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Re:Twitter just banned a wave of prominent journalists with ... by DanielVZ on Thursday December 15, 2022 @09:56PM (#34009235)
Tinfoil hat on: the dude is a foreign asset and now has to pay dividends.

Tinfoil hat off: all the admiration and money he received turned him into whatever it is that we are seeing today.

Re:Twitter just banned a wave of prominent journalists with ... by threeseed on Thursday December 15, 2022 @10:12PM (#34009432)
It doesn't need to be as conspiratorial as Musk being a foreign asset.

If Twitter took loans from interests either connected to or sympathetic to foreign governments e.g. Saudi Arabia, Russia then simply trying to keep them onboard could be enough to influence his decisions.

Re:Twitter just banned a wave of prominent journalists with ... by shusaku on Thursday December 15, 2022 @10:46PM (#34009817)
Ah yes, famously aligned Saudi Arabia and Russia. And anyways, neither of them care about someone tracking his private jet.
Re:Twitter just banned a wave of prominent journalists with ... by threeseed on Thursday December 15, 2022 @10:53PM (#34009890)
They are both very much aligned on preferring Trump to Biden.

Or in having a Twitter that has more lax rules around what they can say.

Re:Twitter just banned a wave of prominent journalists with ... by scaramanga on Thursday December 15, 2022 @10:20PM (#34009537)
Right... or those are both ludicrous rationalisations for someone who was always a gaping asshole. Many of us managed to never have been fooled by him.

If anything turned him into who he is, it would be his childhood. When he writes the xmas card to his half sister / niece, it must be difficult deciding how to fill out the card.

Re:Twitter just banned a wave of prominent journalists with ... by mushbino on Thursday December 15, 2022 @10:17PM (#34009480)
Nearly all of the value of his companies comes form government grants and loans. He also has large security state contracts with SpaceX and Starlink. He's a US govt asset, which is worse, imo.
Re:Twitter just banned a wave of prominent journalists with ... by fastball on Thursday December 15, 2022 @10:25PM (#34009585)
Umm, pretty sure most of the value of Tesla (his main source of wealth) comes from all their cars, tech, and manufacturing capacity.
Re:Twitter just banned a wave of prominent journalists with ... by dexterdog on Thursday December 15, 2022 @10:39PM (#34009752)
Most of the value comes from the ponzi scheme that is their stock. Nothing they have in assets, physical or otherwise, ever justified the price of the stock even at half of what it is today.
Re:Twitter just banned a wave of prominent journalists with ... by fastball on Friday December 16, 2022 @03:56AM (#34012378)
I bow to your wisdom. I haven't made much money in the stock market myself, but I assume you have since apparently you are smarter than the market.
Re:Twitter just banned a wave of prominent journalists with ... by dexterdog on Friday December 16, 2022 @09:55AM (#34015173)
I am smarter than the market and you probably are as well. That doesn't help making money though since money is made by luck mouth-breathers.
Re:Twitter just banned a wave of prominent journalists with ... by lokar on Thursday December 15, 2022 @10:36PM (#34009721)
A lot of (early?) Tesla revenue was other auto makers forced to buy credits from them
Re:Twitter just banned a wave of prominent journalists with ... by fastball on Friday December 16, 2022 @03:55AM (#34012364)
Ok, but the vast majority of revenue was not generated from selling credits over the entire lifetime of the company, which is what matters when we are talking about Tesla's present-day value (and therefore the source of Musk's wealth).
Re:Twitter just banned a wave of prominent journalists with ... by jeffbee on Thursday December 15, 2022 @10:34PM (#34009700)
Tesla got carried over the chasm by hundreds of millions of dollars in DOE-backed loans, their product is subsidized by state and federal price supports, and all of their profits are due to air pollution swaps, another government subsidy. Good for Tesla for being aligned with the government, I guess.

This is to say nothing of Elon's small-potatoes stealing from local governments via Boring.

Re:Twitter just banned a wave of prominent journalists with ... by wahnfrieden on Thursday December 15, 2022 @10:32PM (#34009678)
government emissions credits
Re:Twitter just banned a wave of prominent journalists with ... by scubbo on Thursday December 15, 2022 @10:44PM (#34009803)
I don't have a recent article backing this up, but this has been false as recently as last year: https://www.autoweek.com/news/green-cars/a36266393/tesla-mad...

I guess a definition of "value" as "the intangibles that allow it to keep functioning" would make your statement correct, but a definition that relies on "how it generates revenue" would probably not.

Re:Twitter just banned a wave of prominent journalists with ... by fastball on Friday December 16, 2022 @03:49AM (#34012325)
5% of Tesla 2021 Q1 revenue was generated from selling emission credits, 1% from trading Bitcoin, for a total of 6% generated from not selling cars / energy products / etc.

So yes, the vast majority of revenue generators (and therefore value generators) for Tesla (at least in Q1 2021, as per the article you linked) are the things I listed in my first comment.

You were seemingly thinking about what was generating profit, which is generally not how value is calculated, otherwise my (profitable) two-man company would be more valuable than Twitter. But given that you explicitly said "how it generates revenue" at the end of your comment I'm actually a bit confused as to your position.

Re:Twitter just banned a wave of prominent journalists with ... by scubbo on Monday December 19, 2022 @07:22PM (#34059831)
> Emissions credits accounted for $518 million in revenue in a quarter that saw a pretax income of $533 million and a net income of $438 million on a GAAP basis. Needless to say, the credits account for almost the entirety of Tesla's profit for this quarter

518/533 ~= 97%, not 5%. I must be misunderstanding something somewhere. Explicitly, I'm saying that (per my understanding of that article) Tesla derived more income from selling emissions credits than from selling cars in that particular quarter (and, I think it's reasonable to assume, other quarters, given how overwhelmingly that seems to be their business model).

Re:Twitter just banned a wave of prominent journalists with ... by fastball on Thursday December 22, 2022 @07:47PM (#34100998)
You are conflating "net income" (profit) with revenue. I do not disagree that the vast majority of profit was generated by selling credits, but revenue is how most people measure value for corps (this is how Amazon could be an amazingly valuable company while not turning a profit for years). Re-read the last para in my other comment for another example of why you don't use profit to benchmark "value".

Even the emission credits being "pure profit" is misleading, given that the only reason Tesla can sell those is because of the cars/batteries/etc they are producing, so realistically the cost of producing those things should be deducted against the revenue generated by selling the credits.

Re:Twitter just banned a wave of prominent journalists with ... by emodendroket on Thursday December 15, 2022 @10:27PM (#34009611)
He’s just sincerely gotten into right-wing conspiracism and also gotten the power to ban anyone who criticizes him.
Re:Twitter just banned a wave of prominent journalists with ... by FormerBandmate on Thursday December 15, 2022 @10:12PM (#34009435)
He's still giving Ukraine Starlink for free. He'd be an utterly horrible Russian asset
Re:Twitter just banned a wave of prominent journalists with ... by selcuka on Thursday December 15, 2022 @10:22PM (#34009554)
> He's still giving Ukraine Starlink for free

Paid for (at least partially) by the U.S. government [1]. You can't easily say "no" to your own government even if you are a foreign asset.

[1] https://www.independent.co.uk/tech/spacex-ukraine-elon-musk-...

Re:Twitter just banned a wave of prominent journalists with ... by mannerheim on Thursday December 15, 2022 @10:30PM (#34009658)
GP didn't say which foreign asset.

The Saudis are major shareholders in Twitter, although personally I doubt they're telling Musk what to do so much as being content to let him run it into the ground; it's a win for them whether Twitter under Musk succeeds or fails.

Re:Twitter just banned a wave of prominent journalists with ... by niyikiza on Thursday December 15, 2022 @10:50PM (#34009860)
I don't actually even remotely believe that he is a foreign government asset, but I don't think that's a good argument: giving Starlink to Ukraine is exactly one of the things that a Russian asset would do.
Re:Twitter just banned a wave of prominent journalists with ... by yks on Friday December 16, 2022 @12:10AM (#34010628)
All Ukrainians I know are paying for Starlinks and the fee have been recently increased.
Re:Twitter just banned a wave of prominent journalists with ... by AnimalMuppet on Thursday December 15, 2022 @09:58PM (#34009265)
Admiration and money don't really change people. It more exposes them.
Re:Twitter just banned a wave of prominent journalists with ... by franciscop on Thursday December 15, 2022 @10:04PM (#34009335)
Why not? I can definitely see it changing people, e.g. a simple example making them more paranoid.
Re:Twitter just banned a wave of prominent journalists with ... by DonHopkins on Thursday December 15, 2022 @10:31PM (#34009667)
Which makes me even more impressed that Weird Al and Steve Martin are still nice guys.

...Too bad about Dave Chappelle, though. He's on his way to pulling a Gallagher.

Re:Twitter just banned a wave of prominent journalists with ... by JackeJR on Friday December 16, 2022 @02:00AM (#34011529)
I think this is maybe in reference to LBJ's lifelong biographer Robert Caro where he states that "power does not corrupt, power reveals". In it he asserts that what one does with power after obtaining it reveals what the person is. It was there all along, power simply makes it show up prominently.
Re:Twitter just banned a wave of prominent journalists with ... by franciscop on Friday December 16, 2022 @10:21AM (#34015538)
Yes I understand but I am challenging that with my question (besides "power" in the abstract is very different vs "being constantly recognized/followed"). Certainly being followed, attacked and assaulted in public constantly for being famous can bring trauma, and trauma can change a person, usually for the worse.
Re:Twitter just banned a wave of prominent journalists with ... by ilyt on Friday December 16, 2022 @03:03AM (#34012036)
Well, there are multiple facets to it. Suddenly having money and having random relatives and old acquaintances show up in your life asking for it might make someone disillusioned about what they thought about the people.

But it won't make genuinely nice person into an asshole that kicks kittens, the money just acts as enabler for stuff they might've been afraid to do before coz of consequences. Like for example pretending to be nice to get promotion at work vs unleashing assholery once there is nobody there to kick you down for your behaviour

Re:Twitter just banned a wave of prominent journalists with ... by fastball on Thursday December 15, 2022 @10:26PM (#34009607)
I'd file this statement alongside the age-old "alcohol doesn't change people it just exposes them" – sounds plausible, but very poorly evidenced.
Re:Twitter just banned a wave of prominent journalists with ... by dmonitor on Thursday December 15, 2022 @11:12PM (#34010063)
if elon were a foreign asset, he’d be playing WAY safer with all this shit. he’s probably just doing this because he wants to.