How does this idiot have any money?
Step 1: Start with lots of money
Step 2: Find a bunch of other rich idiots willing to invest their money.
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I gave him lots of money when he showed off Teslas all-electric sports car, pitched the model S sedan, and laid out the plan for solar roof tiles, and home battery storage.
It was a beautiful moment when I saw a billionaire putting their money against fossil fuels.
When he was struggling to get model 3 production rolling, I gave him lots more money.
Then he started shitting on trans folks and I started divesting, but still wanted Tesla to succeed.
Then he essentially bought twitter with that money I gave him to develop Tesla and reports of working conditions started coming out so I divested more… But I held hope Tesla board would kick him out and I could put that money back.
Then he got into politics and Tesla board voted to give Elon tens of billions and I left all the way.
Fucking shame.
There was a moment when Tesla was investing tens of billions into actual electrification research and developing compelling projects and making lots of money because of it.
His parents owned diamond mines or some shit in aparthied south africa. He’s just a fucking dipshit nepobaby to rich racists.
Every once in a while he blackmails the Tesla board into giving him a shit ton of money. Besides that he doesn’t have much, his wealth is in stocks, mostly Tesla, because his other companies aren’t publicly traded. What rich people do to actually get money is they get a loan backed by their stocks, and then never really paying it back. Tesla is extremely overvalued, but because of that he can just borrow as much money as he wants.
This will be a glorious failure.
Even if his robots were ready for primetime (they’re not), I don’t see how he’s going to be able to price them affordably, given the RAM shortages.
They don’t need to be affordable, they will be subscribed to. What, poor, you don’t have the iRobot subscription?
Nazis deserve a punch in the face, not money.
Boycott Tesla and Nazi led companies. Do not buy their products, do not buy their stock. Ensure any investment funds you have are free of Nazis.
Nazis deserve a machete to the face, but that’s just my opinion.
So basically the cars are not selling, but he doesn’t want to be seen to be closing the factories.
This. They’ll shut down for retooling, open up to churn out a small number of robots that do nothing, and claim success while firing most of the staff.
Well the contract he signed for ~$1 trillion by 2035 specifies he has to deploy 1 million robots and 1 million robo-taxis. Which I can see happening.
The issue I see with it is he has to get Tesla car deliveries up to 20 million a year. To put that into perspective, new car sales in the U.S. has never hit 20 million vehicles that I know of. Globally I just saw their sales were at less than 2 million.
So chopping the $80,000+ models and keeping the ~$40,000 models that make up 97% of their sales makes sense. He needs something that will gather a lot of new sales, and there aren’t mass amounts of people with $100k to buy a new car.
My bet is on him selling cars to himself somehow
Nah, he’ll have the government buy them as fleet cars.
SpaceX are ‘buying’ all the Cyber Trucks no-one wants.
Weren’t local police departments looking at the cyber truck, ran trials, and said lol, no thanks
At least they ran trials. I feel the federal gov’t would just buy the shit with our taxes.
Good point ($1 million x $100,000 for cars)+($1 million x 500,000 for robots) is still less than a trillion $.
No?
It’s total bullshit. They don’t need to do anything to the factory. They haven’t made X and Y in Fremont for 2 years. There isn’t anything to retool or any space to reuse.
The factory already frequently takes manufacturing breaks for days at a time. If he had a robot to build, they have capacity, but let’s not fool ourselves. There is nothing to manufacture or deliver.
You’re dead on, this is just him hoping he can fool people into thinking they still even need his factories at full capacity. Pretty sure they don’t.
The S and X haven’t really sold well since the model 3/y were ramped up. Those ate most of their sales. Even before the nazi shit they were low, and he’s hinted a couple times before that as well that their days were numbered.
They did want a car to put fancy tech in like the plaid version, but that’ll just be the roadster now instead.
They are leaving a big gap in the lineup though without a bigger SUV, so it’ll be interesting to see if they bring the extended Y from China to other markets now.
Edit: actually it was just after the salute before it’s impact would have been apparent in Feb. They mentioned there was some nostalgia around them even though they weren’t selling a lot, but at the same time said they weren’t going to cancel them… so that didn’t age well.
I don’t think them discontinuing old models is a problem. The problem is that they were supposed to announce new models years ago. No they are closing factories and not only still didn’t announce anything, they are switching to robots. So no new models are coming. It’s a disaster. Looks like Musk took charge at the company, forced everyone to work on Cybertruck, this failed and now they don’t know what to do.
They’ve clearly stated they canceled the newer model in place for the cybercab so ya. Unless that fails and they have to pivot back to cars with steering wheels I think the roadster / semi will be the last new human drivable ones?
It’s not the same company it used to be anymore that’s for sure.
Edit: Maybe the 3/y will get 1 last human refresh too?
I think that they were isolating Elon from real decision making for a long time but he finally took over and forced them to create the Cybertruck. To me it’s not even clear if they are still able to design cars or if Elon completely destroyed their ability to function as a car maker. Shareholders apparently still believe they can create new products but we have seen any evidence of that in years.
They are leaving a big gap in the lineup though without a bigger SUV….
One of the bigger reasons I’ve been looking at an R1S from Rivian.
That’s the better choice over the X even when they still have it as well.
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Spirit Halloween is gonna be lit in a few years!
Elon Musk is a Nazi
He Should be stripped of his security clearance and incarcerated immediately.
why does he have it in the first place? he is just a rich psychopath
Because the Republican party has become the party of rich psychopaths
He’s only got security clearance because he’s a Nazi. A normal person would have been denied it.
In keeping with Musk’s Swasticar theme, the new Model S will be the called the SS.
“Twice as fascist!”
Sales are tanking, profits are tanking, and he’s being forced to abandon his precious “SEXY” branding, by ditching the S and the X. Now it’s just “EY.”
Tesla has crashed, and is NEVER coming back. Sales/profits will continue to slip with each earnings report. The only thing keeping it afloat is because it is held in massive institutional investment accounts, but as it continues it’s inexorable slide, those institutional accounts will start to sell down, accelerating the slide, until they all bail, and Tesla stock nosedives.
Tesla will be bankrupt in 2 years.
Now it’s just “EY.”
Someone should troll him that its a trans thing
Don’t forget it’s actually 3Y, if you want to make sure whatever trolling actually sticks.
Should Hasbro be able to sue for this? Sure there’s some trademark here.
He’s so fucking uncreative. At least Thiel is slightly more clever with his references
How fuckin dare he drag Optimus’ name through the gutter with his fascist metal dogs.
Those robots are complete vaporware. I would predict we’re about to see whole lot of robot hype video clips on twitter and tiktok very soon. We’re going to see his fake “robot” playing soccer, making breakfast, juggling, and whatever. I’m sure they’ll be all ai generated. There will be paid tesla influencers who already bought cybertruck hyping up this non existent robots very soon. Elon will tout millions of robots sold but in reality they were all sold to spacex and those robots will be sitting in a hanger somewhere. It’s all smoke and mirrors.
They’re not making the car that got them started and popular? A bold move.
46% earnings drop in Tesla, they’re pivoting cause no one wants musks cars anymore.
They’ve blown public trust, so now they’re pivoting to businessmen with no morals.
I wonder if the 3 is selling better. Maybe they will put more effort in to it.
Maybe they shouldn’t have made that shit truck.
It’s cheaper. It’s almost definitely a better seller. The S was supposed to be a luxury car. It’s bigger, has air suspension, etc. But most people don’t want to pay a premium for stuff like that.
Stock market capitalization bigger than all the European and American car brands COMBINED but they only sell two very similar vehicles. Makes sense
2 very similar cars and a $100k dumpster dressed as a truck
Or I’m a fucking Nazi and no one will by my shit anymore.
There’s going to be plenty of idiots that will see the never proven mostly unusable robot as a good thing for the company. Another trillion dollar bonus package approved!
Sadly, lots of fucking morons are still buying their shit.
Fewer, but lots.
Ain’t nobody gonna buy your stupid Nazibots either, di ckhead. You are universally despised.
Not universally unfortunately. Republicans/racists still think he’s pretty great.
They are making robots that are confirmed to not do anything on their own? The ones he has been scamming people and lying over using human remote operators?
The robots are going to finish that tunnel in California. They will carry your car through the tunnel, as always promised. They just need a little funding.
