Um What?
It was a caricature of the cybertruck.
A crayon drawing stuck to a refrigerator, depicting a "space age" truck. At the bottom of the paper someone had written, in black marker, " -Elon age48 "
Sorry if I did it wrong.
"With the company still burning cash and $1.3-1.5 billion in annual interest due over the past year, I had expected Twitter to live on borrowed time," Bryan wrote in a note to clients. She said that even if Twitter tapped the loans available to it at the beginning of the year, the company may be almost out of options. "The year is over, so Twitter's cash may be nearly if not already dried up—along with Elon Musk's options," Bryan wrote.
Because of the way that Musk operates, the social-media company's troubles pose a threat to his whole business empire. Despite being the second-wealthiest person in the world, Musk is curiously cash poor. He doesn't take a salary from Tesla, and while he owns about 20% of the EV maker, public documents filed in March show that about 63% of those shares are "pledged as collateral to secure certain personal indebtedness." You know, like the private jets.
This is why using Tesla stock to source cash all the time gets hairy. If Tesla shares fall below a certain level, the banks can call in those personal loans — leaving Musk on the hook. And the quickest way for Tesla's stock to drop off a cliff is for investors to get wind of a big Musk sale. And of course, he needs to make sure that he still holds on to all the Tesla stock he's pledged as collateral to the banks. Unfortunately, though, the easiest way for Musk to fill the gaping hole in Twitter's balance sheet is to sell Tesla shares. You see how this could be a problem.
"The only thing we're waiting on is for Elon to cry uncle," said Bryan.
Honestly, @Patooka, I appreciate your efforts. But I just don't care enough to learn a skill that will become obsolete the next time Musk farts.
I just followed your link. I saw nothing giggle-worthy, because the thing you wanted to share was already buried under newer posts. You also didn’t say anything about what you were linking, aside from it being funny. That’s why it’s better to learn how to do the direct link.I saw a funny image on another forum. I thought that I could copy/paste the Xitter post here. Obviously not.
But I really don't care very much. It was just a bit of a giggle I planned to share. Part of the giggle was that it was posted on Xitter, at least for a moment.
I have no interest in doing that again.
Tom
That assumes I'll ever want to do it again. I won't.That’s why it’s better to learn how to do the direct link.
I'd guess that sharks are circling now, and have been for a while.Musk will hate the short sellers if he gets close to the financial edge. I can just hear him squealing, sounding much like Mike Lidell.
Elon Musk has been pitching xAI’s “Grok” as a funny, vulgar alternative to traditional AI that can do things like converse casually and swear at you. Now, Grok has been launched as a benefit to Twitter’s (now X’s) expensive X Premium Plus subscription tier, where those who are the most devoted to the site, and in turn, usually devoted to Elon, are able to use Grok to their heart’s content.
But while Grok can make dumb jokes and insert swears into its answers, in an attempt to find out whether or not Grok is a “politically neutral” AI, unlike “WokeGPT” (ChatGPT), Musk and his conservative followers have discovered a horrible truth.
Grok is woke, too.
This has played out in a number of extremely funny situations online where Grok has answered queries about various social and political issues in ways more closely aligned with progressivism. Grok has said it would vote for Biden over Trump because of his views on social justice, climate change and healthcare. Grok has spoken eloquently about the need for diversity and inclusion in society. And Grok stated explicitly that trans women are women, which led to an absurd exchange where Musk acolyte Ian Miles Cheong tells a user to “train” Grok to say the “right” answer, ultimately leading him to change the input to just…manually tell Grok to say no.
Just like Tesla iS jUSt a CaR cOmpAnY! X is jUSt a sOciAL mEdiA cOmPAnY! Once all the smoke clears the inflated value of both will silently pop like a snot bubble.
Tesla did a helluva thing. They showed the legacy carmakers that there was indeed a market for EVs. When they debuted the Model S, it was a revelation. An EV didn't need to be a quirky little hyper-efficient car like the EV-1. It could be sleek. Sexy. Even an aspirational vehicle. Then they came out with the Model 3. Can't afford the expensive Model S? Here's something within reach. It sold like hotcakes.I don't think tesla will burst for a while, tesla still owns something over 50% of the electric vehicle market, but that is steadily coming down. That leads me to believe it won't be a bust in the sense of a sudden drop, just a gradual adjusting of the market (unless something really volatile happens to that market).
Not really. Sales of EVs have plateaued and gas powered car sales still number one. Ford are struggling to get rid of their EVs and are losing money with every car sold to the tune of billions of dollars.Tesla did a helluva thing. They showed the legacy carmakers that there was indeed a market for EVs.