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At the risk of exposing my obvious naivety, my guess is that TSLA is a proxy purchase for many people for SpaceX. I won't be surprised if SpaceX becoming publi
by rootusrootus 8mo ago
At the risk of exposing my obvious naivety, my guess is that TSLA is a proxy purchase for many people for SpaceX. I won't be surprised if SpaceX becoming public causes TSLA to tank.
Or maybe it's all because of index funds. What bothers me most about that is that if TSLA tanks, so does a big chunk of the S&P 500 and therefore my 401(k). Hrmph.
- HerbManic 8mo agoI suspect you may be right. My guess is that Telsa will be bought out by SpaceX so they can cover up loses from various parts of the company, namely X and xAI. Like security backed bonds but on a company scale. With SpaceX having loads of government contracts, they become more immune to failure via odds of a bailout.
- jjav 8mo agoI suspect Musk will negotiate with Musk to convince SpaceX to buy Tesla for more than its market value to avoid the otherwise inevitable crash. Either that or eventually Tesla drops to ~$50/share, but since that would hurt the Musk ego, the buyout is the much more likely outcome.