Re:Elon Musk Confronts a Fateful Tweet and an ‘Excruciating’...
by rjdagost on Friday August 17, 2018 @09:17AM
(#17782564)
It is not odd that the tides have turned against Musk. What is odd is that it took this long for the tides to turn against him. That a company is still around after incinerating cash so rapidly and consistently for ~16 years is an incredible feat. There is big money betting against him, but there is also big money betting for him.
Most of Musk's troubles are of his own doing. He took enormous risks in rushing the Model 3 to production and frankly they have been disastrous. His SEC troubles (which are just starting) are entirely of his own doing.
Re:Elon Musk Confronts a Fateful Tweet and an ‘Excruciating’...
by rebuilder on Friday August 17, 2018 @07:39AM
(#17782009)
If your company is failing to meet goals and you know it, your PR department can keep the wolves at bay for some time. If you can't fix the problems, eventually the real situation of your company will start to come to light, and opinions will change abruptly, since the contrast between the PR and reality will have grown huge.
Re:Elon Musk Confronts a Fateful Tweet and an ‘Excruciating’...
by compcoffee on Friday August 17, 2018 @07:30AM
(#17781954)
>Big industry hates Elon
Elon is Big Industry.
Have you ever stopped to wonder that maybe people "don't like him" because he's a jerk and his company loses vast amounts of money? Don't need a tinfoil hat.
Re:Elon Musk Confronts a Fateful Tweet and an ‘Excruciating’...
by shakestheclown on Friday August 17, 2018 @10:06AM
(#17782893)
Why would you care if his company loses someone else's money?
Re:Elon Musk Confronts a Fateful Tweet and an ‘Excruciating’...
by nostrebored on Friday August 17, 2018 @08:24AM
(#17782235)
Other companies make affordable EVs, and without the massive amounts of rent seeking that Elon takes part in. Tides turn quickly against conmen. Do you think Tesla will buy out shares?
Just need to take a look at how tides have turned so quickly against Elon in the last year. Seems very odd. And the short sellers could quite easily be hedge funds backed with big money interests.