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It's really hard to say how much was meme valuation and how much was people actually believing his statements about Full* Self-Driving, cars becoming an appreci

It's really hard to say how much was meme valuation and how much was people actually believing his statements about Full* Self-Driving, cars becoming an appreciating asset (!), humanoid robots. Plenty of people believe his ~lies~commercial puffery.

jqpabc123 2y ago
"Plenty of people believe his ~lies~commercial puffery." Plenty of these "believers" don't have money to invest in TSLA stock. Most of those who have invested are so-called "professionals" whose job it is to avoid falling for "puffery". These "professionals" will eventually be forced to own the fact that they have been bamboozled by a con artist. And once this starts, the wheels are going to fall off the Tesla car really fast.
jauntywundrkind 2y ago
Its really distressing that there's seemingly zero enforcement over the incredible campaign of lies Musk has used to sell Tesla and SpaceX, HyperLoop, and others. Musk was claiming Cybertruck had a million preorders! A million! Yet there are ~50k sales, a 20:1 ratio. https://www.wired.com/story/where-did-the-one-million-people-who-wanted-a-cybertruck-go/ https://www.wired.com/story/where-did-the-one-million-people... Musk keeps getting away with dumping the investors, with saying whatever crazy shit he wants. And so far, the market regulators havent once bothered to care. Meanwhile, National Labor Board has been investigating Tesla for firing employees who complained online about sexually despairing comments. Equal Employment Opportunity Commission has investigating Tesla factories for racism including slurs, racist graffiti, and nooses. uS Transportation Board has been investigating accidents caused by Actually Smart Summons and self driving modes. FAA has been investigating illegal rocket launches in Florida, & reviewing requests to turn the once experimental star base launch site into a much busier production site. CFPB would have been involved in regulating X's move to become a banking app. FEC has been investigating Musk offering $1M/day to voters who sign up for his PAC. SEC has been investigating failure to give timely notice in the Twitter acquisition, costing investors billions. EPA has been investigating multiple Tesla sites (very) improperly disposing of hazardous waste. All agencies have recent seen cuts from Musk's DOGE, with many of these investigators forced out. https://www.latimes.com/business/story/2025-03-27/elon-musk-trump-doge-conflicts-of-interest https://www.latimes.com/business/story/2025-03-27/elon-musk-...

jqpabc123 2y ago

"Plenty of people believe his ~lies~commercial puffery." Plenty of these "believers" don't have money to invest in TSLA stock. Most of those who have invested are so-called "professionals" whose job it is to avoid falling for "puffery". These "professionals" will eventually be forced to own the fact that they have been bamboozled by a con artist. And once this starts, the wheels are going to fall off the Tesla car really fast.

jauntywundrkind 2y ago

Its really distressing that there's seemingly zero enforcement over the incredible campaign of lies Musk has used to sell Tesla and SpaceX, HyperLoop, and others. Musk was claiming Cybertruck had a million preorders! A million! Yet there are ~50k sales, a 20:1 ratio. https://www.wired.com/story/where-did-the-one-million-people-who-wanted-a-cybertruck-go/ https://www.wired.com/story/where-did-the-one-million-people... Musk keeps getting away with dumping the investors, with saying whatever crazy shit he wants. And so far, the market regulators havent once bothered to care. Meanwhile, National Labor Board has been investigating Tesla for firing employees who complained online about sexually despairing comments. Equal Employment Opportunity Commission has investigating Tesla factories for racism including slurs, racist graffiti, and nooses. uS Transportation Board has been investigating accidents caused by Actually Smart Summons and self driving modes. FAA has been investigating illegal rocket launches in Florida, & reviewing requests to turn the once experimental star base launch site into a much busier production site. CFPB would have been involved in regulating X's move to become a banking app. FEC has been investigating Musk offering $1M/day to voters who sign up for his PAC. SEC has been investigating failure to give timely notice in the Twitter acquisition, costing investors billions. EPA has been investigating multiple Tesla sites (very) improperly disposing of hazardous waste. All agencies have recent seen cuts from Musk's DOGE, with many of these investigators forced out. https://www.latimes.com/business/story/2025-03-27/elon-musk-trump-doge-conflicts-of-interest https://www.latimes.com/business/story/2025-03-27/elon-musk-...