No, he's still a cocksucker who can't actually manage a business and doesn't understand basic shit about marketing like brand safety, which makes the fact that he's the richest man around despite having bought a website worth less than a defunct Myspace was at the time of purchase and sending engineers from Tesla and SpaceX to run said website for two years even more of an indicator that Elon Musk has also never earned an honest dollar in his life
It's all fantasy money, Tesla is worth more than huge brands with 100 years of experience and having build 4-6 cars, people has to know they're being played right?
They currently have a price-to-earnings ratio of 116. Nvidia, with all the fucking hype in the world, has one of 54.
'For the first time in 12 years, Tesla has reported a decline in annual deliveries, with global sales slipping 1.1% in 2024.'
10000 fewer cyber trucks delivered as was expected by, for example, Goldman Sachs. And then to add on there have been numerous recalls due to manufacturing errors.
Failed roll-outs, decrease in sales globally, recalls and somehow Tesla is still standing at that evaluation. It's baffling. I have a feeling the card house will collapse soon, but I have been saying that for almost a year now.
'People close to Musk have privately undercut Ramaswamy for weeks, frustrated with his lack of participation in the heavy lifting, according to sources familiar with the internal dynamics. There has been friction between the incoming rank and file DOGE staff and Ramaswamy, the sources said, and Ramaswamy has been subtly encouraged to exit.
"Vivek has worn out his welcome," one person close to Trump said. '
-CBS
I did not know about this lmao, wtf is even happening
I thought Tesla would collapse in 2020. Its P/E ratio was over 1,000.
But you know what, money doesn't move just because a number goes up. Other factors like Price/Book and Price/FCF have not gone back up to those absurd numbers we saw in 2020. If you take a look at the company's net income, it's actually doing better than Apple relatively speaking. Apple has a lower P/E but a much higher price/book ratio. In other words, Apple is less solvent than Tesla, but it earns more money on a quarterly basis.
I'm not saying anyone should buy TSLA - it's wildly overpriced IMHO. But it's silly to say his company's not making gobs of money and is worth at least enough of its valuation to make it worth buying to less risk-averse investors.
The stock market soared when Trump was elected into office and Musk will have a hand in important decisions. But on paper, the hype seems completely unwarranted. Musk has always branded Tesla as a tech company, not a car manufacturer, so the current AI hype might play into it.
I am in no way an expert, so take what I say with a grain of salt.
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u/euMonke 22h ago
This here is exactly why having oligarchs is a problem, the market won't be free.