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In response to
"And if they did that, you’d be howling about how they misled investors by stating that they wouldn’t need to access the capital markets this year. -- (edited)"
by
znufrii
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If the skeptical point is Tesla is a money-dump, maybe him doing money-dump things is proof?
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People (Musk counts as one) should get criticized for mistakes.
* He made a mistake in saying they didn't need more money.
* He made a mistake in picking this way to try to get more money.
* He made a mistake in losing credibility.
* He protected his family's interests in a strong stock price.
3 of those 4 are mistakes.
Vs
* He made a mistake in saying they didn't need more money.
* He made a mistake in losing credibility.
* He made the best long term call for the company by issuing new stock and protecting his supply chain partners.
2 of 3 are mistakes.
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Basic best practices is not to double-down on mistakes. If someone does that, it's imperative to understand why -- because there is clearly an issue in play. Either they aren't competent in decision-making, or their interests aren't shared with your interests.
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