this post was submitted on 21 Jul 2024
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US Authoritarianism
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SpaceX/Starlink is worth much more than Tesla.
Elon is a dipshit but he’s not dumb.
This is just straight up not true. SpaceX is worth 210b and Tesla is at 712b. It's not even close. I think you really need to ask yourself why you're willing to either lie or be so easily manipulated into believing a lie and then circulating it just to try and make Musk look better to Internet strangers. 2 seconds of searching to find out that this is not true but you didn't even think about it. Why is that?
This is a fairly infamous troll account. Everything they post is demonstrably untrue and commonly inflammatory.
Totally unnecessary. You're comparing a publicly traded company running on memes and a strange cult of personality to private valuation.
Now that China and other domestic competitors have ramped up EV production Tesla's dominance of the niche is going to fall, especially considering the flop that was the Cybertruck and the brand damage Elon has committed.
We are already seeing protectionist measures being enacted for the EV sector.
In short, SpaceX and Starlink have a market to dominate (whether we want it to or not, it seems) while Tesla, a grossly overvalued company, is only going to see more competition and deepened irrelevancy.
The ROI on electric vehicles dwarfs the SpaceX program. Whether Tesla flounders or not, the car market is more profitable (and therefore more valuable) both by the marginal return on units and the industry market cap.
Starlink might keep an edge over Chinese and Indian programs (doubtful, since India can send a probe to Mars for $75M). But the global satellite market was $4.23B last year. The global car market was $578B.
Orders of magnitude different.
If you own two businesses and are putting one of them in jeopardy for no good reason, that's still quite dumb.
I don't know if it is drugs, or some neural damage caused by covid, but his recent actions didn't bring him any profits only loses. Tesla is getting less and less sales despite sales of EVs going up.
I think it's the drugs. He used to be at least somewhat sensible. In recent years he's just been acting totally bonkers. But having unchecked power will do that to you too, of course.
Well, drugs is obvious, but covid is also known to cause cognitive issues: https://theconversation.com/long-covid-puzzle-pieces-are-falling-into-place-the-picture-is-unsettling-233759
I mean there were some signs earlier (of course those who know him will say he always was an asshole, but at least he was better at masking it) it was 2020 when he went full bonkers.
Your guess is as good as mine.
He might not be dumb but he's not smart.
He’s dumb. He just has a lot of money.
He appears dumb to me too, but to others he is a genius. I'm content with just calling him what he is... a narcissist.