still a bullshit propaganda machine. A few token high profile people have been restored, actually important people who would be high profile if they hadn't been censored for YEARS haven't been re-instated.

I think he's gotten bored with it although he may still like the attention.
It's hard to ever make it profitable with liberals feeling like he is censoring them; the problem works both ways.
So, maybe he's going to install someone to take the heat for him.

maybe he just had the sole desire to expose how the sausage was made. Now that it's done he's bored.

Maybe he wants to give them a dose of their own medicine by turning twitter into a black box they cannot see into from the outside. Right now they blame elon for everything, but if he exits and just forces the new leader to do his bidding, then it becomes somewhat more difficult for npc media to attack his actions.

But I dunno. I get the vibe that things may not be working out for him like he hoped.

If he hadn’t just pissed off the free-speech contingent with yesterday’s announced no-link-to-competitors policy (apparently now rescinded) the results may have been in favor of his staying. So it looks like it was his goal to “humbly” step down as “the people have spoken” but as pointed out in the OP he had already said he’d do that.

I think:

1. he already did a lot of what he wanted to do
2. the CIA/FBA/NSA threatened to kill him if he continues

Tenpoundbass says

What do you think the reasoning is behind that move?

The board at Tesla and major shareholders are not amused right now and this provides a way out to refocus on what matters.

Even as CEO extraordinaire you have to answer to people because they expect you to be accountable and stay focused, not play with your dick.

DD214 says

Tenpoundbass says

What do you think the reasoning is behind that move?

The board at Tesla and major shareholders are not amused right now and this provides a way out to refocus on what matters.

Even as CEO extraordinaire you have to answer to people because they expect you to be accountable and stay focused, not play with your dick.

Tesla stock manipulated by the government ?????

Ohhhhhhhhh, heaven forbid. They'd never do that. ---- Giggles to self.

Misc says

Tesla stock manipulated by the government ?????

Not sure how you got that out of my comments.

Lack of focus on the part of Elon couldn't have anything to do with it - could it ?

I doubt anyone thinks TSLA trades on its fundamentals.

Misc says

I doubt anyone thinks TSLA trades on its fundamentals.

What IT/Startup/Tech stock does ?

Think Uber & Lyft - still have not made a profit

It is all a vast conspiracy and we are pawns on the chess board

Elon keeps stroking his ego and his dick, TSLA may not trade on much of anything. No time to rest on one's laurels, the competition doesn't.

Lee Iacocca - Lead, follow or get out of the way

DD214 says

Think Uber & Lyft - still have not made a profit

Lyft IPO price - $72, currently around $10
UBER IPO Price - $45, currently under $25

DD214 says

Elon keeps stroking his ego and his dick, TSLA may not trade on much of anything. No time to rest on one's laurels, the competition doesn't.

I mean just how much profit can a company that actually produces a tangible and durable goods, make? Sure they can make a shit load of money but by time everyone and their brother jumps on the band wagon and wants their cut. They have to make a million just to pay back 10 million.
I think modern high stock prices are a thing, because so much and so many of the companies on the stock market, don't actually produce anything. They don't have to layout for raw materials, and other production costs. Just add and subtract idiots in cubicle as needed. You can't create $60,000 battery operated cars, and expect the price of the stock to go through the roof indefinitely, without people willing to pay more for those cars as investors demand more returns. You can't just lay off a few thousand schmucks in a cubicle to make up the difference.

DD214 says

Lee Iacocca - Lead, follow or get out of the way

And a massive bailout for Chrysler.

Blast from the past, an article from 1984 in the... WaPo!! about taxpayers saving Iacocca's Bacon
https://www.washingtonpost.com/archive/opinions/1984/05/13/when-the-taxpayers-saved-lee-iacoccas-bacon-what-did-they-get-out-of-it/b55c6d11-2503-4e16-8e0b-54bd06866fa1/

There's certainly no need for PBS and NPR these days, or for the last decade, nor any breaks for Big Tech or Legacy Media.

DD214 says

Even as CEO extraordinaire you have to answer to people because they expect you to be accountable and stay focused, not play with your dick.

Is there any evidence that Tesla is failing to execute while Elon is cleaning house at Twitter?

Tesla is a pretty mature company now and doesn't need Elon at the helm sleeping on the factory floor.

They have nothing but 50x growth YOY for the next decade. And that doesn't account for Tesla's energy business, autonomous driving or their robot.

The only real structural issue (other than world wide recession) is dealing with the bullshit in China with their lockdowns.

Also, alot of people are waiting to make Tesla purchases next year when the new Federal subsidies kick in. Tesla doesn't need any subsidies as they already have some of the highest gross margins in the industry. The new incentives will certainly help Tesla's bottom line next year, but are messing up short term demand right now.

socal2 says

They have nothing but 50x growth YOY for the next decade.

And houses only go up!
Every mega company can only expect a good five year run, with that kind of growth. They finish the decade out, a shell of what they were in-between, that's if they are even still around. While Tesla has been around for a couple decades, they were primarily a Federal Trust fund baby. Tesla didn't stat getting taken serious by the public, until he finally started delivering cars. And if you remember that, it was a rocky start at best. Now the mass exuberance for all things Electric cars has waned Bigly. Too many videos of cars catching on fire and going Kamakazi on the owners. That and the failure to deliver expected range for money out of pocket. And the battery replacement cost, the strip mining for the "Green" materials. I think electric cars will be next to feel a long over due contraction, like block chain con job, I mean coin job.

socal2 says

Also, alot of people are waiting to make Tesla purchases next year when the new Federal subsidies kick i

Libtard giveaway

socal2 says

Is there any evidence that Tesla is failing to execute while Elon is cleaning house at Twitter?

The current stock price, largest shareholder not amused, BoD not amused - Twitter will be a drag on Tesla until it is sold

socal2 says

Tesla doesn't need any subsidies as they already have some of the highest gross margins in the industry.

They why should they take them ?

AmericanKulak says

Blast from the past, an article from 1984 in the... WaPo!! about taxpayers saving Iacocca's Bacon

Let's not be hasty and remember Lee Iacocca was the visionary who single handily got the Mustang from dream to reality

The taxpayers have been bailing out everyone and everything for decades. The only ones never getting a bailout are the taxpayers.

I forgot - Elon will be a drag on Tesla until he is replaced as well.

DD214 says

socal2 says

Tesla doesn't need any subsidies as they already have some of the highest gross margins in the industry.

They why should they take them ?

Aren't the subsides for the buyer?

did he count mail in votes yet?

Elon Musk has a bigger problem than Twitter

Tesla price cuts are "not a good sign," Wedbush analyst Dan Ives said.

The automaker is advertising a $7,500 credit on Model 3 and Model Y vehicles.

Price cuts come as Tesla's stock is in freefall and inventory piles up.

https://www.businessinsider.com/elon-musk-twitter-tesla-slash-prices-inventory-investors-2022-12

I thought the subsidies were for union shops only so Telsa is excluded.

just_passing_through says

I thought the subsidies were for union shops only so Telsa is excluded.

https://www.forbes.com/sites/daneberhart/2020/11/19/subsidizing-electric-vehicles-is-poor-policy-thats-about-to-get-worse/?sh=e3cd1ff2b826

Why Are Tesla Electric Vehicles Not Eligible for the Tax Credit?

https://www.motorbiscuit.com/why-tesla-electric-vehicles-not-eligible-tax-credit/

https://www.forbes.com/sites/siladityaray/2021/12/07/delete-it-elon-musk-once-again-opposes-bidens-proposed-subsidies-for-electric-vehicles-built-by-union-workers/?sh=2ce01165778b

Bottom Line - Elon has some problems that are not going away any time soon and will most likely get much worse before they get better