Re:Tesla shares tank after U.S. discounts doubled on key models
by Gibbon1 on Friday December 23, 2022 @05:15AM
(#34104163)
Musk is what we call a dummy. He could have bought GM for close to what he paid for twitter.
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Re:Tesla shares tank after U.S. discounts doubled on key models
by randomsearch on Friday December 23, 2022 @05:29AM
(#34104236)
Bit OT but generally speaking if you care about company culture and want to build something great, acquiring mature companies is not the way to go. You end up with an alien culture you can’t integrate into your own. This is why Apple only buy companies they absolutely have to, and specifically early stage where the culture has not ossified yet.
So don’t buy GM - or Twitter…
Re:Tesla shares tank after U.S. discounts doubled on key models
by xiphias2 on Friday December 23, 2022 @05:52AM
(#34104398)
It can be done with Twitter, the problem was that Elon got too emotional about it. Icahn was already looking forward to a proxy fight and just kicking out people without changing the product too much, but Elon buying his lots of shares was an easier way to make hundreds of millions in profit.
Re:Tesla shares tank after U.S. discounts doubled on key models
by bryanlarsen on Friday December 23, 2022 @08:18AM
(#34105446)
Only if he was willing to assume GM's $80B of long term debt. So he would have had to really pay almost 3X as much for GM as he paid for Twitter