If a salesman sells a lot of things that don't exist then you might think he is good at it if he manages to keep his commission and find a new job before the company that he sells for goes bankrupt.
Musk has sold billions of his Tesla stock, so perhaps it depends if he ends up in personal bankruptcy due to buying twitter or if he has some money left in a few years.
A good example is the blue check mark. I don't use Twitter yet I and most of the media consuming crowd know about it. I suspect I will know much more about Twitter and yet I didn't use it and don't plan to use it in the future.
People and the media are treating him as a total fool but he's being a fool all the way to the bank.
Buying a safe stock like Berkshire can be valued by the products currently manufactured for its orders quarterly, or any productive asset that delivers output to the market.
A lot of said people won’t be doing so next month.
Ad sales will drop because of it. If all it takes to put words in a company’s mouth is $8, why would the company want that risk? Where is the upside?
Is Elon Musk good at sales? Sure, the same way a lousy sales rep can pump their numbers for more commission. Just don’t look at the pipeline. And don’t ask too many question. Just look at the sales. Really just try not to look at any of it.
In fact, maybe look at Musk! There he goes running his mouth again. Did you know he’s a rocket scientist or something?
What were we talking about?