Elon Musk's Team Is Talking With Thai Officials for Cave Rescue (bloomberg.com)
Representatives for Elon Musk are in talks with Thai authorities about aiding in the rescue of a boys' soccer team stuck in a cave, said a spokesman for the billionaire. From a report: Musk's companies could help by trying to locate the boys' precise location using Space Exploration Technologies or Boring Co. technology, pumping water or providing heavy-duty battery packs known as Tesla Powerwalls, the spokesman said. It's unclear whether Thai officials will accept the offer. Twelve boys and their coach, who had been missing since last month, were found by a pair of British cave divers late Monday. Efforts to rescue them are hampered by narrow passageways and rising waters in the cave system. Most of the boys cannot swim.
This kinds of crap is why Slashdot is seen as a cesspool these days. Resentful rage-nerds are no substitute for the intelligent people who once populated this site.
Or maybe he really thinks he can help?
If divers got in there, surely they can get some more divers in there with some more equipment, and then tow the kids out of there in spite of their lack of swimming ability?
"You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
Or maybe he really thinks he can help?
I'm still waiting for Al Gore to show up and warn them about Manbearpig.
The only thing necessary for evil to triumph is for it to be pitted against a slightly greater evil
I'd hate to be the guy having to decide how to get those kids out. No good options at the moment. I don't see how batteries would help, I'm sure they already have batteries and are apparently running power/communication to the boys location.
I wonder if there is a flexible pipe with a wide enough ID to pull these boys through. If they could snake such a pipe through the underwater sections, then pump out the water, it might be an option. I suppose that effort itself would be quite dangerous and take a lot of time to act on, if its even feasible to start with.
The site that portrayed Bill Gates as a Borg for years?
Slashdot is a cesspool these days because of corporate whores and bootlickers who are convinced that their billionaires couldn't possibly be as selfish and deceptive as those other, evil billionaires.
The problem here is that Thailand does not necessarily have the world's best cave rescue team, and has to accept charitable help. So, what can Elon Musk provide? 1) Lots and lots of money. Need equipment, it's going to be there. Need to fly a team from the US there, keep them housed and fed, and pay them? Done. 2) Influence. If there's only one expert or piece of equipment in the whole world, and you need it, Musk is a good person to make the connection and sign financial guarantees. 3) Expertise. They really have been drilling a tunnel through LA, and probably do have some equipment for precise location. Whether this works in a wet, natural cave is unknown.
Bruce Perens.
Then why not just help instead of Tweeting and then having his PR people contact the press about it?
What a horrible way of achieving publicity .... by helping people! What is the world coming to? This is how it starts ... start showing compassion (instead of saying "what's the profit for me") and the next thing you know the US will end up with universal heathcare or some such blasphemy.
Haha...after saying this he tails it like the fucking coward he is. Im no fan of his either. Whoever offers to help, be it for fame or whatever, who cares, lives are at stake here you moron!
is there some Thai Cave Soccer Division or it's just customary for children's soccer teams to go spelunking in underwater cave systems
LUL.
Musk is tweeting. He isn't doing shit. If he wanted to help he would have went there in person and offered assistance.
What makes you think he can just land there and help a government? There is protocol, numbnuts.
the detractors are more-than-likely hyper-capitalists trying to swing markets to gain off of short positions, or those who they have triggered to this this for them.
I really doubt that any "socialists" would complain about the very wealthy donating money for the public good...
Just sayin...
Can't; he hasn't finished the Arc Reactor to power his suit yet.
"could help by trying to locate the boys' precise location using Space Exploration Technologies or Boring Co. technology"
They found them days ago in that one chamber high above the flood water. How exactly will he help find their "precise" location?
Calling up your buddy at Bloomberg to run a fluff piece is part of that protocol?
The world must look awfully strange looking up at it while tonguing the soles of Elon's shoes.
I saw the only comments so far and as usual they are fuck Musk. Sorry, but I love the guy. This might be a press thing but who gives a fuck. If you are in a position to help with the top tech out there and offer help, then that is ABSOLUTELY GREAT. I hate these fucking socialist fucktards on here lately hating everything someone with money or tech does for others. It's not a bad thing if everyone is helped out in the end. Go screw yourselves instead assholes.
I wonder how many other people or organizations with resources are also offering help but not tweeting about it. The divers risking their lives to get in there don't appear to be tweeting about it.
Where does his Twitter account and PR department contacting Bloomberg fit into that protocol. Interesting that they chose an investment site to leak this to.
Just imagine everyone in this thread holding the exact opposite position if it were Trump tweeting and not actually doing anything instead of Elon.
My billionaire aristocrat can beat up your billionaire aristocrat!
The Musk haters are not socialists. They are proxies for the short-sellers. The short-sellers are capitalists, a particular ugly amoral kind, who wish not simply to profit from someone else's misfortune but to cause that misfortune by pushing the stock down with fabricated bad publicity.
Bruce Perens.
Documentary of the last time Musk sent his Boring company to help!
I want to be supportive of this, but if it's anything like his grandiose schemes to fix Puerto Rico's power problems, it's going to be a lot of talk and no action, or at best "a day late and a dollar short".
That is a very engaging story that you entirely made up to reconcile these thoughts with your worldview that Elon Musk is billionaire Jesus.
I am still waiting for the 35K car for the masses, and you are rescuing hospitals in Puerto Rico, power grids in southern australia, soccer teams lost in caves in thailand.... Come one Elon, rescue Tesla first. SeeekingAlpha.com and MarketInsider.com are killing it.
sed -e 's/Chuck Norris/Rajnikant/g' joke > fact
Comment removed based on user account deletion
More like a billionaire Genghis Khan than Jesus but don't let being poor make you bitter or anything.
Paid resentful rage actors. Their job is to manipulate social networks for the interest of whoever pays them, whether that is short-sellers, Russia, oil companies, gasoline car manufacturers, the list goes on. For decades there have been PR companies that do not only positive but negative publicity, with the advent of the Internet this just expanded to include paid trolls.
Bruce Perens.
It seems to me like an oilfield services company like Halliburton or Schlumberger -- folks with decades of experience drilling holes -- might have more to offer. But what the hell, once you get past the narcissism and apparently somewhat casual attitude toward the truth, Musk isn't stupid and his projects generally seem reasonably well planned and not prima facia crazed. And unlike some other narcissistic sociopaths one might mention, Musk actually does have some knowledge of technologies that might be useful.
You can't see ANYTHING from a car, You've got to get out of the goddamned contraption and walk...Edward Abbey
Maybe Trump can go to Thailand and throw some paper towels at the boys...
As far as Musk in Puerto Rico goes, the company is currently working on a staggering 11,000 projects in the area.
For decades there have been PR companies that do not only positive but negative publicity
So how much are they paying you?
THEN DONT CUME HERE ILLEGALLY
The US Navy is actually assisting. They aren't tweeting about it either.
Blaming Musk skeptics on short-sellers is not a good look. Cult-like, in fact. Short sellers aren't the ones making Musk a liar, he's done that all by himself.
Im a huge fan of Bruce Perens. He invented the BruceBox and its such a fantastic contribution.
Also fuck to GR SECURITY. Bruce Perens is the realest nicca.
Bill gates as Borg is due to the anticompetitive acts Microsoft committed at the turn of the Millenium. What's your beef with Elon? That he's a CEO who boasts about his own organizations? Every CEO does. It's their Job. That he took tax payer money to make electric cars or private space industry? The US political climate has been asking for more of those for years with CAFE standards and climate accords, taxes on carbon, etc... and with contracts at better rates than competitors provide in terms of access to space.
Fuck off if you are just jealous. Otherwise, state a real gripe.
the company is currently working on a staggering 11,000 projects in the area.
Stagger, verb: to falter or begin to give way
Seems accurate.
My "beef with Elon" is that he lies a lot to pump his stock and that an awful lot of tax dollars are spent inflating his ego.
Teslas that aren't delivered in Silicon Valley are loaded onto rail cars for trans-shipping right near where I live. I can tell you first-hand they are shipping what they said they'll produce. I was also at the Falcon Heavy launch and landing, and a Falcon 9 one at Vandenberg. The guy does what he says he will.
Bruce Perens.
No no no
Suckers Co
Rather than get on your high horse mister AC, try this on for size: If any product that Musk's companies have made can help to either save those children's lives, or get them out quicker and more safely then he should get them sent over. Playing your favourite game of Musk Hating (tm) is not for this situation. They're children. Their lives are in urgent danger. Take yourself outside and have a stern word with yourself
How much is "an awful lot"? Can you quantify that, and detail what exactly it was spent on?
It's a time-honored tradition for companies that ended up with a "Q" at the end of their symbol to have blamed the media and shorts for their declining stock price along the way. But in the end all that mattered is what the 10-Q/Ks said.
Having said that, the borrow rate is not flashing any serious warning signs yet, it's pretty low at sub-2% (and plenty of shares available). And the massive option premiums are inline with the extreme vol of the underlying.
However the really concerning thing is that the CDS probability blowing out to 40% is saying that the shorts are definitely right about the financial health/prospects of the company, and (ime) these usually resolve to default quicker than most anticipate:
https://twitter.com/Sunchartis...
Yes, tweeting something is now considered "leaking it to Blomberg".
What a wonderful mind you have ...
Well for one thing Tesla isn't making any profits.
Only the State obtains its revenue by coercion. - Murray Rothbard
$4.9 billion in subsidies as of three years ago, and still counting.
"Tesla Motors Inc., SolarCity Corp. and Space Exploration Technologies Corp., known as SpaceX, together have benefited from an estimated $4.9 billion in government support, according to data compiled by The Times. The figure underscores a common theme running through his emerging empire: a public-private financing model underpinning long-shot start-ups."
http://www.latimes.com/busines...
Solarcity is winding down now, by the way. He hid his ownership interest and then had Tesla shareholders bail him out by acquiring it. Now they are on the hook for Solarcity's billions in debt coming due in a few months.
Nor were they supposed to be making profits right now.
They're supposed to be profitable in Q3. Come back here then if they're not.
Why must all aquatic villains play the organ?
and how is that different than any other CEO?
he's super cereal
In the UK we have a long tradition rescue organisations being charitable supported and these are generally well supported financially by the public. The bulk of our lifeboats are provided a charity the RNLI, many reserve crews are volunteers. We have many volunteer Mountain, Inland water & Cave Rescue teams.
Really?
Being a company with stockholders you need to try and benefit from anything that could gain positive PR
So even if you really JUST want to help, you also need to be visible doing it. Because of the way the stockmarked works.
And for all you know, what if they did some initiatives without any PR. Would you know about it to complain?
Lighten up, this is not a bad thing.. for anyone.
sure dipweed, too bad you didn't bother to read to the 2nd definition
astonish or deeply shock.
"I was staggered to find it was six o'clock"
synonyms: amaze, astound, astonish, surprise, startle, stun, confound, dumbfound, stupefy, daze, take aback, leave open-mouthed, leave aghast;
They should incorporate in the Cook Islands for the Country code TLD
"Oh my God. This is terrible. This is the end of my Presidency. I'm fucked."; ~ Donald J. Trump
https://en.wikipedia.org/wiki/... Thunderbirds are Go!
No one is claiming that cars haven't been produced or that rockets haven't flown. The problem is with Musk's lies about volume and the amount of public funding he's squandered in the process, not to mention his self-dealing that's being uncovered now (SolarCity).
By the way there aren't loading Tesla's on rail at their Freemont factory (even though there is a rail hub onsite). For some incredulous reason they are loading them on trucks to be delivered to trains elsewhere. The least efficient way possible. Because Musk is a genius or something.
https://www.trainorders.com/di...
Sorry to hear your plan to get rich off bitcoin and shorting tesla stock failed. But you should stop hating on him, he isnt the reason you are momo peckered incel. Have you tried autoerotic asphyxiation? Use a zip tie instead of a rubber band on the bag to really maximize the thrill.
"Well for one thing Tesla isn't making any profits."
Then don't by Tesla stock!
After all, you didn't buy Amazon stock for the same reason when the price was 1/50th of the current one.
Oh go felate another oil company executive.
/.'s been a cesspool for years. Old news & rage nerds ruined it.
It was a joke at the expense of your poor choice in vocab you pedantic moron.
Taking everything someone says at face value is exactly why you schmucks keep getting fooled by Musk.
I suppose you'd like to see his companies advertise (they do not) rather than look for opportunities to earn a positive image. Interesting.
> That he's a CEO who boasts about his own organizations? Every CEO does. It's their Job.
Most kinda try, but very few are as good at it as Musk. Most companies don't trade at infinity times earnings, like Tesla does. Typical price to earnings ratio of a well-established, consistently successful company is 20-25 times earnings. Tesla's earnings are *negative*, but it's priced as the most successful car company ever, with billions in profits every year.
It's valued as the world's largest and most successful car company, while it's actually tiny, less than 1% of the market, and losing money fast.
Musk may be the very best hype man alive today, up there with PT Barnum.
Damn; aren't you a sorry-assed motherfucker... thanks for the entertainment. ;)
Why am I not surprised that neither of these options has yet been mentioned? Too intuitively obvious to the most casual observer?
There are two basic options now if time is of the essence (and I'm assuming they don't want to sustain this project until October if they don't have to). One is to sedate the kids enough to move them out safely, and the other is to use some kind of rescue capsule that they guide along the ropes.
The drilling option might be viable, but only if they can get the kids to a better location in the caves. The current location would probably take until October or longer for that approach.
No details that I've seen yet, but I'm pert' shure that Musk must be saying the same sorts of things.
Freedom = (Meaningful - Coerced) Choice != (Speech | Beer^2), and sad sock puppets' bad mods avail them naught.
... to be delivered to trains elsewhere.
Apparently it didn't occur to you that your elsewhere... might be where he lives.
Keep up the comedy. ;)
Teslas are shipped out of Point Richmond. There is a railroad switch yard right next to the factory, but you don't always get the price you want from your next-door neighbor.
Bruce Perens.
Is it illegal by administration? Twenty centuries ago, authorities claimed that Jesus was illegal. And Jesus did suffer from the claimability of them.
If we think that the "Coming of the Messiah" to U.S. is illegal then the Americans won't receive the Messiah, so they will be doomed religiously.
God, Jesus and children are the same family. In contrary, God can't bless America!!!
If the children are welcome then the Messiah is also welcome.
You do realize the first people to find the kids were actually British divers, right? And they've been getting support from China, Australia, and many other countries. And Thailand has been very public for that help.
The only thing necessary for evil to triumph is for it to be pitted against a slightly greater evil
It's simple, bore a long tunnel and drive them out in a Tesla Roadster and install a charging station along the way.
He should make it a Tesla subsidiary...
Tesla Sucks LTD or whatever.
Reading the comments on Slashdot, there would be a lot of people ready to invest in Tesla Sucks.
No action? And then 11k projects comment below. Example well done of these knee jerk Musk hate comments. WTF are you doing to help PR? Anywhere close to 11k projects? I know they are already running hospitals off of his battery tech and it saved them a large power outage already.
Are you being serious? Tesla is a publicly traded company, can't get any more capitalist than that. Musk is personally worth billions by capitalizing on the work of others. What's it like being numb to reality?
Use his big test noring device to drill down? Is the cave underwater with a pocket? Drilling in from the top would release the air and flood the cave before they could get out.
(-1: Post disagrees with my already-settled worldview) is not a valid mod option.
"...underpinning long-shot start-ups."
That is precisely what subsidies are for.
Subsidies reduce the investment cost (and thereby reduce the risk) of low-return investments that the legislature (or other subsidy-issuing authority) has determined are important for society to pursue.
You do not have a moral or legal right to do absolutely anything you want.
If it is just the start of the rainy season, do they have a time constraint?
They are in a small chamber with air surrounded by water.
What has the water level done in that pocket before?
Is there any local knowledge?
What have they seen in the last few days?
Is there anyway to look at the walls and ceiling to see if it stays dry or gets flooded?
Hopefully, they have the luxury of time to sort this out, but they may not.
How big of a bag of stuff can they haul in easily?
If they are able to haul bags of stuff in, perhaps they can haul a kid in a bag out?
(The reverse gold fish in a bag plan.)
Probably testable in a pool with some of the kid's friends.
Suddenly I see Reddit with a lot more respect...
Congrats to Elon not only for trying to do a Good Thing (TM), but also for being smart as a fox and profit the opportunity to advance his companies skills.
Not to mention that playing Thunderbirds' International Rescue for real is WAY too cool to pass the chance!!
I hope Thai people also seize the opportunity to acquire new techniques to address future similar problems, since they have such geographical features in their country.
After reading about the problem superficially, I too was intrigued about to solve this puzzle. I could only think about building a escape route with some rigid tube segments and bring outside the boys with a cable and an electric motor -- the trip would be quick if the tube can be ensured to be free of water. The device could carry food on the way back to the cave (pulled by another electric motor from the other end).
Or, supposing the cave is safe and not far from the surface, a narrow hole could be drilled thru the cave ceiling. Of course, that can be hard but boring people can do it.
They should focus on hitting their 5000 a week target, instead of fucking around half way across the planet on bullshit they know even less about than building cars.
> These are moon-shot companies that aren't focused on quarter-to-quarter profits
And there's nothing wrong with that. Here's simplified example of how you value a moonshot company:
Profitbc is the future profit in the best case, if they hit there moonshot.
Probabilitybc is the probability that they hit it.
Years is how long it will take
CurrentValue = Profitbc * Probabilitybc * ([1- (1+r )^-years / 2 ])
That last bit in parentheses is the adjustment for how long it takes. $1,000 twenty years from now isn't worth $1,000 today. That's complicated, though, so for now let's just consider the profit IF Tesla becomes the world's largest, most successful car company, and the likelihood of that happening.
Tesla's current stock valuation makes sense only if you assume a 100% probability that they'll make $20 billion / year. And you don't factor in time - you assume they'll be the world's biggest car company *tomorrow*. In other words, it assumes they will definitely be the most successful car company in history. That's quite a stretch, since they aren't even the most successful *electric* car company.
There's a difference between a moonshot saying "we're going to try to fly to the moon" vs "we've already established a permanent base on the moon, with 1,000 staff working there". Tesla is the former, the stock valuation pretends the latter.
Billionaire Elon Musk stars are billionaire Jeff Tracy, directing his sons' race to the rescue in Thunderbird 2 to deliver the Mole...
"Tesla has been by far the United States’ leader by collecting $2.4 billion in direct subsidies and over $1 billion in tax abatements since 2007. In addition, its SolarCity subsidiary picked up $1 billion in grants and tax abatements from the State of New York and another $497.5 million in U.S. Treasury Department cash grants."
You make a good point. They screwed the pooch on that one. They should have been more accurate and portrayed him as the Antichrist.
Guns don't kill people; Physics kills people! - John Lithgow as Dick Solomon on Third Rock From The Sun
Do you have any proof of this? I always thought that the whole paid shill thing was just a joke meme. It seems like if this was really a thing we would have more than unsubstantiated accusations to show for it.
Guns don't kill people; Physics kills people! - John Lithgow as Dick Solomon on Third Rock From The Sun
I have had PR firms offer me the service, while I've been a corporate officer.
Read the story here. The people who have bought shorts have billions at stake. They are very motivated to pay for this.
Bruce Perens.
Good luck to Musk, but this one was already solved by Team Scorpion. They drilled a passage from the beach to the cave.
Subsidies reduce the investment cost (and thereby reduce the risk) of low-return investments that the legislature (or other subsidy-issuing authority) has received bribes for or has determined will increase their power and likelihood of continued employment.
FTFY
Contribute to civilization: ari.aynrand.org/donate
I'm sure that your whining on the internet will help matters much more.
Do not hate the player, hate the game.
Gore was right on climate change and he invented the Internet. Is Al Gore going to have to choke a bitch?
$4.9 billion in subsidies as of three years ago, and still counting.
If you had bothered reading the article you linked to you would have seen that the subsidies break down as follows:
1. $750 million to build a solar plant, and $260 million in property tax breaks, on a project which New York state expects to generate 3,000 jobs and replace a Steel factory.
2. $497 million in tax credits for solar installation; a tax break available to ALL solar providers.
3. $1.5 billion in subsidies paid to solar consumers (ie. not paid to Elon or any of his companies).
4. $1.3 billion in undefined "incentives" to build a battery factory - probably also composed of tax-breaks intended to support an extremely profitable venture which will greatly benefit Nevada (later in the story they point out that Nevada expects to get back $100 billion in "economic impact").
5. $517 million from collecting "environmental credits" from competitors. This is not "taxpayer money".
6. $20 million in yet more undefined subsidies for a launch facility; again, a great deal for Texas given the profitability of SpaceX.
Now, the original claim was that "an awful lot of tax dollars are spent inflating his ego", and, to support this claim, you linked to a jumbled mass of programs totalling $4.9 billion. Out of that $4.9 billion, we can discount $1.5 immediately since it was given to consumers as part of a larger solar subsidy which has nothing to do with Elon. That leaves $3.4 billion. We can further subtract the $497 million given to Tesla because, again, these are programs available to (and used by) all solar providers. We are down to $2.9 billion.
We can also take out the $517 million taken from competitors because ... well, don't be stupid. Now we have $2.4 billion.
Of that $2.4 billion, $750 million is being used to construct a facility which the government will own. So that's about $1.6 billion left.
So the actual amount of money, according to your own source, which is being spent specifically to "inflate his ego" is about $1.6 billion ... and, again according to your own source, almost all of this money is composed of tax breaks rather than direct spending. Tax breaks which, according to the government, should stimulate the economy to the tune of $100 billion over 2 decades.
Quelle horreur.
submarine drones to carry the oxygen tanks
A former Navy SEAL died today, ran out of oxygen in the caves.
It was just reported that one of the rescuers died on the return trip after delivering oxygen. no simple solution to this one for sure.
"obvious troll is cool" - nobody ever
Like air, food and water.
Elon not boring a hole anytime soon. If divers can reach them then it keep them alive and remove them one by one if needed.
Not like the divers got in and out.
If all you ever do is "pump," and you never "dump," what is the problem? Your complaint is that he tries to make his company look good, or make the stock look like a good buy? You thought that was bad? What?
You don't seem to understand the situations where the word "pump" is used in relation to securities.
But surely even you can comprehend that they're making a whole boatload of revenue, with a pretty normal business model that leads to big profits after they stop making huge capital investments to build factories... right?
I always thought that the whole paid shill thing was just a joke meme.
Others things to look into now that you've made it to the surface: fresh-baked pizza, real flowers, and sunshine.
Shut the fuck up you ignorant douchebag.
Oh yes we're sending our love.. waaaaay way down that hole.
Even you can comprehend that there are other costs apart from building plant & equipment, and it's by no means a given that revenue is sufficient to cover those ... right?
Confucius say, "Find worm in apple - bad. Find half a worm - worse."
But surely even you can comprehend that they're making a whole boatload of revenue, with a pretty normal business model that leads to big profits after they stop making huge capital investments to build factories... right?
Capital investments like building factories don't come out of profit, except indirectly through depreciation.
What huge capital investments do is cause cash flow issues. So you have to borrow money to keep your cashflow positive. The question is whether future profits will eventually cover this.
To have a right to do a thing is not at all the same as to be right in doing it
"...underpinning long-shot start-ups."
That is precisely what subsidies are for.
Subsidies reduce the investment cost (and thereby reduce the risk) of low-return investments that the legislature (or other subsidy-issuing authority) has determined are important for society to pursue.
This would be fine if any investments that pay off didn't become risk-free cashcows for the private owner with no return for the government.
To have a right to do a thing is not at all the same as to be right in doing it
$4.9 billion in subsidies as of three years ago, and still counting.
If you had bothered reading the article you linked to you would have seen that the subsidies break down as follows:
1. $750 million to build a solar plant, and $260 million in property tax breaks, on a project which New York state expects to generate 3,000 jobs and replace a Steel factory. 2. $497 million in tax credits for solar installation; a tax break available to ALL solar providers. 3. $1.5 billion in subsidies paid to solar consumers (ie. not paid to Elon or any of his companies). 4. $1.3 billion in undefined "incentives" to build a battery factory - probably also composed of tax-breaks intended to support an extremely profitable venture which will greatly benefit Nevada (later in the story they point out that Nevada expects to get back $100 billion in "economic impact"). 5. $517 million from collecting "environmental credits" from competitors. This is not "taxpayer money". 6. $20 million in yet more undefined subsidies for a launch facility; again, a great deal for Texas given the profitability of SpaceX.
Now, the original claim was that "an awful lot of tax dollars are spent inflating his ego", and, to support this claim, you linked to a jumbled mass of programs totalling $4.9 billion. Out of that $4.9 billion, we can discount $1.5 immediately since it was given to consumers as part of a larger solar subsidy which has nothing to do with Elon. That leaves $3.4 billion. We can further subtract the $497 million given to Tesla because, again, these are programs available to (and used by) all solar providers. We are down to $2.9 billion.
We can also take out the $517 million taken from competitors because ... well, don't be stupid. Now we have $2.4 billion.
Of that $2.4 billion, $750 million is being used to construct a facility which the government will own. So that's about $1.6 billion left.
So the actual amount of money, according to your own source, which is being spent specifically to "inflate his ego" is about $1.6 billion ... and, again according to your own source, almost all of this money is composed of tax breaks rather than direct spending. Tax breaks which, according to the government, should stimulate the economy to the tune of $100 billion over 2 decades.
Quelle horreur.
But the underlying point is that, even if in net terms he received 0 dollars, he is still being funded by the taxpayer to create a large and diverse business empire risk-free, and with the prospect of one of the longshots coming off and making him a zillionaire.
To have a right to do a thing is not at all the same as to be right in doing it
You're just jelly because you didnt think of it first. Or maybe lack some other ability to pull this off.
Lucky that isn't the case then isn't it.
LOL. Give me a break. You sound like Musk. Slashdot doesn't have enough readers for PR.
But the underlying point is that, even if in net terms he received 0 dollars, he is still being funded by the taxpayer to create a large and diverse business empire risk-free, and with the prospect of one of the longshots coming off and making him a zillionaire.
Okay, so I've mainly been lurking on the Elon Love/Hate flame wars, but this is just too much. You seriously just tried to describe Elon's business model as "risk-free"... OK.
-=Lothsahn=-
If you had read the article you would see he was approached and asked if he could do something, he didn't just hop up and say I can do it.
Train0987 seems absolutely desperate to trumpet his hatred of Elon by misrepresenting the facts of the situation and karma whorig. Shameless.
Just like you claimed they would have sold a $35000 model 3 by January.
Or maybe lack some other ability to pull this off.
Money is the only thing that any other person lacks to pull this off.
NASA's Rescue Expertise Is Needed Again - In Thailand http://nasawatch.com/archives/...
Homer Hickam, author of "October Sky" (Rocket Boys), showed this item his dad invented in 1948, https://uploads.disquscdn.com/...
mfwright@batnet.com
Let's just start calling him that so we can just get it out in the open from the get-go what you fanboys really think.
...Tony Stark on the job, those kids are as good as out of that cave...
Huh?
Why must all aquatic villains play the organ?
Musk can offer to get out of the way, and stay out of the way.
Elon, I love you and you are amazing. So why are you turning into such an attention whore? Stick to your knitting; a bunch of scared and wet Thai teenagers do not need your "help". And if they do the Thai government will ask.
When those Mexican miners needed help they got it. From actual rig drillers, the kind with relevant skills, expertise, and equipment. That Thai soccer team probably needs expert cavers. What is Musk bringing to the party, a rocket? Perhaps an electric car? Suppose he thinks he can use PayPal to fund a flashmob who will stand around and cheer? I know, he's going to build a Hyperloop tube from Bangkok to this cave, at a cost of billions of dollars and an expected completion date of 7 years from now.
This situation doesn't concern you and you are just distracting the adults who are doing their work. Bugger off and let the grown-ups get on with it!
Capital investments like building factories don't come out of profit, except indirectly through depreciation.
I didn't say that, though. So backspace through whatever you typed, figure out what was said first, then after that type out some words if you need to spew.
You don't think the same services exist to pump a stock? Promotion services are exponentially more avaialble than stock hating services. In fact there's more of a financial incentive to pump than to short. There are unlimited gains to be had from a stock rising but the best a short can do is double their money and that's only if the stock drops all the way to zero (with potentially unlimited losses if the stock increases). The folks blaming the short boogey man have no clue how markets work. Their susceptibility to that is direct evidence of their general ignorance and why they are targeted by these get rich quick stock schemes in the first place.
I suspect that the Thai govt has this under control, but I’m happy to help if there is a way to do so
— Elon Musk (@elonmusk) July 4, 2018"
He was asked.
As I said before, I don't particularly care for the guy, but lets not fall for someones inflammatory story hook-line and sinker.
Nothing of the sort happened. Some third party asked if he was going to help. He simply made a response that was respectful, and essentially said "Sure, but I don't think they need my help". You're all over this thread with the hatefap though.
If you pump your own company's stock, or a stock you own, with false information, you run a pretty big risk with the SEC. In contrast, tracking down and prosecuting a short-seller for similar manipulation generally takes a civil suit by the company and is difficult and expensive for them to pursue.
Take, for example, the people who say that SpaceX profits from public subsidies. If you look into it, you will find that SpaceX gets paid to lift a satellite to space, at a lower cost than its competitor, and they are charging the government for the ride. In contrast, their competitor ULA has been getting a real public subsidy, a one Billion dollar per year fee simply to "maintain readiness" to launch military payloads, rather than a fee per ride.
Bruce Perens.
Heard on the news that Musk's idea is to thread a plastic, 1-meter diameter tube through the flooded areas, then blow it up like "a bouncy house" to evacuate the water and create a 1 meter diameter tunnel for the kids to crawl out through. Sounds good to me. Wonder if he's got some way of manufacturing a 1 meter tough but flexible plastic tube hundreds of yards long. Hopefully.
In addition to a fee per ride.
"'Tis great confidence in a friend to tell him your faults, greater to tell him his." --Poor Richard's Almanac
Consider I've actually gone there post-hurricane and spent money infusing the local economy, I can claim to have done something to help. Many places still weren't accepting credit cards, and functioning ATMs were non-existent outside the CBD of San Juan, so simply showing up with a pile of cash from the mainland and leaving with an empty wallet does a lot.
I will say that Musk sounds like he has done more for PR than FEMA though: everyone there bitched that all those guys did was take up hotel rooms in the tourist areas so they could drive 3+ hours each way every day to where the actual problems were. They took up rooms but didn't spend any money at the local businesses. If it weren't for the cruise ships and the few tourists who could afford the inflated room prices, places would have had to close.
Yes, you're right. And they still charge much more for the ride than SpaceX.
Bruce Perens.
He's just trying to help. They should accept all the help the can get and not shame him for past faults
And yet if they spent a percent of a percent of that on things that poor people use you'd be frothing at the mouth about big gubmint.
Confucius say, "Find worm in apple - bad. Find half a worm - worse."
Ivan has been slang for a Russian, or Russians collectively, since WW2 at least. GIYF.
Confucius say, "Find worm in apple - bad. Find half a worm - worse."
If the boys are too scared or weak to swim/SCUBA, or if there is the element of panic possibly hampering the ability to follow directions, can they be put in a small watertight capsule (with air supply, of course) and towed out? The swimming/SCUBA idea does seems impossibly risky because water flow or rocky obstacles could easily displace their mask/regulator and it would just be asking too much for them to be able to get it all in place and cleared in cramped, dark, cold, turbulent conditions. I know how to swim and SCUBA, and have even been cave diving, but just the thought of such a swim is terrifying. It might be tolerable for 10 minutes, but keeping it together for hours is too much.
Latest tweet is talking about escape pods, which I think is a lot more feasible. A combination might be better with the tubes in the narrow places to make sure the pods don't get stuck. Then you don't need miles of them.
A watertight (flexible) pod that restricts the movement of the kids enough to prevent panic to lead to issues seems to me the best option to 'transport' the kids through.
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The Blow Company.
I realize that you're functionally retarded, but even you have got to be aware that total spending on "thing poor people use" is well over a trillion dollars annually. So I gotta ask; why are you being a disingenuous cunt?
They just walked in; the cave is a popular spelunking spot with well-established trails and not particularly challenging when dry.
The cave normally floods from July to November. June 26 when they went in is late in the safe window but normally okay. The rains came early.
Nothing is risk-free, that's obvious. The real question is about who's bearing the risk.
Confucius say, "Find worm in apple - bad. Find half a worm - worse."