It's the Halo Effect fallacy to think competence in one field automatically translates to another. Especially when the founder in question has displayed increasingly erratic behavior in the meantime.
Is today's Elon capable of doing what Elon from 15 years ago did at Tesla? I don't think that is necessarily in evidence, much less in a very different industry.
> It's the Halo Effect fallacy to think competence in one field automatically translates to another
I didn't say it was. I was responding the notion that Musk blundered into success at Tesla and SpaceX.
Rolls-Royce (of the last century) would qualify, but it was more aero than space.
Look, I don't know if Elon is a genius or an opportunistic parasite with really good PR. It seems unlikely if we ever will know that. What I object to is people pointing at his ultimate financial success and crediting him with the current result of 2 big companies whose future is very much not determined.
When I look at his process from this ant's perspective, I think he is an abusive unstable individual who takes credit for everyone's work and lies a lot. He also flip-flops depending on the wind. Is that success? Not based on my personal values. Have his companies accomplished a lot? Some of them, absolutely.
The definitions and evidence matter a lot, and I personally don't think any of us are qualified to make blanket statements based on incomplete outcomes. Further, I don't think his other companies that require primarily good engineering are very relevant to inherently people problems, like Twitter. My evaluation of how Musk handles people problems is that he is very bad at them, and I anchor my prediction about his Twitter leadership based on that.
Yes. Social media is easier.
> It's the Halo Effect fallacy to think competence in one field automatically translates to another.
This is precisely about leveraging the Halo Effect fallacy. Elon Musk might not know social media, but the markets don't know that, nor do they care. The average retail trader sees "Elon Musk's company" and buys and holds, regardless of absurd PEs.
Musk knows the power his brand has. He's simply going to use that to pump up Twitter's valuation, all through the virtue of his "halo"
BTW I am a fan of your work.
Tesla, to this day but especially early, had the govt subsidize their products to help make them more competitive.
I don’t think those are even a bad thing, but it isn’t a supportive argument that he’s a great free market capitalist.