The guy did say he was getting a big pay bump and his wife seemed happy about the move.

But beyond that, it’s true I don’t know much about SpaceX and I don’t feel like reading Glassdoor.

What we know about Tesla is there is insanely high turnover, Musk regularly berates and randomly fires people, hours are crazy, and pay is uncertain (options) at best. And yet somehow, they are attracting the best engineers.

They are selling dreams to employees. Dreams like colonizing Mars and having fully autonomous EVs.

It's impossible to defend Musk at this point. He's a drug using fiduciary who comprised himself time and again through gross negligence. And why is every other automaker partnered with each other in some capacity, just with the exception of Muskmobile? All his partners seem to kick him to the curb... Meanwhile, they're all teaming on batteries and autonomy while this guy claims they're all wrong in their approaches and only he is right (no lidar claim is even more ridiculous than robotaxi service eta because its a fundamental, like saying its easier to walk around NYC blind because you have a walking stick & seeing eye dog ala machine learning - get ****ed if you buy this horse****).

Why do you say he is a drug user? If you mean weed it's legal in CA and he said he doesn't like it. How is that relevant to his fiduciary duty anyway?

Even if you're right about substance use (which I doubt) he is primarily an engineer and inventor. A lot of inventors have used mind altering substances.

It's not a recent phenomenon. Here are a few:
- Steve Jobs
- Bill Gates
- Thomas Edison
- Francis Crick (DNA)

They are on a galaxy that haters like you can't visit.

As for negligence, that's an absurd statement.

Who is we? How regularly?

I consistently see TSLA shorts make these broad statements with no supporting evidence, which are in fact the opposite of true.

Just because some fat drooler from Tech Crunch writes an article, that doesn't mean it's true, or representative.

This is not a recent objective. The leader of the US space program in the 1960s also wanted to colonize Mars. Many entrepreneurs are pushing for us to move out into space. It's an engineering problem not a dream.

Also, LOL at autonomous cars being a pipe dream, are you joking?

From where do you get this bizarre notion? It's super super cute that you think that's what they're trying to do, but come on. Surely you're older than 5? This is the nerd version of believing in Santa Claus.

SpaceX are trying to get taxpayer and investor money by competing in the rocket provision business. That's it. There are no plans to colonize Mars - that's pure bull**** to donkey-carrot people.


Your average SpaceX fan

Musk is a known drug user, not just a one time toker for headlines. Literally every decision runs through him, even office parties and petty cash. You have your head in the meth clouds while this guy is cranking out tin cans under a tent in the parking lot. No negligence? No fiduciary duties?

Objectivity is not hate, ignoramus.

thought this was a robotaxi company now. ceo told everybody.
why do we cheer record sales of appreciating assets?

Evidence or GTFO and be specific. Weed is legal in CA. It's like crying about someone having a beer. He says he doesn't like alcohol or weed and I believe him.

Let's see you go on the Rogan podcast and get through the episode without taking a psilocybin analgesic. Good luck!

I never questioned the existence of fiduciary duties. I asked you why they are relevant to the point you think you're making.

SpaceX is a private company. The only investor money in is from HNWs and professional investors. They are ultra rich/successful/intelligent. Do you realize how stupid it is to call them donkey people? You're not qualified to have an opinion on their investment decisions.

guess that settles it. you must be right.

wait, aren't those the kind of people that gave money to elizabeth holmes and bernie madoff?

Referring to specific people would be more meaningful.

Also a horrible comparison given the advanced state of SpaceX's products and services today and its substantial revenues. Theranos never had a working product. SpaceX has already revolutionized rocket technology.

Even if someone did invest in both SpaceX and Theranos, it proves nothing. Early stage tech investment typically means betting on a portfolio and having a small % of wins cover the losses from the rest of the portfolio. It's not add water and bang you have a world changing product. Inventing and scaling is probably the most difficult thing you can do short of full scale military conflict vs a worthy adversary. It's high risk.

wow, strong motivational. you converted me.
elon is my tech jesus now, too.

Are you a real person? I've never met anyone so unworldly.
I'm not saying SpaceX is a bad investment. It's a vehicle designed to get large sums of taxpayer money and eventually retail money and it's not bad for that.

I'm specifically calling you gullible for thinking that SpaceX is "trying to go to Mars". Do you not think or reason beyond hyped headlines and dumbed down interviews? Of course SpaceX aren't trying to go to Mars - just like they're not going to build StarLink (as their own CEO admits). Musk is just lying/putting a carrot in front of the donkey to catch gullible fools like you in his net.

I'll double down. Not only SpaceX but many people, companies, and governments, are working towards space colonization, including Mars.

Contradict (with evidence) if you can.

He's admitted that his "$420 funding secured" tweet was a reference to weed. Is it even possible to have a more direct link between drugs and failure as a fiduciary?

Good answer.

It's arguable the Tweet did a lot of good for Tesla, the company, and TSLA, the stock (and its investors), in the long run, by damaging short sellers, which had been waging a vicious PR war against Tesla and playing dirty. The short sellers' attacks on Tesla affect the TSLA stock price, which has implications for the company's ability to raise capital, and so on.

Not without collateral damage, and definitely a grey area.

I don't think it provides any evidence of drug use though.

The smart investors know TSLA/Musk (and to lesser extent SpaceX) are basically faking it until they make it.

They basically are banking on Musk being able to fake it long enough for big exits, either by actually making it or by lasting long enough for them to bail with big profits.

Musk literally smoked weed on air and he literally said he uses Ambien to help him sleep.

There are hundreds of essential problems to solve before humans can colonize Mars even temporarily, let alone sustainably. Most of these problems are not solvable with current or near future technology; robotics and new materials are needed, and these will come from the regular economy, not fiddling with rockets.

I might remind you we haven't even visited Mars with a human crew, a trivially simple problem compared to colonization.

It's just a shameless PR exercise at this point. Look at you - taken in hook line and sinker, defending SpaceX because you falsely believe they're "working to colonize Mars". That's why the PR is done.

In the short run, the stock popped for a few days to ATH. In the long run, it's been downhill ever since. That was definitely the turning point at which a lot of investors began to see the fraud for what it was. He's pushed a lot of hype over the years to strategically punish the shorts. His 420 tweet was not one of those times.

Interesting. I don't follow the stock price closely. But I would say it's too early to tell how this all pans out.

I read somewhere a group of short sellers were considering launching a class action based on that tweet, because they were liquidated, but not sure if that is accurate.

?

Better (and lower cost) rockets and spacecraft are necessary but not sufficient conditions.

I doubt you can predict the timeline of these inventions accurately; and you probably don't have an accurate model of the current state of the technologies in existence at any given time, so drawing a confident conclusion based on the premise that you do is fallacious.

Wait... are you really suggesting the Matt Damon mission was faked?

Impossible.

Why is it shameless? What would be a non-shameless way to go about inventing new rocket technology and reducing the cost (for whatever purpose)?

We are already closer to colonizing Mars by virtue of the work SpaceX has done even if you freeze its development right now.

Any pioneer has to marshal resources and talent. Having a compelling mission is an effective tool for that purpose.

Your mistake is that you're conflating a consequence of success (financial returns for investors) with the purpose of attempting in the first place.

Why do I need to follow the stock price closely to know that short sellers are attempting to undermine the reputation of Tesla, Inc, in order to reduce the price of TSLA (stock), so they can make money on their short positions?

Thinks SpaceX is working to colonize Mars.

Claims $420 funding secured fraud was good because is hurt short sellers (who actually made billions off the fraud).

Ladies and gentleman, your counterparty. Table selection doesn't just matter in poker.