top | item 43325101

(no title)

jeffreportmill1 | 11 months ago

It seems obvious that elon hasn't even showed up for work in years. His only real tesla-related effort has been to try to strong-arm an illegal 50B pay package. The board should be replaced for negligence and he should be fired for malfeasance and fraud. I'll bet the stock would jump 10%+ overnight.

The idea that he's the richest man in the world is a joke. Half his rapidly declining wealth is based on SpaceX, a "360B" company with no profit and < 12B in revenue that blows up and burns up its own products more often than not.

discuss

order

_DeadFred_|11 months ago

Elon asked for $50 billion in pay. Tesla's TOTAL lifetime earnings as a company is $35.2 billion. $10 billion of that is selling 'credits'. $600 million of that was Bitcoin gains.

Tesla is a 'battery company' but at Gigafactory Panasonic makes batteries on Panasonic owned/operated lines that just lease space from Tesla.

Yet somehow this is a 'real' company.

lawn|11 months ago

Don't forget designing the Cybertruck and nixing a cheap car in favor of robotaxis.

skissane|11 months ago

> that blows up and burns up its own products more often than not

This false. SpaceX’s current product is Falcon 9/Heavy which “blows up and burns up” very rarely.

Starship isn’t actually a product yet, it is an R&D program. If 50% of the test flights on an R&D program fail, that doesn’t tell us anything about the reliability of the finished commercial product. Absolute worst case scenario, Starship never works and is cancelled-SpaceX will have wasted billions but still have a market-dominating product with Falcon. And, despite the recent setbacks, it seems unlikely the worst case scenario will actually happen. More likely outcome is Starship is delayed and burns up billions more in R&D but eventually they get it to work as promised.