How does this idiot have any money?
Step 1: Start with lots of money
Step 2: Find a bunch of other rich idiots willing to invest their money.
Every once in a while he blackmails the Tesla board into giving him a shit ton of money. Besides that he doesn’t have much, his wealth is in stocks, mostly Tesla, because his other companies aren’t publicly traded. What rich people do to actually get money is they get a loan backed by their stocks, and then never really paying it back. Tesla is extremely overvalued, but because of that he can just borrow as much money as he wants.
So basically the cars are not selling, but he doesn’t want to be seen to be closing the factories.
This. They’ll shut down for retooling, open up to churn out a small number of robots that do nothing, and claim success while firing most of the staff.
Well the contract he signed for ~$1 trillion by 2035 specifies he has to deploy 1 million robots and 1 million robo-taxis. Which I can see happening.
The issue I see with it is he has to get Tesla car deliveries up to 20 million a year. To put that into perspective, new car sales in the U.S. has never hit 20 million vehicles that I know of. Globally I just saw their sales were at less than 2 million.
So chopping the $80,000+ models and keeping the ~$40,000 models that make up 97% of their sales makes sense. He needs something that will gather a lot of new sales, and there aren’t mass amounts of people with $100k to buy a new car.
My bet is on him selling cars to himself somehow
Nah, he’ll have the government buy them as fleet cars.
SpaceX are ‘buying’ all the Cyber Trucks no-one wants.
Weren’t local police departments looking at the cyber truck, ran trials, and said lol, no thanks
At least they ran trials. I feel the federal gov’t would just buy the shit with our taxes.
Fascist scammer
Nazis deserve a punch in the face, not money.
Boycott Tesla and Nazi led companies. Do not buy their products, do not buy their stock. Ensure any investment funds you have are free of Nazis.
This will be a glorious failure.
Even if his robots were ready for primetime (they’re not), I don’t see how he’s going to be able to price them affordably, given the RAM shortages.
They don’t need to be affordable, they will be subscribed to. What, poor, you don’t have the iRobot subscription?
Sales are tanking, profits are tanking, and he’s being forced to abandon his precious “SEXY” branding, by ditching the S and the X. Now it’s just “EY.”
Tesla has crashed, and is NEVER coming back. Sales/profits will continue to slip with each earnings report. The only thing keeping it afloat is because it is held in massive institutional investment accounts, but as it continues it’s inexorable slide, those institutional accounts will start to sell down, accelerating the slide, until they all bail, and Tesla stock nosedives.
Tesla will be bankrupt in 2 years.
They’re not making the car that got them started and popular? A bold move.
Wtf is going on in that picture? Is there a Tesla with Delorean doors?
They are called Gull-Wing Doors and yes, the model X.
Elon Musk is a Nazi
He Should be stripped of his security clearance and incarcerated immediately.
He’s only got security clearance because he’s a Nazi. A normal person would have been denied it.
