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It's really easy to promise things you have no intent of doing, raising capital, and then liquidating the shares you own at inflated value to sponsor even more
by talldayo 2y ago
It's really easy to promise things you have no intent of doing, raising capital, and then liquidating the shares you own at inflated value to sponsor even more insane moonshot ideas. If you're smart you can even shoehorn in a few government subsidies predicated on a product category you abandoned behind closed doors.
Between FSD, the $25,000 EV and uh... X, I'm getting pretty convinced that publicly recognized success isn't the goal anymore.
- atleastoptimal 2y agoIf it were so easy then why doesn't every billionaire/CEO do it? Elon's companies are vastly outcompeting in their specific domains (Tesla for electric cars, SpaceX for space, satellite internet), despite the many failures on the way.
- bdangubic 2y agoit is also not easy to become POTUS but someone like Donald pulled it off twice :)
- austin-cheney 2y agoAre they? I don’t think there is any evidence of that. https://companiesmarketcap.com/automakers/largest-automakers-by-revenue/ https://companiesmarketcap.com/automakers/largest-automakers... When looking at revenue there is no magic there for any of these companies. It’s just about fundraising.
- talldayo 2y agoIt can't be that hard, Theranos and Enron figured it out too.