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Elon Musk tweet wipes $14bn off Tesla's value

78 pointsby abhi3about 5 years ago

15 comments

crazygringoabout 5 years ago
Wait... ...<i>again?!?!</i><p>After his SEC agreement expressly requires him to have his tweets vetted first, and he didn&#x27;t?<p>What is the man thinking. He&#x27;s not an idiot. Is he self-destructing? Does he have the impulse control of a 5-year-old?<p>He&#x27;s going to lose his position on the board, for real.<p>And he <i>deserves to</i> at this point.<p>When you run a <i>publicly traded corporation</i>, there are rigorous rules about what you can and cannot say, and when, to <i>ensure a fair playing field for investors.</i> The same way there are rigorous rules against insider trading.<p>If he wants to act irresponsibly, then he should have kept Tesla a private company.<p>Seriously. The guy is simply not exhibiting the mental self-control to run a <i>publicly</i> traded corporation. It&#x27;s becoming clear he simply can&#x27;t do the job as is required, no matter how smart he may otherwise be.
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joshstrangeabout 5 years ago
&gt; &quot;We view these Musk comments as tongue in cheek and it&#x27;s Elon being Elon. It&#x27;s certainly a headache for investors for him to venture into this area as his tweeting remains a hot button issue and [Wall] Street clearly is frustrated,&quot;<p>I&#x27;m sorry, whose fault is it that Wall Street react to tweets? I mean really, If I&#x27;m long on Tesla (I&#x27;m not, I own none of their stock unless it&#x27;s somehow tied up in my 401K) am I selling all my stock because Elon said he thinks it&#x27;s too high? No, that would be stupid. Sounds like day traders&#x2F;HFT&#x27;s are the ones that choose to react to this stuff and then get burned and I have zero compassion for that. Live by the sword...
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_Microftabout 5 years ago
<i>I am selling almost all physical possessions. Will own no house. — Elon Musk (@elonmusk) May 1, 2020</i><p>Did his fortune cookie say &quot;When you can not <i>be free to</i> do things, <i>be free from</i> things instead&quot; or what? &gt;&lt;<p>His vision for and achievements with both Tesla and SpaceX are amazing but I am afraid that one day one of these shenanigans will be his undoing which would be pretty sad because I really want to see Mars colonization happening.
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yongjikabout 5 years ago
Wow, I just visited <a href="https:&#x2F;&#x2F;twitter.com&#x2F;elonmusk" rel="nofollow">https:&#x2F;&#x2F;twitter.com&#x2F;elonmusk</a> and...<p>&quot;Tesla stock price is too high imo&quot; is one of the tamer tweets.<p>&gt; I am selling almost all physical possessions. Will own no house.<p>&gt; Now give people back their FREEDOM<p>&gt; Rage, rage against the dying of the light of consciousness<p>(OK, the last one is apparently a quote from a poem, still...)<p>Sound more like tweets of a Hollywood celebrity who had one too many glasses of martini...
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Barrin92about 5 years ago
The Deus Ex profile pic is appropriate because I&#x27;m increasingly unsure if Elon Musk isn&#x27;t doing some kind of decade long performance art piece as a real-world Bob Page.
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archibaldJabout 5 years ago
It makes more sense if this is viewed as Musk&#x27;s way of manipulating the mainstream media into paying attention to his reopening stance and in the process change public opinion about the reopening perhaps. Losing some stock valuation with possible SEC fine is a small price to pay if the states do get reopened sooner and people are happily back to work again and the economy at least somewhat goes back to normal.<p>He can tweet as if he has gone mad or something. In one way or another it&#x27;s all a facade. I would buy more into this possibility than that he is unaware of the consequences of his tweets or is actually in some sort of mentally unstable state right now. All look very theatrical for me.<p>The &quot;my girlfriend is mad at me&quot; part actually made me snicker a little. I think that is something many people can relate to. Also, there appears to be more americans joining the reopen camp as the whole debate shifts to freedom vs authoritarian.<p>Or you can also argue that he is being irrational in a rational way.
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notastudentabout 5 years ago
Wow, everybody here seems to talk about first amendment, stock price and whatnot, completely ignoring the content of his statement. Hes a billionaire who wants his workers to get back to work, irrespective of their health. Dafuq. HN is such a boot licking community sometimes.<p>Go ahead, downvote me
perardiabout 5 years ago
Given the little slap on the wrist from the SEC for his “we’re going private at $420, man, yeah, funding secured” outburst, he will face no repercussions for this, and this’ll all be forgotten.
unstatusthequoabout 5 years ago
I have to wonder if his tweets are actually pre-screened per the prior SEC violation settlement. Sure seems like not with something like this appearing.
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mcbritabout 5 years ago
The environment is unimaginably stressful. Close your eyes for a moment, and imagine the voices.<p>It&#x27;s possible tomorrow that he wakes up, and gets on with it. It being: well, he&#x27;s pretty much defined what it is over the past 10+ years. It&#x27;s humbling and exciting. He is the best of us. I hope that happens.
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kalium-xyzabout 5 years ago
Is this this what mainstream appeal is now?
crypticaabout 5 years ago
Maybe Elon is regularly scaring speculators away from Tesla stock so that only strong believers remain. Strong stock holders allow higher P&#x2F;E ratios.
aaaxyzabout 5 years ago
Does anyone still take <i>anything</i> he says seriously?
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LeoNatan25about 5 years ago
I was hopping this followed his retarded &quot;FREE AMERICA NOW&quot; tweet, but of course, how naive of me.
zozbot234about 5 years ago
Discussed earlier <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=23043771" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=23043771</a>