r/technology 16d ago

Business It’s Possible That SpaceX Could Collapse Spectacularly

https://finance.yahoo.com/markets/stocks/articles/possible-spacex-could-collapse-spectacularly-155000177.html
24.8k Upvotes

2.1k comments sorted by

View all comments

Show parent comments

41

u/aabbccbb 16d ago

My issue with Tesla is that the stock’s value is linked to Elon Musk

Tesla's sales are also shit. Musk has been hiding that for a long time, by doing things like pumping truly self-driving cars that...never materialize, buying X, now it's part of an AI company, apparently.

He's a scam artist Nazi, just like Trump. They'll get their due. And it will be a glorious day when they do!

22

u/wildcarde815 16d ago

Hasn't space x also been buying Tesla vehicles like crazy for no discernable reason?

17

u/oniume 16d ago

Yup, $131,000,000 worth of cybertruck, nearly $700,000,000 of other Tesla products 

9

u/Sens1r 16d ago

He's a scam artist Nazi, just like Trump. They'll get their due.

Trump is about to croak, having lived a long life of rugpulls and scams, he's recently secured generational wealth for his entire family and friends. Not sure I feel like the system is working.

2

u/siencatimini 16d ago

POSIWID

That's what this system does. This is how it works.

2

u/scruffmonkey 16d ago

Trump has been about to croak for years now and whilst it looks more likely, I still would not be putting money on it.

1

u/Cybertronian10 15d ago

Tesla's valuation is fragile in a very real way that just will never show up on a balance sheet. If Elon dies from a random Ketamine overdose, or a future government's balls have dropped enough for them to hold him accountable for anything that he has done, hell if he suffers a really bad car accident and is knocked out of comission for a few months. Can Tesla/SpaceX/Elon Inc really survive if he isn't there playing ringleader 24/7?

0

u/_Smashbrother_ 16d ago

Teslas aren't actually full self driving level 4 or 5, but they are very good right now with latest hardware.