Stocks A to Z / Stocks T / Tesla (TSLA)
No. of Recommendations: 0
When Elon hits all his compensation metrics and TSLA 10Xs, people who are saying nothing now will come out of the woodwork condemning him for being greedy at the expense of the shareholders.
TSLA: $395
No. of Recommendations: 1
unsure who you claim is shy.
i have posted tsla is more than matching its meme and grift brethren.
m.levine had some new updates :
"...Tesla’s shareholders like Musk; they think the company is worth more when it has his full(ish) attention and interest, and it’s worth less when he’s off doing other things...
the stock went up more or less entirely because of Musk’s $1 billion purchase...
But in practice, if buying $1b of stock makes your stock go up by $17b, then selling that $17b of stock will make your stock go down by much more. (Though: If Musk files a disclosure tomorrow saying that he sold $17b of stock today, I’ll be impressed.)...
My general view is that (1) Musk can move the prices of various Musk-related securities and tokens, (2) he gleefully does move those prices around, but (3) he does not generally monetize the results. He moves his stock price for fun, not for profit..."
basically, musk will be much happier re: bigger trump\gop bribes in the future if he retains his richest human title.
No. of Recommendations: 0
But in practice, if buying $1b of stock makes your stock go up by $17b, then selling that $17b of stock will make your stock go down by much more. (Though: If Musk files a disclosure tomorrow saying that he sold $17b of stock today, I’ll be impressed.)...
It doesn't work that way. First of all, the value of the company went up by about $45b yesterday (about 3.5%), not $17b. Second, if Musk bought $1b (last week), and the news of this pushed up the value of the company up by $45b, Musk can't sell $17b or $45b of stock, he can only sell about $1.035b worth of stock. But as you say, this is not likely.
My general view is that (1) Musk can move the prices of various Musk-related securities and tokens, (2) he gleefully does move those prices around, but (3) he does not generally monetize the results. He moves his stock price for fun, not for profit..."
basically, musk will be much happier re: bigger trump\gop bribes in the future if he retains his richest human title.
Musk could probably move prices fairly easily, but he doesn't seem to do it very much, so how do you justify the accusation that he is doing this 'gleefully'? You are probably right in thinking he would like to retain his 'richest human title', as would I, if I were in his situation, but it seems to me highly uncharitable and also implausible that this is so that he can bribe anyone - if so, why purposefully blow up what looked like a very cozy relationship with the president, by taking issue with his 'big, beautiful budget'? No need to be shy, but the criticism should at least make sense.
CEO's and other executives buy their own stock all the time, and this usually indicates confidence in the prospects of their companies. I would not want to be on the other side of a bet against Musk, either as an investor or as a competitor.
DTB
No. of Recommendations: 0
first, you are responding to quoted musk comments made by noted authority matt levine from earlier this week, not some interweb rando.
the final comment regarding trump is mine.
in all, let's say musk 'contributed' roughly ~$1b to trump and such close causes before whatever sudden realization happened. call it what you will, but know it for what it is; i dont see any real qualms nor repercussions for either in public bribes folded under shallow pretext.
so was musk stupid then to fund trump, or now, to throw it all away plus tesla brand value? yes he is, otherwise this should at least make some sense retrospectively.
does this somehow preclude a future reunion with trump, for a higher price, were musk to realize how much mutual grift they can still incur within 3 years? no.
i dont really think musk needs to hold the richest man title to re-kindle w/trump, but it does have a certain mutual ego appeal to both. if musk needs any consolation, he will remain richer than trump could dream of as long as tesla remains solvent and he has unlimited compensation via fanboy shareholders.
