Yes, chatGPT. I asked "him" what stocks have the greatest potential and the answer came back something like this: My latest data is from Jan 2022, I have no idea how things are beyond that date. Do your own research.....
Like "Free Speech" Musk/X. (Semafor) email newsletter Advertisers suspend X ads REUTERS/Carlos Barria The European Commission and the tech giant IBM stopped advertising on X. The moves were ostensibly unrelated to recent criticism of the platform’s owner Elon Musk for appearing to endorse antisemitic posts, but piled further pressure on the company, which has seen its ad revenue plummet, according to Reuters. The IBM decision followed a watchdog report which found corporate adverts being placed alongside content promoting Adolf Hitler and the Nazi Party, while the European Commission’s move was designed “to avoid risks of reputational damage,” it said, according to Politico. The challenges facing X could also impact Musk’s other businesses: A Tesla investor told Bloomberg she was “appalled” by Musk’s latest remarks, and warned his “behavior has the power to tarnish [Tesla’s] brand long-term.”
Musk:The strength and the weakness. The cascading conflagration prompted Tesla Inc. TSLA, +0.30% bull and investment adviser Ross Gerber to grumble on X: “Getting a flood of messages from clients wanting out of tesla and anything to do with Elon Musk. Many saying they are selling their cars as well. What is he doing to the tesla brand??!!?!?” Earlier this year, Gerber backed down from his “friendly activist” efforts to join Tesla’s board, saying he felt his concerns had been addressed. His firm, Gerber Kawasaki Wealth and Investment Management, has its own ETF, AdvisorShares Gerber Kawasaki GK, which has Tesla as its top investment, and has attracted many clients with Tesla shares in its portfolios In an interview on CNBC late Thursday, Gerber said that while he is not selling his Tesla stock, ” I’m not going to mince words about it anymore as a shareholder. It’s absolutely outrageous, his behavior and the damage he’s caused to the brand.” Gerber said Musk has essentially abdicated his responsibilities as Tesla CEO: “It’s all about Twitter, and what he can tweet, and how many people he can piss off… What’s going to happen to Tesla over the next 10 years, are they gonna achieve their mission if the CEO isn’t actually the CEO? Because he’s certainly not acting as the CEO of Tesla.”
Very difficult to defend Musk, even if his comment and the reaction are ridiculous. I'm in the Gerber and Black camp. My support is for the company and I believe Tesla doesn't need Elon Musk as its CEO. I've said many times on this forum that freedom of speech has a price, the first of which is the removal of anonymity and the 2nd being to assume consequences for the spoken words. I support yet dislike Musk's interventions on X. As Tesla's CEO he has a fiduciary duty to the board and shareholders not to devalue the company's name and brand. He regularly fails to uphold his duty and I think he should be removed from his role as CEO. Let him be Chairman or whatever. Tesla will do just fine without him.
IMO those who might be averse to buying a Tesla now or in the future, or keep one they already own, won't be swayed by Musk just moving over to Chairman. So if that is the case and he'll never muzzle himself for the sake of the company, it would take stepping away completely to help at all.
Ahhhhh.... you need to read up on Howard Hughes. I wouldn't say "far more". The similarities between the two are remarkable. Hughes Aircraft had a lot of firsts. Hughes Medical was all about biotech engineering early on. Obviously the film and entertainment industry ---(think TWTR). Lots and lots of stuff. He was a visionary, and controversial... just like Elon. Regarding mental stability... Elon is is just misunderstood. That's trite I know, but there's no mental problems... albeit to the casual observer it might appear there is. But there's not. Is he aloof af? Absolutely; and he should strive to articulate his thoughts and words in a manner better understood by most... but the man marches to the beat of his own drums... and just like Hughes.... he doesn't care. The things he says, he says on purpose. He knows exactly how they'll be received. He's a gamesman. Most can't see that I suppose... but he is.