this post was submitted on 27 Jul 2023
612 points (97.8% liked)
Enough Musk Spam
2215 readers
2 users here now
For those that have had enough of the Elon Musk worship online.
No flaming, baiting, etc. This community is intended for those opposed to the influx of Elon Musk-related advertising online. Coming here to defend Musk or his companies will not get you banned, but it likely will result in downvotes. Please use the reporting feature if you see a rule violation.
Opinions from all sides of the political spectrum are welcome here. However, we kindly ask that off-topic political discussion be kept to a minimum, so as to focus on the goal of this sub. This community is minimally moderated, so discussion and the power of upvotes/downvotes are allowed, provided lemmy.world rules are not broken.
Post links to instances of obvious Elon Musk fanboy brigading in default subreddits, lemmy/kbin communities/instances, astroturfing from Tesla/SpaceX/etc., or any articles critical of Musk, his ideas, unrealistic promises and timelines, or the working conditions at his companies.
Tesla-specific discussion can be posted here as well as our sister community /c/RealTesla.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I think he's this narcissistic and impulsive but he's always had some sort of buffer between his worst impulses and reality.
He was a VC bro that was able to sell a few unicorn ideas to employees and investors (which is no small feat). His investors at his other companies were able to help build competent teams around him and prevent him from pinballing between bad ideas and keep him relatively focused on their investment and ideas that would work.
As Musk's weath grew, so did his power. His need for investors (and the need to listen to them) diminished. Also weath and power attract an entourage who are willing to do/say anything to stay on Elon's good side.
Elon only only purchased Twitter because he was compulsively tweeting.
He signed a no due diligence contact because no one around him was there to say "that's a really fucking stupid idea, there's no rush to buy Twitter, take all the time you need." But he signed a terms sheet that no homeowner should sign before purchasing a much less a multi-billion dollar acquisition. For reference, an acquisition of a small company with an annual revenue of less than $1M annually takes 3-6 months to go through due diligence, multi-billion dollar acquisitions can take years. That's a seriously compulsive decision.
If he sold his stake after saying he was going to buy them, Twitter was going to sue his ass off for doing a pump and dump and intentionally destroying stock value. That would also open an SEC investigation. Both of those would show the public how fucking stupid Elon is in a court of law. That's simply not okay for a narcissist. They must feed their ego.
Now at Twitter, he doesn't have a large backing of investors that he has to listen to like in a normal VC situation, AND he thinks he's actually smarter than everyone around him and we can see the emperor has no clothes.
After being a lucky VC that got forced out of his initial investments right before the DotCom bubble burst Elon's main value was as a marketer.
At Tesla he was able to sell investors and employees a vision of a gas-free future. At SpaceX he sold his vision of exploring the stars.
Who is clamouring for the next great social media platform?
Who's asking for the next 'everything' app?
Who's asking a private company to be more involved in their day to day lives?
Users certainly aren't.
Tl;Dr: Elon was a lucky VC, who's main value was as a marketer and not as an ops/engineering specialist.