Musk’s repeated outbursts against advertisers have dried up the main source of revenue for the loss-making company formerly known as Twitter. A recent decision to sue them for heeding his own advice to not buy ads on the platform hasn’t helped. At some point, he will have to provide a fresh infusion of cash to salvage his $44 billion takeover.

  • @[email protected]
    link
    fedilink
    4311 months ago

    “A recent decision to sue them for heeding his own advice to not buy ads on the platform hasn’t helped.”

    Gotta love it. He told advertisers to fuck off, they fucked off, now he’s even more mad at them.

    • @[email protected]
      link
      fedilink
      2211 months ago

      The problem with Tesla really is Elon.

      If he sells his majority stake, I suspect it would be a lot better.

      The biggest reason against buying them is him. They also make more than cars (their powerwalls seem alright).

      If X fails though, I suspect all those bigots will flood over to here (Facebook and X seem to be distracting them for now).

      Let them have their nazi prison. Just make it not profitable

      • @[email protected]
        link
        fedilink
        211 months ago

        Having worked with Tesla I can tell you not all their problems would leave with Elon, but it would certainly be a great start.

      • @[email protected]
        link
        fedilink
        811 months ago

        Personally I’d be wary of putting a giant brick of lithium in my house, especially from a company with the questionable quality control of Tesla.

        • @[email protected]
          link
          fedilink
          3
          edit-2
          11 months ago

          I agree partially, but in practice, the LFP batteries should be fine (I would never trust the PowerWall 2).

          Unfortunately, been looking at other alternatives, and there don’t seem to be many seamless home batteries that cut in instantly in the event of a power outage (like an online UPS) either.

          The reality is though, I expect Tesla to lose this market anyway (they only just introduced the PowerWall 3 in AU… Even cheap chinese manufacturers have been using LFP for a while)

      • @[email protected]
        link
        fedilink
        811 months ago

        The people who aren’t buying Teslas because they hate Musk aren’t gonna change their mind because he sold some stock. The company is tainted forever.

        • @[email protected]
          link
          fedilink
          511 months ago

          They won’t a tiny amount… But controlling share they might.

          I can’t afford a Tesla. However, my biggest concern is that musk will half arse firmware or sabotage the company somehow.

          If he doesn’t have controlling share, that’s a win and I suspect quality control will likely improve too

        • @[email protected]
          link
          fedilink
          Deutsch
          211 months ago

          I mean i am too poor and don’t need a car but i could see myself buying a tesla once elon really is gone and the other two factors change for me.

        • ...m...
          link
          fedilink
          3
          edit-2
          11 months ago

          The company is tainted forever.

          …he didn’t found the company, engineer the cars, systems, nor infrastructure: there’s a lot of salvageable value in tesla if he goes away…

          • @[email protected]
            link
            fedilink
            111 months ago

            The only real engineering he’s done is likely the boring company (who the duck wants to drive in a claustrophobic one lane tunnel) and the submarine thing the cave divers said wouldn’t work (so he called them pedos)

            • @[email protected]
              link
              fedilink
              211 months ago

              He didn’t engineer anything because he doesn’t know how. At most he drew some kindergarten levels drawings on a white board.

              • @[email protected]
                link
                fedilink
                3
                edit-2
                11 months ago

                The reality is… He is an engineer. Not all engineers have good ideas.

                The difference is, he won’t accept criticism

                I do software development and have had a few crap ideas (I once thought I could make a optimised OpenGL library using Matricies). The difference between normal people and him, is that when I got told it was a crap idea, I deleted the project. When he gets a crap idea, he attacks the person giving feedback, so there is NO incentive to provide anything but good feedback

                When you’re surrounded by yes men you’ll only increasingly become over confident in yourself

                • @[email protected]
                  link
                  fedilink
                  1
                  edit-2
                  11 months ago

                  No, Elon isn’t an engineer. He doesn’t have an engineering degree from an ABET certified school, no FE or PE license, nor does he understand basic engineering or design principles.

                  You can lick his boots and lie all you want, but Elon is a rich bitch trust fund baby who takes credit for the ideas of others and you defend him. It’s honestly sad, coming from a mechanical engineer, that you as someone who works in software development, would call him an engineer.

        • @[email protected]
          link
          fedilink
          English
          2
          edit-2
          11 months ago

          I’m not so sure. The overlap between “people who would like a high end EV” and “people who won’t buy something associated with Musk” has to be pretty big. I imagine if Musk’s roll was reduced the Board would have to put some work in to rebuild their brand, though - maybe by really focusing hard on quality control and longer-than-standard warranties for a few years, the way Royal Enfield did to shake off their own reputation for shoddy workmanship and cheap parts. Then they could let “the Musk years” fade into history and retake their reputation as the Premuim American EV.

      • @[email protected]
        link
        fedilink
        211 months ago

        If he sells it all, I’ll buy a Tesla the next day. Until then, dinosaur bones for me. Unless an economical and very powerful aftermarket swap parts become readily available.

  • @[email protected]
    link
    fedilink
    311 months ago

    Oh no think of all the journalists that will have to work instead of quoting twitter for 3 scrolls straight!

    • @[email protected]OPM
      link
      fedilink
      111 months ago

      My privacy settings block Twitter embeds so reading low quality news is a nightmare. They should just quote it in the body of the article and hyperlink it instead.

  • @[email protected]
    link
    fedilink
    911 months ago

    Anything short of Elon Musk distancing himself as far from Tesla as possible is breaking his fidicuary duty.

      • @[email protected]
        link
        fedilink
        111 months ago

        Well someone already said that. I do agree, maybe he’s just fucking stupid. Even I or any other non CEO could have done as good a job since the guy doesn’t actually have to code anything. He literally just needs to show up and steer the company towards business opportunities, which he didn’t do. But he could have planned it too since he actually wanted revenge on the company from the beginning.

    • @[email protected]
      link
      fedilink
      1111 months ago

      Can we please, please stop with this nonsense.

      1. Why did he fight a lawsuit to get out buying it? How many levels of 4D chess are we on in this demented conspiracy theory where he wants to buy something, so he sends a bunch of very expensive lawyers to court for months to try to get him out of buying it?

      2. Why did he rename it to X? X is his baby. That’s not hyperbole, the X brand is so important to him that the literally named one of his children X. He got kicked out of paypal for trying to make X happen. The man is absolutely obsessed with X. It is his white whale. You don’t bequeath that legacy to something you’re trying to kill.

      Stop giving Musk credit by pretending there’s some kind of genius plan behind everything he does. He’s the richest man on earth, he does not need you to suck his dick for him. He can pay people for that.

      He doesn’t have a secret evil plan. He’s just really, really stupid. He’s a textbook example of how people who start with wealth and unearned confidence will frequently become even wealthier because we have a fucked up clown show of an economic system. That’s all there is to it.

    • @[email protected]
      link
      fedilink
      21
      edit-2
      11 months ago

      Who would buy it now, though? It can’t have much value left. (Edit: Twitter. Not talking about Tesla, that’s a whole different arc.)

      • @[email protected]
        link
        fedilink
        11
        edit-2
        11 months ago

        Judging by the used car online sites, it has about as much value left as any other car with similar age and kilometers. If I had to buy a car right now, I’d probably take a hard look at the alternatives. But they’d have to actually be better, I usually make car purchase decisions based on the qualities of the car.

        Although Musk is certainly trying to make such principles difficult.

        Good thing my car is new enough that I don’t have to make this choice for several years. Perhaps the competition will have caught up by the time I need to get a new one.

        • @[email protected]
          link
          fedilink
          2111 months ago

          Competition has exceeded tesla. I recently got BYD Seal, and it is better than the equivalent priced tesla

          • @[email protected]
            link
            fedilink
            English
            211 months ago

            I’m in the very very early stages of ecar research. Mind helping me and share what features or data make the BYD Seal better than a Tesla?

          • @[email protected]
            link
            fedilink
            13
            edit-2
            11 months ago

            I’m glad it worked for you. Things will have to change a bit globally that I would consider a BYD.

            Oh right, perhaps already I don’t make purchase decisions purely based on the qualities of the car :)

            • @[email protected]
              link
              fedilink
              711 months ago

              I figures it was a simple calculus, especially since BYD is the OEM that supplies parts for many of the other brands, especially the batteries.

              I’d rather benefit from that status than support a egotist like Musk. Besides anywhere outside America the Teslas are made in China, just like the BYDs 😆

              • @[email protected]
                link
                fedilink
                111 months ago

                I’d rather benefit from that status than support a egotist like Musk

                Have you looked at what your money would support, buying from BYD? If part of your decision is who profits, both choices are horrible and you could argue Musk I less horrible. This is one of the reasons I try to keep that out of my decisions.

        • Todd Bonzalez
          link
          fedilink
          411 months ago

          The price of used Teslas has nothing to do with the value of Tesla stock.

          Intel’s stock dropped from $50 to $20 over the last year, but their processors still cost the same.

      • @[email protected]
        link
        fedilink
        711 months ago

        It’s still a car company with factories in multiple countries and pretty much the best battery tech and the best charging network. If they get bought by an established car company, they keep building the model 3 and Y cars while fixing the production issues there’s still a lot of value there. You just need someone in charge that doesn’t spend their days shit posting.

  • Cyrus Draegur
    link
    fedilink
    English
    2011 months ago

    Or maybe he’ll just have to sell Twitter.

    Or maybe Twitter’s debtors can place a lien and sell it right out from under him.

    Kinda curious about what if Twitter were nationalized…? Like, make it a service of the USPS or something? Force it to become accountable to its users?

        • cheesepotatoes
          link
          fedilink
          111 months ago

          Arguably, it’s used as national communications infrastructure so, yeah, I would want taxes to be used for developing and maintaining it. Same as any other national infrastructure.

          • @[email protected]
            link
            fedilink
            1
            edit-2
            11 months ago

            First things first: let your taxes fix the healthcare system.
            Mediocre and out of fashion Xitter doesn’t really seem to be an important part of national wellbeing.

    • @[email protected]
      link
      fedilink
      1711 months ago

      The only issue with nationalizing it is that it will be probably even worse for moderation than under Elon. Private enterprises currently enjoy protection for moderation decisions. If it were nationalized any moderator action would run up against the First Amendment directly. Elon could ban Nazis (he doesn’t but he could). A government controlled entity cannot.