Is Elon Musk a fraud?

[Hygro]

Musk's loss is mostly through a drop in Tesla stock price. If the stock goes up in 2023, he will regain some/all of that loss. Will you praise him? And btw, he still has, what, $50 billion? A $100 billion? A paper loss of $200 billion will not change his life.

I agree with the point you are making but I think it is greatly changing musks life, the stock value of tesla. I think his rapid ascent drove him somewhat manic including buying twitter which obviously changed his life and I suspect his descent will affect him as well.

 

[Narz]

And from pulling back the veil on his apparent genius as he wades into every argument publicly on Twitter

Just goes to show all the $ in the world isn't a salve for the ego.

Or maybe arguing w strangers on the internet is just that good?

 

[Perfection]

all humans are frauds, but Musk is like like 100x baseline fraudulent

 

[Kyriakos]

Tesla market cap was $1240 billion 12 months ago and $350 billion now.

Ford market cap was $100 billion 12 months ago and $49 billion now.

General Motors market cap was $94 billion 12 months ago and $50 billion now.


Musk picked arguably the best time to sell shares for $40 billion in cash.

(You know I like you, but) You don't need a masterplan to lose 200 billion in networth in a year. The belief that Musk is doing things in self-beneficial ways the normals can't grasp, is better to be abandoned now, else you risk sounding like those unfortunates who insisted Tesla's price won't sink if Musk has to remove tens of billions worth of stock to buy Twitter

 

[EvaDK]

I agree with the point you are making but I think it is greatly changing musks life, the stock value of tesla. I think his rapid ascent drove him somewhat manic including buying twitter which obviously changed his life and I suspect his descent will affect him as well.

What easy comes, easy goes.
Tesla's stock price was built on hype and hype can dissipate fast. Just ask Zuckerberg.

 

[Kyriakos]

What easy comes, easy goes.
Tesla's stock price was built on hype and hype can dissipate fast. Just ask Zuckerberg.

But when you rely on hot air hype, you stay as much away from the public as possible. Kind of the opposite of buying Twitter and twitting on it endlessly ^^

 

[AmazonQueen]

https://www.msn.com/en-gb/news/worl...pc=U531&cvid=f6bbecd1a43e47fa9646961314a5f76b

Not sure if hes a fraud or not but he is the epitome of armchair general.

 

[Kyriakos]

https://www.msn.com/en-gb/news/worl...pc=U531&cvid=f6bbecd1a43e47fa9646961314a5f76b

Not sure if hes a fraud or not but he is the epitome of armchair general.

Do you think he does this intentionally (thinks it helps him in some way) or is it just recklessness?
"Tone-deaf" comes to mind.

 

[AmazonQueen]

Do you think he does this intentionally (thinks it helps him in some way) or is it just recklessness?
"Tone-deaf" comes to mind.

Can't help himself. I don't think it helps him, it just means people are inclined to take him less seriously even on subjects he probably does understand.

 

[Birdjaguar]

"Better to remain silent and be thought a fool than to speak and to remove all doubt."

 

[Takhisis]

As explained in the Twitter thread, yes.

(unsubscribes)

 

[Kaitzilla]

Tesla prices have been cut.

https://www.npr.org/2023/01/13/1149002185/tesla-prices-model-y-model-3-electric-cars-elon-musk

Among the price cuts, the Model Y long-range (the cheapest version available) will now have a base price of $52,990, a drop of $13,000.

That brings the price below a $55,000 price cap required to qualify for the revamped federal EV tax credits, giving it an effective price, for eligible buyers, of $45,490. That's well below the average price for a new vehicle in the U.S.

Previously, only the 3-row Model Y qualified for the credit, because it qualified for a higher price cap.

Other models were also cut. The Model 3's base price was cut by $3,000 to $43,990, or $36,490 after the federal tax credit

Nothing beats federal subsidies.


People who paid the higher price recently, thanks!

I paid big for a PC video card 15 months ago, so I feel a tiny fraction of your pain.

 

[Samson]

That brings the price below a $55,000 price cap required to qualify for the revamped federal EV tax credits, giving it an effective price, for eligible buyers, of $45,490. That's well below the average price for a new vehicle in the U.S.

I do not understand this. I cannot find that exact number for the UK, but this lists average car price by model and the vast majority are less than £37,192.38 ($45,490 in GBP), with most of the most popular models under £20k. This says US car prices average less than UK. Is this really true, and if so, how?

 

[EnglishEdward]

@ Samson

There is a distinction between nominal list price (re TESLA) and average prices (re your link).

 

[Kyriakos]

At least Elon made a new Guinness record

There is the possibility that Elon may be charged with outright fraud, due to selling so much of his stock while being unable to fulfill promises made to investors. For comparison, Elizabeth Holmes sold nothing of Theranos (possibly this was part of the reason she got only 11 years as sentence). Musk sold billions of his over-inflated Tesla stock.

 

[Gori the Grey]

In his Inferno, in the level for greed, Dante actually has both hoarders and wasters. Modern readers sometimes have trouble understanding how wasting money can be a sin equal to greed, but maybe Musk will now provide an example.

 

[Kyriakos]

Due to astronomical reasons, this fake announcement happens every a few more years than those about the tesla truck.
What can you do, some people still believe him.

 

[Hygro]

I think doubt in the truck is a little weird.

 

[Kyriakos]

I think doubt in the truck is a little weird.

Maybe you don't mean the one announced to be out at 2018,2019,2020,2021,2022,2023, having been pre-paid
Afaik it's by now a running joke, along with (estimated) low cargo capacity, high cost, battery recharging making trips shorter etc.
Estimated, because no one knows still the actual vital statistics of something prepaid by so many.

 

[r16]

no , am not paying for that either .