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Musk welcomes global recession: ‘it’s been raining money on fools for too long’

13 points by sorokod 4y ago

mw888 4y ago
Didn’t Elon Musk become the richest man in the world during this stock rally? Didn’t he also cash out big time? Am I off base calling Tesla a quasi-meme stock?
- irthomasthomas 4y ago
  I know. Musk could not have pulled off this stunt without that massive QE in 2020. If not for that TSLA would be at 200 ish? Anyway, who was the main driver of that QE program? I'm not American, so I'm asking sincerely. What would China do? Take over the company and run it for the good of the people? I'm not a fan of communism, but I wouldn't mind seeing $TSLA nationalised to repay the QE debt.
  - mw888 4y ago
    Our Federal Reserve has that authority, but as far as I know Tesla was not a target of direct QE, rather, inexperienced traders invested their money in the stock because they wanted to invest and it’s a household name.
goncaloo 4y ago
Of course he will say that now, Tesla has already profited from the insane stock rally in the last few years.
- vinyl7 4y ago
  He's been saying that TSLA is overvalued for a long time now. Of course he took advantage of it...he would be dumb not to (everyone else is cashing in on the overvaluations of everything). He can still admit that it's stupid.
bediger4000 4y ago
Cheaper labor, too! It's great all around! Except for the laborers. Who are the vast bulk of the population.
Group_B 4y ago
If only Elon would shut up. Would’ve been so much more likable if he never joined Twitter.
- warning26 4y ago
  Exactly! Can’t he just go back to being the cool rockets and electric cars guy? I don’t think Musk gets how much damage he’s doing to not only his personal brand but also those of his companies.
- sorokod 4y ago
  Nothing prevents you from considering him likable, cool and caring. You can even imagine that you are on first-name basis with him.
  - netizen-936824 4y ago
    First name basis? Its his name. Or are you demanding fealty to the great Mr. Musk?
  - LinuxBender 4y ago
    I assume/presume this with all public figures. I email and call all of them. Some of them even reply and not their assistant. It's a rare treat and a fun practice.
- karmakaze 4y ago
  Like him or not he speaks the truth on this one.
jleyank 4y ago
I would think a global downturn would hurt Tesla sales, as they are relatively pricey as cars. Or is he done with Tesla now?
- mytailorisrich 4y ago
  Tesla is a relatively small car manufacturer at a time when EVs are replacing ICE cars. I think they'll continue to grow year on year irrespective of any downturn and that's why he is not too worried.
Shadonototra 4y ago
i hope one day, farmers all over the world would protest and keep production for their own surroundings we'd value things differently that billionaire crypto exchange dude? "go starve elsewhere, you useless piece of shit!"

13 points by sorokod 4y ago

Didn’t Elon Musk become the richest man in the world during this stock rally? Didn’t he also cash out big time? Am I off base calling Tesla a quasi-meme stock?

irthomasthomas 4y ago
I know. Musk could not have pulled off this stunt without that massive QE in 2020. If not for that TSLA would be at 200 ish? Anyway, who was the main driver of that QE program? I'm not American, so I'm asking sincerely. What would China do? Take over the company and run it for the good of the people? I'm not a fan of communism, but I wouldn't mind seeing $TSLA nationalised to repay the QE debt.
- mw888 4y ago
  Our Federal Reserve has that authority, but as far as I know Tesla was not a target of direct QE, rather, inexperienced traders invested their money in the stock because they wanted to invest and it’s a household name.

goncaloo 4y ago

Of course he will say that now, Tesla has already profited from the insane stock rally in the last few years.

vinyl7 4y ago
He's been saying that TSLA is overvalued for a long time now. Of course he took advantage of it...he would be dumb not to (everyone else is cashing in on the overvaluations of everything). He can still admit that it's stupid.

bediger4000 4y ago

Cheaper labor, too! It's great all around! Except for the laborers. Who are the vast bulk of the population.

Group_B 4y ago

If only Elon would shut up. Would’ve been so much more likable if he never joined Twitter.

warning26 4y ago
Exactly! Can’t he just go back to being the cool rockets and electric cars guy? I don’t think Musk gets how much damage he’s doing to not only his personal brand but also those of his companies.
sorokod 4y ago
Nothing prevents you from considering him likable, cool and caring. You can even imagine that you are on first-name basis with him.
- netizen-936824 4y ago
  First name basis? Its his name. Or are you demanding fealty to the great Mr. Musk?
- LinuxBender 4y ago
  I assume/presume this with all public figures. I email and call all of them. Some of them even reply and not their assistant. It's a rare treat and a fun practice.
karmakaze 4y ago
Like him or not he speaks the truth on this one.

jleyank 4y ago

I would think a global downturn would hurt Tesla sales, as they are relatively pricey as cars. Or is he done with Tesla now?

mytailorisrich 4y ago
Tesla is a relatively small car manufacturer at a time when EVs are replacing ICE cars. I think they'll continue to grow year on year irrespective of any downturn and that's why he is not too worried.

Shadonototra 4y ago

i hope one day, farmers all over the world would protest and keep production for their own surroundings we'd value things differently that billionaire crypto exchange dude? "go starve elsewhere, you useless piece of shit!"