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The market cap at the time was under $50 billion and Tesla was bleeding money, a structured bankruptcy seemed like a real possibility at the time (before the FS
by sethd 5y ago
The market cap at the time was under $50 billion and Tesla was bleeding money, a structured bankruptcy seemed like a real possibility at the time (before the FSD fraud raise).
- hogFeast 5y agoYep, I agree (I was short the stock). But the question is whether lying about FSD was a big part of the raise? I don't think it was, back then everyone assumed he was full of shit because he talked literal nonsense almost constantly (the number of topics on which he is a self-appointed expert is quite extraordinary). When the market cap is $1tn, that nonsense was behind the price.