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tesla’s money doesn’t even come from making cars. their stock is worth so much because it’s worth so much, and most of the actual money the company tesla brings in is from carbon tax credits. nickel could hit 500K and he’d still be fine. meanwhile people in less secure manufacturing jobs could lose their jobs over this market instability

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Trueanon series on him was nuts. The amount of smoke and mirrors is unbelievable.

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8 points

I think it will slightly fuck phone market as well, batteries cost like 5 percent of the phone in materials.

As for tesla - you can’t offload carbon credit if you can’t make a car to sell a car

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you would think that, but all the california car manufacturers quite like the situation as it is as it lets them sell their gasoline and diesel cars so long as they can buy carbon credits from tesla and would likely want to keep things as they are regardless of if tesla makes a single car

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people in less secure manufacturing jobs could lose their jobs over this market instability

I’m already hearing the planners mutter about material costs as they’re walking by.

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7 points

If nickel gets high enough that he can’t make cars and be epic then his stock won’t be epic. Big investors will pull and his zealots will end up holding the bag.

That said if he can still make cars, the price of oil increasing will help Tesla.

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the stock is completely disconnected from the actual production and sale of cars. financialisation has completely disconnected the economic line from the actual economy. tesla already barely make any cars but their stock valuation is 50 times higher (I am not even kidding) than Ford, while selling barely any cars and having to do largescale recalls not long ago

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8 points

You’re missing my point. It doesn’t matter how hyperinflated Tesla stock is. It is inflated because Telsa is making super-hip electric vehicles. If Tesla stops doing that and literally stops production people will start selling and it will burst Teslas bubble. Its as if an MLM just flat runs out of essential oils to sell.

Now the delusion could endure if Tesla continues production at a loss. But literally shutting down all factories would be a full on panic.

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https://www.cnbc.com/2022/03/08/nickel-price-surge-could-threaten-automakers-ev-plans.html

Apparently he is already positioned to be the last ev standing, he just has to give up on high end models.

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