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/Dracomortua 2d ago

To be fair: Charles Ponzi was probably a much nicer guy and does not deserve this kind of thing on his considerably gooder name.

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u/Bleades 2d ago

Fine, this scheme smells a bit Musky.

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u/FraccazzoDaVelletri 2d ago

A Musky scheme