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Cake day: June 21st, 2023

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  • Dave@lemmy.worldtomemes@lemmy.worldThanks, now I'm blind!
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    20 days ago

    I mean, 1 in 5 is a lot, just to be perfectly clear, so anything even approaching that is a pretty bad. When I was growing up, the number of cars inappropriately using high beams in city traffic was basically zero, so this is a massive regression.

    You can tell that a car is using high beams because their light fixture appears fully and evenly lit from eye level. Low-beam headlights look “half full” from an opposing driver’s view. You can also tell because many lower-end cars have a separate housing just for the high beam that only light up when the high beam is on.



  • I think they’re going to give him newly-issued stock, not cash. However, the newly issued stock will not be backed by new capital (i.e. nobody would have given the company money in exchange for the stock), so what will happen is that existing shares will have their values diluted, i.e. they will be worth less.

    In other words, shareholders will pay for Elon’s compensation by devaluing their investments, and not by drawing money out of Tesla’s coffers.

    $56B is roughly 10% of Tesla’s market cap of $581B, so shares should be devalued by about that same rate.