Comment on Elon Musk says he needs $1 trillion to control Tesla's robot army. Yes, really.

wasabi@lemmy.world ⁨2⁩ ⁨days⁩ ago

• Valmond@lemmy.world ⁨2⁩ ⁨days⁩ ago

  I need full power because otherwise people will stop me!!

  Yeah what a lame guy.

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• halcyoncmdr@lemmy.world ⁨2⁩ ⁨days⁩ ago

  To be fair, all that money is effectively fake until the shares are sold.

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  • Reverendender@sh.itjust.works ⁨2⁩ ⁨days⁩ ago

    Banks lend him real money based on the fake money

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    • halcyoncmdr@lemmy.world ⁨2⁩ ⁨days⁩ ago

      I count that in the sold category. Because they just get more loans to pay off the previous ones, or default and the bank just takes the shares and does it again because what the loaned is less than the share value. All the while avoiding income and capital gains taxes.

      It’s why boycotts and cancelling subscriptions actually do work when done in large enough numbers. Their money can disappear very quickly if shareholders get spooked.

      It’s also why Tesla isn’t being affected as much now despite Elon pulling the mask off and going full Nazi, resulting in massive sales drops. Years and years of short sellers and complicit media trying to tank the brand, largely funded and promoted by things like entrenched oil interests and competing car brands have trained many shareholders to ignore a lot.

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      • prole@lemmy.blahaj.zone ⁨1⁩ ⁨day⁩ ago

        So how is that fake? I can’t do any of those things you mention in the first paragraph.

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  • Jhex@lemmy.world ⁨2⁩ ⁨days⁩ ago

    this is the most naive thing I’ve read on lemmy… blessed be your innocent mind my child

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