Repeated promises and claims which turn out false.
He is extremely arrogant and annoying. For example used "Pedo Guy" as insult at Twitter toward someone who committed crime of disagreeing with him, proceeded to claim that this does not mean "pedophile" in court.
And claimed that this person "married" 12 year old girl (actually, she was 32 years old).
Also, Musk has bunch of annoying fans.
(that is among some legitimate reasons, many hate him BECAUSE he is successful)
> dozen other things that will save humanity
That is really overstating it, and case of annoying fanboyism.
(personally I appreciate some achievements and see his role in that - without giving 100% credit to leader, confused why people praise some projects already, but see no reason to engage in fanboyism or Musk hate)
https://www.reddit.com/r/technology/comments/utes3n/comment/...
I find it hard to believe that someone so rich, yet so petty will "save humanity".
After he accused a random guy of being a pedophile because he saved a dozen kids, after he lied about making Tesla a private company, after he lied about Tesla accepting bitcoins as payment (just to speculate on BTC), it should be evident to everybody that Musk is not to be trusted. It wouldn’t surprise me if he pretended to buy Twitter to speculate on price changes with some weird derivatives.
nevertheless, "accused a random guy of being a pedophile" is damming
Then, when you die, your estate can take advantage of the step up rule. Which means that instead of using the original value of the stock you bought as a basis to calculate your profits, the basis is "stepped up" to the value of your stock on the day you died. After which, your estate can sell the stock and pay no taxes and then pay off the loans you lived off of your whole life.
And that is exactly why companies with founders that own lots of shares are no longer paying out dividends and trying to make a profit. They simply put everything possible back into growing the stock price eternally. Because dividends are taxed. Stock appreciation, if you are rich enough, is not.
Because he didn't have money before; he had paper wealth. Some media pretends that they're the same to keep you clicking. Now he's sold, he pays tax on it, because he gained capital.
I also dislike those who get lots of help from others to become rich and powerful then use their power to stop others from getting the same help, which he has done.
HN users consider themselves consumers first and foremost. The investor, techno-utopian believer, fanboy of companies..they are all sides which are secondary to the consumer one . At least on HN.
Despite all the media frenzy and fanfare about mr.Musk, the American consumer received next to nothing from him in terms of quality of life. And it's not like he's a young crypto-bro still finding himself. Guy is 50, has been doing this for 30 years. When I say "doing this" I mean offloading overpriced equity onto bigger fools using lies, deception and cult of personality.
Teslas for example still account for less than 1% of total vehicles sold globally in FY21. And it has been a slow year...also mr. Musk has been at the helm of Tesla for 20 years now. Less than 1% in 20 years...it means that the consumer is getting nothing.
He sells more top tier cars than all German car makers combined, for five years already.
And that’s nothing compared to what he does for space flight and the long term survival of conscience in the universe.
You seem to be very badly informed.
Dude, business ain't politics.
You have to be the person signing off the quality of life if you want people to shake your hand and pat your shoulder.
Musk is signing off quality of life for essentially nobody (1% of total vehicles sold globally in FY21) and those who are on the receiving end, they already have plenty of quality of life given that Teslas are basically luxury vehicles.
Real quality of life for everybody is Microsoft being used everywhere ranging from Bel Air to subsaharan Africa, same for Google, Facebook, Amazon. Even financial companies, you can find an HSBC or a Barclays branch in Lagos or Accra or Abuja, just as you can find them in NYC or LA for God's sake.
Another type of quality of life is Pfizer/Moderna 4$ vaccine injected in the arms of everybody in the developed world within 24 months from the emergence of a new virus, and AstraZeneca 0.10$ vaccine taking care of the developing world and especially India when they were burning bodies in the streets.
> You seem to be very badly informed.
You seem very insulated in your bubble of wealth and internet echo-chambers. Numbers don't lie. Musk companies are defacto non-existent in the real world. They provide quality of life to essentially nobody, and in fact you basiclly don't see them anywhere outside of places where huge amount of wealth is concentrated.
Narrative and headlines is the only metric in which such companies dominate.