Because he likely promised them all kickbacks, since they are all family and friends.
Yep. "This is the gravy train, ok? You supply the gravy, I keep the train going. This is a partnership."
Can someone explain to me why Musk buying less than 00.1% of the shares caused the stock to go up 20%. This is clearly a PR stunt. If he wanted shares he would just go through with the xAI acquisition.
You explained why he did it. Tessler investors just need more hopium whenever shares start falling.
If you think about it, this is a sign the stock is a bad place. I expect the next quarter numbers are going to be worse than expected.
Guessing the same. He’s giving himself some runway when shares fall. Cost him relatively little to do it.
Because it isn't a stock at this point. It's a publicacly traded meme coin, and there are a lot of morons around.
Since COVID happened, I’ve been shocked by how many of them are out in the world and still able to walk up right. I knew it was a problem before. But never this bad.
Tesla used to be a real company, with a real vision, and capability... Until Felon stole it. Now it is a pure meme, based on believing someone that rivals Trump for lies.
You know what's crazy, if Tesla goes through with funding $5 billion in xAI, the stock will probably increase even though Tesla is supposed to be an AI competitor
Teslas value isn’t correlated to its actual performance as a company, but rather how much vaporware copium the people dumb enough to invest in the company are willing to snort
Put the money towards actual r&d, not enrich a Nazi.
There's also a healthy contingent of smart people profiting off the morons. They'll bail before the fall.
The board doesn't think. They obey. If Tesla had any form of corporate governance Musk would have been ousted a decade ago.
Honestly I'm surprised they haven't sold off the car division and rebrand as a strict tech company, selling mostly vaporware and buggy software like most other tec companies do.
Ideas are worthless. Execution is everything, Without Musk Tesla would have gone bankrupt without selling a single car. The 'founders' had no money, no product and didn't even own the Tesla trademark. The founders all left before the first vehicle (Roadster) was even launched.
Even if there was some sort of corporate governance, Musk would have likely removed them all long ago and replaced them with his "yes mans".
clearly some sort of stock manipulation. small Investors are likely getting scammed or cheated by Tesla anyways.
"Felon" really made me fall off my chair and start laughing unstoppably for the next 10 minutes.
Sure because Tesla didn't have anything to offer so it relied on Musk's image and social influence for its sales. But don't worry, even that is going to crumble within the next few years as Musk went to extreme right.
Exactly. The top 1% likely knows the next move and they just coordinate together to earn more while cheating smaller investors.
They know money can't solve any of their tech problems, because it's all boondoggles. Even if they designed a proper new mass-market model (which is sorely needed), it'd still be hampered by Elon's "FSD first" bullshit. And money can't solve FSD, because a single-sensor solution will never work.
R&d could take the form of putting lidar on Elon's forehead so he looks as stupid as he is
It's already keeping him out of politics... Oh wait, he just gave a bullshit speech at a far-right rally in the UK
I think this is the best explanation I’ve heard. He’s making a smart move to throw money in now to keep the price up since it’s the best ROI to act before the stock has a chance to slip.
The kickbacks are for everyone who owns TLSA if he can bring it to 9T mcap valuation.
The fact it is always tied to valuation and not the actual state of the business says everything. Blow the bubble bigger and ignore the fundamentals of the business, it totally can't turn out poorly.
The numbers don't matter but they did hit a bottom I believe. The new 3 and Y are pretty decent and they can ratchet up incentives as needed due to their massive cash position. The stock has a PE ratio of 250. Does it matter if they sell a few more or less cars?
> The numbers don't matter but they did hit a bottom I believe. the brand is ruined and has no hope of recovering
because cars are 90% of their revenues? Theyve been trying to license FSD for years, nobody is interested
At this point, TSLA is nothing but an open-market ponzi scheme. Everyone knows they are gambling but think they can stay in until the last, read the table, and scoop up their chips at just the right moment before everyone else. When it goes, it's going to be spectacular.
No Elon demands a supercharged compensation package. So forget all this save the planet rubbish he tried to promote a few years ago.
Tesla board: [https://m.media-amazon.com/images/I/81Eo4SbsSwL.jpg](https://m.media-amazon.com/images/I/81Eo4SbsSwL.jpg)
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