Paul Cantrell
A welcome dose of optimism, via @jlpiraux:
❝Either way, this shows that Musk isn’t really the wealthiest man on the planet. A single dose of optimistic reality and his entire empire comes crumbling down. The emperor has no clothes. Do you see why he is distracting you? Why he looks so frantic? Musk is terrified of reality because it means the end for him.❞ https://wallonie-bruxelles.social/@jlpiraux/114196394442972314
Paul Cantrell
Folks who still don’t quite understand #TeslaTakedown, who are saying “I hate Elon too, but how does this hurt him?!?” and are still mostly just clutching pearls about acts of petty vandalism: you need to read that article.
Paul Cantrell
Tucked in that optimistic article, though, is this humdinger of pessimism:
❝Some investors see Musk as a point of control, not a point of profit, so they are happy to back him even if it loses them huge piles of money.❞
It’s low key, but when you think through the implications, it’s one of the grimmest sentences you’re going to read in this sea of grim sentences.
Jeff Miller (orange hatband)
@inthehands I have been reflecting on a role outlined by Machiavelli after a recent and insecure conquest.
The role is a wrecker of opposition who abuses serve a conqueror's purposes, but who may be disavowed, scapegoated, expropriated, or severely punished once the work is accomplished, to make the conqueror look like a savior.
Paul Cantrell
I see people are gravitating toward that kernel of pessimism — and believe me, I understand! — but please don’t lose the forest for the trees here, don’t miss the article’s core point:
If Musk doesn’t exist, if you just look at the fundamentals, Tesla is wildly, wildly overvalued, by a factor of…8x? 16x? should be bankrupt already, maybe? The point of #TeslaTakedown isn’t to bring down an otherwise successful company; it’s to knock down a house of cards.
Paul Cantrell
@chocobo13
I admire your optimism, and have to chuckle at the poetry of CWing it.
chocobo13ζ
@inthehands
The flip side of that interpretation is that some of those investors could theoretically suffer massive, massive losses trying to hold onto that point of control, vastly limiting their ability to continue that path with others in the future, at least hopefully
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