But preliminary research from David A. Kirsch, a professor at the University of Maryland’s Robert H. Smith School of Business, concludes that activity of this sort by so-called bots has played a significant part in the “stock of the future” narrative that has propelled Tesla’s market value to altitudes loftier than any traditional financial analysis could justify.
In a market in love with “meme stocks,” sexy narrative is proving far more profitable than financial analysis, said Kirsch, co-author of “Bubbles and Crashes: The Boom and Bust of Technological Innovation.”
“The Tesla narrative is extraordinarily powerful,” Kirsch said. Despite the company’s several brushes with bankruptcy, the vision of a planet-saving, world-dominating business enterprise has enabled Chief Executive Elon Musk “to keep selling stock to the public to keep it fueled. At a certain point, it does become self-fulfilling.”
https://www.latimes.com/business/story/2022-04-12/musk-is-of…
2 Likes
Couldn’t read the article, as it’s behind a paywall.
So I searched for “Tesla bots”, thinking I might find that or another article on the same view.
But no, up came the video of the dancer dressed up as the non-existent Tesla robot.
Which, when you think of it, is probably a pretty appropriate search result!
Fake bots to pump stock, check.
Dear Leader’s latest:
Tesla is aiming to start production of its Optimus humanoid robot in 2023
https://electrek.co/2022/04/07/tesla-production-optimus-huma…
Elon Musk announced that Tesla is going to be shifting its product development to make Tesla Bot, a humanoid robot also known as Optimus, a priority in 2022.
https://electrek.co/2022/01/27/elon-musk-tesla-prioritizing-…
In other news, elves from Rivendell will be called in to assist with the production.
They’ll arrive on Dogecoin powered telepathic unicorns.
If you want meta rights on any of the robots–or the unicorns!–no doubt you can buy the NFT now.
But there is a waiting list.
Jim
6 Likes
Couldn’t read the article, as it’s behind a paywall.
That’s odd, I was able to read the article without a subscription for free.
1 Like
Well, I guess he can use his own bots now.
Mr Musk is making a bid for the whole company.
https://www.prnewswire.com/news-releases/twitter-confirms-re…
The offer price is $54.20 per share.
Hmmm, I wonder how the last three significant digits were arrived at…
I guess he wanted to remind us all of one of his all-time-great tweets.
I can never decide if it’s more impressive for having been a lie, or having been a crime.
The perfectly suited owner for Twitter, and acquired in the perfectly suited way.
Time Magazine:
"Musk’s regulatory filings show that he bought a little more than 620,000 shares at $36.83 apiece
on Jan. 31 and then continued to accumulate more shares on nearly every single trading day through
April 1. Musk, best known as CEO of the electric car maker Tesla, held 73.1 million Twitter shares
as of the most recent count Monday. That represents a 9.1% stake in Twitter.
The lawsuit alleges that by March 14, Musk’s stake in Twitter had reached a 5% threshold that
required him to publicly disclose his holdings under U.S. securities law by March 24. Musk didn’t
make the required disclosure until April 4. That revelation caused Twitter’s stock to soar 27% from
its April 1 close to nearly $50 by the end of April 4’s trading, depriving investors who sold shares
before Musk’s improperly delayed disclosure the chance to realize significant gains, according to
the lawsuit filed on behalf of an investor named Marc Bain Rasella. Musk, meanwhile, was able to
continue to buy shares that traded in prices ranging from $37.69 to $40.96."
Jim
6 Likes
I guess that I am a bot then?
Nooooo… Ron Baron is a “bot”.
lol
1 Like
cult of WEB… not so bad, huh?
1 Like