his last salary was in 2019 because California has laws where employees need to earn minimum wage, CEOs included. It's all stocks, loans and government grants.
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Elon Musk Wants Apple to Lower Fees for 'X' Creators
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There have been rumors of a "Tesla phone" for a few years but if the X app were to be pulled from the App Store and Google Play store (which seems unlikely), creating a new phone really shouldn't be necessary as sideloading and alternative app stores are allowed on Android anyway and restrictions on iOS are expected to start being lifted soon too. If the X app is going to be that desirable, people will likely find a way to get it on their device.
I'm well aware of Apple's fees and I'm 100% side with Apple on dictating terms of the OS. Sideloading should never be enforced and Apple can charge 50% if they wanted.
However, it doesn't make financial sense for Apple to be making more money than what the content platform owner makes from a creator.
If a creator charges $10 to customers, Apple takes $3 and the content platform takes $1.50. How does this make business sense to anyone? This is the reason why Patreon and Wordpress don't include IAP.
If Apple wanted more profits, they'd take 30% of the $1.50, not the $10. Happy creators, happier content platform owners, and happier Apple shareholders because platforms like Patreon and Wordpress would include IAP.
What? Musk is literally going against shareholder advice of running major TV ads and instead eating its own margins to lower prices: "We've taken the view that pushing for higher volumes and a larger fleet is the right choice here versus a lower volume and higher margin". It's Tesla's view to be able to sell cars at zero profit and make it up via software.
Tesla Can Sell EVs For Zero Profit In Push For Higher Volume: Musk
Musk did reassure investors that Tesla's margins remain among the healthiest in the industry, even after multiple rounds of price cuts this year.
insideevs.com
Sorry, but your take is just blatantly wrong.
User's choice. They never forced FSD onto the user. And if you've ever used FSD beta, you know FSD is going to be real, unlike Theranos.
Twitter/X has an ad revenue sharing program for "eligible creators" (Blue subscriber, at least 15 million impressions on cumulative posts within last three months, etc.) but you need to have A LOT of followers and activity on your account to make any kind of meaningful money.
Current setup:
Content creator charges $10
Content platform like Patreon takes $1.50
Apple takes $3
Apple takes more than content platform fees.
Elon setup:
Content creator charges $10
Patreon takes $1.50
Apple takes $0.45
Patreon/Wordpress is now glad to include IAP in their iOS app vs not including it currently which in turn opens up a large revenue stream for Apple.
Seems sound to me. If you think it's not, well that says a lot.
No, that's nonsensical. Why would Elon give Tesla shares to X content creators? The literal words were "How about lowering down his own yearly salary". Even if he was making $10 million/year from Tesla, it still wouldn't make sense to use that to fund X creators.
Unlikely. Full self driving vehicles are a cool idea but in practical application they’re too unreliable to trust with human lives.
And again, the assumption that content creators will stick with Twitter is unfounded. At the moment they’re abandoning the platform at a furious rate.
It's not that they should or want. They have no option but to put X on the store so they cannot be credited for extra traffic because of that reason. It's the rules they have to follow. But they can be credited for promoting Twitter when it was during its infancy on the frontpage.
What makes you think FSD is “going“ to be real?? He was still in the training stage before he fired everyone. He’s selling something he’s not even improving in any meaningful way. What Musk is doing is no different from what Elizabeth did. She wanted her product to be real, but it wasn’t. Musk wants FSD to be real, but it isn’t. And when he says things like, Tesla is more advanced than anyone else, he’s wrong. Other’s actually do have driverless taxis right now. Musk does not, nor is he in a leading position. What Musk does, constantly, is make baseless claims. Claims and expectations are not fact. Hence why he’s been wrong about his estimates for 8 years running. And he will continue to be wrong For the foreseeable future. Head of FSD AI quit. Musk fired those training the system. He was still TRAINING. He’s no where. He’s literally in last place, not first.I'm well aware of Apple's fees and I'm 100% side with Apple on dictating terms of the OS. Sideloading should never be enforced and Apple can charge 50% if they wanted.
However, it doesn't make financial sense for Apple to be making more money than what the content platform owner makes from a creator.
If a creator charges $10 to customers, Apple takes $3 and the content platform takes $1.50. How does this make business sense to anyone? This is the reason why Patreon and Wordpress don't include IAP.
If Apple wanted more profits, they'd take 30% of the $1.50, not the $10. Happy creators, happier content platform owners, and happier Apple shareholders because platforms like Patreon and Wordpress would include IAP.
What? Musk is literally going against shareholder advice of running major TV ads and instead eating its own margins to lower prices: "We've taken the view that pushing for higher volumes and a larger fleet is the right choice here versus a lower volume and higher margin". It's Tesla's view to be able to sell cars at zero profit and make it up via software.
Tesla Can Sell EVs For Zero Profit In Push For Higher Volume: Musk
Musk did reassure investors that Tesla's margins remain among the healthiest in the industry, even after multiple rounds of price cuts this year.
Sorry, but your take is just blatantly wrong.
User's choice. They never forced FSD onto the user. And if you've ever used FSD beta, you know FSD is going to be real, unlike Theranos.
You can choose to believe Musk, or you can open your eyes an objectively judge based on the facts available. He is at level two, maybe. Others are at four. Therefore is NOT leading. Not even close to leading.
Now, Apple’s fees are known. If they don’t fit his desired structure, guess what he should do… Restructure. Gosh, I could sell coal so much cheaper if after I dig it up, I don’t have to fix the land I just destroyed. You know, I could keep more of what I make if I didn’t have to pay to throw my garbage out. So I am cancel my garbage collection and just throw my garbage out the window. The city should pick it up. why this garbage tax? It is what it is. Musk doesn’t make the rules at Apple. Apple does. If he doesn’t like those rules, he can Leave. He can make the case that an iPhone without Twitter, er, a.. X will not be as popular as an Android phone with X. That’s up to them.
Musk is now running ads for cars where previously he wasn’t because the market has evolved and grown. If your competition is running ads, and you are not, it might not end well for you. But, hey, he can adverise all day long on Twitter, et a X for free. Well, free as in making those billion dollar a year interest payments.
What a genius. If I bought a company, I’d buy one that makes money. Buying a company that makes less money that it costs to operate isn’t three-dimensional chess. It’s delusional checkers.
Gimme a break. Musk is asking for this because he’s lost so much traffic due to his irrational business decisions.
It’s a bit of a desperate play. How many people you think would ditch their iPhone just to keep using X?
I don’t think Apple will budge.
Highest engagement says otherwise.
don't need to ditch iPhone to keep using X.
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What I assumed they were inferring was that with all of his salary (compensation) from Tesla, why doesn’t Musk use some of that money to come up with a better paying ad revenue sharing program on Twitter/X instead of trying to get another company (Apple) to change its policies to allow Twitter/X creators to make/save more money.
However, my real main point in the earlier reply was that even though Musk may not get a "salary" from Tesla, he has been significantly compensated via the tens of billions of dollars in bonuses.
If Apple really wanted the X app removed from their App Store, they could presumably create updated (and legal) rules/guidelines that would make the X app ineligible (assuming X Corp doesn't eventually end up violating existing rules on its own). Again, not that Apple should or would want to do that.
That's a farcry of what OP originally said but that is still nonsensical that Elon should personally finance it as that would be unsustainable long term.
Completely irrelevant and off topic.
X would comply with the rules. There's no practical way Apple could update the terms that suddenly prevents X from functioning with its core user features. If they did, X would easily win a lawsuit.
What happened? Social media happened. Our politics wasn't nearly as toxic before social media opened the floodgates of 24/7 negativity and divisiveness. Teen suicide has more than doubled since Instagram launched. Social media has enflamed our worst instincts and emotions. It has reduced every conversation to a binary choice. Us vs. Them.
What I don't understand is why people continue to voluntarily use these horrible social media services that are clearly destroying the fabric of our society. Everyone complains about social media...yet no one just deletes their account and steps away. Every time you use Facebook or Insta or X or whatever, you make the world worse and enrich people who don't have society's best interests at heart.
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it’s because lots of people are addicted.
I don't disagree with your take on social media, but I don't think it's as simple as that.
I'd argue that professional sports have also contributed to getting us to this point of binary, fandom-based discourse.
Even just the blind loyalty/optimism that some have for their favorite platforms/companies/people seems to be 1:1 to the blind loyalty/optimism that some have for their favorite teams/players, despite the multitude of variables that could influence any single entity's overall success.
~"This is our year!" ~"Kirk Cousins IS elite!" ~"The Mets are still trying to win in '24!"
Except Apple doesn't charge money between themselves and creators (there's no such path), nor between X and creators (which they're not involved in).
I’m not demonising the creators of Onlyfans. I just assume they use Twitter to attract traffic. But the actual money is made at Onlyfans, not Twitter.