I remember from the dotcom days, a Doonesbury cartoon about the archetypal dotcom company "its only product is its own stock, and everyone is paid in options"
A couple of questions for those more financially adroit than I am:
In ranking Musk's wealth, does it matter that much of it is unrealized gains (Tesla stock) as opposed to actual money in the bank? And if the Tesla bubble finally pops, what happens to his status as "the world's richest man"?
Is Twitter profitable? He seems to have greatly overpaid for it. And SpaceX is dependent on federal contracts whose fulfillment is—according to Will Lockett—well behind schedule. I would imagine the funding might also be vulnerable to a change in power in DC.
A woman who lives up the street from me bought a used Tesla a few months ago, but it has mysteriously disappeared and I haven't seen her to ask about it.
This is a very rural area and there is little to no charging infrastructure around here, so that could have been it. Or they ran into the "Time to replace all the batteries!". Or the fact that the closest Tesla dealer is 6 hours to Colorado Springs, or 5 hours to Oklahoma City.
I remember from the dotcom days, a Doonesbury cartoon about the archetypal dotcom company "its only product is its own stock, and everyone is paid in options"
A couple of questions for those more financially adroit than I am:
In ranking Musk's wealth, does it matter that much of it is unrealized gains (Tesla stock) as opposed to actual money in the bank? And if the Tesla bubble finally pops, what happens to his status as "the world's richest man"?
If the Tesla bubble pops, his wealth would drop considerably, but he also has money tied up in SpaceX and Twitter.
Is Twitter profitable? He seems to have greatly overpaid for it. And SpaceX is dependent on federal contracts whose fulfillment is—according to Will Lockett—well behind schedule. I would imagine the funding might also be vulnerable to a change in power in DC.
He’s the world’s richest private citizen, right? I think the Saudis are richer, or am I wrong?
Elon is a ketamine addict and going down the tubes! Too bad many investors believed in his bullshit!!!
A woman who lives up the street from me bought a used Tesla a few months ago, but it has mysteriously disappeared and I haven't seen her to ask about it.
This is a very rural area and there is little to no charging infrastructure around here, so that could have been it. Or they ran into the "Time to replace all the batteries!". Or the fact that the closest Tesla dealer is 6 hours to Colorado Springs, or 5 hours to Oklahoma City.
Will. I thought you'd be interested in this. Elon Musk’s Boring Co. Fined for Nearly 800 Alleged Violations on Vegas Project
https://www.propublica.org/article/elon-musk-boring-company-violations-fines-vegas-loop
When tesla pops the banks will want to cover loans against Elon’s other properties