Since this article doesn't supply enough new information to get us out of that state, we're treating it as a dupe of https://news.ycombinator.com/item?id=17709543.
When significant new information arises (note: not the same thing as the next provocation), then there will be something to discuss.
That monster has been bred, of course, by the hyper feedback loop between Musk and the media. A hyperloop, you might call it. But we've passed the point at which it's all noise. Our kingdom for some signal.
Alternate article, with actually some news on the SEC: https://www.wsj.com/articles/sec-has-made-inquiries-to-tesla...
The opinion piece only fuels Musk Mania, and I agree with you that its not a good starting point for discussion.
Normally we'd change the URL on this submission, but this thread is past redemption.
The term is actually 'muskellunge', originally coined by Dumas père.
Now I do not mean to be rude, but is it possible that a CEO who is constantly tweeting attacks on journalists and jokes about bankruptcy, who is also busy running two other companies, who built a mini-submarine and jetted off to Thailand to try to rescue those boys in a cave and then tweeted slanders about someone who actually helped rescue them, and who runs around distributing flamethrowers, might be … distractible? A distraction? Both? Plenty of CEOs go around mouthing very serious platitudes about how public markets and quarterly earnings are a distraction from the important business of running their companies, and you kind of have to take them at their word that were it not for the demands of earnings releases they would be laser-focused on operations, but … Musk … like, we can see him tweeting! Twitter is public! The distraction is coming from inside the house! Does he think that “going private” means “getting off Twitter”? You can just get off Twitter! It doesn’t even require any financing!
And 10% of Thailand’s GDP is based on the sex industry or $6.4 billion a year. “Pedo” is kind of a misused connotation but when people get attacked their impulse is to respond with a personal attack.
It’s not a “meltdown”. It’s just human nature magnified by Twitter.
Hype comes with scrutiny. Nobody put a gun to Musk's head and told him to appear on talk shows, to cameo in Hollywood blockbusters, etc. If he wasn't prepared to make that tradeoff he shouldn't have done it.
He said he's gotten tired of all these stories about Tesla and Musk, so he's unlikely to buy a Tesla now.
That's a statement about davesque and how his frustration is souring him on the brand. Fault doesn't really play into it.
If I were Elon, I would love it if I could take my company private and keep my fans as shareholders. I would love it if I could "go private" and not have to actually buy back all of the shares of people who want to go long anyway. I would love it if shorts had no mechanism to short my company.
I would love it, but I don't know if I could find a real financial instrument that allows for it.
I love it every time this type of line is used.
Inside jokes like that are a way of communicating with other nerds and gamers.
Beause 42 is always a good answer, maybe.
If you dig deep enough you will find morally questionable things in everybody's past.
That being said, that tweet was a bad idea.
Compared to Sergey, Besoz or Tim Cook and I'd rather have them as CEO than someone interested in "memes".
Not deluded at all. Sorry if you didn't get it. It's very strange that puritanical adherence of America has been rolled back (mostly) but the pedo label is still so toxic in American culture that it's assumed that other cultures share the same values.
Seems like a good strategy actually. The strategy got Donald Trump the Presidency.
(edit): why all the downvotes? I realize my comment might have come off as sarcastic. Sorry that was not my intent--I just wanted to point out something I noticed.
We live in interesting times. Statistically speaking, a jackass CEO is born every minute, whereas a jackass POTUS is very, very rare.
Obviously, this is a silly article. But the point remains: Mr. Musk clearly put himself at risk with that tweet. The core questions are:
1. Was Mr. Musk telling the truth about "secured funding" ?
2. What is the SEC's plan of action on investigating this matter?
The opinion piece otherwise doesn't contribute much information, aside from giggles and snide comments. It will be a mystery. Feds often don't like talking about pending cases, so it could be weeks, or even months, before any official action comes down from this. And who knows? Maybe Musk really is telling the truth about secured funding and there's no fraud involved.
EDIT: Yo downvotes: care to explain why you're downvoting a direct quote from the article? As I stated above: the opinion piece is clearly a silly piece of work that doesn't contribute much to the discussion. The core facts are still "at large" and we really won't get much information on this matter for weeks and/or months. That's really all there is to this story.
I imagine Musk has a handful of billionaire friends he could probably hit up for cash. Throw in some money from SpaceX, and he could probably make the buyout price.
Larry Page doesn't have $70 Billion in cash. That's the other important part: $420 implies this is a cash buyout. Larry Page has tons of Google shares that he can offer, but that's not cash.
Either someone (most likely a bank and/or international fund) has the $70 Billion that Mr. Musk alleges he has "secured", or Mr. Musk was lying on that tweet. That's really the only two scenarios here. Unfortunately, it will take a very long time for information to come about on this issue.
Then why is it published on the "opinion" section of the website? https://i.imgur.com/qjmJqaK.png
Its an opinion piece. A writer from Bloomberg offers their opinion on an issue, as opposed to the facts. Its very important to know when you're reading an opinion vs reading a journalism post.
Most media (even Fox), does a decent job with the journalism pages. Its the opinion pieces where all the bias comes in. Still, opinion pieces are useful to see what people out there are thinking. Its important to know what the viewpoints are.
But most opinion pieces "dress up" the facts to suit their argument, as opposed to reporting precisely on the facts.
That doesn't change the facts. The article here is an opinion piece. If you want facts, read this one instead: https://www.bloomberg.com/news/articles/2018-08-08/tesla-tak...
Seriously, for the betterment of EVERYBODY, you need to know what good factual articles are vs what opinion pieces look like. Hacker News is supposed to be a place where we elevate the discussion and have intelligent talk.
There is certainly a time and place for opinion pieces, but they need to be treated with the proper amount of skepticism whenever you read them.