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Indeed, which also begs the question; How much of that growth is driven by the over-valuation? Particularly as Musk is no stranger to using creative accounting
by freeflight 4y ago
Indeed, which also begs the question; How much of that growth is driven by the over-valuation?
Particularly as Musk is no stranger to using creative accounting techniques, and sheer speculation, to make his companies suddenly look more profitable [0]
There's also him leveraging his other companies to create growth among each other. Like Starlink being a major customer for SpaceX.
Which could either be really smart, or the making of a really impressive house of cards.
[0] https://www.cnbc.com/2021/04/26/teslas-bitcoin-speculation-helped-boost-profits-this-quarter.html https://www.cnbc.com/2021/04/26/teslas-bitcoin-speculation-h...