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188 points zfg | 32 comments | | HN request time: 2.385s | source | bottom
1. dartos ◴[] No.43470861[source]
He doesn’t care. Spacex is more important for him, personally. He has a larger stake (percentage wise) in spacex.

Also, Tesla just jumped bc Musk said that there’s going to be full sell driving in china…. Next year…

We’re back to 2017-era strategies but in china this time.

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2. pclmulqdq ◴[] No.43470952[source]
The current dollar value of his stake in SpaceX is also twice that of his stake in Tesla.
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3. pixelpoet ◴[] No.43470978[source]
> full sell driving in china

Full sell, indeed!

4. Cthulhu_ ◴[] No.43470979[source]
I don't think Tesla in China will amount to much, given the local competition has spun up their factories and is outproducing anyone else on the market. Just look at the numbers from last year [0], BYD was outselling Tesla 7:1, with Tesla barely doing any better than other manufacturers. "Full self-driving" won't fix that, and the competition will be offering similar features themselves.

Tesla lost their innovator / first mover advantage years ago, choosing to spend their R&D on dead ends and vanity projects like autopilot and the cybertruck while not delivering on projects that might have merit if they would actually listen to their target audience like the semi. They would've remained pretty successful had they iterated on their existing offerings, improving range, quality and reducing production costs of their existing lineup.

[0] https://autovista24.autovistagroup.com/news/which-brand-won-...

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5. atwrk ◴[] No.43470989[source]
Isn't the potential revenue of spacex way lower? That market is quite a bit smaller than cars, and will be for the foreseeable future.
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6. lesuorac ◴[] No.43470994[source]
That's just because he cashed out of Tesla no?

Like if he didn't sell a ton of Tesla to buy Twitter he'd have more in Tesla?

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7. gcr ◴[] No.43471007[source]
Idc about him, but I’m curious about the board. Why don’t investors care? Doesn’t the CEO have fiduciary responsibility to not tank the company in a worldwide market?

If Sundar or Tim reduced market penetration across EU by 43% they’d get recalled in a quarter.

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8. ◴[] No.43471009[source]
9. jillyboel ◴[] No.43471018[source]
Why china? Did he finally realize that it's probably the one jurisdiction that will let him get away with his cars running people over or crashing into fake tunnels painted on a wall?
replies(1): >>43471758 #
10. pclmulqdq ◴[] No.43471054{3}[source]
Yes, it's because he's been selling Tesla shares faster than you can imagine.
11. adamc ◴[] No.43471061[source]
Not to mention... if/when there is a change in administrations, his lucrative contracts with the government will likely be canceled.
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12. willvarfar ◴[] No.43471088[source]
The cynic says that the US government is the main buyer of launch capacity and pays top dollar and if a launch provider had an 'in' with the government then it could be very lucrative...?

Especially when the competition dies off leaving spacex the only one standing.

13. kccqzy ◴[] No.43471097[source]
The board is full of his cronies.
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14. Frost1x ◴[] No.43471114[source]
It’s probably more stable as it caters to larger established entities like governments, large businesses, etc. Although he’s simultaneously undermining the US government so if there’s no taxes to pay for his contracts or agencies who need the function of anything modern because they’re so hobbled… Not entirely sure what the end game is here. So far he has mostly protected his interests in terms of government attacks I’d say, at least in the US. Outside the US I doubt any state would take him seriously other than maybe providing one time services like satellite delivery for less essential infrastructure if it’s competitive.
15. ◴[] No.43471145[source]
16. dartos ◴[] No.43471167[source]
I don’t think it will either, but the market does, apparently.

Look at the TSLA price since the announcement.

17. dartos ◴[] No.43471190[source]
The board for Tesla?

It’s because musk is the Tesla stock price. The entire valuation of that company is based of the force of personality that musk has.

If they ousted musk, the Tesla shares would be worth less than any other auto maker instead of more than all of them combined.

> Doesn’t the CEO have fiduciary responsibility to not tank the company in a worldwide market?

I don’t think this is necessarily true in a legal sense

18. dartos ◴[] No.43471218{3}[source]
It’s “when”

Honestly I don’t see trump living through this term, let alone another.

No other republican has his cult of personality, so idk what they’re going to do when he keels over.

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19. oskarkk ◴[] No.43471270[source]
Revenue is less important than profits, and car manufacturing is generally a low-margin business. Meanwhile SpaceX' Falcon 9 is the cheapest rocket (something like $70m/launch), while the cost to SpaceX is $10-20m per launch. So there's 200%+ profit margin. Starlink doesn't have any real competitors now, and fast internet access in sparsely populated areas is a big market (also with big money from military uses). Most of SpaceX revenue is from Starlink.
20. ZeroGravitas ◴[] No.43471332{3}[source]
And this is currently the official stance of the courts in Delaware. He got denied his 50 Billion bonus because he was effectively "negotiating with himself" and so looting from the other shareholders.
21. bloopernova ◴[] No.43471396{4}[source]
Generally, when someone reaches 80, they tend to live another 7 or 8 years.

Whether he declines before then, to a point of uselessness for the republicans, is a different question. Also I'm assuming someone is pumping him full of every drug available to prevent his decline as much as possible.

vance seems to think he's next in line, having been anointed by the billionaire class, but he's all hatred and no charisma. Although saying that, he may just shuffle into the top spot when it's impossible to dislodge him. Or he may just get accepted by whichever bot farms drive the rightwing social media frenzy.

I'm personally hoping that their general fascist incompetence will fuck their chances of an everlasting reich.

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22. dartos ◴[] No.43471758[source]
China is the world’s largest EV market.

The US is a smaller EV market than Europe.

23. thrill ◴[] No.43472705[source]
China could dump Tesla and never notice the production decrease.
24. acdha ◴[] No.43473223[source]
They do have a duty to look after the health of the company but in this case it’s complicated because the time to do something was years ago (say, when it was first obvious he’d been lying about FSD). Tesla is wildly over-valued as a car manufacturer or even a large tech company, and that’s all due to Musk’s ability to talk it up. If they act against him, the share price will drop significantly and stay there, because there are a lot of car makers and Tesla just isn’t a standout in 2025.

That’d be best for the company long-term but they’d have to survive the inevitable lawsuits first, not to mention the high likelihood of physical violence if Musk tweets about it. I think the board are basically sitting around praying that the horse learns to sing before they’re forced to act.

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25. root_axis ◴[] No.43473406{4}[source]
Trump's dad lived to 93.
26. ◴[] No.43473452[source]
27. JumpCrisscross ◴[] No.43473480[source]
> Spacex is more important for him

Starlink's international prospects are getting trashed. Meanwhile, its competitors have basically free money from foreign governments to compete with SpaceX.

replies(1): >>43491697 #
28. adamc ◴[] No.43473490{4}[source]
It's when if we are still a democracy.
29. PolygonSheep ◴[] No.43476694{5}[source]
> Also I'm assuming someone is pumping him full of every drug available to prevent his decline as much as possible.

This seems very similar to claims I heard from Republicans about Biden a year or two ago.

30. busyant ◴[] No.43477629{3}[source]
> I think the board are basically sitting around praying that the horse learns to sing before they’re forced to act.

I know this is off topic, but I find that sentence beautiful. Is this a common idiom or did you just come up with it?

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31. Symbiote ◴[] No.43481028{4}[source]
It's an idiom, though I don't know how common it is. I've heard it before, but not at all often.

https://websites.umich.edu/~jlawler/aue/sig.html

32. inemesitaffia ◴[] No.43491697[source]
>Starlink's international prospects are getting trashed

No one's putting in the work to deliver for twice the current price.