The Twit destroying Twitter is a Twaitor

[G.B.Blackrock]

I admit to being shocked to learn that Tesla shares are actually UP 60% since this time last year. There was indeed a time during the rat's involvement with Trump's DOGE where they were falling, but the shares are well above the height before that tumble, too.

 

[Ungnome]

Yea, the price of the stock is in no way justified based on the actual revenue of their product. It's pure hype being brought on by a man who has no business being as rich as he is. The only reason they keep him around is because he has a near Jobsian reality distortion field. If that field ever collapses, Tesla will likely go bankrupt. Frankly, the stock market is broken when a company like Tesla is worth more than Toyota.

 

[Pocket]

The stock market has always been broken. I suppose once upon a time it was passed off as "democratizing" the business world, but in practice it just meant people treat companies that we rely on for essential goods and services like poker chips in a giant casino, and that's on a good day.

Doesn't Elon just straight-up own a solid majority of the company's stock himself? If he does, I suppose he can set whatever price he wants by just saying "This is what I would be asking for it if you were to buy it from me personally."

 

[Ungnome]

He has more shares than anyone else but it's still under 50%. This deal would put him at around 25% stake. He's been around that level before but he sold a bunch of shares to buy Twitter.