Musk said early Saturday that cash flow at Twitter remains negative because of a nearly 50% drop in advertising revenue coupled with “heavy debt.”

  • Catch42@kbin.social
    link
    fedilink
    arrow-up
    1
    ·
    1 year ago

    Well, Tesla is publicly traded, makes money, and clearly their cars work because they have lower than average road fatalities. With the disparity of how badly Twitter’s being run vs Tesla I wonder how long it’s been since Elon’s actually been in charge of anything other than being a spokesperson for Tesla.

      • FaceDeer@kbin.social
        link
        fedilink
        arrow-up
        0
        ·
        1 year ago

        It’s a public company, there are legal requirements for reporting its cash flows to its shareholders. If they’re being fudged to that degree then that’s massive fraud and Musk would be in very serious legal trouble.

        • Hypx@kbin.social
          link
          fedilink
          arrow-up
          1
          ·
          1 year ago

          @FaceDeer

          @kuontom @const_void @Catch42

          We live in the age of fraud. It’s easy to fake those numbers. Hell, the regulations will even help you defraud investors. In fact, you should google Wirecard as an example of this, and realize it could totally happen again. Also, look at how rich Musk already is and realize he has already gotten away with it. Legal trouble just means he may retire in slightly less comfort than he would’ve anyways.

    • Nioxic@lemmy.world
      link
      fedilink
      arrow-up
      2
      ·
      1 year ago

      They are among the most unreliable cars… lol

      And fewest fatalities because they are not selling as well as a honda civic…

      • Dr Cog@mander.xyz
        link
        fedilink
        arrow-up
        1
        ·
        1 year ago

        Exactly. If I start a brand of cars that explode as soon as you turn the ignition but only sell one, suddenly my brand has the fewest fatalities.

      • Catch42@kbin.social
        link
        fedilink
        arrow-up
        0
        ·
        1 year ago

        Yes, because rising road fatalities and having lower than average road fatalities are not mutually exclusive. Radar-era autopilot was incredibly safe, so even though Elon made the stupid decision to make it vision-based which has caused fatalities to go up, they’re still below average. You can check NHTSA’s ratings just type in Tesla in the search bar and you’ll see that they’ve gotten a 5 star rating on every car in every category.

        Of course if you look at Tesla’s own data they claim to the orders of magnitude safer, which I’m sure is only possible with some creative data manipulation, but it’s silly to claim that Tesla’s are less safe than average.

        • jocanib@lemmy.world
          link
          fedilink
          arrow-up
          1
          ·
          1 year ago

          The NHSTA ratings are based on crash tests. Not real world accident statistics.

          You didn’t read your own link but did you read the article I linked to (and ideally the WaPo article it links to, for more detail)?

          If so, I ask again, are you sure about that?.