Ok, I don't disagree with you that he's probably not concerned about having enough money. But he took such a huge public L incinerating tens of billions with a flamethrower on the twitter deal that it was a blow to his self-image, and he's probably trying to find a way to boost it a little.
I think he genuinely didn't like a lot of Twitter's content moderation policies and so he wanted to get rid of them."People love Twitter, so if I buy Twitter, then they'll love me by way of transitive property!
And I would have gotten away with it too, if I wasn't a massive shitlord 😣"
From my understanding though Tesla's valuation was based in significant part on the idea that their sales would continue to grow rapidly, which at least from that chart is not happening.Tesla cratered so hard that it is still selling more EV's in the US than the entire rest of the market?
At some point this needs to change.
From my understanding though Tesla's valuation was based in significant part on the idea that their sales would continue to grow rapidly, which at least from that chart is not happening.
Its both. Tesla isnt hitting the projected numbers. Stock value is always set correlated according to projected performance. On top od that its geared by goodwill and past performance and this is where Elmo has been hell bent on burning his tony stark brand/image for the last couple of years.
I dont think our boy is done flaming out, actually extrapolating his current trajectory he would be due for an attempt at snuffing out freedom isnt he
The continued sales growth narrative never made much sense to me because Tesla just doesn't have enough diversity in their model line-up to break into the top 5 in global sales. Look at the diversity that BYD has in their line-up and then look at their continued trajectory in sales. In a couple of years I can see them cracking 6M+ in global sales. Tesla is going to struggle to hit 2M+.
A couple years back when Tesla's value passed Ford I took a look at the numbers of units sold and production capability. At that time Ford produced more vehicles a month than Tesla did in a year, with far fewer quality control issues. It seemed to be that Tesla was grossly overvalued, and I still think that's the case.From my understanding though Tesla's valuation was based in significant part on the idea that their sales would continue to grow rapidly, which at least from that chart is not happening.
Breaking X news:
Elon Musk’s X Now Officially Allows pr0n After Update to Policies
Elon Musk’s X Now Officially Allows Porn After Update to Policies
Elon Musk's X now officially allows NSFW content on the social network formerly known as Twitter.variety.com
I thought eliminating the porn bots and such were one of his reasons for buying Twitter?Maybe short lived if christofacsists have their way.
Guess now they’ll also want to start age verifying if your host mask is from certain states
I thought eliminating the porn bots and such were one of his reasons for buying Twitter?
Not shocking, AI is the big new shiny toy in tech. Even tho it’s not a mature product, it’s getting rolled out by all the major vendors.Elon Musk steered nVidia cards to X and XAI from Tesla.
Huh? You skipped the point entirely, not that you don't already know it. Per the CNBC article, Elon is massively conflicted and crazy enough to harm his main* employer in favor of a side business of his. He's also now accused of insider trading, which is potentially serious compared to all of his constant BS:Not shocking, AI is the big new shiny toy in tech. Even tho it’s not a mature product, it’s getting rolled out by all the major vendors.
Huh? You skipped the point entirely, not that you don't already know it. Per the CNBC article, Elon is massively conflicted and crazy enough to harm his main* employer in favor of a side business of his. He's also now accused of insider trading, which is potentially serious compared to all of his constant BS:
Business Insider - Tesla investor accuses Elon Musk of insider trading that banked him $7.5 billion
* Main employer in the sense of his net worth and proposed stock grants. Elon's crazy isn't purely performative. He clearly doesn't care about the rule of law.
Yea this is the same dude that lobbied the industry to halt all development until alignment was solved cause otherwise it could be the end of humanity - all while he is creating an alt right nazi bot on the sidelines. He is a little bitch.I mean, realistically, what he’s on about is just going where the money is. But I did find this tidbit as stupid as it is funny:
“Musk has pitched Grok, originally named Truth GPT, as a politically incorrect chatbot with “a rebellious streak” and a would-be competitor to OpenAI’s ChatGPT and other generative AI services.”
lol, cmon. While other vendors are concerned about bias and hallucinations, this makes it sounds like “truth GPT” is gonna be all about alt-facts. It’s just as scary as it is funny. Like a mad man at the wheel of his self driving vehicles
Sadly herd mentality wins out many times in the market. You just have to know where the cliff is.A couple years back when Tesla's value passed Ford I took a look at the numbers of units sold and production capability. At that time Ford produced more vehicles a month than Tesla did in a year, with far fewer quality control issues. It seemed to be that Tesla was grossly overvalued, and I still think that's the case.
That reasoning could also be why I'm not rich.
Sounds like the type of CEO that should get the biggest pay package in history.Elon Musk steered nVidia cards to X and XAI from Tesla.
Why would he care? Worst case he'll get the equivalent of a speeding ticket.Huh? You skipped the point entirely, not that you don't already know it. Per the CNBC article, Elon is massively conflicted and crazy enough to harm his main* employer in favor of a side business of his. He's also now accused of insider trading, which is potentially serious compared to all of his constant BS:
Business Insider - Tesla investor accuses Elon Musk of insider trading that banked him $7.5 billion
* Main employer in the sense of his net worth and proposed stock grants. Elon's crazy isn't purely performative. He clearly doesn't care about the rule of law.
Yes, my point was that the industry is pushing AI hard, and it's not ready for Prod environments IMO. Social media is a prime market for AI, and those nvidia cards are good at the workload. The nvidia products aren't the only products out there tho.
Don't take my post as some kind of deflection or apologizing / rationalizing of Musk's actions. He's a tool that definitely thinks the rules don't apply to him, just like Trump.
I mean, realistically, what he’s on about is just going where the money is. But I did find this tidbit as stupid as it is funny:
“Musk has pitched Grok, originally named Truth GPT, as a politically incorrect chatbot with “a rebellious streak” and a would-be competitor to OpenAI’s ChatGPT and other generative AI services.”
lol, cmon. While other vendors are concerned about bias and hallucinations, this makes it sounds like “truth GPT” is gonna be all about alt-facts. It’s just as scary as it is funny. Like a mad man at the wheel of his self driving vehicles