Connect with us

Business

The Dogefather rides popularity wave – but not with everyone | TICKER VIEWS

Published

on

(He’s actually not super popular with Tesla investors but more on that shortly).

Elon Musk has 54 million followers on Twitter and after sending this into the Twitterverse: 

Nearly 4 million people voted one way or another, around 100,000 retweeted, and over 70% answered ‘yes’ to the provocative question. Dogecoin’s price shot skyward immediately.

Musk is riding a tsunami of popularity after co-hosting Saturday Night Live, he took us further inside his remarkable mind during a wide ranging chat with the Wall Street Journal.

The 49-year old didn’t hold back in describing what’s wrong with business in the US.

“I think there might be too many MBA’s (Master of Business Administration) running companies. There should be focus on the product and service itself.” 

He has no interest in companies purely focusing on profit, board meetings and spreadsheets. 

“Why even have companies? A company has no value in and of itself. It only has value, to degree that is, being an effective allocator of resources to create goods and services that are of greater value than the costs of the inputs.”

Musk is adamant we can all develop a ‘product mindset’ like his. 

There are a number of steps involved with one constant “step number one would be try. Have you tried? Have you tried hard? And if you haven’t tried hard, try harder. I think it is learnable. It’s not some mysterious thing.”

Elon Musk/Getty Images

Now back to those angry investors. Tesla has had a bad recent run of PR in China and sales have been hit.

Last month Tesla was the target of protestors at China’s biggest auto show in Shanghai after owners vented their fury following problems with their cars.

These aren’t insignificant challenges but you get the feeing it won’t keep the new Texas resident up at night.

His focus is very clear “the two biggest things that I’ve got going on right now are the starship development in South Texas” and Tesla’s Gigafactory site near Berlin that’s just been approved.

Following Musk’s every move and motive is tricky, but you can guarantee one thing, wherever he directs his energy he is going to try very, very hard.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

The possibility of a U.S. recession

Published

on

There’s been a lot going on in markets…

It’s been a turbulent time in financial markets, to say the least.

From seeing a banking crisis sweep around the world, to a new global reserve currency start to emerge – there hasn’t been a quiet day on the market.

And there’s also a little bit of Marty McFly meets Bog Iger from Disney, as UBS appoint a former Credit Suisse CEO to help with the merger of the two banks.

AND, the possibility of a U.S. recession…

Chris Uhl from 10minutestocktrader.com joins us to discuss.

Continue Reading

Business

Disney trumps DeSantis with legal loophole

Published

on

Disney has outplayed Ron DeSantis by leaning on a decades-old royal clause

In February, Florida Governor Ron DeSantis moved to take over Disney World’s governing body.

It was all in retaliation to the company’s public stance against the state’s “Don’t Say Gay” bill.

But now, new reports suggest this whole plan may have backfired.

Members of the new governor-appointed board argue the previous members stripped the board of its power before they left.

It was all part of an agreement, which was approved a day before DeSantis assumed more control of the land around Disney’s theme park.

Disney is leaning on a property law which essentially makes the company the government of the area.

New board member Ron Peri says the board has lost the majority of its ability to do anything beyond maintain the roads and basic infrastructure.

For just under six decades, Disney has operated its expansive theme park and resort in Florida under a specially designated district.

A board oversaw the area and had free reign of development processes.

Disney also had the authority to appoint district board members.

But this special status came under threat when Disney clashed with DeSantis and his “Don’t Say Gay” law.

Florida lawmakers the passed a bill in February to end Disney’s self-governing status and give the governor the authority to appoint new board members to the district.

DeSantis appointed five supervisors, including a parents’ rights activist and three Republican donors.

But the new supervisors say previous board members entered an agreement before they left their positions – effectively stripping them of any powers. #trending #featured

Continue Reading

Business

The Power of Play

Published

on

Let’s take a look at the history of video games and the exciting future of the gaming industry.

From classic arcade games to the latest consoles and online multiplayer experiences, gamers have been lining up for decades to get their hands on the hottest games.

But what goes on behind the scenes to create these immersive worlds? The Power of Play takes you behind the curtain to explore the hard work and dedication of game developers as they bring these virtual experiences to life.

Continue Reading
Live Watch Ticker News Live
Advertisement

Trending Now

Copyright © 2023 The Ticker Company PTY LTD