He’s Elizabeth Holmes on a global scale. He grifts money from the governments
Comment on Tesla profit tanked 46% in 2025 | TechCrunch
panda_abyss@lemmy.ca 2 days ago
I honestly don’t know how Musks companies work.
Tesla makes cars. Cars don’t sell, so profit drops. Musk uses SpaceX to buy Teslas. Tesla’s profit declines, Musk says it’s an AI company, then buys AI from his other AI company, which he funded from Tesla stock. Musk buys Twitter, twitter goes down in value. Musk buys Twitter from himself using xAI, for higher than its market value, then boasts stock gains?
So now Tesla is going to buy AI from himself, and build robots that were just pantomimed guys in suits… and somehow… profit???
I don’t know what the fuck is going on in this world.
Formfiller@lemmy.world 2 days ago
Auli@lemmy.ca 2 days ago
But wont see jail.
matlag@sh.itjust.works 1 day ago
As much as I despise her (as much as the rest of that tech-bros lot), I still suspect she’s only seen jail because she was a young woman.
bitjunkie@lemmy.world 2 days ago
midas22@lemmy.wtf 1 day ago
The Tesla stock is the biggest bubble we have ever seen. Short it on the market with the right timing and you will become filthy rich. It will crash, there’s no way they can deliver to this valuation ever… the only question is exactly when. It’s difficult to predict since it doesn’t follow any logical rules in the short term.
pastermil@sh.itjust.works 2 days ago
It’s simple in its principal, really…
Some facts:
So you basically come up with some excuse for moving stuff around, then you come up with some excuse to siphon off some of that good stuff.
MonkderVierte@lemmy.zip 2 days ago
Fuck that shit. Companies being their own legal entity was a mistake.
vaultdweller013@sh.itjust.works 2 days ago
The reason why that was done was largely to keep debtors and investors from ripping apart a company and then transferring the debt to the ones running it. This would’ve been back when most large companies were trade companies wherein it made a lot of sense, since if the ship goes down you’re fucked regardless time to liquidate the company and payback who you can.
The actual problem is the stock market since it creates fairy tale bullshit that allows Tesla to exist. Remove the stock market and the individual investments become a lot more risky and make bullshit stocks less likely to exist since all stock would be privately traded and their worth based off of company payout.
PolarKraken@lemmy.dbzer0.com 2 days ago
So instead we get “vulture capitalism” as an entire ecosystem of companies, doing this but more diffuse, by spreading out the bag holders far and wide (but always among the powerless). Fits like a glove with the general “privatize profits, socialize losses” general strategy of wealth extraction we like so much.
Corporate person-hood is a stain on humanity and the world. We should never have shifted culpability and direct experience of negative consequences away from human beings, ever.
notastatist@feddit.org 2 days ago
Can you explain this?
MonkderVierte@lemmy.zip 2 days ago
If a real person would be held resonsible…