As much as you made up your "If you pay me £55 I'll take your £60 and turn it into £600, you think that's not maximising share holder value?" post.
The ongoing Elon Twitter saga: "insert demographic" melts down
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Ok I thought you did. My analogy was based on the actual figures, you just decided to say he promised more value than he actually achieved even though that's just not true
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Woosh...Talk about missing the point. The point wasn't about an analogous "£55 I'll take your £60 and turn it into £600", it's was about your perception of "maximising share holder value" and wanting to reward failure.
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Woosh...Talk about missing the point. The point wasn't about an analogous "£55 I'll take your £60 and turn it into £600", it's was about your perception of "maximising share holder value" and wanting to reward failure.
What failure?
You should give reading words together, as a sentence, a try because then maybe you won't look so silly when you misrepresent what someone said.
Its all imaginary anyway
For Roar87 is certainly is with that "maximising share holder value" line. Who's to say what maximising even is, it could be turning £60 into £600, it could be turning it into £6000, or it could even be loosing half of it.
Maybe they all made the most of what was possible, who knows, certainly not Roar87.
Maybe they all made the most of what was possible, who knows, certainly not Roar87.
Soldato
I don't know what you all are saying. I'm with roar on this one
Tesla is worth more than the next 5 most valuable car companies combined.
Largest automakers by market capitalization
List of the largest automaker companies by market capitalization.
companiesmarketcap.com
I'd probably say Elon probably had earned his pay package personally, but everyone is entitled to their opinion.
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The shareholders, they have their say at AGMs and when things are put to a vote, targets were set and he met those targets ergo there's a pretty clear argument for him to be compensated as agreed.
Of course, there's also a strong rival argument (which was compelling for a Delaware judge) re: the board of directors not being impartial enough and not doing their job properly.
And now there's a vote on whether to move the company to Texas... which again is a decision for the shareholders. Some felt strongly enough to bring this case, others are quite happy with the performance he delivered, they can decide, ultimately it's their company.
That would be the federalist society.
Commissario
And yet what has it got by sales numbers or IP? And how much does it make per car sold (especially after all the fixes for QC issues that shouldn't make it out of the factory)Tesla is worth more than the next 5 most valuable car companies combined.
Largest automakers by market capitalization
List of the largest automaker companies by market capitalization.
I'd probably say Elon probably had earned his pay package personally, but everyone is entitled to their opinion.
You just have to look at various "tech" crashes to see how little "share value" can have in relation to actual value in companies when there has been a charismatic leader who has managed to put on a front.
I saw something earlier that was saying that the various "AI" companies lost nearly $200 billion in value practically over night after a single google report into the value of it or something, meanwhile Twitter was once valued at over 40 billion and is now worth a fraction of that.
I suspect most of the traditional car companies have a lot more of concrete value, including various driver assist tech, let alone actual infrastructure than Tesla, they just don't have a guy who can persuade people that he'll have self driving technology using webcam and laptop within the next 12 months every year for a decade or two.
It's simple "maximising share holder value" is a subjective statement.
If he stuck to facts rather than opinions i too would agree with him, but he didn't
Tesla stock is valued on the currently unrealised potential future value, that's obvious, but that's just the nature of the stock market, which is essentially just a load of people gambling on the future of companies. I don't think Tesla is performing "badly" in terms of sales or cars produced or any other metric though, it's doing quite well, especially when you take into account actually how old the company is compared to all of the other car companies out there. It's not like it's Ford or GM, there are going to be issues when any new company takes a product like an EV to market, but those issues have been dealt with quickly.
Twitter, like any company, is worth what person X is willing to sell it for and what person Y is willing to pay for it. Could Elon Musk have paid less? Well, it's not clear he could since the board didn't want to sell to him, it seemed like he had to make an outrageous bid for them to even consider it - then their hand was forced when he did put in that outrageous bid. If he wanted to pay it's actual "worth", which was arguably less, would they have sold it to him? I would say no, which means the actual value of Twitter for Elon Musk to buy it was probably not far off what he ended up paying.
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I would argue it wasn’t so much the board that were forced to sell, more the threat of court that made him actually buy it after being told you can’t legally back out of a deal like that…
Soldato
Tesla is worth more than the next 5 most valuable car companies combined.
Largest automakers by market capitalization
List of the largest automaker companies by market capitalization.
I'd probably say Elon probably had earned his pay package personally, but everyone is entitled to their opinion.
It is massively overpriced. In no world is it really worth more than the 5 other biggest car companies, that alone should tell everyone how overpriced it is. They say its a tech company and not a car company but its tech is no better than others and some have caught up and overtaken Tesla. If it is a car company there are better EVs for less money, which is why Tesla have been slashing prices. There will be a major correction but I'm sure a lot of big players have a lot of money in Tesla and no one wants to make the share price drop while they are holding a lot of shares. Tesla had a huge head start on the competition but that is over now.
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Soldato
Elon back on the Great Replacement again. He's actually taking it to a new level with his "one party state" nonsense.
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Soldato
So this is how Phony Stark keeps the servers running at twitter
Soldato
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Isn't a slight misrepresentation to frame Tesla as a purely car company. They are a major battery innovator and producer with it's own charging infrastruture. The arguments that the legacy car companies have more infrastrutue and IP for cars is undeniable. But Tesla has Gigafactories, as they call them, working or being built around the World. They leverage that technology into domestic electricity sotrage and have their own charging system. Is it not likely the greter part of the value lies there rather than in the cars?
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