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SpaceX is not where most of his valuation comes from: it principally comes from Tesla stock, which is vastly, hilariously overvalued compared to it's performanc
by XorNot 2y ago
SpaceX is not where most of his valuation comes from: it principally comes from Tesla stock, which is vastly, hilariously overvalued compared to it's performance as a car company, and definitely compared to it's performance as a technology company.
Even more importantly, analysis of Elon's tweeting patterns versus Tesla stock valuation makes the why Twitter became so central to him obvious[1] - it was a massive driver of Tesla stock value. Buying it was a good move from the perspective that he really couldn't afford to be banned from Twitter.
[1] https://www.sciencepublishinggroup.com/article/10.11648/j.ijdsa.20210701.14 https://www.sciencepublishinggroup.com/article/10.11648/j.ij...
- boxed 2y ago> Buying [twitter] was a good move from the perspective that he really couldn't afford to be banned from Twitter. Another good move would have been to not be an ass. I mean, if he really did care about the stock price like this thread implies. Being seen as a genius entrepreneur doesn't imply you should also be a racist conspiracy theory nut. I'll repeat it again: the thesis that he's doing all these things due to competency is absurd. Never attribute to competence what can be sufficiently explained by stupidity. He's doing these things because he's lost his marbles. Trying to make it out like he's doing it for reasonable reasons is like trying to claim Trump is playing 5-D chess. It's the same as Q-anon logic. It just falls flat against Occams Razor.