There's no reasonable way to right that ship.
I think he knows he's on the Titanic. I think he's looking for a pretense to get out, to stop this from taking TSLA down with it even further. TSLA is down -50% in three months, whereas the S&P500 is flat.
Any jackass can formulate an argument against someone by misquoting, the real skill is in doing it while being accurate.
He's doing the same thing here, he just has more money to play with, which I think it what people are ultimately annoyed about.
Also worth pointing out that for years and years everyone said the way he was going about aerospace was impossible and stupid and was never going to work. They said the same thing about his approach to automobiles.
By very definition to shake up an industry you need to go against the status quo. You need to do something others have not, and you need to take risks. Otherwise you're just going to get a 1 or 2% improvement. So actually I see him messing with Twitter so fundamentally as a good thing, because there's a chance it will result in something great. It might burn to the ground too, but that's the risk you take when you actually do something.
I mean, the worst thing about Facebook/YouTube is the relentless advertising, so maybe there's a chance that Elon chasing away advertisers is actually a good thing for Twitter users? He owns the thing, what do you care if it makes very little money?
I guarantee YouTube and Facebook would be more enjoyable to use with 1/10th the number of ads (and as a result, 1/10th the profit, which means nothing to me)
OK, but if you do that, people will consider you reckless, and people will question whether they can trust you with other endeavors.
Hence TSLA sinking like lead.
People are very confused about what to be outraged about. They feel as if they should be outraged at a Billionaire, they just can't quite decide what angle to take, and will jump around wildly from one thing to the next.
Also worth nothing TSLA has tracked AMZN almost identically for many months now.
It's obviously relevant, as destroying Twitter has reduced the value of Musk's TSLA stake by tens of billions.
> People are very confused about [...]
What's that got to do with the hypothesis (Musk's own motivation to stop this) above?
> Also worth nothing TSLA has tracked AMZN almost identically for many months nowAlso worth nothing TSLA has tracked AMZN almost identically for many months now.*
TSLA is far worse off than AMZN, which has little relevance as a basis for comparison, and even more so than all the other major car manufacturers.
Musk basically did just that with a Mclaren F1.
https://www.thedrive.com/news/32191/did-you-know-elon-musk-w...