I guess the difference between "scam" and "financial engineer" is whether it works.

If everyone loses their money it will be a scam. If people get rich he will be a financial engineer.

These aren't two different things. The winning side will make up reasons why they are right, and the losing side will make up excuses why they were wrong.

▲

infecto a day ago | parent [-]

What is this scheme he is getting away with? We all saw the numbers, it is an absolute absurd valuation. Like I said I would never make the bet but just because I don't like him, does not mean I will immediately call the scam card. Both can be true.

▲

avaer a day ago | parent | next [-]

When this gets listed, your retirement savings will be obligated to support it whether it makes sense or not. If it tanks AI, or the broader economy, everyone will pay the price.

No matter what, your money is going to Elon and friends. That's one of the schemes.

There's plenty of other schemes too, like merging in Twitter and an AI company to confuse investors and inflate valuations.

I'm not calling it a scam either. I'm saying it entirely depends on whether this insane level of scheming causes people to lose a trillion dollars or gain a trillion dollars, then history will be rewritten to match the narrative.

	▲	infecto a day ago \| parent [-]
		Why will my retirement savings be obligated to be part of it? No doubt it will be part of some indexes but I know for example mine it won’t.

▲

lorecore a day ago | parent | prev [-]

It’s illegal for a CEO to make fraudulent promises regarding product delivery, timelines and financial projections. Musk does this regularly.

	▲	infecto 5 hours ago \| parent [-]
		So do many other CEOs and it’s near impossible to sift through overly optimistic statements and not. Agree he truly pushes the envelope but also we all see the numbers and are not forced to invest in the company.