Elon Musk's SpaceX bought tens of millions worth of Cybertrucks Tesla can't sell

That’s a such a good use of tax payers’ money. Elmo is a visionary, we all should learn from him.

I love the photo is of everything the CT could never achieve from fitting an ATV, built in ramps, and even door handles.

Yeah they are all over Kennedy space center

We should. I wanna be a trillionaire. 😂

Someone told me Tesla is doing amazing and everyone else is in a bubble because they had "higher than expected sales"

It’s sort of like the circular accounting among tech companies like NVidia, OpenAI & Oracle - all churning money in a big circle and contributing to each other’s profits! 🤣😂🤷‍♂️

Cool ain’t nobody gonna work there now if that’s the company car you get

I am learning

Trillion dollars IPO secured

Work for SpaceX, get a free cybertruck

This ponzi scheme that is the Musk conglomeration of companies (supported by massive government spending)... is getting ridiculous. As someone who watches this company like a hawk, and noticed inventory of model 3, Y, S, X had grown pretty significantly over the past couple of months... I found it a bit odd that the CT's inventory seemed to be stagnating at a fairly low level. Clearly not because customers were buying this dumpster fire. I knew SpaceX and xAI were buying up these trucks... but I had no idea how many! SpaceX purchasing 1000 trucks would have cost $80+ million, and the article suggests they may up that to 2000. I wouldn't be surprised if SpaceX overpaid for these trucks, claiming, "but we needed additional cyber security in these trucks" or some other nonsense. My guess is they paid at least $100k per truck. Taxpayers are still largely funding SpaceX, FYI. Through billions for the Artemis program contracts, through billions for Starshield contracts, through overpaid government satellite launches, etc...

Well they obviously could sell if SpaceX bought them.

Reminds me of stories about the Great Leap Forward where they would move all the steel from one location to another before the inspectors arrived so they could pretend production was up.

Musk fires anyone who isn't a true believer. From interviews I've seen of Tesla staff... even line workers.. many of them have drank the Koolaid. Which is ironic because I imagine a lot of them aren't even aware that Tesla underpays their line workers.

Exactly as I predicted. They got billed to some governmafia contract so the taxpayers eat the cost. It would be interesting to see the invoices to see how much price gouging is involved.

Gotta keep the money moving!

They are clearly branded as SpaceX, so I don't think there is a line item in their nasa contracts for the trucks, SpaceX has pretty consistently used Teslas for its company drivers. Its more of an instance of musk using one company to prop up another company.

My guess is that Musk basically gave them away to SpaceX for like $1 and wrote off the loss. It wouldn't surpise me if SpaceX in turn adds them to assets at full retail value, plates them up as company vehicles, maybe toss the key cards to a few employees and then further write them off against taxes. It's a fucking shell game. EDITED: to include retail value

Like his “charity”… just buys from himself

It's weird because I know a couple of 7-12 yr employees there that definitely do NOT drink the Kool-Aid, but they're staying for their stock to go liquid and he keeps them because they're uniquely good at what they do. One is even Trans.

Wait till SpaceX buys 10s of thousands of Oprimus robots to  goto Mars

I mean OpenAI depends on nVidia chips. And OpenAI definitely uses databases, not sure if they use Oracle. It's not really a comparable situation.

SpaceX provides the cheapest mass to orbit anywhere in the world ... so how are taxpayers overpaying for their launch services ?

And if SpaceX goes public. You get all those on their books. lol.

You know whats funny? You gotta rent the cybertruck, Even if youre an employee 🤣

Very similar to this cybertruck situation, people forget about Tesla purchasing SolarCity. Elon did this because SolarCity was going bankrupt and close to worthless. SpaceX had purchased hundreds of millions of SolarCity bonds. If SolarCity had been aloud to go bankrupt there is a good chance it could have had huge negative impact on SpaceX because they would have write down hundreds of millions of those SolarCity bonds as worthless.

Stick them underneath the next SpaceX launch and at least give them a half decent cremation…👍

He's "just moving sand" as my wife likes to say when you shovel debt from one loan to another, and never actually fix the problem or pay anything off.

And the shell game continues.

Oh, so the taxpayers bought them then since SpaceX is a government subsidized scheme. Cool.

How’s your parents’ emerald mine with slaves doing ? That’s the very first step.

Couldn't they just use taxpayer dollars indirectly? Use government money for space shit and then use company cash to buy the trucks instead

Isnt that just fraud

Slushy slush corporate America at its finest. Just move the money around offsetting losses here, boosting stock prices there........EVERYONE'S DOING IT!!!! NVidia, MS, OpenAI, etc....... has shown the way. And hey, let's bring back credit default swaps while where at it! Keep this party going!!!!! Until the whole thing comes crashing down. Gonna be a WILD ride!

Could of course just be carefully curated propaganda from the company. As to your trans friend; how much Musk actually does at the company anymore is anyone's guess; but I doubt it's much. Plus, firing a trans person because he disagrees with their identity would be pretty blatant ~~racial~~ workplace discrimination, and would get the company sued. Edit: Fixed "racial" discrimination to workplace discrimination

And not contributing to better the world... sounds about right.

LLMs don't use databases the same way where Oracle would make any money that way. The path was that Nvidia would invest in OpenAI, OpenAI would buy cloud services from Oracle to scale, and Oracle would need to buy Nvidia chips to power those services.

Burning both ends of a stainless steel candle.

Elon should make a deal with Trump to give a Cybertruck to every ICE agent recruit instead of the $30k signing bonus. He gets rid of surplus “trucks,” gets cash for them and a write off for the difference. I want ICE agents to have Cybertrucks.

Darn. I guess it isn’t happening for me.

Then why do they constantly need to raise money then? Just because they are the cheapest doesn't me it is profitable.

This happened about a decade ago with SpaceX, Solar City and Tesla. Each entity would invest in the other, to keep them from collapsing.

So we paid for them. Peak capitalism

Like why does a Space Exploration company invest money in ANYTHING other than themselves?

I think that’s great 10 years from now they will be the most sought after vehicle worth double

The US government gives SpaceX billions of dollars per year, yet also has to pay market rate for launches

This is the essence of late stage capitalism. When the promise of infinite growth meets the reality of a finite world, capitalism increasingly becomes about shifting capital from one place to another to create the illusion of productivity.

Seeing how wasteful SpaceX is, makes NASA look even worse. What NASA been spending government money on that they have to use so much Russian or SpaceX rockets? I am someone from former USSR, and there was a tons of wasted and corrupt spending in there as well ( still is) … sure it finally looks like Russian time in space is coming to the end. But NASA should be able to be more efficient and less wasteful than Spacex? No?

Let's talk bonuses

It seems like that should be very illegal.

NASA was extremely efficient when they did things in house. But now, like so many other government agencies, they are forced to outsource a lot of it because there is money to be made off those contracts and it's all very political. Like SpaceX literally started off just re-using NASA designs for rockets and going from there.

Where are all of these trucks though?

Buying it to write if off as company vehicles. Both his companies win

Payload testing as they try to launch them into the sun?

Who is Elmo?

Correction: we the American taxpayers bought them. Since we the American taxpayers are funding SpaceX, which is no benefit to us.

While suckers and losers like Nvidia, oracle and Amazon are moving money and GPUs in a circle like idiots, musk figured out that you can make that money circle with your own companies.

I mean no it’s not. That’s crazy but there are consumers at the end of that. Consumers who don’t pay but consumers none the less. This is using government money to buy surplus stock to unfuck the balance sheet and cashflow. There are no consumers in this

This is securities fraud, but the favored son will get away with it per usual.

NASA had problems that started before SpaceX? No? That is way NASA had to look for outside’s help so they can achieve NASA’s goals within NASA’s budget. That is why NASA used so much Russian help before SpaceX

Again, the problem was NASA was forced to cut back on inhouse development and rely on outside vendors that they don't directly control, which leads to waste and political abuse. This started decades ago. I'm sure most people at NASA would love to drop the Artemis project all together, but Congress won't let them (or give them the funding to do the work in house).

Yes. Which is why Tesla bought X and Grok, to disappear the massive debt and get funding.

He’s self dealing bc no one else wants to deal with his ketamine fueled narcissism.

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Would be nice if Government design rules for vehicles was updated to "must have manually operated exterior door handles that are accessible in an emergency". Probably no one thought that any manufacturer would be dumb enough not to have door handles so it wasn't included in the rules, yet here we are.

It's still ongoing. Solar City was in trouble, leading to huge bond purchases from the Musk family and SpaceX. SpaceX was primarily being funded by the federal government. The bond purchase didn't help, and as Solar City continued heading towards bankruptcy, the destruction of that bond value could have bankrupted SpaceX and tanked Tesla. It would have tanked Tesla's valuation because Tesla's largest retail shareholders (Musk family) would have lost an enormous amount of money on their Solar City investments, which would have likely lead to loans being called in, which could have forced them to sell Tesla stock. With the Musk family being the largest shareholders of Solar City, and with Tesla massively overpaying for it in an all shares sale, Musk & fam got a huge chunk of Tesla shares, increasing their control over the company, while also bailing out SpaceX, for which Musk was also the largest shareholder... driving his wealth up through the roof. As we know, around this time he started using his shares in his companies to take out large low interest loans which he used to buy up even more Tesla shares on the open market, driving its price up and restricting the number of actively traded shares, making it easier to manipulate the stock. That all came to a head when Musk manipulated Tesla's sales number to confirm 4 profitable quarters and gain entry into the S&P 500, where index funds were forced to buy Tesla shares, causing the stock to suddenly appreciate by over 800% in 2020 alone. Musk is using the same playbook today. He bought Twitter and drove its value into the ground, then illegally started xAI. (Illegal because it was a direct conflict of interest with Tesla). Twitter struggled, but its value was artificially boosted just before xAI bought it in... you guessed it... an all shares sale of which Musk and friends/fam were the largest shareholders, increasing their stakes in xAI. Last I checked, Musk's xAI stake is around 58% of the company, and no doubt his close friends and family also own a large chunk. Now Tesla has been approved by shareholders to purchase xAI in... you guessed it... an all shares sale, with xAI massively massively massively overvalued. When this sale goes through, Musk and fam will get the lion's share of the Tesla stock, increasing their stake in Tesla, likely to well over 30% of the entire company. And if we're being honest, his control over the company clearly already exceeds 30% today, given how "shareholders" voted this last time around. They voted for nearly everything he could possibly ask for... oddly intentionally reducing their control in the company. If Tesla's share value tanks prior to the purchase of xAI, but xAI's value is still being hyperinflated, then the number of Tesla shares needed to purchase xAI will grow, netting Musk & fam an even larger stake in Tesla. It's for that reason that my belief is Tesla expects their share value to tank significantly this year, and Musk will use that as justification for needing to purchase xAI (to boost Tesla. xAI is a private company that doesn't have to show its financials... allowing its value to easily be artificially overinflated at the time of sale to Tesla, and Tesla will of course never sue xAI for falsifying their valuation claims. Once that purchase is complete, Musk will do everything in his power to re-boost the share price... even using his massive stake to once again take out loans and buy Tesla stock on the open market, pushing the stock price up, along with pushing his own net worth up well above $1 trillion. Hyperinflated paper money... but it is what it is.

Aaaaaaawwwwww!

Why? If what NASA did was efficient? Sure today we can attribute this to favoritism of specific administration. But there had been many different administration who had very different focuses. Including administrations that were focused on supporting government programs and resisting privatization of efficiently run government organizations.

Bought with money probably originally destined for nasa. Musk needs to go to prison.

Did you find anything? Are people like you really interested in going through thousands of users’ comments in order to wiggle out from having to make a simple reply to someone’s argument ?

I know someone who recently moved to Florida. He told me this week that he sees Cybertrucks all over the place. My guess is they're being used as company ~~cars~~ dumpsters. Then again, it could just be Florida man.

The best part of the whole setup is that the church of Elon are just lapping it up. They’re begging to carry his bags. When SpaceX goes public things are going ballistic. Elon will be the first trillionaire for sure.

Really great having a CEO that doesn’t have any loyalty to the multiple companies they run also. Xai needs chips? Fuck Tesla shareholders take them from Tesla Tesla cybertruck suck? Fuck SpaceX shareholders, dump them there since they have the liquidity Cousins solar company a house of cards? Fuck Tesla shareholders, buy the whole fucking thing regardless of the numbers. It’s such self dealing bullshit. Then demand 1T as a comp package from Tesla even though you get a part time CEO who won’t hesitate to bailout his other companies where Tesla shareholders have no ownership. and that’s even assuming he does any work other than spreading racist white replacement conspiracy trash

Tickle Me (for a horse) Elmo.

Its more of a tomato/tomato thing, I personally think the outrage should be placed at how unethical it is to prop up a company whose finances have to be publicly disclosed with funds from a company whose finances don't have to be disclosed yet at least. As long as the contract milestones are being met by SpaceX, which ostensibly they are, it doesn't necessarily matter how they are spending the money that the government gave them at the start of the contract. Let me be clear, eventually musks shell game of hiding his poor decisions will catch up, and I will relish when it happens, I just hope that SpaceX the company that represents the most viable avenue for American space flight isn't a casualty, that it continues to exist maybe without musk at the helm.

I heard there are over a hundred teslas in Cape Canaveral spacex OP’s that mostly just sit parked un- used

I know a few SpaceX employees. From what I understand, management is competent and protects most people from Musk's chaos. There's some Kool-Aid drinking for sure, but it doesn't seem to be an environment where you drink the Kool-Aid or get fired. That's not the case at Tesla or Twitter.

Because it's a company that exists for the benefit of shareholders and shareholders want a return. Berkshire Hathaway was once a textile manufacturer. American Express was a delivery service. SpaceX isn't a space exploration company. It's a corporation whose purpose is to earn profit for investors. It does that by building rockets today. There's no guarantee what it will do in the future.

There's a video embedded in the article, that shows hundreds on a parkinglot at spaceX. Maybe the just scraped the metal from the others?

Must be the learning.

Criminal fraud requires a victim. In this scenario, the victims would be SpaceX investors. If investors aren't willing to make a stink about it and work with prosecutors then there is no case. The recent IPO news suggests that every investor will make a crazy multiple on their investment in the coming year. When a CEO pulls bullshit like this investors tend to look the other way when they are getting outsized returns. If SpaceX were struggling I'd expect both civil suits and criminal fraud.

Because politicians who are paid by defense contractors who promise jobs for their districts. This is a decades long trend. Stop acting dumb about it. NASA hasn't been the same since the 80s.

They're overpaying for stuff like Artemis which SpaceX has totally failed to deliver on so far and shows no signs of recovering.

Tesla has been losing talent for almost a decade. Read the 2018 employee survey that was leaked. They're all trash talking Musk and saying he is killing the company by driving talent away.

> Plus, firing a trans person because he disagrees with their identity would be pretty blatant racial discrimination, and would get the company sued. They've been sued multiple times for racial discimination

If you want to work in auto or social media there are plenty of options. If you want to work on rockets there are few options.

The never ending grift. But also the reason I will never short TSLA. He has dozens of levers to pump the stock...pretty much endlessly.

Oops, I meant to say workplace discrimination, not racial discrimination.

Do you have any sources on this? I’ve worked with several engineers who were previously employed at NASA and they all gave me a completely different story than the one you’re presenting.

I actually do think that some politicians are better than others, apparently you believe that they are all equally bad, corrupt and incompetent.

I was a tesla shareholder at the time of the solarcity acquisition proposal which we had to vote on. I remember how skewed the wording was, and how it was written quite boldly below each voting topic "THE BOARD RECOMMENDS: FOR" (as each voting topic was a for / against single selection).

The scammy bastard

So much learning

Lol you mean the US taxpayer bought a bunch of cybertrucks

True enough at SpaceX. I think there's a big difference between how SpaceX has been operated versus Tesla. SpaceX is literally being used to drive US government policy. If anyone thinks Starlink and Starship are being so heavily funded by the US government because they want Musk to become a great success, then I have a ketchup popsicle to sell you. \_\_\_\_\_ To go off on a tangent... SpaceX/Starlink is being heavily funded because it serves US interests to have a global ISP (Internet Service Provider) that could potentially wipe out foreign competitors and monopolize internet service in multiple nations. This gives the US government significant control over those nations' internet service... with the ability to spy, and even cut off internet service to entire nations during conflicts. It also ensures the American military and spy agencies have internet access anywhere in the world, using an ISP controlled by the US. If it had been another US company that got a jumpstart on a satellite constellation for internet, the US government would have supported them instead. What wouldn't fly is trying to offer a NASA or US government owned and operated global ISP. No country would have allowed it. But a private for-profit company OTOH... Sadly, by doing so, the US government is helping to quickly make Elon Musk... among the most terrible people in the world... richer and more powerful. For the record, Musk didn't even come up with the idea for Starlink. The man who envisioned it (I ironically forgot his name) brought the idea to Musk, but decided to go elsewhere to try and implement it. Musk stole the idea and ran with it, quickly building a plant to build the satellites and quickly starting to launch them, thus starving competitors of engineering expertise and slowing them down, so as to make them uncompetitive. Starship's development, while portrayed as the launch platform for Artemis and the Moon Mission in order to justify funding, actually isn't for those missions. Its primary use case is launching Starlink satellites at a faster rate and a cheaper price... on account that Falcon 9 rockets don't have enough capacity, making them too slow and too expensive to build out the intended 42,000 satellite constellation.

Isn’t this like using one credit card to pay off another one?

Self dealing and other financial crimes.

Tell the SolarCity inbred bailout story again

Whatever shell game he needs to play to keep stock prices overvalued. I think his whole enterprise relies on Tesla being overvalued. As soon as shareholders figure out he’s not the genius he claims, the whole house of cards collapses.

Correction: American taxpayers bought tens of millions of dollars worth of unwanted mobile crematoriums.

Cooking the books Enron style.

Imagine if we lived in a country where fraud was illegal.

I'm surprised he didn't force the government to buy this fleet. You know for Mail carriers, and gov't employees.

Did this already happen? I kinda fear it would.

Damn! That was a great read! I didn't know that the Xai sale actually happened. I just feared it would have.

Don't count on it.

The last I heard was the $5 billion xai investment (not full purchase) was being "deliberated" by the board since a good portion of the shareholders supposedly sustained from voting for it.  Maybe something has changed since the Tesla shareholder vote but I wasn't able to find anything.

Isn’t this technically illegal? It’s like stuffing the books with orders in Dec and canceling them all in Jan…

How did we become communist China? I did not have that on my bingo card

This company seems to be run in the interest of shareholders. At least one specific shareholder.

They're kinda forced to atp. The big part about being scammed into a pyramid scheme is that you start to shill it to everyone to save your own bags

Yea and were all chaff

If that ever had a chance of materializing then you can assume it was doged.

I hear the US Army has found a good use for them. The sheet metal construction is sturdy enough to take many more hits from Hellfire missiles with paint-filled warheads than junked pickup trucks/SUV's. And easier to de-toxify; just one large battery and a radiator to remove, instead of a small battery, engine, radiator, transmission, fuel tank, and any differentials/transfer cases. So, Cybertrucks apparently make better & cheaper Apache practice range targets than junker trucks. They have found their niche.

While mechanically operated interior door handles \*are\* mandatory, apparently the regulations forgot to specify they had to be easy to access, and obvious. Presumably because it never occurred to anyone a car maker would put them behind a trim panel.

They are two different companies. Most likely using US taxpayer money to pay for them.

Iirc spacex doesnt have any cost + contracts

I recon this might also have something to do with Space X going public and Musk at the same time announcing that they will work on new satellites for Starlink that will double as server farms for AI. I guess he’s gone phishing for other people’s money.

All this text rendered incomprehensible because I have to know what ISP means.

Internet Service Provider

The ridiculously stupid thing about all of it is that he was always quite obviously a self promoter and grifter, and people just followed blindly. I’m not talking about the investors; they don’t care as long as the money flows in. It’s the people who bought into his “vision” gulped the koolaid. He has never actually come up with any product ideas himself. His gift is to think his way through the system and cash in on other people’s weakness and apathy. Now, he can’t be stopped by anyone not buying a product. Government won’t stop it because everything is so intertwined and corrupt. He is a very gifted snake.

Sometimes left hand has to help the right hand.

Then you’ll love this thread… https://www.reddit.com/r/Jokes/s/xmC0TZUBfr

It’s a bit bigger of a scam. Spacex didn’t need cyber trucks. Muskrat needed to sell cyber trucks and the American people footed the bill.

SpeceX (not confused to Twitter X, or with xAI, or with Xae12 Musk mass produced child) is also rumored to go IPO for a trillion dollar in 2026. Someone is smelling a crash, and want to get to a trillion net worth before it's too late.

Always makes me think of that copium post i read "once people realize how great it is they will sell like crazy" Any minute now..... aaaaaaaaaaaannnyyyyy minuteeee.............. hmhm \~ push F5, I will update this post once it happens! You dont wanna miss it!!!

These were real vehicles, right? Unsold stock sitting in a parking lot? Because I could totally see him doing a paper transaction where SpaceX gets titles and VIN numbers, and Tesla gets that sweet, sweet cash while no actual trucks are ever produced. Yeah, I know SpaceX uses Teslas at their facilities, but this could be in addition to al that.

I had a couple of questions, one of which I looked into. How many employees does SpaceX have? I saw a number of about 14,000. So, that is one Cybertruck for every 14 employees. Are the Cybertrucks replacing existing vehicles or are these vehicles filling a new role?

It's crazy since you can get away with a lot in business, but the one thing you can't normally get away with is screwing over your investors. Yet Musk is consistently doing that now - xAI investors are now involuntary Xitter investors, while Tesla investors give xAI some revenue and SpaceX investors fund Tesla revenue. It's just turning into a huge ponzi scheme at this point.

Enron anybody? Moving people from floor to floor to look staffed during tours of the building by investors.

Potemkin village economy.

Can't wait until theyre all to big to fail..

Having such rules would stifle innovation and is communism according to the cultists.

One of the many reasons, SpaceX will eventually go public. They have to dump some of this on investors.

See this in investments. Crypto still basically has no use yet it's value is staggering relative to its price at inception. It's a straight pyramid scheme, which you can see in real time with every rug pull. Yet even serious financial reporting talks about it as if its creating true economic growth.

You're right, I wasn't aware the abstentions technically counted as No votes, so the proposal was voted down. There were more Yes votes than No votes though, and the board seems like they'll be trying again in the future. What better time than if Tesla stock tanks and it weeds out the weak non-cult like investors from stock ownership and the voting pool, while the board argues that Tesla must buy xAI to re-boost the value of the company. Even so, those who voted did actually do so knowing that they would be boosting Musk and Fam's control over Tesla. I didn't hear anything about the purchase only being a $5 billion investment; maybe that was implied, but not formally stated. I could be wrong. From what I'm reading, the proposal was simply: "A non-binding shareholder resolution to allow the Tesla board to invest in xAI." FYI, Tesla doesn't even need to buy xAI out in totality for Musk and his friends/fam to get an enormous amount of Tesla shares. The amount of Tesla shares they get grows the lower Tesla's share price drops to, so long as xAI's valuation stays elevated. I was arguing before the vote that Musk wanted Tesla stock to tank before buying xAI. It's not outside of the realm of possibility that they already knew the way the vote would go prior to the vote happening. Afterall, Tesla stock hasn't dropped yet, which would be more favorable to Musk.

SpaceX is making most of its money from US government. This moron is using US government money to buy Tesla cars in order to boost Tesla stock. Frankly, I never ever liked Tesla Cybertrucks, they have ugly design.

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Hahaha should have specified China 58-62

[Let me google that for you.](https://lmgtfy.app/?q=isp)

Is there even that much liquidity available in the market to fund ElMo's wacky schemes? TSLA doesn't have the cash flow to sustain the cash burn rate of xAI

... I figured flying car meant flying from town to town... guess SpaceX is gonna rail gun us to mars in a cyber truck.

"See! They are selling like steamy hot cakes!"

I have a feeling that when the music stops Oracle will be the one without a chair.

He's created a self-sustaining circular economy!

Tesla doesn’t XAI

Own

Did Tesla buy xAI? I missed that announcement

It was more of the news reported leading up to that regarding the $5 billion investment into xAI.  Musk supposedly stated he doesn't want to go public (I imagine he doesn't want anyone seeing under the hood).  My guess is Musk needs liquidity for xAI since it is very unprofitable and Tesla only likes paying out stock instead of cash (not sure why when Tesla investors don't give a crap about fundamentals).

Amazing description :)

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is that true? I thought they made most of their money with Starlink?

The irony is that shifting capital from one beneficiary to another is the definition of economy.

No no we bought them… who’s space ex’s biggest customer and this was just part of guaranteed overhead coverage … and who’s watching the books … JH Christ wake the fk up!!!

Why do u think the US needs high speed rail? Airplanes do the job just fine, distances are too great and a lot of the fast rail in china is just for show, it makes no sense.

that's essentially what it was. workplace discrimination based on race https://www.theguardian.com/technology/2024/mar/16/tesla-settles-racial-discrimination-claims

That’s so dumb!! One of key advantages of high speed rail is they can run in rain & storms and during lightning & thunder! One lightning storm and planes are grounded! We have had so many examples of major storms that come through and totally disrupt air travel, prevent airlines from even getting staff to key hubs, etc. And sometimes those disruptions takes days or even a week to fully iron out and get back to normal!! It’s a logistical nightmare. If we had high speed rail between key cities, airlines could even transport their staff regardless of weather & ensure smooth operations once weather clears. 🤷‍♂️ If airlines were smart, they would have funneled their profits during good times to building commercial high speed rail & building strong vertical ownership of 2 major means of rapid transport over long distances, one of which could function in huge range of inclement weather.

> They got billed to some governmafia contract so the taxpayers eat the cost. I have limited insight on how SpaceX's contracts work but I am quite familiar with US contracts for humanitarian work from various agencies. These are competitive bids with copius amounts of documentation including line item budgets and you simply cannot deviate from them without getting explicit written permission and only based on some compelling justification. There is freedom within budget lines to select supplier, so SpaceX could have a vehicle budget which they've spent on Cybertrucks, but they would still (theoretically) be required to evidence a competitive procurement process to demonstrate value for money and that there were no conflicts of interest which has to be documented. What enforcement exists in the Trump admin today is questionable but I just wanted to address the idea that US gov contractors can just bill the taxpayer for whatever they like.

> In this scenario, the victims would be SpaceX investors. If investors aren't willing to make a stink about it and work with prosecutors then there is no case. Educate me, if the authorities discover a crime, aren't there means to investigate even without any input from the affected party? Clearly that is the case with something like murder. Why not for fraud?

In this case, the fraud would be breach of fiduciary duty. Musk is legally obligated to act in good faith interest of shareholders. How do you convince all members of a jury that this isn't in the interest of shareholders if you can't find shareholders willing to testify that this wasn't in their interest? There's no legal standard that says the victim has to agree for prosecutors to file chargers but the entire justice system is deeply grounded in the concept of restitution for the victim. Prosecutors rarely pursue charges if the victim isn't on board. You sometimes do see charges and convictions when the victim is not cooperative but it's more difficult to win the case. This is not uncommon in domestic violence cases. Authorities can investigate this. They can bring a charge. Convincing a jury of guilt? It's a waste of time, money and effort if shareholders aren't on board with the prosecution. To answer your original question more directly, a murder victim can't speak. When the victim can speak, a jury will want to know that they have to say about what happened.

fElon creating a market for his failed project, boosting sales by essentially selling to themselves, reap stock incentives. Rinse, repeat.

next step, your dad marries your sister. the odds are stacked against us sadly.

And Trump, since the govt is the largest SpaceX customer

Only if you squint really hard

Ponzie scheme. Multi-level marketing.

Old news

This would explain why Tesla’s stock price keeps climbing. It’s insane

Other folks commenting on that article estimated govt contracts to be ~30% so no that does not appear to be true

All payed by tax payers money

Ah, Enron.

I just wrote this very thing. This is a super Enron thing to do.

I'm going to have to start calling him Enron Musk.

Buying from Peter to pay Peter

You never passed economics 101, did you?

And because the merican tax payer subsidies space x… the public purchased them. Enjoy 😂

What a joke…