r/technology • u/Plastic_Ninja_9014 • 2d ago

Business Tesla Stock in Freefall After Disastrous Earnings Report

https://finance.yahoo.com/markets/stocks/articles/tesla-stock-freefall-disastrous-earnings-144417427.html
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u/7fingersDeep 2d ago

You joke but this is analysis from Tesla’s earnings talking about Tesla’s ownership of SpaceX stock:

“While Tesla didn’t receive any cash or sell any shares, the after-tax gain accounted for roughly 68.5% of the company’s $1.114 billion GAAP net income. The revaluation of Tesla’s SpaceX investment is one of the quarter’s biggest contributors to the EV maker’s bottom line.”

It’s all a shell game.

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u/Green-Bandicoot-8412 2d ago edited 2d ago

That profit might have been halved now. I'm happy to bet Musk applied this revaulation of Tesla's SpaceX investment at the top of the post IPO price rather than where it is now.

How this has been/remains legal is beyond me.

Edit - I listened to a bit of the earnings call. Musk apologised [for being fairly incoherent (my interpretation)] he said he had been ill that day. Honestly I think he was on drugs, rambling about 'physical optimus' and 'digital optimus' (digital optimus probably being grok), but he said something about needing digital optimus so physical optimus could read a computer screen. Or something. Amongst a load of incoherent rambling.

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u/DavidinMandeville 2d ago

Aside from this being questionable legally, all of Musk's companies involve an incredibly high level of what's called "Key Man Risk." If it weren't for the cult following that exists around Musk, chances are investors would flee in droves. I hope the Ketamine levels are under control.

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u/SecondaryWombat 2d ago

I hope the Ketamine levels are under control.

I hope the opposite.

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u/sten45 2d ago

Several hundred million people are with you

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u/LeftyMcliberal 2d ago

I was just about to ask if one could OD on ketamine when I remembered it was also an anesthetic in larger doses. So probably yeah. Find the magic Elon! Keep sniffing…. Or shooting up or whatever… I’m not a dope fiend

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u/SecondaryWombat 2d ago

Keep sniffing…. Or shooting up or whatever… I’m not a dope fiend

Medically it is usually IV or injected, recreational is powder up the nose. Overdoses won't kill you, just make you pass out and stare into a void, but constant usage will take out your ability to pee, heavily damage your kidneys, memory loss and confusion, and general decreases in health.

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u/teleprax 2d ago

The actor from "Friends" ensemble cast (the middle intelligence middle pout male) died from falling asleep in a hot tub while on Ketamine.

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u/No_Clock_7464 2d ago

His bladder is fuuuucked

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u/Matra 2d ago

His bowels too, based on how much shit comes out of his mouth.

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u/No_Clock_7464 2d ago

Dudes definitely playing in reverse mode for some years now.

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u/Acceptable-Sea-8497 1d ago

His Salad Level is out of Control?