It's incredible there is something wrong with a group of people completely unable to see when someone is lying to them. And no matter how many times they are lied to, as long as they are rich enough they believe them.

I don't know what to think anymore about this. He has continuously conned his way along and does it just long enough to jump to the next con.

Tesla is crashing and somehow people though giving him a huge pay package made sense. Cyber truck is flopping but now he's again living off government graft by having another company buy up the dead weight supply. Tesla is only around because of govt subsidy and now that that's dead he's turned to another govt spigot. While supposedly being opposed politically to what he's doing.

And time and time again people still make up excuses because they can't believe they were conned.

Probably the biggest sign AI is going to flop is him starting talking about it being right around the corner.

Little technical skills, no forecasting ability, we saw how much his "efficiency management" philosophy flopped when done in public via DOGE (vs behind the scenes in a private company) and yet people keep falling for it. As long as he can keep spitting out BS, people keep falling for it.

Only simpletons can't see the end game of beautiful profits!

https://americanliterature.com/author/hans-christian-anderse...

I think you think about it in the wrong way. The obvious con is what hypes the fan base. They think they are in on it and that they will fool the "NPCs" or what ever they call normal people.

> Tesla is crashing

But the stock keeps hitting new all time highs.

The problem with the stock market is, even if you know with 100% certainty that EM is lying and Tesla is overvalued, you only can cash in that knowledge if the stock price makes contact with reality.

In fact even if every single shareholder in Tesla knows that the price is unsustainable they can still hold out for a greater fool for years. To a large extent you are betting on what the crowd will do, not what the company will do.

Beyond a certain point it becomes self-reinforcing. You will distort everything else about your world view to support that lie. You will surround yourself with other people who believe it and live in a completely internally consistent reality, surrounded by a vast conspiracy trying to bring you down.

The really killer part is, I can't even be 100% certain that it's not me. I'm quite sure, and justify it solidly, but then, I would.

> there is something wrong with a group of people completely unable to see when someone is lying to them.

They mistakenly believe, like temporarily embarrassed millionaires/capitalists [1], that they are actually in the winning group.

[1] _ https://en.wikiquote.org/wiki/John_Steinbeck#Disputed