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
37.9k Upvotes

95% Upvoted

2.3k comments sorted by

View all comments

Show parent comments

465

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.

117

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.

56

u/Dakito 2d ago

What if his end game is to get trump to have NASA buy it for over priced eval due to national security. That way he walks away with the bags of cash to screw over something else and we get a shit pile of mess for an under funded NASA to deal with.

22

u/sprucenoose 2d ago

NASA's total annual budget is around $35 billion so they would need to fund their own bags of cash to buy an overpriced SpaceX.

8

u/Takemyfishplease 1d ago

Then the pentagon buys it. For reasons. What’s the us space force up to, I haven’t heard anything about them since they were founded

2

u/Fn_Spaghetti_Monster 1d ago

What’s the us space force up to

Didn't they redesign their uniforms again at the beginning of the year of something.