• BakerBagel@midwest.social
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      5 months ago

      The problem is that Tesla is essentially just a pump and dump masquerading as a car company. Their market cap is simply absurd and based on nothing other than Musk’s personality cult. If Musk leaves the company gor whatever reason, the stock will crash and the company will go bankrupt. They have an obscene amount of debt that is backed by Tesla stock, so once thier stock falls below a certain price, all thos loans will demand their loneu back

    • SeaJ@lemm.eeOP
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      5 months ago

      Same. I bought stock in it when it IPO’d because he made a good road map that his engineers could get to and they made great use of government funding. He largely just seemed like an awkward nerd. The Thai cave rescue was the instance where I thought there was something seriously wrong with the dude. He decided to have a sub built even though nobody asked him to and the thing did not fit. Then he called one of the rescuers a pedophile. And not just as an odd insult; he doubled down on the claim. Since then it just seems he has been continually seeking attention.

      As for the company, their poor quality control was understandable 10 years ago but it’s still pretty fucking bad and I honestly think he is a big part of that. I recall watching a documentary a long time ago where the producer was talking to Musk about some of the challenges of making the Roadster. They were in a warehouse that had a couple dozen that had been inspected. Musk looked at the notes on one and it had a pretty major issue that would likely pop up but he was going to ship it anyway. The producer looked at it and noticed that they were looking at the car that would be going to him. Musk very awkwardly backpedaled. It sends that willingness to overlook major flaws has not left.

    • CraigeryTheKid@lemm.ee
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      5 months ago

      Honestly I wish he would ‘leave’ SpaceX too.

      I caught his livestream for the latest Starship launch, and he literally introduced the event with a 10-minute speech on “saving your life” by buying crypto, and how they would match your crypto if you used his link or something. WTF was all that, and WTF did that have to do with SpaceX. --So that was a scam/fake video, but my top comment is still how I feel!

      • towerful@programming.dev
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        5 months ago

        Pump&Dump?
        Musk bought into some shitcoin that crashed before he made profit, so even if he gives half away, the slight boost on price will let him dump the rest for less losses… Maybe?

      • nialv7@lemmy.world
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        5 months ago

        You are the victim of YouTube scam channels pretending to be SpaceX…

        SpaceX no longer streams on YouTube anymore, so anything you see will be fake.

        It’s also disappointing YouTube is so bad at catching these. During IFT4 that was literally the most watched stream, had more viewers than Everyday Astronaut for example.