If this account of a talk Musk had with Tesla investors today is accurate...

[highplainsdem]

he's in worse shape, and so are they, than they'd realized.



First tweet below. Thread Reader page here: https://threadreaderapp.com/thread/1606058459568279552.html

Link to tweet

[Takket]

1. yeah its critical. the more he tweets the more the stock drops.

[emulatorloo]

5. And of course he blames the Fed for Tesla stock going down. And claims Tesla target customers don't

Care about his ‘twitter antics.’

He says Tesla's current collapse is due to the Fed — says his Twitter antics are an insignificant concern to their target customers.

[Pobeka]

2. tesla-is-the-most-profitable-short-pick-of-2022

https://www.marketwatch.com/story/tesla-is-the-most-profitable-short-pick-of-2022-with-nearly-14-billion-in-proceeds-since-elon-musk-agreed-to-buy-twitter-11671736610

Dropped 8.8% just today.

I thought this guy was a genius, a mastermind at making money? Oh, wait, a mastermind at chasing off customers I guess.

[ProfessorGAC]

4. Starting To Seem Like...

...his earlier success was more luck than business acumen.

[emulatorloo]

6. Luck and his inheritance.

[ProfessorGAC]

10. Yeah, That Too!

Starting out with a few hundred million certainly doesn't hurt.

[Pobeka]

8. Hey -- Happy Holidays.

I know you've had a tough stretch, I hope the holidays can provide some respite and rejuvenation for you & your wife.

[ProfessorGAC]

9. All Good Here, Thanks

I think my wife was more stressed out by the death watch than the actual outcome.
She's enjoying Christmas coming now.
Happy holidays!

[sheshe2]

3. Sounds to me like his two T's are going down.

[Joinfortmill]

7. Yup, he's been selling Tesla stock.

[sheshe2]

11. Great businessman.

It's gonna be a twofer.

[mahina]

12. One of our good writers said Twitter was like a plane crashed into a train wreck that rain into a

Dumpster fire. Then into an orphanage. Then into an abandoned pet shelter.

I would say it was Will Pit, but he’s not here anymore so couldn’t be

[BlueIdaho]

13. Tesla stock down 58% since October.

Twitter is a colossal drain on Tesla investors and they are pissed.

[localroger]

14. He borrowed billions of $$$ to buy Twitter

Twitter is in no position to generate the income he needs to make the loan payments, and many of them are explicitly backed by Musk's Tesla stock in case that happens. At this point I don't see any way he manages to keep his stake in Tesla, and the shitshow will hurt the company badly even as Musk exits stage left. When it all settles I figure he will still have majority stake in SpaceX and probably be worth maybe $80 billion, down from $200b, which is going to be tough when he wants to get a Starbucks in the morning.

[jmowreader]

15. I wouldn't count on him remaining in control of SpaceX

Satellite owners are EXTREMELY risk-averse. There's a good chance that community is going to take a look at the Twitter-Tesla drama and tell SpaceX, "we're not buying any more of your rockets while he's in charge."