Elon Musk

luutzu · 1 February 2018

What the... tail I get to play with people's billions; head I get to own 10% of all that their billions bring in.

Breakingviews - Hadas: Tesla’s $60 billion mistake on pay

LONDON (Reuters Breakingviews) - Sometimes companies need chief executives who are visionary geniuses. Sometimes more mundane skills are required. Tesla’s plan to hand Elon Musk as much as $60 billion in stock over 10 years shows the electric-car maker is confused about what sort of boss is appropriate.

https://www.reuters.com/article/us-...eslas-60-billion-mistake-on-pay-idUSKBN1FK2B2

Value Collector · 1 February 2018

luutzu said:
What the... tail I get to play with people's billions; head I get to own 10% of all that their billions bring in.

Breakingviews - Hadas: Tesla’s $60 billion mistake on pay

LONDON (Reuters Breakingviews) - Sometimes companies need chief executives who are visionary geniuses. Sometimes more mundane skills are required. Tesla’s plan to hand Elon Musk as much as $60 billion in stock over 10 years shows the electric-car maker is confused about what sort of boss is appropriate.

https://www.reuters.com/article/us-...eslas-60-billion-mistake-on-pay-idUSKBN1FK2B2

If the below is achieved, I think Tesla share holders would be very happy.

However, for Musk to reach his lucrative milestones Tesla has to become the opposite of a startup. To collect the incentive scheme’s last 1 percent of the shares, the company must reach about the same size and achieve roughly the same level of profitability as General Motors, currently the most successful U.S. car company. That’s a real stretch.

luutzu · 1 February 2018

Value Collector said:
If the below is achieved, I think Tesla share holders would be very happy.

Yea, they'd be happy with the success. But I know I wouldn't be happy giving 10% of my company away though.

I mean if Musk is a real genius and the success of the company relies on mostly his hardwork and brain power... sure he deserve it, and then some.

But if shareholders are putting in billions after billions, it then beg the quesiton of whether or not any eventual success is due to Musk or due to the weight of them billions at work.

I honestly do not know of many actual geniuses being so reliant on this scale of capital expense/investment, and still have yet to return a profit.

I realise it's a game changer and factories and infrastructures needs to be built etc., but the real genius lies somewhere in using small amount of capital, a small team of dreamers etc. to change the world.

To have billions to start off... even an idiot like me could make some noise with it. Musk being a bigger genius, alright, a proper genius, still... 10% of the company?

Value Collector · 1 February 2018

luutzu said:
Yea, they'd be happy with the success. But I know I wouldn't be happy giving 10% of my company away though.

I mean if Musk is a real genius and the success of the company relies on mostly his hardwork and brain power... sure he deserve it, and then some.

But if shareholders are putting in billions after billions, it then beg the quesiton of whether or not any eventual success is due to Musk or due to the weight of them billions at work.

I honestly do not know of many actual geniuses being so reliant on this scale of capital expense/investment, and still have yet to return a profit.

I realise it's a game changer and factories and infrastructures needs to be built etc., but the real genius lies somewhere in using small amount of capital, a small team of dreamers etc. to change the world.

I recommend you read that book,

To have billions to start off... even an idiot like me could make some noise with it. Musk being a bigger genius, alright, a proper genius, still... 10% of the company?

He started with nothing, what are you talking about?

CanOz · 1 February 2018

I like to think of Musk along the lines of Bezos' achievement with Amazon...there are allot of similarities in the burn cash concept. Its disruptive, there is huge demand for the vehicles so large it cannot be fulfilled for many years. Its a race to meet demand whilst not running out of cash...

luutzu · 1 February 2018

Value Collector said:
I recommend you read that book,

Why would I want to read propaganda?

Value Collector said:
He started with nothing, what are you talking about?

It's the fact that he started with nothing, then might end up with 10% of a $600Billion company that's the problem.

Alright, I know what you mean. He did good, gave the world PayPal... a place you can do eCommerce and get gouge Serious, my brother has a PayPal account and their fees make a typical bank's look like charity.

Junior · 2 February 2018

luutzu said:
Why would I want to read propaganda?

It's the fact that he started with nothing, then might end up with 10% of a $600Billion company that's the problem.

Alright, I know what you mean. He did good, gave the world PayPal... a place you can do eCommerce and get gouge Serious, my brother has a PayPal account and their fees make a typical bank's look like charity.

It's not propaganda. It's a detailed, well researched biography of the man's life. It is very critical of him at times. If you read it, you'll see his work ethic, intelligence and his achievements to date are very impressive.

Value Collector · 2 February 2018

luutzu said:
Why would I want to read propaganda?

It was actually written by a guy who thought a lot like you at the start of the project, and musk originally wasn't going to help.

It's the fact that he started with nothing, then might end up with 10% of a $600Billion company that's the problem.

why is that a problem?

Alright, I know what you mean. He did good, gave the world PayPal... a place you can do eCommerce and get gouge Serious, my brother has a PayPal account and their fees make a typical bank's look like charity.

there is also a good chapter about pay pal, it would be a very different company if it stayed in musks hands.

luutzu · 2 February 2018

Junior said:
It's not propaganda. It's a detailed, well researched biography of the man's life. It is very critical of him at times. If you read it, you'll see his work ethic, intelligence and his achievements to date are very impressive.

Thanks. Will listen to the audio book.

http://v1x0r.com/free-books/elon_musk/

luutzu · 2 February 2018

Value Collector said:
It was actually written by a guy who thought a lot like you at the start of the project, and musk originally wasn't going to help.

why is that a problem?

there is also a good chapter about pay pal, it would be a very different company if it stayed in musks hands.

It's a problem if shareholders see themselves as owner of the company. And a problem if they see themselves as investor rather than Venture Capitalist.

In fact, it's also a problem if they're venture capitalist because while those sharks give the owner 10% or more of the company, they only buy a majority stake in a very decent business selling for next to nothing because its entrepreneurs only know their product and yet to know high finance.

But yes, I will read/listen to the book. Then I can dissect Musk's genius to its marketing hype.

That Tesla supercharger bet still on right?

Value Collector · 3 February 2018

It's a problem if shareholders see themselves as owner of the company.

Why, that would mean their shares are worth 12 times more than they are today.

luutzu said:
That Tesla supercharger bet still on right?

Absolutely.

I drove to Coffs Harbour on the weekend, went passed 4 super charging locations.

they just opened a new one in Coffs Harbour with 6 charging bays.

Value Collector · 7 February 2018

Years of work have paid off with the "Falcon Heavy" having a successful launch today, sending a payload into orbit around the sun following Mars.

Very good video, well worth the watch,

sptrawler · 7 February 2018

Credit where credit is due, he talks the talk, but he certainly walks the walk.

CanOz · 28 September 2018

Looks like the SEC finally caught up with Musk....

https://www.sec.gov/news/press-release/2018-219

So_Cynical · 28 September 2018

CanOz said:
Looks like the SEC finally caught up with Musk....

https://www.sec.gov/news/press-release/2018-219

Disgraceful, picking on Elon for tweeting..like the SEC hasn't got better hings to do.

Wysiwyg · 29 September 2018

Didn't Elon Musk contribute to the book, The Subtle Art of not giving a F.

leyy · 2 October 2018

Yes it is absolute bull**** the SEC can go get f***ed.

If you haven't seen it already do yourself a favour and watch the whole interview with Joe Rogan.

A thought-provoking interview with Musk about our future of tomorrow, Make sure you watch from start to finish the interview went for 2 hours and 37 minutes, I enjoyed every part of the interview, it really has to be one of the best interviews of Musk. You don't have to agree with everything he says but it gives you a view of Elon’s world where he is always challenging the status quo with real innovation and disruptive business models. To have the time to run several multi-billion dollar corporations and have so much passion and care for humanity, our world and future. This is living proof that Elon Musk is a legend and the much needed superhero our world needs.

Junior · 3 October 2018

leyy said:
Yes it is absolute bull**** the SEC can go get f***ed.

If you haven't seen it already do yourself a favour and watch the whole interview with Joe Rogan.

A thought-provoking interview with Musk about our future of tomorrow, Make sure you watch from start to finish the interview went for 2 hours and 37 minutes, I enjoyed every part of the interview, it really has to be one of the best interviews of Musk. You don't have to agree with everything he says but it gives you a view of Elon’s world where he is always challenging the status quo with real innovation and disruptive business models. To have the time to run several multi-billion dollar corporations and have so much passion and care for humanity, our world and future. This is living proof that Elon Musk is a legend and the much needed superhero our world needs.

I really enjoyed this podcast.

It is very sad that the media latched onto the 20 seconds where he had one puff of Joe's joint.

Gringotts Bank · 12 August 2019

orr · 29 January 2020

For those interested a long (2.16Hrs) sit down chat with Mr Musk and Mr Musk(about halfway) and a small group people with deep intrest up on you-tube.. search 'the third row Elon Musk' ... maybe a few surprises for those that take the time.

Elon Musk

luutzu

Value Collector

Have courage, and be kind.

luutzu

Value Collector

Have courage, and be kind.

CanOz

Home runs feel good, but base hits pay bills!

luutzu

Junior

Value Collector

Have courage, and be kind.

luutzu

luutzu

Value Collector

Have courage, and be kind.

Value Collector

Have courage, and be kind.

sptrawler

CanOz

Home runs feel good, but base hits pay bills!

So_Cynical

The Contrarian Averager

Wysiwyg

Everyone wants money

leyy

ley

Junior

Gringotts Bank

orr

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