Current Affairs Elon Musk

[LinekersLegs]

 

[SerenityNigh]

I don't see any red bars but it's nevertheless very satisfying to watch Elon getting negged in real time.

 

[Tin-Tin]

That is incredible.

 

[coollino]

 

[LinekersLegs]

 

[Huyton Layne]

Well this has bloody brightened my day. I was about 20 pages back and kinda forgot about Twitter besides the fact I have to tell myself I don't have the app anymore.
I should find the deets for my real name account and go explore the carnage.

 

[Taifi gorm]

Lashing tons of his own money at a project and somehow making it worse in the process?

In some ways, Elon, welcome home.

What would Everton do!

 

[coollino]

Well this has bloody brightened my day. I was about 20 pages back and kinda forgot about Twitter besides the fact I have to tell myself I don't have the app anymore.
I should find the deets for my real name account and go explore the carnage.

It's like a house party when you are 15 and musk is there thinking he is the cool parent

 

[AndyC]

He has gotta be one of the biggest con-artists who runs one of the larger Ponzi schemes out there (i.e., Tesla). I cannot see any leadership qualities, nor even novel ideas (gee, let's build an electric car, let's fly to Mars--none of these are exactly original) in his ostensibly impressive Resume as a CEO.

How do equate Tesla to a Ponzi scheme ?

 

[SerenityNigh]

How do equate Tesla to a Ponzi scheme ?

Taking in large investments based on promises of future delivery which is always delayed with the same con artist excuses... I presume that's what he's talking about. There's no doubt TSLA value is over inflated, the question is why exactly.

Toyota market cap is ~$220B and they sell about 10 MM vehicles a year. TSLA just set their quarterly sales record at 343 M and is should sell around 1.2 million cars this year. Also, TSLA market cap is ~$610B and that's about half its peak. There is no way TSLA is actually 3x more valuable than Toyota. Part of that is due to overeager investors, part of that is due to stupid investors and or Elon fanboys.

The relevant question is how much Elon has been misleading investors and seducing them with false promises; Ponzi scheme may be somewhat inaccurate, I suppose, but surely the SEC could get involved if it were arsed.

 

[longers]

The relevant question is how much Elon has been misleading investors and seducing them with false promises; Ponzi scheme may be somewhat inaccurate, I suppose, but surely the SEC could get involved if it were arsed.

a hell of a lot it seems



He's already settled a couple of times with the SEC after being charged with fraud

 

[Connor]

 

[dublinbluenose]

How do equate Tesla to a Ponzi scheme ?

When the Chinese market for Tesla slows the company are screwed. The US wont keep subsidising that company forever.

 

[verreauxi]

How do equate Tesla to a Ponzi scheme ?

Mostly from here but other sources as well. Perhaps as noted by @SerenityNigh “Ponzi scheme” might not be the best term, but fraudulent seems the case

Verify That You Are Human

www.plainsite.org

 

[AndyC]

Taking in large investments based on promises of future delivery which is always delayed with the same con artist excuses... I presume that's what he's talking about. There's no doubt TSLA value is over inflated, the question is why exactly.

Toyota market cap is ~$220B and they sell about 10 MM vehicles a year. TSLA just set their quarterly sales record at 343 M and is should sell around 1.2 million cars this year. Also, TSLA market cap is ~$610B and that's about half its peak. There is no way TSLA is actually 3x more valuable than Toyota. Part of that is due to overeager investors, part of that is due to stupid investors and or Elon fanboys.

The relevant question is how much Elon has been misleading investors and seducing them with false promises; Ponzi scheme may be somewhat inaccurate, I suppose, but surely the SEC could get involved if it were arsed.

If by that you are meaning taking deposits ahead of actually having a car to produce and sell, he/Tesla sold a dream of environmentally clean motoring, and he/Tesla have/are delivered/delivering.

The product is excellent and lead times for Tesla cars are no worse and, in many cases, currently better than most comparable manufacturers.... depending upon the model ordered.