Australian (ASX) Stock Market Forum

Elon Musk

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JohnDe said:
True, ‘but’ anyone using someone else’s information to make their own point should double check and maybe even use more than one source
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I was not "making my own point", the author of the article was trying to make that point and it was correct to a limited extent. But then why make such distinctions when looking for an opportunity to take a cheap shot at someone. Try and avoid such pejorative attacks fanboy, it does nothing for the credibility of your commentary here.
 
Trader X said:
To be clear, that was a quote from the article in question. It appears that you can repatriate dividends or expenses and royalties to a parent company. So the author of that quote should have been more precise but "China maintains a “closed capital account” meaning both companies and individuals must comply strictly to the foreign exchange rules and money cannot be freely moved into or out of the country." So there are strict constraints on how Tesla can repatriate funds out of China.

How a business can repatriate funds​

"Typically, there are 3 acceptable reasons to send company money out of China. The first is as dividends to shareholders, the second one is as expenses or royalties to the overseas parent company, and the third is as an intra-company loan. The third option isn’t viable as it is intended for borrowing capital and not suitable for repatriating funds. The borrowing company is, by law, required to pay back the lending company with interest."
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There is also more ways than that, once you have paid 25% company tax in China, and set aside 10% into a reinvestment account to invest back into your operations in China you can repatriate the rest.

—————-
Also the easiest way to do it is to sell the products you manufacture in China at close to cost price to a subsidiary in another country.

Eg, Tesla China sells cars to Tesla Australia at cost price, then when Tesla Australia sells the car to a customer here at retail price the “profit” happens here as a retail profit.

Or, as you mentioned the Tesla factory in China can pay a design royalty on each car manufactured in China back to Tesla parent company in the USA, leaving only a token “profit” in china.

There is basically unlimited ways to set up your company to export profits, it’s not a problem at all, if it were a problem then manufacturing would never have taken off in china to begin with.
 
Trader X said:
I was not "making my own point", the author of the article was trying to make that point and it was correct to a limited extent. But then why make such distinctions when looking for an opportunity to take a cheap shot at someone. Try and avoid such pejorative attacks fanboy, it does nothing for the credibility of your commentary here.
Click to expand...

Ooh, nasty ?
 
time.com

Musk Tries to Slow Twitter's Push for a Quick Trial Over $44 Billion Deal

Musk even chided Twitter officials for being no fun.
time.com time.com

Musk is requesting a Feb. 13, 2023, trial at the earliest, “an extremely rapid schedule for a case of this enormous magnitude,” he said in a 14-page filing, according to a representative for Musk. The judge will hold a hearing July 19 on whether to put the case on a fast track.
 
Classic line from gossipers "i usually do not post that type of information but..." But lets throw it out their and name the son, because... well why not?

Reminds me of Pulp Fiction, in the voice of Samuel L. Jackson -
"The son shall not bear the iniquity of the father, neither shall the father bear the iniquity of the son: the righteousness of the righteous shall be upon him, and the wickedness of the wicked shall be upon him."
 
Liked this commentator's take on Musk simping...

"There is a segment of the population in whom Elon Musk inspires breathless awe and admiration. If anyone dares criticize him online, these people flock to his defense, citing all of the technological advances they consider him responsible for and for how rich (true) and brilliant (debatable) he is."

"For a lot of the rest of us, it’s hard to understand the appeal. That he’s rich cannot be denied, but he’s not the one actually developing all of the technologies that he often gets credited with; he just signs the paychecks of the actual brilliant people. He also has a lot of questionable business practices and questionable tweeting habits, and an inability to tolerate anyone criticizing him. Maybe that’s where his fans learned that behavior."

1658711828959.png
 
Trader X said:
Liked this commentator's take on Musk simping...

"There is a segment of the population in whom Elon Musk inspires breathless awe and admiration. If anyone dares criticize him online, these people flock to his defense, citing all of the technological advances they consider him responsible for and for how rich (true) and brilliant (debatable) he is."

"For a lot of the rest of us, it’s hard to understand the appeal. That he’s rich cannot be denied, but he’s not the one actually developing all of the technologies that he often gets credited with; he just signs the paychecks of the actual brilliant people. He also has a lot of questionable business practices and questionable tweeting habits, and an inability to tolerate anyone criticizing him. Maybe that’s where his fans learned that behavior."

View attachment 144505
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There's always 2 faces to the coin, but everyone forgets the rim.

One face is the haters
The other is the admirers
And on the rim are those that try to have a balanced view.

Hate him all you want Trader X, no money in that but it is a free world (part of it).

The Evolution of Elon Musk: The Good, The Bad, and the Ugly

Throughout Elon’s evolution, I struggled to find one event that would define him. There are so many ups and downs that I couldn’t just point to one moment and say ‘Yep, he’s a jerk because of this.’ or ‘Yep, he’s someone we should aspire to because of that.’ I had to look at the totality of his life in order to make sense of it all.​
​
What was clear throughout the book is that Elon operates differently than most other successful people today. Jeff Hammerbacher, an early Facebook engineer, claims that “The best minds of our generation are thinking about how to make people click ads.” And Elon agrees with him saying “I think there are probably too many smart people pursuing internet stuff, finance, and law. That is part of the reason we haven’t seen that much innovation.” But it’s this statement that reveals Elon isn’t after these little innovations. He’s always in pursuit of his larger purpose.​
​
"I would like to die thinking that humanity has a bright future. If we can solve sustainable energy and be well on our way to becoming a multiplanetary species with a self-sustaining civilization on another planet… I think that would be really good." - Elon Musk


www.adalo.com

The Evolution of Elon Musk: The Good, The Bad, and the Ugly | Adalo Blog

Is Elon Musk a jerk or an innovative leader that we should aspire to be?
www.adalo.com www.adalo.com
 
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JohnDe said:
Hate him all you want Trader X, no money in that but it is a free world.
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Don't hate him at all JohnDe, just don't worship the ground he walks on or think him an infallible tech God whose every utterance commands respect and action glowing tribute. He's a very flawed character, but also a shrewd businessman who's made bold business decisions and taken big risks that have paid off. You drive around in a car designed by brilliant Tesla engineers, not Musk. He's the visionary entrepreneur standing on the shoulders of the engineers who made his vision for the company possible just as in Space X. Idolize them instead of Musk, he's the enabler but did not build your car, design the AI software, batteries, manufacturing innovations etc.
 
Trader X said:
Don't hate him at all JohnDe, just don't worship the ground he walks on or think him an infallible tech God whose every utterance commands respect and action glowing tribute. He's a very flawed character, but also a shrewd businessman who's made bold business decisions and taken big risks that have paid off. You drive around in a car designed by brilliant Tesla engineers, not Musk. He's the visionary entrepreneur standing on the shoulders of the engineers who made his vision for the company possible just as in Space X. Idolize them instead of Musk, he's the enabler but did not build your car, design the AI software, batteries, manufacturing innovations etc.
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There's more to it and him than you highlight.

There were many years that I believed the media and I also disliked the man and company. However, as an active investor looking for opportunities I could not ignore the Tesla phenomenon. I began researching the company in 2017, which led to Elon Musk. He is definitely not the usual person that the majority associate with, but not many in that elk are. Read the history of Nikola Tesla & Thomas Edison.

There is no question that the Musk's created their own wealth by creating Zip2, and there is no question that Elon has a very high intellect and has come up with many ideas that require the assistance of specialists in certain fields. Like there is no question that if Elon Musk was not involved with Tesla the company would not be the No. 1 EV manufacturer it is now. With out Musk it could have been another Rivian.

After some research, including reading Power Play: Elon Musk, Tesla, and the Bet of the Century which was not written by an admirer, I've been investing in TSLA. I started just before Covid, so far I'm still in front. If Elon goes too crazy I'll start selling.
 
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Country Lad said:

Elon Musk in row with Ukraine's Volodymyr Zelenskyy over Twitter poll suggesting Russia should keep Crimea​

...and a couple of good responses:

Ukraine's outgoing diplomat in Germany Andriy Melnyk gave a "very undiplomatic reply". He told the billionaire to "f*** off".

Lithuania's President Gitanas Nausėda responded: "When someone tries to steal the wheels of your Tesla, it doesn't make them the legal owner."
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If anything, Crimea should return to the Greeks.
After all, they ruled it from around the 5th century BC to 64 BC which parts of it belonged to the Roman Empire, but the Southern Coastal areas remained under Greek Control for another 1400 years.
From the mid 1400's it was Part of the Ottoman Empire, until 1783 when the Russian forces of Catherine the Great incorporated the Crimea into the Russian empire.
So Russia's temporal ownership is less than that of either the Ottoman Empire, The Roman Empire, or the Greek empire.
Do any of them want it back?
Mick
 
mullokintyre said:
If anything, Crimea should return to the Greeks.
After all, they ruled it from around the 5th century BC to 64 BC which parts of it belonged to the Roman Empire, but the Southern Coastal areas remained under Greek Control for another 1400 years.
From the mid 1400's it was Part of the Ottoman Empire, until 1783 when the Russian forces of Catherine the Great incorporated the Crimea into the Russian empire.
So Russia's temporal ownership is less than that of either the Ottoman Empire, The Roman Empire, or the Greek empire.
Do any of them want it back?
Mick
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So all of Australia back to the first nation, english prohibited in school etc etc?
Same same ...
But don't worry Ukraine whole of it and Crimea are quite tempting for the Ottoman Empire in rebuild.. Turkey follow the area and let's talk in a decade
 
As I said in the twitter musk thread, he is the only one talking sense, the left see him as a radical, as do the right, so in reality he may well capture the majority in the centre.
From your post @JohnDe he seems to have the public ear, with that he seems to be talking common sense, as opposed to mainstream media taking a side and running with it on the hope it increases their audience.
I was sceptical of Musk early on, due my technical background, I thought his EV dream was just that also his space X, but as time moves on the proof of the pudding is showing through.
So with twitter, which I'm not on, I wouldnt write him off, he certainly has to be given credit for past performance IMO.
Much better odds than someone driving around with a drill rig, searching for minerals. Lol
Appologies for the slow post, on the phone in Crown Melbourne, compared to Adelaide cassino a real disappointment.
 
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According to MSN there were some twitter employees who were denying users official "Blue Tick" status, then privately selling said status to the users.

In what can be quite a sensational development, Twitter's new owner Elon Musk has apparently indicated his agreement when a user demanded investigation into Twitter employees, asking in past, for USD 15,000 for a verification blue tick.
Within days of taking over Twitter, Musk has announced subscription service for Twitter Blue which the app says would give those who 'sign up now' a blue tick 'just like celebrities'

Amid all this a Twitter user alleged that in past, Twitter employees privately demanded USD 15,000 for a blue tick.

The user with handle @WSBCHairman has made the allegation. The account has nearly 900,000 followers and it does not have a blue tick.

"Twitter employees were selling verification for upwards of $15,000. For certain accounts, mine included, they would refuse to verify you through the standard application and then privately offer to verify you for $$ behind the scenes. Investigation needed," says @WSBCHairman

In a reply to the tweet, Elon Musk tweeted, "yup"
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I am shocked I tell you, shocked!

Mick
 

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