The Trump Presidency - Part 2

DavidDeSchmikes said:
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Trump: This man is a great patriot and you should cherish him. You should cherish him. We have to take care of our high iq people billionaires because we don't have too many of them how else will the politicians line our pockets and we have to take care of them.
 
Tarrou said:
I think he'll leave Tesla within the year

they'll force him out
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As I said before they’re damned if they do and damned if they don’t. A lot of TSLA investors will be those that have drunk the Musk kool aide or those that just see him as a useful idiot hype man that can drive stock price like no other.

I expect we have already seen a lot of the latter exiting to be fair but if he does leave, they’re kinda just another EV manufacturer in an increasingly competitive market.
 
Mike Smalling said:
Who’s the ‘they’ you are talking about? He has filled the board with family members and sycophants.
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how many of his family?

anyone who isn't his family is watching their net worth plummet because of whatever the feck is wrong with him, some mental illness and drug addiction I guess?
 
Tarrou said:
~60% is being used as leverage

be interesting to see if his behaviour changes with the threat of losing a lot of his wealth at large
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How is that possible? He own 13% of Tesla, which would be 94B. 60% of that is 56B. The entire Twitter cost just around 40B and he was not the only investor.

I guess he took debts for his other companies and backed them by Tesla stocks?

If that is the case, would be quite nice if Tesla continues falling down and banks margin call him or something. Probably not under this administration though.
 
Revan said:
How is that possible? He own 13% of Tesla, which would be 94B. 60% of that is 56B. The entire Twitter cost just around 40B and he was not the only investor.

I guess he took debts for his other companies and backed them by Tesla stocks?

If that is the case, would be quite nice if Tesla continues falling down and banks margin call him or something. Probably not under this administration though.
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people have dug through the SEC filings, he's been using his tesla stock to take out loans in loads of different shit since it listed in 2010

we'll know when he's really short of liquidity when he starts shilling memecoins
 
WPMUFC said:
https://abcnews.go.com/US/department-education-faces-50-layoffs-after-closure-notice/story?id=119690524&utm_source=flipboard&utm_content=user/abc

here we go again the next department to be shut down. No planning, just act. all states about to be thrown in the lurch.
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My American nephew is studying in Ireland. He told me the other day that if they shut this department down then he’s going to argue that he doesn’t have to pay back his student loan as it was issued by department of education
 
golden_blunder said:
My American nephew is studying in Ireland. He told me the other day that if they shut this department down then he’s going to argue that he doesn’t have to pay back his student loan as it was issued by department of education
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probably going to sell the loans to the banks.
 
The US was the sole vote against the UN "International Day of Hope" because it was too DEI :lol:

fbdzgge5t5oe1.jpeg
 
Tarrou said:
how many of his family?

anyone who isn't his family is watching their net worth plummet because of whatever the feck is wrong with him, some mental illness and drug addiction I guess?
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It's actually just Musk and his brother that sit on the board. Then there is James Murdoch, but beyond those it looks like a normal board actually. I thought for a second that Dana White was also on it, but that's Meta apparently.

Anyway, I doubt the rest of the board have huge personal stakes in Tesla anymore. Their problem is that a lot of the value of Tesla has historically been tied to Musk's ability to fool the market into believing he is a visionary genius. He might be incredibly toxic right now, but it could be even worse for the stock price to get rid of him. And if they tried, Elon still controls about 25% of the voting rights himself and likely has sway over more.
 
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Mike Smalling said:
It's actually just Musk and his brother that sit on the board. Then there is James Murdoch, but beyond those it looks like a normal board actually. I thought for a second that Dana White was also on it, but that's Meta apparently.

Anyway, I doubt the rest of the board have huge personal stakes in Tesla anymore. Their problem is that a lot of the value of Tesla has historically been tied to Musk's ability to fool the market into believing he is a visionary genius. He might be incredibly toxic right now, but it could be even worse for the stock price to get rid of him. And if they tried they'd, Elon still controls about 25% of the voting rights himself and likely has sway over more.
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Yeah, i get the whole catch 22 behind the decision, but I'm predicting it won't matter eventually

I think it has to play out that way (or he leaves voluntarily). He's destroying the brand value customer retention value, and sales and the stock price are both tanking.

When it becomes so clear that the actions of one person are recklessly destroying value in a public company you're legally obligated to take action, if not you'll get sued by your shareholders and possible in hot water with the SEC.

And let's be honest, they probably all hate him anyway, including his brother. He's a whopping great cnut and probably a nightmare to work with.

As someone who has sat on a number BoDs over the years (including a PLC), you'd be amazed at how disloyal family members and "sycophant's" can be sometimes
 
Tarrou said:
Yeah, i get the whole catch 22 behind the decision, but I'm predicting it won't matter eventually

I think it has to play out that way (or he leaves voluntarily). He's destroying the brand value customer retention value, and sales and the stock price are both tanking.

When it becomes so clear that the actions of one person are recklessly destroying value in a public company you're legally obligated to take action, if not you'll get sued by your shareholders and possible in hot water with the SEC.

And let's be honest, they probably all hate him anyway, including his brother. He's a whopping great cnut and probably a nightmare to work with.

As someone who has sat on a number BoDs over the years (including a PLC), you'd be amazed at how disloyal family members and "sycophant's" can be sometimes
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Will be interesting to see for sure. But I think many people are glossing over the fact that this latest value drop is just the post-election gains that have disappeared. The stock is still up 30% compared to a year go, and in general it has been in the 150-300 USD range since the beginning of 2021 with a few exceptions. It is now 230, so there is still a long way to go before it really starts to get interesting.
 
WPMUFC said:
The US was the sole vote against the UN "International Day of Hope" because it was too DEI :lol:

fbdzgge5t5oe1.jpeg
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"What is it impossible for nations to vote against, being that it doesn't really mean anything nor does it mean nations have to bind themselves even reputationally to the motion. Let's go for Hope".

4 abstentions and the US votes against.
 
I think there is no real coming back from this nonsense for America.

So much bizarre shit and this is just 2 months in, there is 46 to go. Imagine what will be everyday normal over there by then?
 
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