• Nollij@sopuli.xyz
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    16 hours ago

    The CEO reports to the board, which reports to the shareholders. This is how it always is. His goal is basically pointless - even if the board did create a policy, or a charter or whatever, it could be revoked just as easily.

    If you want to be calling the shots in a way that you can’t be fired, you have to become the majority shareholder. Like he did with Twitter. But then your customers can still leave. I’m sure that’s why he’s trying for those hefty govt contracts that can’t be terminated so easily.

  • chilicheeselies@lemmy.world
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    21 hours ago

    If you want total control you need to take 100% of the risk. If you want to use other peoples money then you are gonna have a board. Typical elon wants to have his cake and eat it too.

    • Scrollone@feddit.it
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      5 hours ago

      But luckily some of them die while running away on the mountains and they end up hanged upside down to the roof of a fuel pump in Milan.

  • betanumerus@lemmy.ca
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    22 hours ago

    The article doesn’t say what happens if his mental state worsens. Humans do get sick.

      • hietsu@sopuli.xyz
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        19 hours ago

        They would stop taking absurd risks for sure, which would result in lower rewards but overall a bit better still. No more industry-changing projects though.

        • zbyte64@awful.systems
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          21 hours ago

          We actually don’t know if that would happen. for all we know they could replace him with RFK Jr and take 10x more risk than elon, which would mean even bigger rewards !!!

        • Etterra@discuss.online
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          15 hours ago

          Which ones? The electric cars her hasn’t improved on for 10 years, the drilling machine that nobody uses, the flamethrower, the social media company he murdered, it the government divisions he burned to ground? So innovative.

          • hietsu@sopuli.xyz
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            7 hours ago

            Starlink, rockets that operate like airliners, and there just might eventually come something out of neuralink and FSD some day. Also, how many companies in the US aims to build humanoid robots at scale? To me it looks like in many fields the situation is China vs elon, unfortunately.

  • MushuChupacabra@piefed.world
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    2 days ago

    So if he died of a heart attack, SpaceX would just implode?

    LMAO

    Elon Musk is expendable. Punting him would likely improve all important metrics at SpaceX.

    • Pika@sh.itjust.works
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      20 hours ago

      It wouldn’t implode because it’s not like his shares just disappear on death. Whoever obtained those shares would have the 10x voting power over the company. So whoever ended up with those shares have full control over SpaceX.

    • nahostdeutschland@feddit.org
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      1 day ago

      Yeah, he is 54. Which means that he has maybe two, three, or with good health care (that he can afford) four decades left on this planet. So if everything hinges on him without a successor, he’s doing something wrong.

      • SaveTheTuaHawk@lemmy.ca
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        21 hours ago

        He’s taking so much ketamine he pisses himself at the Whitehouse. Very likely he will Matthew Perry himself in a hot tub.

  • utopiah@lemmy.world
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    23 hours ago

    Damn, the same way Tesla reaches FSD next year, thanks Elon for saving the World one promise at a time! /$

  • whotookkarl@lemmy.dbzer0.com
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    2 days ago

    He lies to the board just like he lies to everyone else, fascists don’t use language to convey meaning or share information, they use it as a weapon to manipulate and intimidate.

  • Zwuzelmaus@feddit.org
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    2 days ago

    secret knowledge previously known only to long-dead aliens.

    Ohhh… well… didn’t know he’s come that far already.

    ‘Lunatic’ is from Luna = the moon, right?

  • Pika@sh.itjust.works
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    2 days ago

    So as a summery investing in spaceX means

    • No intention of a short or long term investment
    • realistically no control over company choices regardless of share type.

    The article is pretty accurate: if you buy in you are only there for the ride. Meaning hopefully you are there hoping he actually can produce what he claims he wants to do.

    • SaveTheTuaHawk@lemmy.ca
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      21 hours ago

      Name one single vision of Musk that he brought to fruition.

      And don’t say Starlink or Tesla, those had no input from him.

      • Pika@sh.itjust.works
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        19 hours ago

        It would seem you took my comment as being for his pursuits, the intent of the comment was not for or against him, it’s simply how it is.

        Naming any of his successful or failed visions wouldn’t change anything.

        • SaveTheTuaHawk@lemmy.ca
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          17 hours ago

          Except prove the point that Musk is a fraudster. He’s grifted far more money than Elizabeth Holmes, but that’s ok because some people are getting richer off his simps.

          • Pika@sh.itjust.works
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            16 hours ago

            I agree with you that he isn’t all he’s cracked up to be, but the post was meant to state facts given, and I don’t see how it effects or relates to what I said.

            edit: to reiterate I don’t disagree with your comment, it’s just me pointing out if he’s a fraudster or not does nothing to the original claim, and adds a bias take to the comment where I’m attempting to remain impartial.

    • mannycalavera@feddit.uk
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      2 days ago

      The US government is throwing tax payer money at him so “the ride” is pretty sweet from where he’s sitting.

  • SnarkoPolo@lemmy.world
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    21 hours ago

    The lord vests fiefs and dispenses favor. Inferior people should not be employed. – Elmo Skum, probably