bkp_duke
Well-Known Member
Simple question - does it matter?
Literally selling every car they can build at these prices.
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Elon & Twitter
- Thread starter Buckminster
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Simple question - does it matter?
Literally selling every car they can build at these prices.
Of course it does. You want to be making as high of a profit off of each unit sold as you can. And if you are in management or on the BOD, you have a fiduciary duty to your shareholders to make sure that you're generating as much value for them as you can.
ElectricIAC
Good-Natured Rascal
bkp_duke
Well-Known Member
But profit optimization is NOT Tesla's stated mission. And even back in 2021 Elon Tweeted that prices would DROP as costs continued to drop (before supply chain fiasco).
The BOD is fully behind Elon on this. It's not "maximize shareholder returns" that is Tesla's mission, it never has been.
And given the 8000% return in the past 5 years or so, and a valuation larger than the next 7 auto manufs combined, anyone arguing that Tesla hasn't "maximized shareholder value" is going to have a REALLY hard argument to make and support.
Again - YOU and some here may have an axe to grind, but the majority of people out there just don't give a *sugar* about Elon and Twitter. Sales numbers (selling every car made while growing as fast as possible) back up that statement.
bkp_duke
Well-Known Member
It's hilarious the degree of difference in the conversation in this thread and the main investors thread.
You have people in the main investors thread concerned about Tesla becoming a monopoly because of their efficiencies of scale, and here you have people hand-wringing the Elon has permanently damaged the brand.
The objective truth is probably in between. Tesla is fine, growing great and as fast as possible, but they will never be a monopoly.
You have people in the main investors thread concerned about Tesla becoming a monopoly because of their efficiencies of scale, and here you have people hand-wringing the Elon has permanently damaged the brand.
The objective truth is probably in between. Tesla is fine, growing great and as fast as possible, but they will never be a monopoly.
ElectricIAC
Good-Natured Rascal
I find it interesting that no one has really refuted my data points regarding take rates as someone who actually works in the auto industry.
If I’m wrong, I would love to know why.
Especially if it’s costing me sales.
Agreed. The thing is, he’s being paid -- kinda well -- to manage his boredom in a more private fashion.
This is reasonable. A big problem with debating this, or even just discussing it is, it's hard to imagine metrics that could be useful.
Any sane person knows the brand has been hurt with its core audience but we probably can never know how much in the terms that matter, which are vehicle sales....... as much of the lost sales will be people who just decided to never consider Tesla. Or, conversely, who never actually would have bought one under any circumstance but would just tell a pollster they would’ve except for Elon.
Etc.
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CEOs have a fiduciary responsibility to shareholders. They can be sued, and in some cases charged criminally, if their actions have an adverse impact on stock price.
If his actions at Twitter have an adverse impact at Tesla, that's a conflict of interest. At a minimum, the board has a fiduciary responsibility to act on any CoIs from executives or they open themselves up to the same treatment.
The answer to your question is: not enough money has been lost to trigger a class action lawsuit or an investigation by the SDNY.
Not sure any other answer matters.
Daniel in SD
(supervised)
lol. Is Elon really this ignorant about politics? Biden would love this.
ElectricIAC
Good-Natured Rascal
It would appear that he didn’t even read his own files that he released to journalists.
JRP3
Hyperactive Member
Will be interesting to see what happens to DWAC/TruthSocial if he does, seems guaranteed to tank the stock and damage the platform. His investors will not be happy.
ElectricIAC
Good-Natured Rascal
I assume Trump has a financial stake in it? It's hard to see him leaving as they might as well close down TruthSocial if he leaves. Hard to see TruthSocial take off as well though in it's current situation. Has there been any other notable members of TruthSocial?
Wouldn’t be the first company damaged by a Twitter addiction.
How dare they try to be the Boss of Earth when we already know that's Elon!
I’m skeptical of people who need everything explained to them in just one sentence.
jabloomf1230
Minister of Silly Walks
EfficientWatts
Member
I think one thing I got out of this whole thread is the important of diversification. I think it's one thing to be all-in when there wasn't so much noise, but another thing when all the dust clouds started to get kicked up (and I think there was a difference when it was FUD against Tesla the company vs the dust Elon has kicked up). Regardless of your view on Elon, I think the prudent thing to have done is to at least diversify a bit or at the very least reduce margin exposure.
How does this relate to Twitter? Well I do not think one can argue in good faith that Twitter has had zero impact on Tesla, but people get hyperfocused on wanting to be right and ignoring the big picture (I imagine two people arguing about who has right of way on a road as a flood wave approaches them), and they only end up hurting themselves. Sure, some may end up ok in the end (or even become way ahead by "sticking it to the man"), but that's a gamble one has to take if they choose to remain all in. And even as those people say "see, I was right!" you have to remember risk tolerance and morality is going to be different for everyone.
How does this relate to Twitter? Well I do not think one can argue in good faith that Twitter has had zero impact on Tesla, but people get hyperfocused on wanting to be right and ignoring the big picture (I imagine two people arguing about who has right of way on a road as a flood wave approaches them), and they only end up hurting themselves. Sure, some may end up ok in the end (or even become way ahead by "sticking it to the man"), but that's a gamble one has to take if they choose to remain all in. And even as those people say "see, I was right!" you have to remember risk tolerance and morality is going to be different for everyone.
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