:big-honk:

49 points
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Elon is a true innovator. Never has someone come up with so many reasons to get punched in the face.

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45 points

Tesla doesn’t even make 500k cars a year yet.

Fucking Honda sells about five million cars per year.

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17 points
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Deleted by creator
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13 points

What’s the basis for assuming that Tesla in particular will dominate the electric car market? Much more established companies are developing electric vehicles.

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8 points
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Deleted by creator
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5 points
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2 points
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2 points
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4 points
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40 points
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Look at this shit, Tesla stock has doubled since November 2020.
It’s price even increased ten-fold since last march. wtf?

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33 points

what the fuck has the company even done since then other than make a stupid cybertruck?

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24 points
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Deleted by creator
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10 points

yeah but any single company sells 5x more cars than they do

their stock price is like 100x inflated

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10 points

probably benefitted a fuckton from the most recent stimulus bills is what they did

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5 points

Probably received a bunch of money from ghouls thinking “… hmmm probably gonna need one of those cybertrucks one day.”

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god i can’t wait for it to collapse

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17 points
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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.

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8 points
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2 points
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can you explain this to someone who doesn’t know what a market cap is?

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1 point
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7 points

Capitalism at the end of the world… all in on technological apartheid. The cyber truck et al are designed for the apocalypse.

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5 points

Literally how? What is this bullshit?

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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

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40 points
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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.

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18 points

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.

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2 points
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30 points
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23 points
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7 points

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 and less more 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.

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