• MalReynolds@slrpnk.net
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    11 days ago

    Rather ominous for the SpaceX IPO.

    Shame, SpaceX is probably a reasonable investment, but Nazi boy had to roll his twitter and xAI disasters into it (surprised he didn’t roll Tesla in as well, but he can always do it later with the ironclad control). There are no good outcomes here.

    • eyesaremosaics@lemmy.zip
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      10 days ago

      It’s probably contributing, they were so obviously scamming the market but trying to force it into the S&P to get exit liquidity, and it probably eroded a lot of whatever trust is left in the market

      • MalReynolds@slrpnk.net
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        10 days ago

        Agreed, if so, even more ominous. Sad when a scam at this level failing to be completely successful is what spooks the market.

    • boonhet@sopuli.xyz
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      10 days ago

      probably a reasonable investment

      No it’s not, he said he won’t be chasing profit to pay dividends because the goal is to put humanity on Mars… And he’s retaining control. It’s structured in such a way that he can’t be voted out lol

      • LavaPlanet@sh.itjust.works
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        10 days ago

        He just says that stuff because historically he doesn’t turn any company he touches, a profit. That’s just sour grapes.

        • boonhet@sopuli.xyz
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          10 days ago

          Tesla’s profitable these days I believe, even despite his recent antics and the resulting drop in sales.

          It would also have been profitable without him though. The only thing he really helped with was money at the beginning, the rest was stock price manipulation and stupid engineering decisions that are actually a net negative. And of course the company’s image got tied to a nazi’s.

          • LavaPlanet@sh.itjust.works
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            10 days ago

            Yeah, agree. The rule still applies, I feel, because the degree of profit from Tesla lost due to his antics, and general ways, is incredibly immense, cartoonish, even. He might come with money, but he’s a wrecking ball. As soon as theres enough good replacements, Tesla will tank. Directly because of him.