Tesla stock suffers even further collapse.

'Owning the libs' is going soooo well. Not only has Musk's actions cost him value on Twitter, its now cost him many times the total value of Twitter because the reputational damage has been so contagious that his day job has been crippled by the side-hustle. The reason why Musk was the richest man in the world was because of the value of Tesla stock. That value was predicated on future earnings based on markets betting that Tesla was set to become the market leader in electronic cars. This bet was based on the reputation of Musk as a genius innovator CEO. Not only is he distracted from the day job, but people have come to the painful realisatiobthat Musk's genius is well below his prior aptitude for self-promotion. The emperor has no clothes. 😂

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SW-User

Musk never even wanted to buy Twitter, not seriously. He was forced to do it and now it's costing him. That poll asking if he should step down was hilarious. Of course he's going to step down, he always was, regardless of the results. I do believe his ego is a factor in this, but ultimately it's about money and he will do what's financially best for him, and that means getting away from Twitter. What he really cared about with Twitter was being the most powerful rich guy on the platform and he achieved it. Turns out he's just not very funny or very cool. He posts like a boomer on Reddit.

What I can't decide is whether the fact that conservatives are convinced Musk, the richest man in the world, is a persecuted victim is more sad or more funny.

Ynotisay · M

@SW-User I tend to agree. It clearly wasn't a sound a business decision. Looks like ego and power drove that train. And the train jumped the tracks. Your last line is the real issue for me. It speaks, yet again, at how EASILY a certain group of Americans can be manipulated. They hated Musk's guts, just like Trump's, until he provided them with an enemy out to get them. "Freedom of Speech" was all it took. Even though it's not close to an issue of Freedom of Speech. So I'm not sure if it's sad or funny. I think it's more alarming than anything else.

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