Their projections will not come true. I live in a small town 150kms away from Accra Capitale of Ghana(West Africa). WE ARE WELL INFORMED through whatsapp and local radio shows. People have taken protective measures.
We will surprise the world in this Covid19 OUTBREAK.
Hi buddies!
I like your concept and quickly tried it when i saw it on PH. My website is still in development and when i included your link n my form i haven't got any email from you in my box.
that's it mean my website has to be in production or online before it work?
Dude, kudos for the project. You need some helping hands to put across your ideas and message in a simple and clear English language. If you don't mind reach out to me on telegram at sammydeeknight i can help.
By the way if you don't mind changing the name of the product too... 'swift' could be easily confused with the Swift language...
I've always suspected there is group of people in the US who are on crusade against Elon Musk's projects -be it Tesla, SpaceX,...-
I find it mind-boggling that there is a kind of "Let bring it down" pattern in America when some dreamers like Elon Musk are disrupting industries like car, Energy or Space with their endeavors.
Elsewhere he would be protected, supported and promoted by the whole nation and the government.
Am sure If Elon Musk was a Chinese he would have less hustle and media bashing than what he is going through...
Disclaimer: I'm not an American citizen and i have no Tesla share on my portfolio.
I've heard people complaining about how he pushes his employees too hard, and I always have an issue with this argument. It might apply to others, like maybe Bezos with his underpaid Amazon workers, but I don't really see how it applies to Elon.
He works incredibly hard, long hours. He takes big risks, and shares a lot of the risk. It's not like he's on top laughing away as his underlings work for pennies - he's the one driving business.
Do his employees share in his spoils though? I'm sure some get stock but if you're asked to work 20% harder for 10% more pay would you do it? If that's the case I don't care how long or hard the CEO works, it's not in my best interest.
That's fair, but I think some of the reward is knowledge of the ground breaking projects your are working on.
I just find the argument annoying because there are so many other billionaire CEOs they could (correctly) critisize, why drag down the only one bringing electric vehicles, solar cities, and freakin' privatised space? This is something we should be heavily supporting and cheering on
I’ve read it’s common for the employees to realize that they are working on world changing projects and thus work the crazy hours. They believe in the greater good and give their time to the project.
>To some extent, yes. He strongly believes that every employee under him should get some of their compensation in the company stock.
Jeff Bezos strongly believed the same thing, and gave his employees stock in lieu of higher wages... until AMZN passed $2000 a share, at which point he strongly believed in phasing out RSUs and productivity bonuses in favor of higher wages.
That was a direct response to repeated criticism from various politicians over "low wages" because they didn't bother to take the incentive programs into account. So you can blame Bernie Sanders for that one.
I think when we are at a point where a governmental body (in this case the SEC) has to step in and strip him from some of his power, we are beyond the point of "it's for him to decide".
He has a habit of finding the single strongest and most entrenched players in our society and then targeting them.
He's targeted the automotive and fossil fuel industries. These are companies that are extremely intertwined with the government and subject to immense cronyism. We paid tens of billions of dollars to keep the entire vehicle industry in business. Ford is the only company that wasn't directly bailed out. Instead we have them a $5.9 billion loan at sub-inflation rates, which they unsurprisingly have not paid back - thanks to the ridiculous interest rate the government set, that loan becomes worth less and less the longer Ford holds out on paying it back.
And then of course he's also gone after Boeing/Lockheed which again follow the exact same pattern of deep entrenching and cronyism within the government. They, in an anticompetitive merger known as ULA, have managed to get the government to pay them $800 million a year to do literally nothing. It's called their 'launch capability contract', which is them convincing the government to pay them a billion a year just to exist.
And then most recently he's also decided to go after the media which is another extremely incestuous and entrenched industry that seems to be regularly driven by factors beyond simply going after the truth.
In a nutshell, he picks some of the most entrenched and influential people to make enemies with, and then goes full steam ahead. Probably the exact reason that he's loved and hated.
There are trillions of dollars at stake here and a lot of very powerful people want to keep the status quo.
There is a very good reason their healthcare, education, banking and a whole lot more have not improved in 30+ years.
Elon is just one example of someone (or something ) that is disrupting the status quo, and many extremely powerful and rich people will fight tooth and nail to derail any such attempts.
> Elon is just one example of someone (or something ) that is disrupting the status quo, and many extremely powerful and rich people will fight tooth and nail to derail any such attempts.
This is a naive argument. The "rich and powerful" have the most to gain from hyping Elon's companies into the sky (and then profit again on the way down). Think about it, why make an effort to protect barely profitable "status quo companies" when you can just cash out on the personality cult around Elon, who himself is one of the richest and most powerful people in the world.
This is mostly about Tesla, the SpaceX stuff is so minor it's not even on the radar of the "rich and powerful". It's a hobby for Boeing and a hobby for Elon Musk. Nobody is going to fight "tooth and nail" to prevent this. They're doing a little bit PR, it's par for the course.
> Think about it, why make an effort to protect barely profitable "status quo companies"
I don't think Ford, GM, VW, etc. are barely profitable. Neither are Shell or BP or any petroleum company. Neither are ULA or Arianespace.
Keep in mind I meant the more general case to - America's healthcare system and education system are fundamentally built the way they are to make very rich people very much richer.
So, Tesla, even while it is bleeding money, if you had bought in a few years ago, your return even today would easily be 10X. Those other companies stayed relatively flat.
Again, I ask you, what's the better deal if you're "rich and powerful"? What's the way to make more money? You'd be stupid to fight tooth and nail to protect those "status quo" companies. You'd make less money and lose. Why not profit both ways? If you are rich and you want to stay rich, you diversify. You don't care if Tesla wins and GM loses because of that, because you have money in either one.
> So, Tesla, even while it is bleeding money, if you had bought in a few years ago, your return even today would easily be 10X. Those other companies stayed relatively flat.
You're using the cashflow accounting method, which obviously gives dramatically different results for an expanding company than an established one. If you invest a billion dollars in a battery factory, from a cashflow perspective you have a billion less dollars but that tells you nothing about the value of the new facility.
And you're not taking risk into account. Tesla is worth a lot more now than five years ago but there was no guarantee of that five years ago -- otherwise the price would have been higher five years ago.
> Again, I ask you, what's the better deal if you're "rich and powerful"? What's the way to make more money?
You're taking this from the perspective of something like a mutual fund manager. Why don't they invest in both Tesla and GM? Well, they do.
Now take it from the perspective of an oil company executive. You can produce oil at a breakeven price of $45/barrel. If oil prices are at $75/barrel, you're making a nice fat profit margin. If somebody comes along and starts mass producing solar panels and electric cars, that could reduce demand for oil and bring prices closer to your breakeven point, or even below it. You're sitting on top of a hundred+ billion dollar company that could be in big trouble if this catches on.
You can't just say they should invest in solar panels and electric cars. Most of the oil production costs are already sunk. The annual revenue difference for a $20/barrel shift in the price of oil for just one oil company is more than Tesla's entire market cap. How are they each going to make up more than $60 billion dollars every year by investing in a company worth under $50 billion dollars in total? There are seven major oil companies. Even using ridiculously optimistic numbers, Tesla isn't going to be worth trillions of dollars ten years from now. But they could cost the oil companies that much.
I'm making a statement on profit margins, Tesla's negative margins are just there for completeness.
> And you're not taking risk into account. Tesla is worth a lot more now than five years ago but there was no guarantee of that five years ago -- otherwise the price would have been higher five years ago.
There are no guarantees of anything. The potential for 10x growth was there. Those old companies weren't going to magically achieve that growth.
> You're taking this from the perspective of something like a mutual fund manager. Why don't they invest in both Tesla and GM? Well, they do.
Indeed they do. Who uses mutual funds? The "rich and powerful" do.
> Now take it from the perspective of an oil company executive. You can produce oil at a breakeven price of $45/barrel. If oil prices are at $75/barrel, you're making a nice fat profit margin. If somebody comes along and starts mass producing solar panels and electric cars...
It doesn't matter. The "rich and powerful" aren't all fully invested into oil, not even the oil execs, not even the Saudi princes. They diversify. If somebody comes and starts mass producing solar panels, they can buy that. Except of course in reality solar panels and electric cars have little impact on oil prices (rather it's the other way around), but let's say they had a significant impact, that's exactly how investors would hedge.
> How are they each going to make up more than $60 billion dollars every year by investing in a company worth under $50 billion dollars in total? There are seven major oil companies. Even using ridiculously optimistic numbers, Tesla isn't going to be worth trillions of dollars ten years from now. But they could cost the oil companies that much.
In the last decade, we had oil prices between 30$ and a 100$, while the amount of electric cars on the roads has remained irrelevant. If anything, electric cars need high oil prices to appear economical at all. But let's say electric cars would magically become highly profitable, how much money do you think would it cost those seven major companies to prevent not just Tesla but all other car makers from producing them? Everybody could go into the business of threatening to produce electric cars unless they're paid off, which is even more profitable than actually producing something! Eventually, the oil companies would have to decide it's cheaper to ignore the issue and let the market set the price.
Marveled to stumble upon a fellow cultural anthropologist over here :)
HN is an amazing platform...
Just wondering how an anthropologist end up in the AI field...?
Washington Post ===>Jeff Bezos of Amazon
Time Magazine ===>Marc Bienoff of Salesforce
Which one is next New York Times, Wall Street Journal, Newyorker?
The Silicon Valley super rich are on media outlets buying spree. It seems being online news' aggregators (Facebook, Google & co.)and opinion influencers/manipulators is not enough for them. They have to take hold of the content production too either printed, on TV or Radio... Welcome to SV version of Big Brother!
NYT was bailed out a while ago by investment from Carlos Slim (of the Mexican state-granted telecom monopoly). It looks like he currently holds a little under 15%.
Buddy this is the first time i'm reading a post on Django in HN since i've landed here. I've started learning Django for some months and got stuck on creating and running my own project. Stackoverflow and quora couldn't help...
Great of you to share this here. Can i DM you for a mentorship's request on my learning journey?
Nice to hear from you. I started learning Django 2-3 months before and so far my journey is going well. I would love to help you on your learning journey. DM me on twitter @SidShringi
