C’mon people! It’s only 71%!
I mean, 75% is soooooo close…
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And it’s not far from 100%!
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So, he’s promising something that he has no control over. Tesla owners may not want to loan out their cars. Also, Tesla takes a hefty 25-30% cut!?! Finally, if Tesla owners decline to participate, will Tesla just hack into their car and take possession for several hours a day?
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Interesting read. Gizmodo doesn’t pull any punches.
ETA quote:
The only bright spot in the company’s numbers were the $595 million in revenue brought in from carbon credits, the money paid by car companies making traditional gas-powered vehicles to offset the pollution they generate. Without those carbon credits, Tesla would’ve posted an operating loss for the quarter.
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Exclusive: Musk’s SpaceX is frontrunner to build Trump’s Golden Dome missile shield
Musk’s rocket and satellite company is partnering with software maker Palantir (PLTR.O), opens new tab and drone builder Anduril on a bid to build key parts of Golden Dome, the sources said, which has drawn significant interest from the technology sector’s burgeoning base of defense startups.
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Which he’ll turn off if Russia is the opponent.
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In an unusual twist, SpaceX has proposed setting up its role in Golden Dome as a “subscription service” in which the government would pay for access to the technology, rather than own the system outright.
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Fuck that.
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Maybe they’ll add surge pricing too. If a missile launch is detected the system prompts you to swipe your credit card again.
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It’s so freakin’ insane that, as of this moment, the Tesla stock price is up roughly 8% above where it was on Monday. (We’ll see where it ends up at the end of the day today) The stock price has been irrational for a very long time now but it’s been getting increasingly untethered from reality to the point where it seems to have no relationship whatsoever with what’s happening to the company.
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Basically, it’s meme stock, wishful thinking, and confirmation bias all conspiring together. The investor class is hoping (and believing) that Tesla’s troubles are Musk distracted by his Doggie duties and not focusing enough attention on Tesla (wishful thinking), as opposed to him incurring the wrath of and alienating his customer base because they can’t fathom that anyone would actually like the government providing essentially service to people as opposed to allowing the ultra wealthy to run roughshod over the poors (confirmation bias).
And Tesla’s has always been a meme stock.
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It’s super-irrational. Almost anti-rational. But then again Musk almost certainly uses the value of his stocks to get insane amounts of credit which he likely blows so there’s all kinds of fun things that could go on with that I guess considering the level of corruption, espionage, and governmental interference likely in this scenario, and that’s in addition to algorithms and people trying desperately to break shorts.
I dunno.
I guess some people will make money on it provided they sell at the right time. To me it seems like these meme stocks then become opportunities to people who can kind of immerse themselves in the culture enough to figure out what other people are doing.
Crazy stuff really.
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It’s almost identical to what happened last year. When their stock fell below $150, and they missed their deliveries target/estimate by a huge margin, and I think one of the first major recalls on the cybertruck happened too. The moment the call happened the stock shot back up.
Not only that but I recall their Q1 last year being touted as a significant decline, and this Q1 they did worse than the last one!
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That can’t be right, Leon doesn’t need sleep.
Musk will spend 40% of his time on DOGE, but we can assume that’s 40% of waking hours rather than all the time in his life. That leaves the remaining 60% to be split between Tesla, SpaceX, The Boring Company, Twitter, XAI, Neuralink, and relentlessly posting on X. Surely, he has a reasonable amount of time and attention to devote to all of these individually.
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