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Politics - Quarantine Thread

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"do not adjust your tv set. we control the horizontal. we control the vertical."
lwol.png
 
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Couldn't have said it better.

OK, this has been quite a discussion about CV-19, but I think this thread was about Elon putting his foot in his mouth.

To that end, I read somewhere that when Elon posted that he thought the stock price was too high (quickly followed by a diminution of the stock) he, in fact, stopped the trigger for his $750 million bonus, for the stock price reaching certain levels and staying above for a certain amount of time. So as upset as average stockholders might be, he lost MUCH more from that tweet than anyone else.

The comment was that by doing this he saved the Tesla Q2 results from being depressed from paying him that amount in stock. Q2 being the quarter that will be MOST affected by the outbreak and lockdown. This may mean that Q2 profits, when we get there, may have positive results. This would mean 4 quarters of profit, a prerequisite for S&P admission. Joining the S&P will do a LOT to cement Tesla as a real company increasing its success at accomplishing its mission.

The quote was something like Elon is playing 3D chess while we are all playing checkers. Then you couch it in terms of a CEO upset over the business being on lockdown and he can tweet w/o SEC investigation.

That seems very clever if it's the case.

Isn't his incentive based on company value being > $100billion for > 6 months?
Even with the stock back to $700, it looks like market cap is still over $100billion (more like $130billion).
So, doesn't that mean the incentive is still in place?

People tend to dislike business-insider articles, but a search found these that claim to recap his package (as mentioned in January):
Elon Musk's road to a $55 billion payday is as complicated and full of detours as a video game — and he just unlocked the first level
Tesla's surging stock has Elon Musk on the brink of unlocking a $346 million payout. Here's what has to happen. (TSLA) | Markets Insider
 
Couldn't have said it better.

OK, this has been quite a discussion about CV-19, but I think this thread was about Elon putting his foot in his mouth.

To that end, I read somewhere that when Elon posted that he thought the stock price was too high (quickly followed by a diminution of the stock) he, in fact, stopped the trigger for his $750 million bonus, for the stock price reaching certain levels and staying above for a certain amount of time. So as upset as average stockholders might be, he lost MUCH more from that tweet than anyone else.

The comment was that by doing this he saved the Tesla Q2 results from being depressed from paying him that amount in stock. Q2 being the quarter that will be MOST affected by the outbreak and lockdown. This may mean that Q2 profits, when we get there, may have positive results. This would mean 4 quarters of profit, a prerequisite for S&P admission. Joining the S&P will do a LOT to cement Tesla as a real company increasing its success at accomplishing its mission.

The quote was something like Elon is playing 3D chess while we are all playing checkers. Then you couch it in terms of a CEO upset over the business being on lockdown and he can tweet w/o SEC investigation.

That seems very clever if it's the case.

So, Randy do you think Elon fell on his sword to help secure Tesla’s position and all of the rants about having to sell all of his possessions and the Star Spangled Banner were contrived?
 
Let's see, forbid firearm sales, close churches, arrest anyone protesting, restrict speech, sure sounds like an odd Constitutional Republic to me. Perhaps it's more like North Korea's Democratic Republic.

Just because you agree with the suspension of civil rights doesn't mean it's Constitutional. Why people can't admit to it is curious.
No need to admit to a pack lies. The U.S. Supreme Court has repeatedly upheld restrictions on gun sales. Think you would have a big problem convincing the court that the recent restrictions have some kind of hidden agenda regarding firearm sales.

And churches are not closed. And everyone protesting is not being arrested. And speech is not being restricted.

To compare the restrictions to North Korea is completely laughable. The debate over the restrictions is hardly being censored.

You and our bud Elon may not like the restrictions, but other than a few overreaching ones as in Michigan, they are perfectly legal.
 
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So, Randy do you think Elon fell on his sword to help secure Tesla’s position and all of the rants about having to sell all of his possessions and the Star Spangled Banner were contrived?
Who knows? Just kept hearing that he had botched his bonus by doing it. If that were true and he put the company on a better footing by doing it I would not be upset. He may also be upset with California and about to move to Texas so he can be near the new Terafactory as they ramp up. These could all be positive business decisions. Just trying to be the silver lining guy
 
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Who knows? Just kept hearing that he had botched his bonus by doing it. If that were true and he put the company on a better footing by doing it I would not be upset. He may also be upset with California and about to move to Texas so he can be near the new Terafactory as they ramp up. These could all be positive business decisions. Just trying to be the silver lining guy

Thanks Randy. It’s difficult to know. He could be playing 3d or 4d chess, but it could be much more simple than that. Big stock bonus = big taxes, maybe that factored into all the stuff about selling all of his possessions and not owning a home. Cash flow matters even for a billionaire. Tough to figure. He’s definitely under stress with the business and with the new baby due today.
 
So here is a random thought... Throw it into the outlandish conspiracy theory bucket...

What if someone in the world was deeply concerned that overpopulation had led to man-made climate change and future generations would find the planet nearly uninhabitable and the only way out is to shut down manufacturing, transportation, and reduce the global population? What if they had hundreds of deadly viruses in a lab and figured out which one would reduce the elderly population but preserve youth and cause society to shut themselves down to reduce greenhouse gas emissions?

Totally unbelievable, right?
You are too late. The inferno by Dan Brown has exactly that plot. Also a movie if you prefer.
 
thanks I'll see what is up*
here is what I was relating
Could the lockdown have side-effects no one has considered? | The Spectator

*Some basic background information and technical explanation on how they can or want to fight viruses
A somewhat painful presentation, but thanks for the link.

That article is pretty silly. Obviously, the virus could change, but it's unlikely to occur in a reasonable timeframe. And it could also get worse, rather than better.

Here's a more sophisticated response to that article, BTW:

Carl T. Bergstrom on Twitter

Carl T. Bergstrom on Twitter
 
Good thing the President and Congress [Senate & House] are limited by our US Constitution. Otherwise we might be fighting wars for decades.

8 wars?
military bases in +150 countries
Orwell tried to explain in his book from 1948 titled: 1984 and so Did Smedley Butler you should just goodle search his name.

Next thing you know the "government" or somebody (who??) will tell us to "house arrest our selves".
They'll probably let you come out after half the people are kicked out of their apartments and half the homes are in foreclosure. With all this increased supply - go look for bargains.

Some perspective
Number of deaths for leading causes of death [USA]:

FastStats
 
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Elon Musk on Twitter
Tesla is filing a lawsuit against Alameda County immediately. The unelected & ignorant “Interim Health Officer” of Alameda is acting contrary to the Governor, the President, our Constitutional freedoms & just plain common sense!
Frankly, this is the final straw. Tesla will now move its HQ and future programs to Texas/Nevada immediately. If we even retain Fremont manufacturing activity at all, it will be dependen on how Tesla is treated in the future. Tesla is the last carmaker left in CA.
 
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