Actually it is not that complicated, that is why there is drop in stock.
1. He opened his leadership style for everyone to see. There are no more rumors etc. We can all see his erratic behavior.
2. Top people on Twitter that guarded it from Russian, Iranian etc. abuse, like Nada Bakos, left.
3. He paid it WELL over the value. Probably around 20bln. He tried to bail out, couldn’t. Made deals with horrible people bcs. he didn’t have cash.
4. Those people want ROI. He needs to create traffic, so he is pitching it to people who will creat traffic. But that comes at price. Unite Airlines was one of the first to pull out. Why? Bcs. they don’t want their ad to be next to someone who is revising Hitler’s record. Musk can do whatever he wants, it is private company, but so can United.
5. So it comes down to the fact that he got away with too many stuff before. Charge vehicles before they are available? Sure, no problems. Calculate govt. incentives before they are available? Sure. Beta testing? Sure, it is not like it is Boeing MAX. This is several people at time.
He thought he really can do whatever he wants. Problem is, this is different business. It is social media and deals with human behavior. It is different than selling cars. It has huge implications on for example underground movements in not so free countries. He already cut deals with Chinese bcs. he doesn’t want disruption of access to market for his vehicles. So, do you guys in CCP want some data you might be interested regarding protestors in Hong Kong? Sure, why not.
People don’t like that kind of people. Investors don’t like people that become radioactive.
Edit: this is how he does business. This went under the radar. When wR in UKR started he offered Starlink. After he made people dependent on it, he told Pentagon that they have to foot the bill. Like someone in Pentagon said: no one asked him to do anything. He pushed himself into conversation and did what he did. When Ukrainians developed communication dependency on it, he sent bill to American taxpayers.
1. He opened his leadership style for everyone to see. There are no more rumors etc. We can all see his erratic behavior.
2. Top people on Twitter that guarded it from Russian, Iranian etc. abuse, like Nada Bakos, left.
3. He paid it WELL over the value. Probably around 20bln. He tried to bail out, couldn’t. Made deals with horrible people bcs. he didn’t have cash.
4. Those people want ROI. He needs to create traffic, so he is pitching it to people who will creat traffic. But that comes at price. Unite Airlines was one of the first to pull out. Why? Bcs. they don’t want their ad to be next to someone who is revising Hitler’s record. Musk can do whatever he wants, it is private company, but so can United.
5. So it comes down to the fact that he got away with too many stuff before. Charge vehicles before they are available? Sure, no problems. Calculate govt. incentives before they are available? Sure. Beta testing? Sure, it is not like it is Boeing MAX. This is several people at time.
He thought he really can do whatever he wants. Problem is, this is different business. It is social media and deals with human behavior. It is different than selling cars. It has huge implications on for example underground movements in not so free countries. He already cut deals with Chinese bcs. he doesn’t want disruption of access to market for his vehicles. So, do you guys in CCP want some data you might be interested regarding protestors in Hong Kong? Sure, why not.
People don’t like that kind of people. Investors don’t like people that become radioactive.
Edit: this is how he does business. This went under the radar. When wR in UKR started he offered Starlink. After he made people dependent on it, he told Pentagon that they have to foot the bill. Like someone in Pentagon said: no one asked him to do anything. He pushed himself into conversation and did what he did. When Ukrainians developed communication dependency on it, he sent bill to American taxpayers.
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