this post was submitted on 21 Nov 2023
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Who knows. Maybe they realize the stock is already overpriced and they don't want to jinx it. I'm still in awe of the fall musk made in the public consciousness. He went from the guy who wanted to change the world and help end fossil fuel consumption to someone who paid 40+ billion to make a safe space for Internet trolls... Crazy.
I think anyone who has even the slightest idea of how the market works knows Tesla is grossly overvalued. Obviously it's nowhere near the whole story, but when their market cap is nearly 20× that of Ford's with ½ the revenue, something is fucky
Irrational exuberance at its finest
I'm still more in awe how he could keep up that futurist facade for so long.
Elmo literally sued the real founders of Tesla in order to be able to call himself a founder.
It goes back as far as his school career, where he was too dumb to get his degree in physics, but because of a generous donation was able to get it 2 years after he left.
That guy was like this from the start.
So I believe people can be incredibly complex. I think Elon truly wants to improve the world. I also think he is not someone who is overburdened with an abundance of virtue. I want to be the kind of person who always hopes someone who is mistaken will eventually see the error of their ways and change course. I'm not very optimistic though.
Oh I don't doubt that in his mind he is improving the world.
The issue is that his vision for an improved world also includes it being a neofascist hellscape. Dude misses living in apartheid
He could keep up the facade because it's easier to fool people than to get them to admit they've been fooled.
Don't forget how one of his companies was pushing the envelope in reusable rockets.
And now burning the aura he carefully built for... Twitter and "alt-right" bullshit.
I think a lot of people knew Musk was full of it from the start. His recent twitter antics have just brought the realisation to a larger crowd.