644 billion on digital garbage. Sounds like another man's treasure.

So they're both going down ?

Seem likely, the bubble may already be bursting in China:

https://www.technologyreview.com/2025/03/26/1113802/china-ai-data-centers-unused/

xQuantum xEntanglement.

Wasn't there a conspiracy theory that Musk bought X using loan against his Tesla shares and that if they tank below certain value his loan will be called in?

The move could be a way to avoid disaster for him.

It's why accounting is often called a art.

Great minds think alike. I take it that AI is now almost as useful a lure as cryptocurrency to find a bigger idiot.

https://www.planetearthandbeyond.co/p/this-is-how-tesla-will-die

Not sure I'd put any credibility in the blitherings of this person. They claimed Northvolt would overtake Tesla and we all know how well that went. Years of screeching 'this is the end for Tesla' and they keep doing better.

Feel free to invest your pension in Tesla shares.......

Incest too?

And absolutely not financial chicanery to inflate the value of something. No. No way would that happen.

Not quite. He created a new thing that he knew would ride the bubble and then used stock in the new thing to pay off the loans in the old something.

Its just a shell game, with a slightly different valuation and probably some pesky T&C's on the loans eliminated.

so two worthless companies joining into one worthless nazi cesspit, sounds about right.

Fuck the nazi bastard and all of his worthless lying companies

Elmo Edison and the Gangster Capitalists

Worst. Punk. Band. Ever.

Everything about Musk's world view makes sense once one remembers that he grew up as a member of a rich white South African family during Apartheid and was in his twenties when Apartheid ended.

He did the same with Solar City - and made the same claims, which have been proven to be false.

This is a way of repackaging his debt and severe losses, and any sensible shareholders (and capable board members) would be screaming to the rafters right now.

The timing strongly suggests that Musk is preparing for trouble very soon - he's heavily leveraged, and the forthcoming numbers on Tesla are likely to see his (paper) wealth take a serious hit. The only thing keeping him afloat right now is the certainty of billion dollar contracts from the government through SpaceX.

Tesla is meme stock and the shareholders haven't realised it yet, apart from the shareholders on Telsa's board who are selling like there's no tomorrow.

JP Morgan realised it back in the middle of last year, and their latest target is $120 a share (whilst Tesla is inexplicably trading today around $245).

Current Tesla Price-to-Earnings ratio is 120:1 whilst for normal motor manufacturers 5:1 is more optimistic.

Seriously, this isn't even anti-Musk invective (though I think he's a dick), Tesla is w-a-y overpriced. Tesla is a meme stock buoyed originally by a market-leading product and now dependant (IMHO) on the expectation of favours from the US government.

Retail investors make up approximately $350 billion of Tesla's current market cap - and the vast majority of those have invested because they believe Musk is going to do something amazing at some point in the future. The fact that he's failed to keep their initial market lead, is being out-competed by China, has lost key engineering talent in the company and has failed to deliver FSD despite promising it for a decade is irrelevant.

Currently sites are full of people who are convinced there will be a new, super low cost model, a functioning Robotaxi, a working Optimus all appearing later this year. That's despite the evidence that he can't make margin on a low cost model, FSD is still not consistent enough to provide Robotaxi services (he's not even using it in the Hyperloop!), Optimus is waaaay behind Boston Dynamics and Unitree, and other "world changing" projects like the new Roadster, Cybertruck and Tesla Semi all being DOA.

This has become an article of faith, and it takes a lot for a true believer to accept they were wrong. That could be enough to keep money in Tesla to find time to discover that next breakthrough - but it's notable that all of Musk's big successes have come from buying into a highly talented teams' new idea, not from developing something in house under his direction. The teams that set up the roadmap to the Model 3 and things like the Falcon 9 project have all since left. The FSD team has been replaced at least a couple of times. Optimus appears to be a student project, and the grand X turnaround has turned into a half-baked attempt at keeping the lights on... it's not looking good.

I fully expect the stock price to remain in a fantasy bracket for most of this year. If it collapses, it will be sudden and deep.

"I fully expect the stock price to remain in a fantasy bracket for most of this year. If it collapses, it will be sudden and deep."

And extremely gratifying.

But there is a tomorrow.

Oh wait, tomorrow is April 1st. Does that matter?

Fear the ones who listen, nod, say nothing in opposition and go along with whatever comes to avoid any personal inconvenience.

This has been true since Genghis Khan, Napoleon, Stalin and that mini-mustached Austrian Corporal and his lot.

Saying nothing is tacit agreement to the hideous acts they perform. Giving ad money to a platform that promotes racism, hatred and segregation is one step above that.

What could possibly go wrong?

Nothing. If what you want is a neo-Nazi LLM.

Pretty sure that's what the elongated muskrat wants.

I am in no way defending AI, but Grok has been reporting Mush as the biggest source of disinformation on Twitter, just ahead of, you guessed it, Trump.

https://www.msn.com/en-gb/news/world/elon-musk-s-own-ai-chatbot-has-turned-on-him-and-says-he-s-spreading-misinformation/ar-AA1B9D1m

I'm sure an update to "correct" that is on the way soon though.

You probably want to re-read that article. Grok is not saying that he is, Grok is saying that others are reporting that he is.

"the future could not be brighter"

And yet with people departing in droves, revenue dropping from $5bn in 2021 to $2.5bn in 2024, that has to be a very low bar they've set themselves if the current situation qualifies as a resounding success ...

If the future cannot be brighter then it could possibly stay the same or will more likely go darker. First believable statement Yaccarino has made about X.

He's damaged Tesla and Twitter so much with his "antics" that it feels like this is a panic move designed to try and shield him from that before he's forced out of the car company (Tesla is publicly listed) and try to keep his wealth inflated.

“I mean, have you seen Tim Walz, who is a huge jerk, running on stage with the Tesla stock price that had gone in half and he was overjoyed. What an evil thing to do. What a creep, what a jerk. Like who derives joy from that?” -- Elon Musk, last week, making the joy even more enjoyable.

"before he's forced out of the car company (Tesla is publicly listed) "

By who? The Tesla board are a bunch of lickspittles who awarded him a bonus of $56bn, and with that bonus he'll have a personal shareholding of 20%. The institutional investors mostly won't vote against him, so there's precisely zero chance of him being forced out. Sadly.

"The fundamental weakness of Western civilization is empathy." - Guess Who.

So hey, fuck him.

Empathy has been officially designated a sin by right ring evangelical christian preachers.

And this coming from the same side that has decided it is now legitimate to assault people in the street due to owning a specific brand of car.

https://www.azfamily.com/2025/03/29/flagstaff-women-say-they-were-targeted-assaulted-driving-tesla-car/

So Musk is overpaying for Twitter again?

Lol he really is the funniest US comedian of the 2020s.

When someone is skilled at manipulation, ignore their words and watch their actions. He is and always has been laddering up, with debt as only one of his means of leverage. He bought X to amplify his words, which (plus buying the most expensive seat at Trump's table of government for sale) got him a big slice of power over federal contracting and regulation in one go, which he is openly using while obfuscating just enough for the political base to continue supporting his role. What's next? It's likely to involve privatization, on a siding scale from more contacts to his companies or those run by colleagues/collaborators to full outsourcing of critical functions. It'll start small and gradually grow. Watch for USAID to start funding admin-friendly influencers and news orgs. With the justification that they've been ignored versus left leaning groups that got all the funding. True or false? Well unfortunately it's not a dichotomy and he and trump love using non dichotomies in their manipulations.

Anyways, I wish intelligent people would stop calling him a Nazi or idiot. He is far more dangerous than your typical far right actual Nazi, because his means of seizing more power will be less obvious and will cross boundaries those might not think of doing. It serves his goals when his opponents just call him a Nazi or idiot.

He is an idiot and a Nazi. Neither of those things mean he isn't dangerous.

Hitler wasn't smart either. But look at the damage he did. The brains don't have to be in the same body as the mouth.

I down voted you because HE IS A NAZI and it is you, who should not underestimate the seriousness of that.

No, you've been told to think this but reality is different.

A few years ago Musk said that Twitter was not worth the price he committed to pay because it was infested with bots. Now he is making Twitter a subsidiary of a company whose purported main asset is a bot.

So, dude basically runs his very private Ponzi scheme.

The very rich often do.

Shuffled.

Titanic.

Without care of Elon nor his businesses I suspect people would have much less of a problem with government finding creative ways to do their accounting than a private business.

Move along. No corruption to see here.