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Boring Co. took billions of funding to solve transportation and it built a 2 mile test tunnel in Las Vegas and spent the rest of its money on God knows what. N
by 3cats-in-a-coat 3y ago
Boring Co. took billions of funding to solve transportation and it built a 2 mile test tunnel in Las Vegas and spent the rest of its money on God knows what.
NeuraLink has made 0 revenue, it's all investor cash.
xAI is tied to X and relies on investors' cash including Musk's own, as well.
SpaceX survives on huge NASA contracts, which it occasionally bombs (literally), such as the Starship, which should've been operational by now.
Tesla has cut prices like a dozen times this year to maintain demand, and all their profit last quarter was FROM SELLING CRYPTO. Their revenue crucially depends on overinflated self-reported EPA range (carbon credits) and subsidies from the govt.
So yeah, what is this "financial stability" you see, I don't know. He doesn't have a single company that has a normal, stable business model. It's all hype, memes, and subsidies. The man built the biggest house of cards the world has seen.
The reason he can't handle X is because big advertisers are smarter than retail investors who eat up anything he says, like he'd have billions of robotaxies and trillions of Optimus bots covering the Milky Way, or whatever is the latest grift.
- nomel 3y agoThe SpaceX and Telsa comparisons need to be made against the competition/alternatives, rather than in a vacuum.
- 3cats-in-a-coat 3y agoIt's hard to compare SpaceX to competitors, because despite it has competitors, they're all structured wildly differently, and overlap between products and services is partial. Tesla however... doesn't look good. And I know you'll start listing EV carmakers but that's not who Tesla is competing with. It's competing with carmakers in general. Even then BYD is eating its lunch in China and increasingly Europe. And because demand for EVs is cooling in general, hence the price cuts, and Tesla is completely unprepared for backlash to EVs as it has no other products, if people stop buying EVs, Tesla is dead in the water. While the likes of Toyota, Mercedes-Benz, Volkswagen, Ford etc. and will be just fine.