Considering the pickup EV has been an enormous commercial flop, only selling barely a fraction of Musk’s promised 250,000 to 500,000 Cybertrucks a year, there’s a good chance Tesla is using the mercurial CEO’s other venture to boost the numbers ahead of the end of an otherwise disastrous year.
I failed to understand why Tesla shareholders thought that it would be a success. Everything about it is stupid. Far apart from any political situation that musk cause caused.
It made out of suspect material that is obviously going to corroded and accelerated rate thus causing them to have to do financially onerous repairs, it’s a regulatory nightmare anywhere outside of the United States, it’s demonstrably not a very good truck and thus has a very limited market, and it’s unnecessarily heavy without offering any real benefits for that weight so it has terrible range. Oh and it has a tendency to get stuck in mud any deeper than one micron. What a wonderful product, why isn’t everyone getting it?
Sounds like some form of fraud.
Because it is :)
EV subsidies are going away soon, so Elons putting some money fromone pocket to the other now, but also claims the subsidies so he’s putting more money to that other pocket than he took out from the first pocket.
To be congratulated on the public stage by the clown running the circus, no doubt.
This is how Elon will make his pay package. Buy them from himself!
He’s already done this before too. See the Boring company purchasing a bunch of cars too
But how does he sell the robots? They won’t even work lol
how many cybertrucks are gonna be trashed in landfills, junkyards and such?
Just turn them into dumpsters. They look like it anyways. Saves them from ending up in landfill.
More than the quantity trashed everywhere else, most likely.
Straight up fraud
It’s been awhile since I took accounting, but this looks like they are setting up a transfer pricing fraud.
Wash trading at its finest.
Unfathomable and 1000-2000 are quite different… especially when talking about 250,000
In my opinion 1 cybertruck is an unfathomable amount I guess it depends.
Elon is running the biggest Ponzi in history, financing on financing and counting both as the total. Eventually he won’t be able to keep shuffling assets around and counting both, they will all collapse with nothing left and everyone will be shocked pikachu despite it being obvious.
Elon is running the biggest Ponzi in history
after Nvidia and Open AI.
Business idea. I make an ai using ai, then hord investments and use that money to invest into another ai that I have made using an ai tool. Rinse repeat
Elon is running the biggest Ponzi in history
it’s a bigger ponzi than nvidia?
Anybody that even indirectly gives any resource to these companies is being had
Ah, the AI business model…
That’s a creative use for the state handout that he receives for spacex, propping up the shareholders.
He literally already did something like this with tesla and solar city. There was a court case and everything but musk won so it’s no suprise he’s doing it again.
60m settlement. Technically a loss, but a slap on the wrist and a drop in the bucket as far as I’m concerned so I won’t argue that it wasn’t a win.
I can’t believe this fucking court system.
https://www.pv-tech.org/delaware-judge-approves-us60m-settlement-for-tesla-shareholders-aggrieved-b/
Once you have enough money winning a court case is indistinguishable from losing one.
If the penalty for a crime is a fine it is only illegal for poor people.
once you have enough money, laws don’t apply to you anymore. You just get inconvenienced by pocket change level “fines”
Ahhh I thought he straight up got charges dismissed my bad. But yeah $60 million for elon is a slap on the wrist, or “cost of doing business”
No need to apologize. You were quite correct. Lol
Nothing is based on supply and demand anymore. The “market” no longer makes corrections. It’s all manipulatable fuckery and the elite still wants you to believe that the stock market is stable. The big bubble burst will be money, and how it’s abused/misused, not AI.
You can only manipulate for so long before the cards collapse
I do wonder if people can make direct food subscriptions with farmers and just bankrupt the entire corporate infrastructure one commodity at a time
K-shaped economy and all
They’ve made it so you will be left behind economically if you don’t slave for SP500 shares
eh, the SP500 is just the slot machine meant to real people in
real $ is on learning what individual tickers are really worth and trading on that
bubbles like this are basically just milking pensioners and whatnot who buy into the system mindlessly, when enough buy in and there’s a catalyst to get peoples eyes on the screens (imo, trump finally croaking) so they can sell into it profitability the algo’s switch to dumping, which’ll then cause mainstreet to panic sell seeing half their retirement vanish overnight
It’s more than a slot machine, it’s the primary beneficiary of all the bad fiscal policy and wealth concentration. That and real estate. All the cool kids are hoarding it! Giving them selves cool loans based off the cool valuations they cooked up. Bond market is imploding and taking cash with it. Great time to buy SPY
but…considering the state of US labor/left, realistically crashes like they’re setting up now are the plebs best bet on actually capturing some of that wealth for themselves, it’s that or you jump like a monkey (sports) or record your misery (various arts) and hope your pain/suffering is entertaining to them.
Money laundering?Stock boosting, same difference.
