Investors are buying into the fallacy that musk can continue to work as a hype man, rather than some visionary or innovator. They like that he can make stock numbers go up, seemingly against all odds and reason.

Whether this trend continues or not indefinitely will largely determine if incestors start looking for the door.

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miohtama 5 hours ago | parent | next [-]

It's a valid point. But the markets are a harsh mistress. If you don't like fallacies, you don't buy. And if you think the number is not going to go up, you can always short the stock.

In defence of Mr Musk, despite his character flaws, Tesla is the only Western electric car company in the top 20, and this includes Korea and Japan. Also, SpaceX is ~90% of the world's commercial rocket launch capacity.

But this does not mean SpaceX would be correctly priced at the moment. It may be expensive, but SpaceX is going to have many years to come to reap the benefits of their hard work building the business.

	▲	groby_b 42 minutes ago \| parent [-]
		> you can always short the stock. Which is going not too badly for the shorts, so far. There's a reason almost 50% of the float is loaned out. We'll see once the earnings call rolls around.

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wongarsu 5 hours ago | parent | prev | next [-]

Unlike Tesla, SpaceX is still a visionary and innovative company. Their current cash problems are precisely because they are so heavily invested in so many innovations that have yet to pan out

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dmix 3 hours ago | parent [-]

Tesla is making two big R&D plays into humanoid robotics and cyber taxi. That’s just as bold and requiring innovation as the SpaceX AI and starship stuff. That plus Tesla/SpaceX/Intel are together putting big money into Terafab to make semiconductors in Texas for those platforms.

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bdangubic 3 hours ago | parent [-]

> Tesla is making two big R&D plays…

The funniest thing you can write… Can’t believe people still write “Robotaxi” after 12+ years of failed promises… wild wild stuff

	▲	miohtama an hour ago \| parent [-]
		Waymo currently operates 250,000 paid robotaxi rides a week across several U.S. cities, and the robotaxi market is projected to grow at a yearly rate of ~70% from 2025 to 2030.

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mhitza 5 hours ago | parent | prev | next [-]

Love the typo.

I think Musk's luck is running out, he's been too political this past year and he seems to also have run out of geek "street cred". Remember youtubers visiting (whatever the Tesla trade show was called) were more perplexed than impressed with what has been shown. Similar sentiment seen across trade shows (like CES) where everything was AI and no one seemed to ask themselves "why are we putting AI in this?". The answer, of course, for startups and stock listed companies, to make themselves more valuable on paper.

Investors would probably be aware of that if they run any kind of sentiment analysis on online social media content. And at the same time there's some pull-out from tech stock. So maybe some are starting to realise that things are too shaky for their risk profile?

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mrits 5 hours ago | parent [-]

It’s so weird to see people actively try to criticize arguably the most successful person in the history of Earth.

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wasfgwp 2 hours ago | parent | next [-]

That’s some weirdly perverse attitude to have. Regardless if it’s Musk or anyone else, in general the actions of highly successful people have a disproportionally high impact on the society. So they need to be criticized as harshly as is reasonable for any misstep they take.

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mhitza 3 hours ago | parent | prev | next [-]

Are you young and raised with the cult of personality, like so many gen Z and alpha?

Because I find your words surprising since critique is what I was raised with in the late 90s early 2000s. Offline and in the media.

At the same time your definition of criticizing is very lax, when I'm stating banal opinions and a broad observation.

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ajmurmann 4 hours ago | parent | prev | next [-]

It's because his companies have insane P/E and constantly overpromise

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Applejinx 3 hours ago | parent | prev | next [-]

If you framed it as 'the biggest criminal' it'd still be impressive but would read mighty different. Acquiring money and power is no way to go through life. Not at that cost.

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SecretDreams 2 hours ago | parent | prev | next [-]

Some of the richest people the world has ever seen seem to tick all the same boxes as the least likeable and most devoid of love and empathy.

If only some billionaires (trillionaires?) could strike a better balance between successful and human. Especially since most wealth is actually wealth transfer from the poor and from taxpayer coffers to the rich.

	▲	gritspants 2 hours ago \| parent [-]
		It is only a single counterpoint in a sea of depressing examples but you may enjoy the story of Yvon Chouinard, owner of Patagonia, who gave it all away to trusts for protecting the environment.

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consensus1 2 hours ago | parent | prev [-]

Envy is a hell of a drug

	▲	edoceo 30 minutes ago \| parent [-]
		This is the weakest retort to critique of the wealthy. "Youre just jealous". Lame.

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dgellow 3 hours ago | parent | prev [-]

It's really sad to see that we just accept that Elon Musk, one of the most influential and maybe-still-the richest person in the world is constantly lying to shareholders for his own benefit. And gets zero punishment for it.