• A_norny_mousse@feddit.org
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    21 hours ago

    So here’s a thought.

    And let’s leave aside the “too big to fail” trope for a while.

    This guy is insanely rich. Even if you discount for inflated stock prices, debt etc.

    How long can he abuse the very things making him rich as if they were his personal toys before it all collapses? Is there a tipping point?

    • michaelmrose@lemmy.world
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      15 hours ago

      Forever. The biggest thing that make’s you more money is having money and whereas someone with $1,000,000 can make themselves poor in a year if they are incompetent someone with hundreds of billions with Employees actually managing the day to day can lose a billion a year to stupidity and see the appreciation of the rest more than make up for it.

      • A_norny_mousse@feddit.org
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        28 minutes ago

        So “too big to fail” basically. I accept your argument, but I’m not convinced because he does that narcissistic shit with all his companies, so “the appreciation of the rest” is not there imo.

        Sure, SpaceX gets government money/contracts, but I doubt that alone is enough to compensate for his messy “visions”.

    • OhNoMoreLemmy@lemmy.ml
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      19 hours ago

      Tesla and to a lesser degree spaceX are where the money comes from.

      Everything else, Twitter, xAi, the boring company are all vanity projects.

      We’re seeing the start of the tipping point. Tesla is being substantially harmed by his personal fuckery, but it’s always been a meme stock, so the price is much higher than it should be. This means that when the crash finally comes it should be extremely messy.

      SpaceX is already being used to bail out xAi - if Tesla was healthy musk would rather use it’s funds instead - and with musk fighting with Trump they could get some contracts wiped out. They’ve got enough actual products (star link) without competitors that they’re probably safe for now.

      • Dead_or_Alive@lemmy.world
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        18 hours ago

        Look up ASTS. They do satellite communications with better technology. Only 5 satellites to cover North America instead of the massive constellation Starlink requires.

        They have contracts with the major NA cell services and contracts in place for other regions once they launch more satellites.

    • Guy Ingonito@reddthat.com
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      16 hours ago

      It’s a sort of dudes unshakeable faith in him being a visionary genius that keeps Tesla stock high. He would need to do something that upset that sort of dude to such a degree that they stopped giving him their money.

      He would need to start attacking videogames and announce he would prioritize hiring women over men because women were better at thier jobs.