He needs to "make sure SpaceX stays focused on making life multiplanetary." It should sound familiar by now.
  • MushuChupacabra@piefed.worldEnglish
    9 hours

    So if he died of a heart attack, SpaceX would just implode?

    LMAO

    Elon Musk is expendable. Punting him would likely improve all important metrics at SpaceX.

  • whotookkarl@lemmy.dbzer0.comEnglish
    12 hours

    He lies to the board just like he lies to everyone else, fascists don’t use language to convey meaning or share information, they use it as a weapon to manipulate and intimidate.

  • boonhet@sopuli.xyzEnglish
    10 hours

    Okay, so there’s going to be no dividends because it won’t be making profit, and the stock price is going to be manipulated by Musk, who’s already shown he’ll say weird shit on Twitter to drop Tesla’s price when he wants to buy some shares back. And on the other hand, the growth part of the equation is also predicated on him saying crazy shit on Twitter. He can’t be voted out either.

    Crypto seems like a better fucking investment at this point. I hope his IPO fails, but everyone’s so hyped up on infinite growth in stocks that are already overvalued that there’s just way too much stupid money going around right now.

    Yes, I need to make sure SpaceX stays focused on making life multiplanetary and extending consciousness to the stars, not pandering to someone’s bullshit quarterly earnings bonus!

    That’s all well and good, but if you consider how rich he is, and how he has rich friends who probably share his ideals, it becomes fairly obvious that this is the rug pull of the century. Otherwise if he doesn’t want to be liable for making number go up, he could make sure that only people who agree with him own any stock rather than going public.

  • Zwuzelmaus@feddit.orgEnglish
    13 hours

    secret knowledge previously known only to long-dead aliens.

    Ohhh… well… didn’t know he’s come that far already.

    ‘Lunatic’ is from Luna = the moon, right?

  • Pika@sh.itjust.worksEnglish
    10 hours

    So as a summery investing in spaceX means

    • No intention of a short or long term investment
    • realistically no control over company choices regardless of share type.

    The article is pretty accurate: if you buy in you are only there for the ride. Meaning hopefully you are there hoping he actually can produce what he claims he wants to do.

    • mannycalavera@feddit.ukEnglish
      10 hours

      The US government is throwing tax payer money at him so “the ride” is pretty sweet from where he’s sitting.

  • Archangel1313@lemmy.caEnglish
    12 hours

    Before I read the article, I would suspect it’s because if they had the chance, they would fire him.

    • Malyca@lemmy.zipEnglish
      7 hours

      IDK Tesla had 2 chances to fire him and both times they voted to give him 56 billion instead

    • Shdwdrgn@mander.xyzEnglish
      12 hours

      Also have not read the article, but I would presume it’s his same old tripe about how no company can ever succeed without his “wisdom” and “leadership”.

      • Zwuzelmaus@feddit.orgEnglish
        11 hours

        it’s his same old tripe about how no company can ever succeed without his “wisdom” and “leadership”.

        That’s interesting. I would even call it an illusion.

        He hasn’t done only good to paypal, then he actually ran Tesla deep into the mud, and now he’s aiming hard at SpaceX:

        Speaking to his employees in February, Musk described his dream for the future of SpaceX

        This is still a healthy company without him interfering too deeply.

        But after such an announcement, if I were any kind of valuable employee at SpaceX now, this would have made me fear for my future at that company, and probably I’d start looking around ASAP.