Current Affairs Elon Musk

[Martin Alvito]

Does it actually? How often is this sort of speech actually limited or infringed upon? Freedom of speech does not, and has never meant that you can be free to say anything without a mob of people vehemently disagreeing with you and aiming for you to incur consequences...

I'm absolutely positive some on the left and far left actively attempt to shut down speech at a legislative and legal level, but mostly I just see people responding with their own speech and making their own demands.

The whole point of the ACLU types is let the market decide.

 

[RaleighBlue]

The whole point of the ACLU types is let the market decide.

Correct. Which I would argue is the bulk of the left wing actors - the market deciding. Until physical violence or legal recourse is invoked, I don't think you can really be accused of "shutting down" speech.

If someone begins loudly being offensive, it is normal social group behaviour to react in a negative fashion - freedom of speech was never designed to protect from that...

I often see the charge of shutting down freedom of speech leveled against the left, but most examples provided seem to just be the market deciding to have enough.

I may have misunderstood your point.

 

[Martin Alvito]

Correct. Which I would argue is the bulk of the left wing actors - the market deciding. Until physical violence or legal recourse is invoked, I don't think you can really be accused of "shutting down" speech.

If someone begins loudly being offensive, it is normal social group behaviour to react in a negative fashion - freedom of speech was never designed to protect from that...

I often see the charge of shutting down freedom of speech leveled against the left, but most examples provided seem to just be the market deciding to have enough.

I may have misunderstood your point.

My point is that left-wing actors spend an enormous amount of effort trying to move the line.

If you think that physical violence and legal recourse are the only means by which this can be accomplished, I would refer you to Chekov's The Cherry Orchard. Stripping someone of economic power is quite the punishment.

 

[RaleighBlue]

My point is that left-wing actors spend an enormous amount of effort trying to move the line.

If you think that physical violence and legal recourse are the only means by which this can be accomplished, I would refer you to Chekov's The Cherry Orchard. Stripping someone of economic power is quite the punishment.

In our highly capitalist economy that is literally how the market decides for those that are not financially independent.

Freedom of speech has always been something you buy into in America. It's the price of not having any social structure to support folks when their personal views become toxic to employers.

 

[LinekersLegs]

This new policy seems utterly unworkable.

 

[LinekersLegs]

 

[Martin Alvito]

In our highly capitalist economy that is literally how the market decides for those that are not financially independent.

Freedom of speech has always been something you buy into in America. It's the price of not having any social structure to support folks when their personal views become toxic to employers.

I think you missed the part about moving the line as opposed to taking its present state as a given.

 

[LinekersLegs]

 

[SerenityNigh]

Hey, there’s no requirement not to sell, so long as he discloses properly. If I were him I’d sell all that stock. But the. I’m not him.

 

[LinekersLegs]

 

[Bruce Wayne]

It's a big premium still, especially as it's based on forward earnings, which is essentially analysts guessed (you can ascribe any value you wish to those).

Ben Graham famously said the stock market was a voting machine in the short term, and a weighing machine in the long term. You are starting to see that now, as people on the Musk Ponzi scheme have to deal with the fundamentals of how much profit they get per pound spent.

The slight aside from this, is that companies like Tesla fuelled growth through low interest rates (now gone) and share dilution at ridiculously cheap prices. Essentially Musks wealth was accumulated on the backs of creditors and shareholder who funded the tab. It will be interesting how Tesla gets on now those huge share premiums are gone, and probably wont come back.

To answer your original point though, 30 forward earnings is huge. I think under 20 actual earnings would be an interesting point to have more of a look at Tesla, who do have some scale advantages in Everton space.

The other car companies are around 7 times earnings or something aren't they?

 

[Connor]

I'm sorry, but he's waging war against football fans with the clamp down on flight tracking

This madness has to end

 

[ParkhallToffee]

The guy doubtless has some talent, and he's also rather unpleasant.

If his circus eventually comes crashing down it will have been mildly interesting, although he won't be missed. I minor stain in the history books likely soon forgotten.

 

[catcherintherye]

The other car companies are around 7 times earnings or something aren't they?

Yes mate. Its actually quite stark the contrast. As it happens I've been looking closely at STLA. It is selling at around a 2.5 and Everton/FCF is around a 2 (which is v low). It just feels a complete mismatch to me compared to Tesla. I'm quite happy to bet against Tesla.

I also have BMW, and I'm close to also buying Porsche

 

[LostLegend]

This new policy seems utterly unworkable.