The company's sales fell for a second year in a row, as Tesla looks to AI and robotics, including a new $2 billion investment in CEO Elon Musk's company xAI.
Poor Lonnie. May he cry himself to sleep on his MyPillow tonight.
This is the big thing. Tesla’s stock has never been valued based on what the company is or can do. It’s valued on musk’s image and how much value people believe that brings to the company.
His huge pay packages are likely because he knows that there’s a reckoning coming with the stock, and he doesn’t want to be a bag holder for his own company.
That’s one of the reasons why he lies constantly about what’s coming. Full self-driving, people on Mars, solar roof shingles. He has to keep pumping up the image, or the whole house of cards collapses.
The problem is, there is seemingly no end to his bullshit that people will gleefully swallow. I bought it for a while, I loved the idea of an idyllic future. Unfortunately, one must deliver on that at some point. I was always willing to to accept the bullshit on the premise that it would happen at some point. However he’s lost the plot to his own hubris and idiocy. Yet somehow, he’s still able to con enough people to prop (and grow!) his meme stonk.
People are remarkably dumb, yes. But look at last year alone. European sales tanked. Domestic sales sucked. People were vandalizing and burning his vehicles on dealership properties. He was literally tearing up on the news because no one likes him.
He isn’t immune to company devaluation, and he knows how dangerous that is given how much is tied to his garbage stocks.
Why do you think the pay package was so important right now? Folks this rich don’t need it, that’s why they get paid mostly in stocks with like $1 take home. Same reason Trump “donated” his salary. Optics when you can make so much more.
A dude like this would normally leverage stock to get low interest loans that they live off of and can write off.
A lot of people will shy away from Tesla permanently and his true believers are starting to crack.
I’m just so cynical at this point. His car company is crap, he’s a right-wing joke, but his public company is near an all-time high. I see so many new teslas where I live, it’s so disheartening.
This is the big thing. Tesla’s stock has never been valued based on what the company is or can do. It’s valued on musk’s image and how much value people believe that brings to the company.
His huge pay packages are likely because he knows that there’s a reckoning coming with the stock, and he doesn’t want to be a bag holder for his own company.
That’s one of the reasons why he lies constantly about what’s coming. Full self-driving, people on Mars, solar roof shingles. He has to keep pumping up the image, or the whole house of cards collapses.
The problem is, there is seemingly no end to his bullshit that people will gleefully swallow. I bought it for a while, I loved the idea of an idyllic future. Unfortunately, one must deliver on that at some point. I was always willing to to accept the bullshit on the premise that it would happen at some point. However he’s lost the plot to his own hubris and idiocy. Yet somehow, he’s still able to con enough people to prop (and grow!) his meme stonk.
Profits tanking by 46% Is it good indicator that he’s not immune to people waking up about reality.
The entire thing is a house of cards that will likely collapse when public sentiment fully dissolves.
One would think, but this has gone on way longer than I could ever imagine.
People are remarkably dumb, yes. But look at last year alone. European sales tanked. Domestic sales sucked. People were vandalizing and burning his vehicles on dealership properties. He was literally tearing up on the news because no one likes him.
He isn’t immune to company devaluation, and he knows how dangerous that is given how much is tied to his garbage stocks.
I want to believe. But, trillion dollar pay package.
Why do you think the pay package was so important right now? Folks this rich don’t need it, that’s why they get paid mostly in stocks with like $1 take home. Same reason Trump “donated” his salary. Optics when you can make so much more.
A dude like this would normally leverage stock to get low interest loans that they live off of and can write off.
A lot of people will shy away from Tesla permanently and his true believers are starting to crack.
I’m just so cynical at this point. His car company is crap, he’s a right-wing joke, but his public company is near an all-time high. I see so many new teslas where I live, it’s so disheartening.
Same, but news just hit today of him converting an entire car factory over from cars to robots, and he is canceling entire lines of cars.
This is after the abject failure of the cyber truck. You can only take on so much technical debt.