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That's the funny thing here. In case of Musk, if those protests work and as you say 'the jig is up', he can go from the richest man on earth to bankrupt in a s
by TheAlchemist 2y ago
That's the funny thing here.
In case of Musk, if those protests work and as you say 'the jig is up', he can go from the richest man on earth to bankrupt in a space of months.
He is very 'cash poor' and has pledged a lot of Tesla shares as collateral to fund his other businesses.
If Tesla is priced as an automaker (shares would be in the ±10-20$), Musk will be bankrupt.
- dgfitz 2y ago> Musk will be bankrupt. Then what? “We win” somehow? Nailed it? Who cares?
- outer_web 2y ago[flagged]
- EnergyAmy 2y ago[flagged]
- _bin_ 2y agowhat else do you believe the appropriate outcome includes?
- peppers-ghost 2y ago[flagged]
- TheAlchemist 2y agoYes we do. A lot of people, for a lot of different reasons. For me, it will be the end of the biggest con, the stock market has ever seen. And I can't wait to read about the details behind it, once the dust settles.
- dzhiurgis 2y agoWhat makes Tesla exactly a con? Their cars are amazing appliances, literally nothing in market like it, for less than a Toyota. FSD is largely delivered. Space internet for everyone (soon potentially also with Freedom™ now that Trump is involved in demonopolising space or whatever it's called) with a phone. Where is the con???
- simongray 2y agoBefore the inauguration, Tesla was trading at a P/E 30 times bigger than Toyota. Now it's about half that (110). Some say Tesla shouldn't be valued as a car stock; it should instead be valued as a Tech stock. Well, Tesla traded at a P/E about 4-5 times that of NVIDIA which itself had a high P/E compared to the other Magnificent 7 which in turn have a high P/E compared to the stock market in general. What exactly is Tesla so great at that they deserve this enormous valuation? Its P/E has gone down to ~110 now, bit this is still incredibly high compared to e.g. NVIDIA which is trading at a P/E of ~40.
- dzhiurgis 2y agoThat's too generous to Toyota IMO. Their cars are insufferable.
- TheAlchemist 2y agoA lot of things, I will just cite one - "FSD is largely delivered". Really ? Can you tell us, where Full-Self Driving is really fully self-driving ? Like being able to summon your car from Los Angeles to New York, like Elon claimed one will be able to do in 2017 ! Tesla sold millions of cars that were supposedly going to become Robotaxis with a simple software update, somewhere in 2019. SIX YEARS AGO. Tesla even showed screenshots of a ride-sharing app. SIX YEARS AGO. Now it's obvious to anyone, that those cars will never become Robotaxis, as Tesla pivots to trying to fake a Roboataxi service this year, with remote operators. But the greatest con of course, was towards investors. Of course nobody is complaining now, since the stock is still a meme stock. Just wait a bit more...
- 2y ago
- trilbyglens 2y ago[flagged]
- sundaeofshock 2y agoElon Musk’s power is based on his wealth. A bankrupt Elon Musk will no longer be able to influence politics in several nations. He won’t be able to buy the US presidency. He won’t be able to threaten primaries against US representatives. He’d lose Twitter. He’d most likely no longer be running the so-called Doge. So yes, we would very much win and there are a lot of people who care.
- jkestner 2y agoHence why they've now said they're a robot company. Yet any bullish targets now are more likely to be based on Musk awarding himself large government contracts than technical advancements.
- robertlagrant 2y agoDidn't he cancel a large Tesla contract from the government?