| Why did 'X' bother as they are now known as X(formerly known as Twitter)!? (n/t) 14:14 - Nov 4 with 4191 views | norfsufblue |
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| Why did 'X' bother as they are now known as X(formerly known as Twitter)!? (n/t on 09:32 - Nov 6 with 697 views | gordon |
| Why did 'X' bother as they are now known as X(formerly known as Twitter)!? (n/t on 11:17 - Nov 5 by mutters |
The comparison I made was between Tesla and Amazon when it came to profitability.
The reference to X was it's removal from the he S&P index due to it becoming a private company.
Two separate points of discussion☺️ |
He bought it for $44 billion and it's now valued at $19 billion, so he is doing a bit of a Marcus Evans to be fair. |  | | |
| Why did 'X' bother as they are now known as X(formerly known as Twitter)!? (n/t on 09:57 - Nov 6 with 654 views | GlasgowBlue |
Speaking of X
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| Why did 'X' bother as they are now known as X(formerly known as Twitter)!? (n/t on 10:03 - Nov 6 with 646 views | Ryorry |
| Why did 'X' bother as they are now known as X(formerly known as Twitter)!? (n/t on 09:57 - Nov 6 by GlasgowBlue |
Speaking of X
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Bloody hell.
You could be forgiven for thinking EM is deliberately trying to wreck Twitter. |  |
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| Why did 'X' bother as they are now known as X(formerly known as Twitter)!? (n/t on 10:10 - Nov 6 with 633 views | DanTheMan |
| Why did 'X' bother as they are now known as X(formerly known as Twitter)!? (n/t on 09:57 - Nov 6 by GlasgowBlue |
Speaking of X
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He doesn't care, he's now fully on board with people in that space. Regularly interacts with all the wrong sort of people.
At the start of the hostilities in Israel, he was promoting an account that was very obviously antisemitic. |  |
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| Why did 'X' bother as they are now known as X(formerly known as Twitter)!? (n/t on 14:53 - Nov 6 with 580 views | mutters |
| Why did 'X' bother as they are now known as X(formerly known as Twitter)!? (n/t on 08:13 - Nov 6 by DanTheMan |
Amazon made losses as it was spending the money expanding its business. It's not the same as what we are seeing happen with Twitter / X.
For what it's worth, he's a decent businessman but little other than that as far as I can see. He found himself in the right place at the right time with regards to X.com and Confinity (later PayPal). He then almost ruined it with a disastrous rewrite and was essentially forced out by the board.
He reminds me a little of the way people sometimes view Steve Jobs as an engineer. He's not actually got any expertise in anything but he sounds like he does to a layperson. |
Yeah sorry my post wasn't very clear when reading it back
I was comparing Telsa to Amazon when talking about losses. Often Tech firms lose a bunch before being profitable, the same is happening with Square at the moment. |  |
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| Why did 'X' bother as they are now known as X(formerly known as Twitter)!? (n/t on 15:03 - Nov 6 with 559 views | mutters |
| Why did 'X' bother as they are now known as X(formerly known as Twitter)!? (n/t on 07:57 - Nov 6 by SuperKieranMcKenna |
The share price in no way reflects the companies value - just propped up by the Elon Hype from his followers. It values them as the largest car company in the world, despite not even being in the top TEN in sales. The only reason they sometime turn a profit is by touting carbon credits whilst the vehicles sell at a loss. I’ve stayed well clear!
He’d have been much better placed and profitable by selling his battery tech to the OEMs rather than spending vast amounts of capex trying to build a car manufacturer, and brand from scratch. Led by his ego I suspect.
As I say he’s been done by the SEC in the US, as well ans frequently influencing crypto prices, and tried to wriggle out of his Twitter contract. Inherently untrustworthy businessman. |
Share price in tech firms are often not based on current sales, especially in their early years, but more on the future and their potential. Whilst the price it got to was overhyped it certainly has sparks a change in the car industry as nearly all mass producers if cars are now proposing a phasing out of combustion engine. It's not down to just Tesla but they certainly have been the face of the EV revolution.
Funn you mentioned batteries, I have often thought about whether this is comparable with McDonalds and real estate. The face of the company maybe be cars, but their R&D in battery and battery storage is very impressive.
Yes I understand more on the SEC if your original point was relating to crypto. The whole shiba inu situation was fascinating and a lot of people lost money based on him hyping it up. I suspect he bought twitter when stoned and then sobered and thought what the fook have I done! Don't blame him for trying to renegotiate as the deal doesn't look great short term, problem is Elon, you signed the contract 😂😂 | |
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| Why did 'X' bother as they are now known as X(formerly known as Twitter)!? (n/t on 15:05 - Nov 6 with 545 views | mutters |
| Why did 'X' bother as they are now known as X(formerly known as Twitter)!? (n/t on 09:32 - Nov 6 by gordon |
He bought it for $44 billion and it's now valued at $19 billion, so he is doing a bit of a Marcus Evans to be fair. |
I suspect it actually worth a lot less than that. A Forbes report stated it could be worth $8 billions. Ouch 😳 | |
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