▲ 77 ▼ Elon Musk says Tesla-SpaceX merger being considered (www.bbc.co.uk) submitted 6 days ago by Zapados@sh.itjust.works to c/world@quokk.au 30 comments fedilink hide all child comments
[–] CameronDev@programming.dev 37 points 6 days ago (10 children) So, one of those companies must be fucked? permalink fedilink source hideshow 10 child comments replies: [–] BooBees@fedinsfw.app 16 points 6 days ago (4 children) Twitter was fucked so can had to carry it with a merger and then carry that by a merger with spacex. Tesla has had ABYSMAL sales so yeah, now it’s time to carry it by merging with something else. Some genius. I mean he IS a stellar carnival barker, and he’s made some novel market moves.. but if he was this mental giant he and everyone claimed, he wouldn’t keep having to bail out all these failures. permalink fedilink source parent hideshow 4 child comments replies: [–] CameronDev@programming.dev 9 points 6 days ago (2 children) I think for his supporters, keeping all the companies going builds into his mythos. If he lets any of them fail, suddenly he isnt on a perfect game anymore, and his valuation tanks. So he has to keep the circus going... The people idolising him are too stupid to realise that he has failed a bunch of companies at this point. permalink fedilink source parent hideshow 2 child comments replies: [–] bedwyr@piefed.ca 4 points 6 days ago (1 child) It's not just stupidity in his fan base, they are all in on the scam. It's a gamble stock, worth practically nothing compared to it's valuation, but they got rich off of it, or see others doing so. That is what society respects, not actually doing things like Nikola Tesla, but stealing his name, I would call it an actual form of cultural appropriation that is bullshit and not just white people trying to get offended for other reasons; but rather pumping up values and making parasitical profits. permalink fedilink source parent hideshow 1 child comment replies: [–] CameronDev@programming.dev 3 points 6 days ago Not all of his fan base are stock holders, there are others who are just stupid :/ permalink fedilink source parent [–] Malica@lemmy.zip 2 points 6 days ago For how pathetic he is, he does have a talent to game the market expertly permalink fedilink source parent [–] CoconutLove@lemmy.today 11 points 6 days ago (2 children) None of them warrant even a $1T valuation. It’s all built on hype. permalink fedilink source parent hideshow 2 child comments replies: [–] Tollana1234567@lemmy.today 7 points 6 days ago and when he comes down on his ketamine-cocaine binges, which can last months. permalink fedilink source parent [–] bedwyr@piefed.ca 3 points 6 days ago* 10 billion intrinsic value tops I bet. It's at least 100 times overvalued. Look at the P/E ratios, and then you would have to look at how they manipulate earnings. 12 price for 1 earning is traditional, depending on sector not sure of auto but I think it's even lower. Edited immediately to correct profit to earnings permalink fedilink source parent [–] bedwyr@piefed.ca 8 points 6 days ago (1 child) Do you even have to ask? Tesla sucks, it's being held up because it's a gambling stock, a meme stock, it has no fundamentals, it's P/E ratio is astronomical. Their flagship product was a flop. This flying car thing is a joke, but his fan boys will eat that shit up. I can't wait for the market to correct, but I can because we just know the feds will bail them all out, and that follows for a democratic government too I'm afraid if history is any judge, and it is. permalink fedilink source parent hideshow 1 child comment replies: [–] CameronDev@programming.dev 3 points 6 days ago Now that spacex has been saddled with twitter/grok, I wouldn't say its particularly healthy either, but I am no expert. SpaceX alone was a genuinely innovative company, and still is a leader in space, but I dunno if it will continue now, or if it will just become another meme stock. This flying car thing is a joke Also a late joke, Top Gear made a Vauxhall Astra fly decades ago. https://m.youtube.com/watch?v=5eRdzSWv8NY Similar stunt too, stripped it out, filled with helium. permalink fedilink source parent
[–] BooBees@fedinsfw.app 16 points 6 days ago (4 children) Twitter was fucked so can had to carry it with a merger and then carry that by a merger with spacex. Tesla has had ABYSMAL sales so yeah, now it’s time to carry it by merging with something else. Some genius. I mean he IS a stellar carnival barker, and he’s made some novel market moves.. but if he was this mental giant he and everyone claimed, he wouldn’t keep having to bail out all these failures. permalink fedilink source parent hideshow 4 child comments replies: [–] CameronDev@programming.dev 9 points 6 days ago (2 children) I think for his supporters, keeping all the companies going builds into his mythos. If he lets any of them fail, suddenly he isnt on a perfect game anymore, and his valuation tanks. So he has to keep the circus going... The people idolising him are too stupid to realise that he has failed a bunch of companies at this point. permalink fedilink source parent hideshow 2 child comments replies: [–] bedwyr@piefed.ca 4 points 6 days ago (1 child) It's not just stupidity in his fan base, they are all in on the scam. It's a gamble stock, worth practically nothing compared to it's valuation, but they got rich off of it, or see others doing so. That is what society respects, not actually doing things like Nikola Tesla, but stealing his name, I would call it an actual form of cultural appropriation that is bullshit and not just white people trying to get offended for other reasons; but rather pumping up values and making parasitical profits. permalink fedilink source parent hideshow 1 child comment replies: [–] CameronDev@programming.dev 3 points 6 days ago Not all of his fan base are stock holders, there are others who are just stupid :/ permalink fedilink source parent [–] Malica@lemmy.zip 2 points 6 days ago For how pathetic he is, he does have a talent to game the market expertly permalink fedilink source parent
[–] CameronDev@programming.dev 9 points 6 days ago (2 children) I think for his supporters, keeping all the companies going builds into his mythos. If he lets any of them fail, suddenly he isnt on a perfect game anymore, and his valuation tanks. So he has to keep the circus going... The people idolising him are too stupid to realise that he has failed a bunch of companies at this point. permalink fedilink source parent hideshow 2 child comments replies: [–] bedwyr@piefed.ca 4 points 6 days ago (1 child) It's not just stupidity in his fan base, they are all in on the scam. It's a gamble stock, worth practically nothing compared to it's valuation, but they got rich off of it, or see others doing so. That is what society respects, not actually doing things like Nikola Tesla, but stealing his name, I would call it an actual form of cultural appropriation that is bullshit and not just white people trying to get offended for other reasons; but rather pumping up values and making parasitical profits. permalink fedilink source parent hideshow 1 child comment replies: [–] CameronDev@programming.dev 3 points 6 days ago Not all of his fan base are stock holders, there are others who are just stupid :/ permalink fedilink source parent
[–] bedwyr@piefed.ca 4 points 6 days ago (1 child) It's not just stupidity in his fan base, they are all in on the scam. It's a gamble stock, worth practically nothing compared to it's valuation, but they got rich off of it, or see others doing so. That is what society respects, not actually doing things like Nikola Tesla, but stealing his name, I would call it an actual form of cultural appropriation that is bullshit and not just white people trying to get offended for other reasons; but rather pumping up values and making parasitical profits. permalink fedilink source parent hideshow 1 child comment replies: [–] CameronDev@programming.dev 3 points 6 days ago Not all of his fan base are stock holders, there are others who are just stupid :/ permalink fedilink source parent
[–] CameronDev@programming.dev 3 points 6 days ago Not all of his fan base are stock holders, there are others who are just stupid :/ permalink fedilink source parent
[–] Malica@lemmy.zip 2 points 6 days ago For how pathetic he is, he does have a talent to game the market expertly permalink fedilink source parent
[–] CoconutLove@lemmy.today 11 points 6 days ago (2 children) None of them warrant even a $1T valuation. It’s all built on hype. permalink fedilink source parent hideshow 2 child comments replies: [–] Tollana1234567@lemmy.today 7 points 6 days ago and when he comes down on his ketamine-cocaine binges, which can last months. permalink fedilink source parent [–] bedwyr@piefed.ca 3 points 6 days ago* 10 billion intrinsic value tops I bet. It's at least 100 times overvalued. Look at the P/E ratios, and then you would have to look at how they manipulate earnings. 12 price for 1 earning is traditional, depending on sector not sure of auto but I think it's even lower. Edited immediately to correct profit to earnings permalink fedilink source parent
[–] Tollana1234567@lemmy.today 7 points 6 days ago and when he comes down on his ketamine-cocaine binges, which can last months. permalink fedilink source parent
[–] bedwyr@piefed.ca 3 points 6 days ago* 10 billion intrinsic value tops I bet. It's at least 100 times overvalued. Look at the P/E ratios, and then you would have to look at how they manipulate earnings. 12 price for 1 earning is traditional, depending on sector not sure of auto but I think it's even lower. Edited immediately to correct profit to earnings permalink fedilink source parent
[–] bedwyr@piefed.ca 8 points 6 days ago (1 child) Do you even have to ask? Tesla sucks, it's being held up because it's a gambling stock, a meme stock, it has no fundamentals, it's P/E ratio is astronomical. Their flagship product was a flop. This flying car thing is a joke, but his fan boys will eat that shit up. I can't wait for the market to correct, but I can because we just know the feds will bail them all out, and that follows for a democratic government too I'm afraid if history is any judge, and it is. permalink fedilink source parent hideshow 1 child comment replies: [–] CameronDev@programming.dev 3 points 6 days ago Now that spacex has been saddled with twitter/grok, I wouldn't say its particularly healthy either, but I am no expert. SpaceX alone was a genuinely innovative company, and still is a leader in space, but I dunno if it will continue now, or if it will just become another meme stock. This flying car thing is a joke Also a late joke, Top Gear made a Vauxhall Astra fly decades ago. https://m.youtube.com/watch?v=5eRdzSWv8NY Similar stunt too, stripped it out, filled with helium. permalink fedilink source parent
[–] CameronDev@programming.dev 3 points 6 days ago Now that spacex has been saddled with twitter/grok, I wouldn't say its particularly healthy either, but I am no expert. SpaceX alone was a genuinely innovative company, and still is a leader in space, but I dunno if it will continue now, or if it will just become another meme stock. This flying car thing is a joke Also a late joke, Top Gear made a Vauxhall Astra fly decades ago. https://m.youtube.com/watch?v=5eRdzSWv8NY Similar stunt too, stripped it out, filled with helium. permalink fedilink source parent