I'm still not convinced that isn't just insurance fraud to try to recoup some money for junky cars no one wants while pretending he's a political victim.
You know what's horrific and evil? Cutting Medicaid and social security for millions of people because your billions of dollars isn't enough money to make up for the fact that you're a giant man baby.
The best thing about this is that Tesla is massively overvalued. Like, the stock price is more than 20x what it should be based on Tesla's earnings.
If Tesla had a reasonable value, then hedge fund managers and other rich people would probably be buying it while it was temporarily down and getting rich as it went back up. But, with it so insanely overvalued, it's much more likely they'll short it or buy put options and hope to get rich when it finally crashes.
Relatively speaking, Tesla is far less overvalued than in the past.
At one point their market cap exceeded every other automaker in the world COMBINED.
That might make sense if they were making unprecedented loads of money but of course they got trounced in sales compared to Toyota then and now.
Yes, it was at something like 30x overvalued, now it's only 20x overvalued.
Glad you mentioned Toyota. Their P/E ratio is approximately 7. Tesla is approximately 100. If Tesla were a well run car company with a lot of good vehicles and an anonymous CEO who nobody hates, the fair value of their stock would be about $14 per share. It's currently $236 per share.
Someone is going to make mountains of money shorting Tesla stock, but unfortunately it's going to be someone rich. The market can remain irrational much longer than normal people can remain solvent. Some rich dude is going to take the risk though and make out like a bandit.
NOOOOO don't look at P/E ratios (the auto sector has always had extraordinarily low P/E ratios) you have to look at relative PEG ratios!
At least that was the copium years ago. Now that their sales growth has petered out globally (even before all of the President Musk backlash) and China has free-money'd their way to a technological advantage for EVs I don't even understand it anymore. The other automakers are either caught up or rapidly approaching and the thing I've been saying for years (PHEVs are superior to BEVs for most people) is being proven true.
Before I called it hysteria and FOMO and blind optimism but now I just don't get it.
The funny thing is the first tweet was right, just wrong in his intention. I don't see this ending without a civil war.
It's what they want. They are gambling on it.
As long as they don't step into canada, all that will be waiting is a bullet and a disgraceful burial.
How the hell do Elon and other oligarchs feel so safe to call for a literal civil war? He thinks the other side cares more about fighting Joe Bob more than the billionaires? Such strange delusional behavior
He assumed his opponents would kill random people instead of targeting his property.
He probably can't even comprehend a worldview where people prefer to attack wealth over taking another human being's life.
That would require empathy, which he considers a weakness. So he probably is genuinely baffled by this.
I was looking for someone saying this. He was envisioning a bunch of us poors fighting each other when he called for civil war. He never thought it would be all of us against him.
It really does show that violence might be the only way to get through to these people. Not that I would ever advocate for such a thing directly myself of course of course. But if this is the only thing that gets their attention, it seems like he's inviting more of it.
I like it when Nazi man-children cry.
Just cry?
Common Sense Skeptic's videos sure are fun to watch again.
I love that we have found a way to hurt him, keep it up.
Burning lithium batteries are explosive, toxic and released heavy metals.
There’s a limited supply of the materials for EVs and e-bikes but a huge value in replacing gas cars with these vehicles.
Burning these huge batteries harms people breathing the air in the area.
Waaah, waaaah, waaah...!
Yeah, it'd be better just to cease their purchase and let them sit, completely useless. A burnt car gets an insurance payout. What about throwing those giant stickers on the windshield that don't peel off without ripping and leave a ridiculous mess? There was a Russian YouTube channel where people would do that to people driving on sidewalks.
Bonus money and business for car detailers? Lol
throwing those giant stickers on the windshield that don’t peel off without ripping
I read that in snowcrash, didn't know it was a real thing.
I thought Teslas (or maybe just the Cyber truck?) wasn't insurable. I thought that was the whole reason Tesla has to offer car insurance, because regular insurers won't cover them.
Yeah, maybe. I didn't know that was a thing, but I believe it
Your self-driving Teslas literally drove a woman to the sea where it acted as her watery coffin, this was also the sister-in-law of a major Senator of the party YOU support
Can't imagine what they'd do to people you actually don't like.
I thought it was a pond on a ranch and she was drunk driving and the primary issue was the doors wouldn't open so she drowned in the car? There was also recently a Cybertruck that crashed and burst into flames and the doors wouldn't open so the teenagers inside were burned to death in what could have otherwise been a survivable crash.
The problem is the physical latch is hidden for esthetic purposes. So when something happens that cuts power to the main door release, it's not easy to find the physical latch.
So for liability purposes they get to argue that those people weren't locked in, they just didn't know the safely mechanisms well enough.
In other words, they're built to kill you and get away with it.
Yeah, I remember this at the time and while a lot of people were relishing the schadenfreude, there was still the perennial point that when UI/UX is any more difficult than it needs to be for a loathesome person, it's equally difficult for everyone else, too. And when that UI is repsonsible for fundamental safety and it's overcomplexity results in confusion during an emergency... well, yeah, there it is.
Has he even said 'Thank You' ONCE yet??? So ungrateful...
And he's not wearing a suit either
“Oh no, the consequences of my actions!”
Elon has done some impressive things but his voice carry’s as much weight as the president. Even more. To call for civil war seems reckless and will stir up the MAGA side. So with all his money and power he isn’t able to form some kind of mediation between all parties. He could be a beacon of reason and peace with his immense wealth. Why choose this path so quickly.
Because MAGA doesn't respect discourse, only shows of strength no matter how sloppy or feeble
MAGA is also under the false impression that liberals don't own guns.
You know how they demolish bridges that have become unsafe to use?
Well... its the same with vehicles... 👀
Who knows how many lives these heroes have saved.
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