frm
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They only take a 5% loss if they sell.
Has Elon Musk lost his mind or?…
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Mr Lucky
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Please pay attention to what was already discussed (on page 4 of this thread)
You see, assuming I need to have it explained to me is totally superfluous.
I thought my previous reply was clear, did it not seem clear to you?
Now that is arguable. Obviously left and right as words are opposites, but in politics I find it is debatable. Both kinds of extremist may tend towards violence. Far right seem to be concerned with race and immigration, the far left are more concerned about anti-capitalism. I'm obviously being over-simplistic and it's just my own opinion that those aren't polar opposites.
I am neither right wing nor left wing though so maybe I'm in a good position to discuss dispassionately, but that’s a whole different discussion.
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smallwheels
Well-known member
How do you come to this conclusion? The quote from WAJ wasThey only take a 5% loss if they sell.
Plus it is clear that this is a new hope - up until now it would have been far, far less. Still it is a hope and they hope for around a 5-10% loss.
You claim it would be just 5%. How come? Secret information?
zappaDPJ
Well-known member
“It’s good to be proud of German culture, German values, and not to lose that in some sort of multiculturalism that dilutes everything.”
That was Musk speaking tonight at the Germany’s far-right Alternative für Deutschland (AfD) election campaign event. It seems history teaches us nothing.
That was Musk speaking tonight at the Germany’s far-right Alternative für Deutschland (AfD) election campaign event. It seems history teaches us nothing.
frm
Well-known member
This indicates to me that every $1 spent, they would receive 90 to 95 cents on the dollar. Meaning, they would lose 5%
So if they sell now, simple math, they lose 5-10%.
A bank would only take a trade like that since it's so small if they're not properly risk-adverse and have some major cash flow issues elsewhere. They'd take a loss to cover an even bigger loss. Or, they'd ride it out.
But the fact remains, I don't know because I can't see the article, but they have not unloaded the debt. Therefore, it's an unrealized loss of 5-10%, meaning, they didn't lose anything until they close the position.
They could keep it and hope for a 20% gain or sell it at a 5-10% loss. It's up to them to do.
But, they have not lost anything because, again, it's an unrealized loss. They could have an unrealized gain elsewhere of 5-10% and be break even. Or, have a short position they need to close at a huge loss (with all this short selling going on) or get liquidated, so instead of that, take the 5-10% loss to cover their other poor trades.
Anyway, this is even stupid to speculate over. I don't care if a bank loses money or not, whether it be on Twitter or Facebook or Nvidia, because they take money from (you and) me without hesitation with overdraft fees, etc. So, screw them, it was their investment to take, and they took it. They knew the risks going in, and now it looks like a loss, if they sell. Though, if they hold onto it, they could make some money.
Who knows? You surely don't, and neither do I. I surely don't care either way, again, like I said, I couldn't care less if banks fail, and don't get bailed out this time.
Opus X
Well-known member
article i read said could be up to 20%.
it also said they are hoping the bromance will raise that.
frm
Well-known member
I hope it's up to 100%, on everything, to be frank. They shouldn't have been bailed out in 2008, and they shouldn't be bailed out now.
I couldn't care less who's losing money on X because they invested in it. It was their choice, their job. I focus on my investments. I mean, if you have a stake in Fidelity (if it's traded), you might care, but, I don't, so I don't care.
This should be scarier than them losing 5-10%, for anyone with a 401k with them, that is.
Twitter losing 5-10% is nothing on what these guys have been doing in the background. They will NEED to sell their stake in X at a loss if that gets out of control, or everyone's 401k will blow up in their face.
smallwheels
Well-known member
He also said Germany should overcome it's past and no longer deal with a guilt about what their grandparents did. So basically he said Germans should forget the Holocaust. At the campaign start of a party full of Nazis.
Seems Musk wants that we stop learning from history. Totally sick.
smallwheels
Well-known member
Oh and btw. not only in a critical situation where Germany people try their very best to get rid of those Nazis and avoid, that they gain further influence, but also literally only hours away from the date when Auschwitz was finally freed by the allies (in this case sowjet troops) 80 years ago on Jan 27th 1945. It is really disgusting how he tries to take influence in German elections, and even more by supporting Nazis.
As a consequence on social media Teslas are now named Swasticar - a name, that the undereducated probably won't get. The other consequence is probably, that Tesla sales in Germany will massively go down - Tesla-shame will come to a whole new level and no democrat is willing to support Musk financially or suffer from the negative image they now have here while his new Nazi friends won't buy them anyway, as they dislike EVs (and even opposed the Gigafactory near Berlin).
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Mr Lucky
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I've noticed that is starting in the UK. Given that a large part of the Tesla market are people who are environmentally aware and concerned about the climate crisis, his alignment with a party that doesn't seem to care about the environment means both the solar battery and the EV side of the business is likely to suffer.
I work with an environmental organisation as well as the Southampton Climate Commission and we are seeing a lot of people who are doing a U-turn on plans to install Tesla. There are now options that compete in the upper end of the solar battery/inverter market just as it seems the Tesla "near monopoly" on top end EVs is over. Five to eight years ago a Tesla was more or less the only choice for a range of over 200 miles, that's all history now.
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Mike Fara
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It seems to me that he exists now in a reality of his own mind where certain truths are reinforced and others have been shed, it may be a consequence of unlimited wealth and power; it is not entirely clear to me where this person's head is at. Certain things seemed to have moved him to the far right- certain events he experienced that from his frame all justify his current behavior. It is an odd thing to see.
smallwheels
Well-known member
What is interesting in that respect is looking at the history and heritage of Musk's grandfather, as there are a surprising number of parallels. The grandfather died while Musk was still a toddler, but he not only left the wealth for Musks family but possibly also a "philosophy" that fits pretty well to Musks recent behaviours. He believed in an authoritan technocracy, led by engineers and tried to bring this to life. Interesting read regarding that from 2023 already:
Elon Musk's grandfather belonged to a political party that believed the world should be governed by technology. Newspapers at the time described it as having 'the tone of an incipient Fascist movement.'
Elon Musk's grandfather, Joshua Haldeman, was a "radical conspiracy theorist," the Atlantic reports.Haldeman was convicted in Canada for
A little more context on the grandfather with a slightly different perspective comes from a longer article in the atlantic, also from 2023:
Elon Musk’s Anti-Semitic, Apartheid-Loving Grandfather
The billionaire has described his grandfather as a risk-taking adventurer. A closer read of history reveals something much darker.
From today's perspective some remarkable parallels are barely ignorable, including the usage of "X" as a name.
HotRodCarts
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Lee
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I drive a KIA EV9 which can comfortably do 250 miles, which for a 7 seater is very good.
Mr Lucky
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I hope you're wrong too.
smallwheels
Well-known member
In case your forum-nick is the abbreviation for "very bad results" we can only hope so.
smallwheels
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Looking where to and how this thread has developed: As today is Holocaust memorial day and Auschwitz was liberated 80 years ago a reminder to all off us:
It is a warning as patterns start to repeat and we see some of them in the US and not only in the US. Be aware that these may lead to very bad times.
It is a warning as patterns start to repeat and we see some of them in the US and not only in the US. Be aware that these may lead to very bad times.
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