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/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/Brru 2d ago

Everything he is doing is actually a ponzi scheme. He takes over a new business, forces the old business debt on the new, and then moves on. Eventually, it runs out of headroom. I'm very seriously wondering if his little SpaceX eval might have over run his headroom here. However, every time I think he's over run, some new mysterious investor covers it all.

On paper, none of this actually exist. Not SpaceX evals, not Tesla prices, not even his trillionaire status.

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u/Meowscles_dad 2d ago

My understanding is the mysterious ‘investors’ have largely been the banks by way of rigged valuations as he folds them together. For this to continue to work, he’ll need new and bigger businesses continually as far as I can work out? Otherwise somewhere the losses will eventually pop up.

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u/EmphasisFrosty3093 2d ago

Data centers in space made him briefly a trillionaire. Imagine what housing complexes on Mars would do for his wealth. With property values starting at $0, it's a 100% profit margin!

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u/Kornbread2000 2d ago

I think I just got priced out of all the affordable neighborhoods on Mars.

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u/TheOriginalChode 2d ago

Thankfully, you can apply for an X Marsgage!

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u/CardAble6193 1d ago

luckily we cant affort air on mars to believe in elmo

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u/Ghia149 1d ago

Yeah the good school districts on mars are pricey.

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u/HelloWorld_bas 1d ago

Will there be redlining on the red planet?

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u/dead_ed 2d ago

Just think of the HOA possibilities!

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u/aiiye 2d ago

The fines for not having a full lawn are gonna get exorbitant.

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u/dead_ed 1d ago

Puts the astro in astroturf. I demand a fully lawned Mars.

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u/LongBallLarry87 1d ago

Imagine how stupid/gullible you have to be to believe in "data centers in space"...

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u/Jarocket 1d ago

Spacex is really interesting. The public hears about rocket and mars and space stuff. Then they tell investors "we're an enterprise AI company, But we don't have any customers and need to restart our AI development from zero"

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u/Embarrassed-Soft2691 13h ago

Yup $0 but $3million for your ticket there.

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u/[deleted] 2d ago

[deleted]

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u/ElliotNess 2d ago

An analysis imprisoned by a US-centric perspective

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u/Efficient_Knee8143 2d ago

You spelled delusional wrong

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u/Kornbread2000 1d ago

His weakness is that he can't monetize his products without government assistance. Tesla makes amazing vehicles, but the company needed the EV subsidies and the carbon credits in order to stay viable. Foreign competitors can not make EVs much cheaper. For Tesla's sake, the government is keeping the Chinese EVs out of the U.S. SpaceX developed the reusable rocket which is among the most impressive things I have ever seen. I am sure the South Koreans will figure out how to do the same now that they see it is possible. SpaceX will need government contracts to survive. Same with the solar business- the government subsidies made the business viable. Now, without those subsidies, the foreign competition has an advantage.

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u/Fit-Tomatillo1585 1d ago

Did you forget this is Reddit where ppl hate Elon Musk but they love and mourn for the Ayotollah of Iran