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What's going on with Elon Musk? Eccentric or going mad?

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jon2089

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On a positive note the Model 3 is outselling all of its competitors by a large margin Benz C Class, Audi A3 and A4, BMW 3 Series and has become profitable. It even taking market share from much cheaper cars like the Civic and Prius. With "production hell" out of the way he should really take a vacation.
 
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The Abundant Man

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On a positive note the Model 3 is outselling all of its competitors by a large margin Benz C Class, Audi A3 and A4, BMW 3 Series and has become profitable. It even taking market share from much cheaper cars like the Civic and Prius. With "production hell" out of the way he should really take a vacation.
I'd absolutely love to own a Tesla. Not paying for gas anymore.(Do electricity bills go up?)
 

Everyman

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If Elon Musk manages to enable us to live on Mars, then we will just bring the same problems we have on earth to Mars.

I don't think he is solving humanities biggest problems. Humanity's biggest problem is the way we think/our consciousness. The outside world reflects our inside world.

Why go to Mars if we can prevent ourselves from destroying planet earth?

It's exactly the same what I think.

After watching Running on lithium (2011) movie, Tesla doesn't solve any issues. Just burns money (so in fact population/people). Unless they produce and improve batteries.... But not. This company is officially useless.
 

jon2089

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(Do electricity bills go up?)
Not by much unless your local utility rate is really high like in Hawaii. The national average for electricity in the U.S in $0.13/kwh a Model 3 battery is 75kwh so 75 x 0.13 equals $9.75 for an estimated range of 270-300 miles. Most of the cars it competes against get 25mpg(real world economy not optimistic EPA numbers) or less on 93 octane fuel.
 
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lludwig

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In full disclosure, I'm shorting TSLA.

Elon is a loose cannon with his tweets and is on the edge.

I've read his bio and looked at the Telsa cars quite a bit. I was considering the Model S when I was looking at my MB S550. the MB S550 granted is an ICE but a MUCH better built car. Yes the tech on the Model S is great, but the interior is well how do I put it... crap!

On one hand like some of the things Elon is doing with Telsa and SpaceX is great, but also think he's a big a$$. The tech in TSLA cars are pretty amazing, but they also spent at least $10B to get to this point. $23B if you include the debt.

Elon certainly loves the capital markets when they are for him, but can't take the heat when you have people shorting him. There is a reason why shorting exists.

Elon might be a great visionary, but he can't execute. Working 120 hours? Sleeping in the factory? This isn't a 2 person startup, but a company which has over 37k employees. He needs to be replaced for someone who has a production background at a profitable auto company. Elon should stick to his great plans and leave the manufacturing to someone else.

Anyone can spend VC money but a real business person can make a company profitable. At least at some point. What's his endgame for this? Damned if I know.

He has a long history of unprofitable companies and frankly not too impressed by this. Zip2, PayPal, SpaceX, and Tesla when he was at the helm.

TSLA has had only 2 quarters of profit, one by pure happenstance in its 15 years of existence. How much longer before TSLA could become profitable? Another 5 years? 10?? He says it's just around the corner just like every other over promised statement he makes. Porsche, Jaguar, MB and BMW are certainly not sitting still and will eat his lunch soon if he's not careful. They also know how to make a profit too!

/endrant
 
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ApparentHorizon

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Or...ok now follow this.

He doesn't have funds secured, but still wants to take it private.

The board would never have approved it.

But now since it's a legal liability to deny approval, it gives Musk the upper hand.

#evilGenius

I stand corrected: Update on Taking Tesla Private

He's been in talks with the Saudis for the past 2 years to take it private.

That $290 support looks tempting.

Speculation: I think he's pushing this b/c he promised Q3/4 profitability, but won't make it.
 

lludwig

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Speculation: I think he's pushing this b/c he promised Q3/4 profitability, but won't make it.

Nope! Not by a long shot.

In the NYT article.
“The worst is over from a Tesla operational standpoint,” he said.

It was the kind of bland answer I’ve come to expect from the C.E.O. of a public company, and I assumed he had completed his thought.

Then, after a moment of silence, Mr. Musk continued: “But from a personal pain standpoint, the worst is yet to come.”

Either TSLA will be massive successful or spectacularly implode. I'm voting on the latter with Elon still in charge.
 
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lludwig

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*Shocking*

Elon stated Friday that they are staying public. Not only waited 24 hours to release this info (11p EST) but I'm sure the reality never had the funding "secured".

Hope the SEC throws the book at him.

*EDIT* that they are STAYING public.
 
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The Abundant Man

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*Shocking*

Elon stated Friday that they aren't going public. Not only waited 24 hours to release this info (11p EST) but I'm sure the reality never had the funding "secured".

Hope the SEC throws the book at him.
I thought they were staying Public?
 

GoGetter24

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TSLA has had only 2 quarters of profit, one by pure happenstance in its 15 years of existence. How much longer before TSLA could become profitable? Another 5 years? 10?? He says it's just around the corner just like every other over promised statement he makes.
I don't think this thesis is correct, for the following reasons:
1. There's too much money washing around. I've read recent reports that big investors are desperate to invest in any startup who can absorb the money. They don't want to do $5M stuff. They want someone who'll take $100M plus. Guys ask for $50M and they say "can you take more?". Interest rates are still low and there's a lot of cash on the sidelines. That's precisely the situation where you can expect people to pile into cutting edge companies.
2. It doesn't matter if it's profitable now. Amazon is the classic case. As long as there's growth with a solid future vision, current profits are of secondary concern, especially under low interest rates. It's always better to reinvest if your internal rate of return is much higher than the risk-free rate.

If it's just a "Elon will crash and burn" play, hope that short is hedged against other companies of the same category.
 
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lludwig

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I don't think this thesis is correct, for the following reasons:
1. There's too much money washing around. I've read recent reports that big investors are desperate to invest in any startup who can absorb the money. They don't want to do $5M stuff. They want someone who'll take $100M plus. Guys ask for $50M and they say "can you take more?". Interest rates are still low and there's a lot of cash on the sidelines. That's precisely the situation where you can expect people to pile into cutting edge companies.
2. It doesn't matter if it's profitable now. Amazon is the classic case. As long as there's growth with a solid future vision, current profits are of secondary concern, especially under low interest rates. It's always better to reinvest if your internal rate of return is much higher than the risk-free rate.

If it's just a "Elon will crash and burn" play, hope that short is hedged against other companies of the same category.

1. Yes true all the more reason to be afraid of the current market. The misallocation of capital currently is running rampant. The rise in interest rates is not a good thing for these types of investments. Yes the technology is very interesting. At current valuations, it would take 10-20+ years if it were profitable today. That's just insane.

2. You are betting on the greater fool theory by investing in TSLA. At some point it will matter (profit). In additional people will eventually realize it is just a "car company" and have to make a profit just like all other car companies. Amazon is barely profitable and is done on purpose by Bezos to reinvest. At current AMZN valuations, I wouldn't invest in them either.

Tesla is cash flow negative (big time). Big difference. Telsa's burn rate is unsustainable regardless of what Musk says that profit is just around the corner. Musk's history shows he doesn't know how to make a company profitable. He's not an operations guy but an idea man. He's always off inventing some new idea. Telsa of today needs an operations guy (or woman) at the helm with the current size of the company and the company's age and place in the market.

Obviously with shorting it is always a timing play. Meaning you can be right on the prediction just wrong on the time of when it happens. My short is just a small part of my portfolio. I would just get stopped out if it goes to $420, but it won't.

In his bio it was revealed how close TSLA made it from BK in 2008 (days away)... by the seat of their pants. Next recession they won't be so lucky with the huge amount of debt overhang.
 
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Xeon

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Looking at his recent actions, I fear the worst for his mental health.
 

ZF Lee

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Yea, Elon Musk will do to help the world in ONE DAY than most of these haters will do in their entire lives. But it's OK, because he's one of the lucky billionaires who isn't paying their "fair share."
Welp, even if the madness puts Musk on the deep end, he still has accomplished way more than most folks.

Reminds me of this good oldie of a tweet (that popped out of the blue in my mind)
myspace-exchange.jpg
 

The Abundant Man

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Welp, even if the madness puts Musk on the deep end, he still has accomplished way more than most folks.

Reminds me of this good oldie of a tweet (that popped out of the blue in my mind)
myspace-exchange.jpg
Just finished Elon Musk by Ashlee Vance. The guy is a workhorse. The problem is he likes to do everything himself. He's one of those show off know-it-alls where he likes to correct people on everything.(He got bullied to death in his elementary and high school years because of this. Plus he was the awkward kid who was in the back of the classroom/kept to himself type). It's a personality trait of his that's a double edged sword. He doesn't like to give up control to other people because he thinks he can do better than them. Everytime he did give control of a company to somebody else. He got screwed over. He's a real brilliant guy but it can be both a blessing and a curse.
 

Crisdamien

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Last I heard the SEC is looking into this and that investment company he thought would back him is now funding a potential rival. I wonder if he's microdosing or the adderall dosage is off. I have to admit, the guy has has lots of close calls where he was allegedly going to fail but still manager to stave off bankruptcy.
 
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The Abundant Man

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Last I heard the SEC is looking into this and that investment company he thought would back him is now funding a potential rival. I wonder if he's microdosing or the adderall dosage is off. I have to admit, the guy has has lots of close calls where he was allegedly going to fail but still manager to stave off bankruptcy.
So what if the SEC is looking into this?
 

GMSI7D

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Just finished Elon Musk by Ashlee Vance. The guy is a workhorse. The problem is he likes to do everything himself. He's one of those show off know-it-alls where he likes to correct people on everything..


absolutely

because he is an INTJ Mastermind

and Masterminds are natural leaders above the crowd

only masterminds can understand others masterminds

like only freemasons can spot freemasons in the crowd


intj.jpg

the best line on this picture is from Bobby Fischer ( chess world champion and genius with 180 IQ)

"why did you quit school at 16 ? "

" you have to mix with all those stupid kids and the teachers are even stupider than the kids "


this is the core of INTJ personality and if you can understand that line then you will understand Elon Musk's behaviour



but the odds are that you won't






Looking at his recent actions, I fear the worst for his mental health.


no you don't understand


Masterminds are not like average people as i said above
 
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The Abundant Man

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lludwig

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this is the core of INTJ personality and if you can understand that line then you will understand Elon Musk behaviour

but the odds are that you won't


no you don't understand

Masterminds are not like average people as i said above

But he's not above the law.

What he did was illegal and is perhaps one of the easiest examples of stock manipulation. If he does get away with it it's not because he's smarter than us but just favoritism.
 

The Abundant Man

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absolutely

because he is an INTJ Mastermind

and Masterminds are natural leaders above the crowd

only masterminds can understand others masterminds

like only freemasons can spot freemasons in the crowd


View attachment 21330

the best line on this picture is from Bobby Fischer ( world chess champion and genius with 180 IQ)

"why did you quit school at 16 ? "

" you have to mix with all those stupid kids and the teachers are even stupider the the kids "


this is the core of INTJ personality and if you can understand that line then you will understand Elon Musk behaviour



but the odds are that you won't









no you don't understand


Masterminds are not like average people as i said above
I don't believe in the Myers-Briggs Test
 
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Michael1359

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absolutely

because he is an INTJ Mastermind

and Masterminds are natural leaders above the crowd

only masterminds can understand others masterminds

like only freemasons can spot freemasons in the crowd


View attachment 21330

the best line on this picture is from Bobby Fischer ( world chess champion and genius with 180 IQ)

"why did you quit school at 16 ? "

" you have to mix with all those stupid kids and the teachers are even stupider the the kids "


this is the core of INTJ personality and if you can understand that line then you will understand Elon Musk behaviour



but the odds are that you won't









no you don't understand


Masterminds are not like average people as i said above

I’m no mastermind, but I am an INTJ. For me, the MB’s test is spot-on, to the tune of about 95%.


Sent from my iPad using Tapatalk
 

GoGetter24

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I get the feeling from their tone that many people in this thread want him to fail. Not just lludgiwg (who has a financial stake in that).

As usual it's the 3 digit rep people...

But he's not above the law.
What he did was illegal
That's the thing with legality, an example: if you sell something at too high a price, it must be because you've monopolized; if you sell something at too low a price, you're "dumping"; and if you sell at the same price as a competitor, it's collusion.

The system is rigged so that at that level you can't win unless you grease people in government. Just because you broke the law, doesn't mean you did something immoral or wrong. The statute books are several feet thick.
 

jon.M

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lludwig

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I get the feeling from their tone that many people in this thread want him to fail. Not just lludgiwg (who has a financial stake in that).

I don't "want" him to fail. There are things about Musk that are great as far as his ability to envision new things. Execution is where he sucks at and Tesla is a great example of this.

Fact of the matter, Tesla isn't a profitable company nor likely will be a profitable company in the near future (5-10 years). If anything, needs more money injected to stay afloat. If you say otherwise you are simply a Musk fanboi and aren't looking at the company objectively. Keep all of this in mind this is in a good economic backdrop, look out below if we have a recession in the next 2-3 years. Telsa is a ticking timebomb because of the debt load.

Perhaps you don't understand the purpose of shorting and its purpose in capital markets. Musk *loves* the capital markets when they are for him but not so much when someone makes a bet against him (like how dare they!) Sorry not all ideas are great and what matters is execution.

His smugness against shorts like myself is beyond belief.

His lack of ethics is what I completely dislike about Musk, not his inventiveness.

That's the thing with legality, an example: if you sell something at too high a price, it must be because you've monopolized; if you sell something at too low a price, you're "dumping"; and if you sell at the same price as a competitor, it's collusion.

The system is rigged so that at that level you can't win unless you grease people in government. Just because you broke the law, doesn't mean you did something immoral or wrong. The statute books are several feet thick.

Huh???

No, he purposely made a statement saying "funding secured" which means specific things in legal and SEC rules. He obviously did NOT have "funding secured" and purposely raised the price of the stock from its current evaluations. That's a classic pump and dump.

This is the specuation part, but more than likely did this against the shorts and because of the convertable bonds coming due soon.
 
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GMSI7D

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I’m no mastermind, but I am an INTJ. For me, the MB’s test is spot-on, to the tune of about 95%.


Sent from my iPad using Tapatalk



mastermind is a inner potential for rational people who can understand things when they are exposed to the right knowledge

this is a mindset


i doubt that you really are an INTJ

otherwise you would be curious about what i am saying right now

instead of denying the whole thing





when i was young, i was naive like everyone else . i was part of the management of the human energy like everyone else

intj (1).png


intj (2).png



society is a yin yang system

masterminds ( yang, intelligence ) are able to extract value from the system without really giving value in return to the masses ( naive and yin )

this was discovered by american social engineers in the 50's

and capitalism immediately knew there was something to do with this





.





 

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