Comment by kakacik
5 hours ago
> Elon is aware that Tesla insane market valuation would crash 10x if it stays a car company.
I see nothing wrong here, correction back to reality.
I understand why people adored him blindly in the early days, but liking him now after its clear what sort of person he is and always will be is same as liking trump. Many people still do it, but its hardly a defensible position unless on is already invested in his empire.
It’d be best for everyone outside of the company but he and the board would be buried in lawsuits for the rest of their lives. They have a strong personal interest in avoiding that even if it’s well-deserved based on sober data analysis, so they’re pushing the Hail Mary play trying to jump into a bigger new market which they haven’t already ceded to the competition.
We need to bring back the concept of seppuku for situations like that. "We have to lie more because it would be too painful to admit our lies" should be a moment that makes any leader question where they have been, where they are, where they're going, and all of their motivations and reasoning. It should be the sort of "what have I done?" moment that sends a person to a monastery, an asylum, or the grave.
They also reported tiny profits that are just slightly above what they get in as subsidies. P/E compared to other similar companies is also through the roof.
I saw a pretty convincing argument that Musk fried his brain with ketamine, written by a former ketamine abuser who saw a lot of familiar behavior. I don't think Musk is the same guy now that he was in the early days.
Sounds like a reach. Many people just loved the stuff he was doing and didn't really know much about him as a person. When a more complete picture (specifically his politics) emerged, and people decided they really didn't like the person, they had to resolve their cognitive dissonance by finding reasons they were right then and right now, instead of admitting they projected the person they imagined onto the person they really didn't know. Tech enthusiasts just never imagined that a guy doing so many cool things could turn out to be a right-winger.