This article makes no mention of SpaceX. That's where most of Elon's money lies - and it's funded by the unlimited dollars of the US govt.
He could fold Twitter and Tesla tomorrow and remain one of the richest men on earth, and will 100% die a billionaire no matter what happens.
SpaceX is a private company too. As long as the Govt funds it - that handicapped Nazi is set forever.
It wouldn't surprise me if the US govt started buying Tesla stocks soon.
In any case, he is too rich to feel anything financially, but he has clearly been feeling the stock drop emotionally already.
More importantly, the fact that his public image is now toxic to stock value will absolutely make a difference for him and his businesses in the future. He has built his fortune in very large part by being the main marketing channel for all his businesses, and now that his image has turned into a negative one, it will absolutely affect his chances of collecting further investments in the future or becoming the head of new companies.
Unless Tesla does a new share offering buying stock is only gonna be a short term pump. I'd guess it's far more likely we see a government bailout of Tesla than them buying shares. Which, considering Elon controls the government, might not be as far fetched as you think.
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"Think I'm gonna be the scapegoat for the whole damn machine? Sheeee......."
A group of Tesla fans and investors has inadvertently exposed Tesla’s shadiness regarding crashes involving Autopilot by attempting to claim that the advanced driver-assist system was not active in a crash test.
It was not only active, but it also disengaged itself less than a second before the crash—a known shady behavior of Tesla’s Autopilot.
So basically the system realizes it has cocked up and has no time to avoid the collision, so instead of trying anyway, it turns off Autopilot so Tesla can claim the system wasn't active when the collision occurred.
Peak Elon.
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-James
GO FLAMES GO.
Quote:
Originally Posted by Azure
Typical dumb take.
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Unless Tesla does a new share offering buying stock is only gonna be a short term pump. I'd guess it's far more likely we see a government bailout of Tesla than them buying shares. Which, considering Elon controls the government, might not be as far fetched as you think.
I enjoy imagining a scenario where Tesla basically becomes the Lada of the US, and is government sponsored and the only car offered for sale. Basically MAGA pushed so hard against the left that they popped out on the other side with a mass conversion to electric cars by a state owned car company!
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The main problem with autodrive is that it's being beta-tested in the real world.
Not just by Tesla drivers mind you... but by ALL of us. I didn't sign dick all for release, but your autodrive Swasticar is coming down my street with my family on the sidewalk.
Here's hoping it isn't foggy or raining I guess...
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You obviously can't vote Putin out of power, but there's a lot Putin doesn't really care about (local stuff for example) or things that aren't threatening to him, and you can have elections and political debate over that stuff.
China also has elections on the lowest levels of power.
There will absolutely still be elections in the US even if it turns into a full blown dictatorship, there's such a long tradition of elections on so many levels of governance, and it will take much longer than 3 years to squeeze out opposition voices.
That said, GOP will do absolutely everything in it's power to make the next presidential election as unfair as possible, because they obviously can't let a Democrat take that position anymore.
Last edited by Itse; 03-18-2025 at 12:39 PM.
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It wouldn't surprise me if the US govt started buying Tesla stocks soon.
In any case, he is too rich to feel anything financially, but he has clearly been feeling the stock drop emotionally already.
More importantly, the fact that his public image is now toxic to stock value will absolutely make a difference for him and his businesses in the future. He has built his fortune in very large part by being the main marketing channel for all his businesses, and now that his image has turned into a negative one, it will absolutely affect his chances of collecting further investments in the future or becoming the head of new companies.
All Tesla has to do is issue a meme coin, and then the US government can buy it for the strategic cryptocurrency reserve. Then they don't even need the messyness of the stock market and it's regulations.
All democracies have elections, but not all elections are democratic. In Russia, all candidates have to be approved by the Kremlin. It's very easy for them to disqualify or bar people from running, so you mostly end up with candidates that are so bad, they have no chance or candidates that basically just endorse people to vote for Putin.
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"A pessimist thinks things can't get any worse. An optimist knows they can."
You obviously can't vote Putin out of power, but there's a lot Putin doesn't really care about (local stuff for example) or things that aren't threatening to him, and you can have elections and political debate over that stuff.
China also has elections on the lowest levels of power.
There will absolutely still be elections in the US even if it turns into a full blown dictatorship, there's such a long tradition of elections on so many levels of governance, and it will take much longer than 3 years to squeeze out opposition voices.
That said, GOP will do absolutely everything in it's power to make the next presidential election as unfair as possible, because they obviously can't let a Democrat take that position anymore.
There's also so much ad spend tied to elections, the U.S. economy would probably dip significantly if they didn't have one.
That said, GOP will do absolutely everything in it's power to make the next presidential election as unfair as possible, because they obviously can't let a Democrat take that position anymore.
They might not even have to do much if the Democrats continue to be such feckless opposition.
They might not even have to do much if the Democrats continue to be such feckless opposition.
It's kind of a damned if you do, damned if you don't situation. If the Democrats instead were all fire and brimstone and responded to the current status quo with the extremity of purpose and action that it actually deserves, the administration will no doubt find a way to throw them in jail or something. Mahmoud Khalil is test case #1; if that's allowed, then they're golden and can do whatever they want to anyone for expressing any position that they don't like.
Of course, it's a bonus if they're in the middle of military activities that require steadfast obedience, can't criticize the government in wartime, so let's invade our neighbour.
__________________ "The great promise of the Internet was that more information would automatically yield better decisions. The great disappointment is that more information actually yields more possibilities to confirm what you already believed anyway." - Brian Eno
I think what we could end up seeing is Democrat politicians adopting more MAGA friendly approaches. Most politicians only care about getting power. In the end, it might not matter who wins or loses.
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"A pessimist thinks things can't get any worse. An optimist knows they can."
The main problem with autodrive is that it's being beta-tested in the real world.
Not just by Tesla drivers mind you... but by ALL of us. I didn't sign dick all for release, but your autodrive Swasticar is coming down my street with my family on the sidewalk.
Here's hoping it isn't foggy or raining I guess...
Yes that is the secondary problem, the main problem is that Tesla went cheap on sensors and opted for sensors that only receive signal rather than ones that emit and receive (or both, like every other car brand in North America).
They are trying to do more than the other car companies have the risk tolerance to do, but they are also doing it with the worst technology and a lack of redundancies.
So basically the system realizes it has cocked up and has no time to avoid the collision, so instead of trying anyway, it turns off Autopilot so Tesla can claim the system wasn't active when the collision occurred.
Peak Elon.
How unsurprising….
Elon is such a piece of human garbage.
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I saw a Cybertruck this morning coming out of Mahogany. I can't in my right mind comprehend how any Calgarian would spend real money on this atrocity.
there are 2 or 3 in kelowna and i totally agree - they are absolutely awful.
in other news....
Quote:
Vancouver International Auto Show removes Tesla, citing safety concerns at event
VANCOUVER - Tesla has been removed from participating in this week's Vancouver International Auto Show over safety concerns, the event's executive director says.
Eric Nicholl said in a statement Tuesday that the show asked the electric carmaker to withdraw because of a "primary concern" for the safety of workers, attendees and exhibitors.
Nicholl said Tesla was provided “multiple opportunities to voluntarily withdraw.”
