Input | Output |
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Link | YouTube |
Published | 2022/12/21 |
Theme | |
Status | article incomplete |
Beau says:
Elon Musk's Twitter antics and potential voter suppression raise concerns about Tesla's market value and reputation, prompting suggestions for a way out.
Social media users
The full transcript provides deeper insights into the potential consequences of social media controversies on corporate entities like Tesla.
Well, howdy there, internet people, it's Bo again.
So today we are going to talk about Twitter and polls
and being downgraded and Tesla and how it all ties together.
For those who are not on Twitter and who are not
aware of just the wild goings on,
recently Elon Musk tweeted out something to the effect of,
Should I resign in the form of a poll?
A very clear majority of users who voted said yes.
Something like 10 million users said
that they wanted him to resign.
In what is just a hilarious development after that,
Musk was seen in a conversation on Twitter
with somebody who suggested that he only
allows those people with blue checks to those
are people who are paying to vote.
And in true voter suppression style,
it does appear that Musk found that to be a good idea.
And what I'm sure is unrelated news,
Tesla, the company, has been downgraded
by Oppenheimer & Company.
One of the reasons here, we believe
banning journalists without consistent defensible standards
or clear communication in an environment where many people
believe free speech is at risk is
too much for a majority of consumers
to continue supporting Mr. Musk slash Tesla, particularly
people ideologically aligned with climate change
mitigation, who would be the people buying those cars.
There's also concern about a negative feedback loop, which
is something we discussed on this channel initially, where
because of the content that is created by some of the people
he has unbanned, some of which are literal fascists,
Brands won't want to advertise on Twitter.
When the brands leave, they don't
want to be associated with it.
Users leave, which causes more brands to leave,
and it sends the company into a death spiral.
It appears that Oppenheimer believes
this will influence Tesla as well, which
is an understandable belief because my understanding is
that Tesla has dropped like 50% in value, the stock price has.
The only way out for Musk that I can see
is to step away from the company and bring on a woke board that
will institute some content guidelines
and hopefully have some idea of how the creator economy works.
I know that many people will say, go woke, go broke.
But time and time again, we have seen that that's not true.
The reality is, go fast, no cash.
Anyway, it's just a thought.
You all have a good day.
{{Shirt}}
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