• Buffalox@lemmy.world
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      8 hours ago

      It would be very bad for the economy. Exactly what economy “the” stands for is not specified, I can only assume it must be “the” Elon Musk economy.

  • A_norny_mousse@feddit.org
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    5 hours ago

    I’m pretty sure he’s aware how “wealth” is calculated and plans his “wealth” accumulation so it looks higher in those stats.

    And as the sub-headline says: as soon as Tesla stock fails (wtf did it rise?) he is not ultra rich anymore, I daresay he might be in serious trouble.

  • Severus_Snape@lemmy.worldOP
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    30 minutes ago

    I don’t like him. He is a cunt.

    But he is extraordinarily smart. He calls himself the Chief Engineer at Space X.

    In fact, he doesn’t know shit about engineering. He has no engineering degree. He just hires young engineers, make them work like dogs, and constantly takes credit for anything they achieve. Once they burnout, he kicks them out and replaces them.

    He uses his celebrity to attract more young engineers. He actually has an entire team that visits engineering schools and tells young graduates “You have the ability to work for a genius and go to Mars. Wanna join Elon ?”. Again, he knows nothing about engineering. He has a financial degree from the Wharton School of Finance.

    And from his time at Wharton, he learned one extremely important lesson. Perception shapes reality.

    Elon Musk presents himself as the founder of Tesla. Tesla was actually created by Marc Tarpenning and Martin Eberhard. He simply invested in their company, fired them both, and sued them both. Then, he called himself the original founder of the company.

    In exchange of a confidential legal settlement ($$$), Tarpenning and Eberhard must agree to stay silent. A lie repeated 50 times, 100 times, 1000 times, becomes reality. Many media outlets now call Musk the founder of Tesla. Perception shapes reality.

    One of the reason he bought X is to shape the algorithm. He has urged millions of dumb people to buy Tesla stocks. And it’s working. Dumb people just see random accounts on their X feed praising Elon Musk as a genius. And these dumb people actually believe it.

    The same way, dumb americans on X constantly saw accounts attacking Kamala Harris during the 2024 election campaign. At no point did they find it actually suspicious (“Why am I seeing this content ?”). And it played a key role in election Donald Trump.

    Reuters and the New York Times published two very good investigations about how Musk knowingly sold defective cars:

    🔵 https://www.reuters.com/investigates/special-report/tesla-musk-steering-suspension/

    🔵 https://www.nytimes.com/2023/01/17/magazine/tesla-autopilot-self-driving-elon-musk.html?unlocked_article_code=1.qU8.QSjO.OObnmYGrrZh2

    You will never guess how Elon Musk reacted 🙃

    He started telling people on X :

    Translation: “Please don’t read quality journalism. That would be super bad for me.”

    This man is the living proof that technical knowledge doesn’t matter in business. If you are shameless and skilled at manipulating fools, you can be highly successful.

    • Steve@startrek.website
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      5 hours ago

      I’m going to throw out one counterpoint.

      You have not addressed the RESULTS.

      Look at his actual tangible successes and tell me how that could happen in a vacuum. Why no other person in history (at least recent history) has achieved these things.

      • Severus_Snape@lemmy.worldOP
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        32 minutes ago

        I’m saying he is a lying piece of shit.

        I’m definitely not saying he is dumb. I actually wrote “he is extraordinarily smart.”

        He is very good at hiring smart engineers and making them work like dogs.

        He tells them BS about how sleeping at work will save the world and save humanity. He hires smart people then takes credit for whatever they produce.

        A lot of these engineers are technically good but they have zero life experience. Musk love young people like this. It’s exactly the kind of people he hired at DOGE.

        • Steve@startrek.website
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          4 hours ago

          Agree. I just hate it when people try to say his efforts didnt make it happen.

          I wish he would shut the fuck up about politics and let me enjoy cool rockets and fast cars 😞

  • Twofacetony@lemmy.world
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    10 hours ago

    Half a trillion in equity is so unfathomable in my reality.

    $500,000,000,000

    Let’s say I ask him for 0.001% of his wealth… I would get $5,000,000.

    Now let’s put this into perspective of my reality. If I had $1000 and someone asked me for the same 0.001% of my wealth, I would be handing over $0.01.

    One cent.

    I understand that this wouldn’t be sustainable if I give everyone one cent from my pot of a thousand… but still. Have a trillion dollars makes me sick.

      • Rothe@piefed.social
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        8 hours ago

        Not in the grand scheme of things. It is mostly only relevant when it is a about whether he can afford various impulse buys, like purchasing twitter.

        One person owning that much wealth, whether it be equity or assets is not something that should happen at all.