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Old 11-20-2022, 07:41 AM   #211
mjolnir
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It appears that the Trump account has been re-instated. If so, look for liberal media to have a 'meltdown', lol.
 
Old 11-20-2022, 09:50 AM   #212
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Quote:
Originally Posted by business_kid View Post
...
But what has he done to
  • Users?
  • Advertisers?
...
As far as users go, I can't see any downside so far.

Re. advertisers, I'm guessing the economy resulting from staff cuts may go quite a bit towards offsetting the revenue lost from advertisers?
 
Old 11-20-2022, 09:55 AM   #213
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Quote:
Originally Posted by yancek View Post
I'm curious as to the purpose in Musk purchasing Twitter, particularly at the price he paid. I don't know how these companies are valued but everything I read indicates he paid approximately double the company's estimated value.
I would have thought it was obvious. He wants to spread his ego around. And he has the money to do it, unlike Trump, who would love to own Twitter but isn't rich enough to buy it.
 
Old 11-20-2022, 01:17 PM   #214
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I would have thought it was obvious. He wants to spread his ego around. And he has the money to do it, unlike Trump, who would love to own Twitter but isn't rich enough to buy it.
You don't get to be a multi-billionaire by putting your ego above profitability.
 
Old 11-20-2022, 04:42 PM   #215
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Quote:
Originally Posted by Ser Olmy View Post
You don't get to be a multi-billionaire by putting your ego above profitability.
He did.
If you look at how many of his businesses have actually paid for themselves...

He is VERY good at coming up with ideas, and getting people to advance and support projects to express those ideas. He has shown no particular talent for managing those projects.

So far.
Keep in mind he is not done yet. He might yet grow up into the job, or figure out how to offload responsibility and authority onto others more capable than he is at the day to day businesses.

No, really, it could happen! No, I am not accepting odds!

Last edited by wpeckham; 11-20-2022 at 04:44 PM.
 
Old 11-20-2022, 05:17 PM   #216
enorbet
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I don't care to speculate how much ego is involved in financial prowess beyond that for some it is probably essential for the confidence to keep trying despite some failures, the required learning process of success. However there is also a great deal of luck involved as not everyone who "builds a better mousetrap" gets the world clamoring at their door. Timing,location, marketing, price point and much more are effectively a roll of the dice. It is probably true that Tucker automobiles were great cars but suffered from too much innovation too soon not to mention effective negativity from established competition.

In the case of Elon Musk, I don't see how anyone can write him off as bad management. For one thing he "puts his money where his mouth is". As I understand it more than one of his ventures faced abject failure and he invested his own personal money, went "all in" which caused extreme loyalty on many employees and complete disdain and wretched negativity from established CEOs... and those ventures succeeded. I do wish for him though that he would dump Twitter to avoid distraction from his loftier goals. That said, I also cannot imagine that he is unable to delegate authority given how thin he is spread and the longevity and capabilities of Gwynne Shotwell, who recently got even more responsibility. In fact. I'd say one of Mr. Musks best characteristics is his willingness and ability to hire and motivate top notch people in their fields.

As for ego, what sort of people become leaders? Soft quiet personalities? Yeah. NO!
 
Old 11-21-2022, 01:48 PM   #217
business_kid
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My take on it is that he's doing the drastic surgery here and now, and he'll hand pick a team to run it by spring. I don't really care what it's worth, but with so many laid off on generous terms, the piggy bank will be low or empty by the time he's finished, and he's killed the advertising revenue. That's not something that should be done lightly. He named himself well: "Chief Twit!"
 
Old 11-21-2022, 07:13 PM   #218
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FYI: multiple public service, progressive, other liberal, and humanitarian aid accounts have been blind-blocked, removed, and all of their followers removed. Many of these had said bad things about Trump three or four years ago, but that is the only thing (other than being in support of humanitarian projects or not conservative) that they seem to have in common. None of them received any official notice from or on Twitter.

No one seems to really KNOW what is going on, but it looks like the Musk version of "free speech" may be a factor.
Still watching to see if we can figure this out.

FYI 2: My Twitter account was set up to only allow my machines to submit a tweet on errors as an alert mechanism, and I have never personally posted a tweet. My account is still there, but no longer checked. Until today, when I heard about this issue.
Family members have started finding my account on Mastodon, if only to ensure we maintain online communication.
 
Old 11-22-2022, 08:54 AM   #219
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https://www.macrotrends.net/stocks/c...a/gross-profit
Tesla Annual Gross Profit
(Millions of US $)
2021 $13,606
2020 $6,630
2019 $4,069
2018 $4,042
2017 $2,223
2016 $1,599
2015 $924
2014 $882
2013 $456
2012 $30
2011 $62
2010 $31
2009 $10
Tesla appears to be doing fairly well. No idea of the value of 'net' profit.
 
Old 11-22-2022, 09:27 AM   #220
ntubski
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Quote:
Originally Posted by mjolnir View Post
No idea of the value of 'net' profit.
It's listed under https://www.macrotrends.net/stocks/c...sla/net-income, although only back to 2019 for some reason:

Quote:
Net income can be defined as company's net profit or loss [...]

Tesla net income for the twelve months ending September 30, 2022 was $11.190B, a 219.81% increase year-over-year.
Tesla annual net income for 2021 was $5.519B, a 665.46% increase from 2020.
Tesla annual net income for 2020 was $0.721B, a 183.64% decline from 2019.
Tesla annual net income for 2019 was $-0.862B, a 11.68% decline from 2018.
 
Old 11-22-2022, 09:32 AM   #221
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If leaky memory serves, they'd been returning losses until 2018(?) when the model 3 started shipping serious numbers. Like a lot of tech startups, returns on the (huge)investment was poor, but I think they've been profitable most years since.
 
Old 11-22-2022, 09:36 AM   #222
mjolnir
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Quote:
Originally Posted by ntubski View Post
It's listed under https://www.macrotrends.net/stocks/c...sla/net-income, although only back to 2019 for some reason:
Thanks.
Found it a little further down the page:

Tesla Annual Net Income
(Millions of US $)
2021 $5,519
2020 $721
2019 $-862
2018 $-976
2017 $-1,962
2016 $-675
2015 $-889
2014 $-294
2013 $-74
2012 $-396
2011 $-254
2010 $-154
2009 $-56

Edit: With most of the major car companies stressing electric vehicles going forward it will be interesting to see how the company fares in the future.

Last edited by mjolnir; 11-22-2022 at 09:44 AM.
 
Old 11-22-2022, 10:45 AM   #223
michaelk
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There are lots EV models on the market now but the advantage IMHO at the moment is the Tesla super charging station infrastructure. I read somewhere that Musk was going to open them up to any vehicle for a trial period but do not know if that ever happened. While there are many "destination" charging stations, most are only level 2 type and will not charge fast enough if traveling long distances.

Hindsight is always 20/20 but there should of been a standard set for the electrical plugin connector.
 
Old 11-22-2022, 11:00 AM   #224
mjolnir
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...I read somewhere that Musk was going to open them up to any vehicle for a trial period but do not know if that ever happened. ...Hindsight is always 20/20 but there should of been a standard set for the electrical plugin connector.
It appears that Musk carried through with that promise:

"With more than a decade of use and 20 billion EV charging miles to its name, the Tesla charging connector is the most proven in North America, offering AC charging and up to 1 MW DC charging in one slim package. It has no moving parts, is half the size, and twice as powerful as Combined Charging System (CCS) connectors."

and:

"In pursuit of our mission to accelerate the world’s transition to sustainable energy, today we are opening our EV connector design to the world. ...As a purely electrical and mechanical interface agnostic to use case and communication protocol, NACS is straightforward to adopt. The design and specification files are available for download, and we are actively working with relevant standards bodies to codify Tesla’s charging connector as a public standard. Enjoy."
Files and cad drawings available here: https://www.tesla.com/support/chargi...#NACS-resource
 
Old 11-25-2022, 09:01 AM   #225
mjolnir
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https://twitter.com/elonmusk/status/1595473875847942146

Elon Musk
@elonmusk
Should Twitter offer a general amnesty to suspended accounts, provided that they have not broken the law or engaged in egregious spam?
Yes
72.4%
No
27.6%
3,162,112 votes
·
Final results
11:46 AM · Nov 23, 2022
·

Elon Musk
@elonmusk
·
18h
Replying to
@elonmusk
The people have spoken.

Amnesty begins next week.

Vox Populi, Vox Dei.
 
  


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