Elon is a true innovator. Never has someone come up with so many reasons to get punched in the face.
Tesla doesn't even make 500k cars a year yet.
Fucking Honda sells about five million cars per year.
What's the basis for assuming that Tesla in particular will dominate the electric car market? Much more established companies are developing electric vehicles.
Exactly.
Would you have bought Google stock? Or would you have bought stock of one of the other 20 search engines? Of which 14 were reasonable good and a handful destined to be in the group that depending on market effects would dominate the field for years to come.
Its literally from the stock market equivalent of when the Powerball jackpot gets really big, and a whole bunch of people from out of state start buying it so it hits over a billion.
Yeah. Bezos's wealth at least mostly represents real capital (i.e. the world's largest storefront, nationwide logistics, the largest cloud host, etc). Musk's "wealth" is pure speculation with just a smidge of actual capital.
Look at this shit, Tesla stock has doubled since November 2020.
It's price even increased ten-fold since last march. wtf?what the fuck has the company even done since then other than make a stupid cybertruck?
yeah but any single company sells 5x more cars than they do
their stock price is like 100x inflated
probably benefitted a fuckton from the most recent stimulus bills is what they did
Probably received a bunch of money from ghouls thinking “... hmmm probably gonna need one of those cybertrucks one day.”
I've been thinking that for over a year now and it's infuriating still seeing it rise based on purely on speculation. I want to see line go down, fast. Then again it'll just get a government bailout and continue this hell-cycle again.
Capitalism at the end of the world... all in on technological apartheid. The cyber truck et al are designed for the apocalypse.
To be fair, stock markets and values are pretty much entirely detached from reality by now, bc the fed is printing money en masse and buying corporate bonds, keeping them from failing and enables those ludicrous gains. Debt has become a commodity, that can be sold directly now to get funding. https://www.youtube.com/watch?v=jYrgFU-P63g
He's too busy using his tremendous brain power designing and imagining the Martian colony he's going to build
using slave labour, designing by himself all the rockets he's going to use (he alone) to explore the universe and in his spare time he's also designing new andlessmore powerful electric cars. He's a brilliant mind, the most intelligent man in the history of this world, he knows about everything, especially about pandemics.
Less than 6 months ago he had 85 billion jesus christ https://www.businessinsider.com/tesla-elon-musk-net-worth-2017-10?r=US&IR=T edit: the day before that he had 77 so why am I surprised
Tread on me Daddy Elon. Drive over me with one of your amazing cars :panting:
"Please Elon, stop wearing boots, just put your feet directly into my mouth and wear me as boots instead"
If this continues, people might cotton on to the fact that money has no intrinsic meaning any more. I can't wait.
We are. Most people don't think about it. Society conditions people to not think about it.
It's really weird. Yesterday I was talking with a friend who is generally on board with all my views on economy, but when I said that they should have closed down the economy and froze rent for COVID, they said that's unrealistic because money still had to be generated. I told them that money is fake and the economy is built on speculation anyway, but they kept insisting that they understood what I was saying yet still thought it would be impossible to suspend the economy. :bruh: if money is fake what could possibly stop you from just giving everyone a fat check monthly? They already agree that it's all made up.
love how our society rewards the stupidest people with billions of dollars
All the money in the world can't save his minecraft neck from the mighty minecraft guillotine.
