Elon Musk and Joe Rogan smoke out

To be fair: Theres a difference between “they didn’t need it after all” and “it didn’t work”

It may have worked beautifully if they’s ended up using it.

Just FTR, Tesla shares were trading at $280.95 when the market closed Thursday prior to the Rogan interview.

After all the immediate overnight pearl-clutching and meme-making, the stock opened Friday morning at $260.32, a “staggering” $20 per share drop.

Yet more pearl-clutching, more shorts predicting imminent doom, yadda yadda ya,

Give everyone a weekend for reflection, though (and maybe a chance to actually watch the interview instead of just tsk-tsking about Elon “smoking out”), and TSLA stock opened this morning at $273.77, climbed through the day, and closed this afternoon at $285.50.

Nearly $5 a share above the Thursday pre-interview close.

So anyone who held their stock through Friday’s hysterical hand-wringing is up $5 per share.

And anyone who seized Friday morning’s buying opportunity is up as much as $25 per share this afternoon. In two days of trading.

Yeah, looks like the shareholders are really upset. /s

Meanwhile, some guy named Jack :wink: has this to say:

This is an honest and fun conversation between @elonmusk and @joerogan. Stop at the headlines and memes and you’ll miss all the thoughtfulness, clarity, and curiosity. https://t.co/aYHbOwF4wk

— jack (@jack) September 9, 2018

Personally, I couldn’t agree more.

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As much as I hate to be philosophically aligned with the CEO of Twitter, I have to agree as well. This was well worth the time to listen to.

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Not that it makes it “ok”, but there is nothing unique about Tesla in this department. Drug testing is standard for these types of jobs. Marijuana has the ironic distinction of being detectable long after its use is relevant, while simultaneously being the drug whose casual use is the least concerning overall. Elon’s toke would result in a test failure if he was subjected to a mouth swab within 10-12 hours(maybe, he barely had it in his mouth), but he would pass any other test, as other tests are looking for a certain percentage level of metabolites.

None of these companies want unions either, so I’m sure something similar will happen anywhere. Once again, not ok, but not a fault specific to Musk’s companies. Any of these companies, when you get hired on, will explain to you how much better off you are without a union(Ha!).

All of these companies have punitive attendance policies, how reasonable they are probably varies with how easy or hard it is to replace their employees. Usually they are not completely unreasonable. The abilities of management to be flexible about them is an important factor(probably not the case at Tesla, sounds like). Since they often have a lot of temp workers, they are subject to the temp company policies, which are usually worse, and have no sort of holiday pay or vacation time.

What I am most curious about with Tesla, is what the compensation is for the workers(pay, benefits, vacation time, emergency days off, personal days off). How much they are having to work(is there mandatory overtime, are you required to work on holidays, are there sufficient breaks and do you get paid for them). And, of course the safety issues. People get injured doing these types of jobs, and it is in the best interest of these companies to do what they can to avoid this, as it is expensive for them if someone gets hurt. This usually results in extensive safety rules and risk of immediate termination if they are violated. Safety is maybe the only area where workers have laws working in their favor, generally. It is hard to judge from anecdotes from a few workers how good or bad or typical the situation is there.

What is needed is better labor laws, in general. Clearly Musk is as weak in these areas as every other CEO, and he deserves to be criticized about this.

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