It’s especially crazy since they sell cars and do not sell robots. Both of Musk’s public companies are little more than financial fraud. That the SEC allows any of this gives me zero confidence in the entire market.

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mschuster91 an hour ago | parent | next [-]

> That the SEC allows any of this gives me zero confidence in the entire market.

It will be truly nasty for the next President. All of this shit is going to blow up hard, even worse than 2007 was. With any luck, it will blow up during Trump's final months, but in the truly worst case it will collapse during the early time of whoever the next President is, which means no matter who gets the job will get smoked in the 2030 midterms - in turn ending up like Obama who didn't have a majority of his own for six years (or, in the even worse case, end up like Biden who didn't survive the reelection against someone as unlikeable as Trump).

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parineum an hour ago | parent | next [-]

Obama didn't do much with his two years of majority anyway.

Plus, president's don't usually have more than two years of majority.

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lotsofpulp 29 minutes ago | parent | next [-]

The Affordable Care Act is the biggest non tax cut legislation of the previous 30 years.

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computerdork 13 minutes ago | parent | next [-]

And to add to this, for also properly dealing with the 2008 financial crisis. Just as a reminder to those out there, the strategy of recent administrations for crises like this was to cut federal spending in order reduce deficits, and many of the politicians at the time were calling for cutting spending. Obama listened to his economic advisors who told him to stimulate the economy and get money into the hands of the people. There were some rough edges to their stimulus spending but it seems to have worked and our recovery was the envy of most of the world. In recessions, stimulus seems to have now become the norm.

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runarberg 21 minutes ago | parent | prev [-]

I would argue that the Affordable Care Act was nothing more then a common sense consumer protection legislation for a consumer market that should not exist in the first place.

The fact that it was this big and this hard to get and with this many compromises against consumer interest, speaks more of the disfunction of the USA government at the time then it does about the value of that legislation.

	▲	computerdork 10 minutes ago \| parent [-]
		Maybe a bit of both sides in my opinion. It shows the dysfunction of the government and our healthcare system, but it was also practical and helpful to the those left out of the healthcare system.

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khriss 12 minutes ago | parent | prev [-]

You mean other than Obamacare, Dodd Frank, GFC stimulus, Auto industry support, repeal of DADT?

Yeah, you're right. Much better to have Trump who just passed tax cuts for billionaires and corporations, imposed tariffs on Penguins and pardoned a bunch of people, some of whom he said he didn't even know.

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neves 16 minutes ago | parent | prev | next [-]

Don't worry, American tax payers will come to rescue the companies.

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kraken_cult an hour ago | parent | prev [-]

The cynic in me would say, "all according to plan", it will be right before the new house and senate are going to roll out universal healthcare or something equally good for the average person. Better to get head of it before that happens.

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enaaem an hour ago | parent | prev [-]

Hyundai has been making robots for decades. Imagine the hype if Tesla did half the things Hyundai is doing.

	▲	Zigurd 33 minutes ago \| parent [-]
		Hyundai even bought the humanoid robot company that actually has a working humanoid robot. But it didn't make them any money or give them an absurd P/E ratio.