Technology

House of cards

I mean it isn't? It spiked up in September and is flat since and is down like 15% since the beginning of the year. Could it/should it be lower? Perhaps, but it's not skyrocketing.

Those crazy margins lasted for like 2 quarters until it was revealed that one of the main ways they managed it was severely under allocating warranty. It was a neat trick, until vehicles actually started to come back with warranty claims and they realized they literally make the least reliable and most expensive to repair cars on the market. IIRC they were allocating like 1/3 of what Toyota does per-vehicle, which is absolutely insane given the kind of vehicles they make. Hence why they became insanely stingy with warranty claims, and you saw tons of in-warranty repairs being allocated to "goodwill" which is a distinctly different pool from warranty allocation.

The entire company is built on fraud and shell-games with SpaceX/Starlink/Boring Co. and Musk has straight up admitted as much. No one gives a shit and a judge literally ruled he's allowed to do it because line go up.

I can rant for hours about all the insanely sketchy stuff they've done solely for a one quarter boost, and plenty of other stuff where their cost-cutting directly resulted in loss of life.

The big change is Chinese EVs coming into Canada. Tesla sales tanked after Heil Hitler but it's only a matter of time before they enter the US. Tesla only made money for years selling carbon credits.

It's slid 8% over the last month. But at a 282 p/e, it could lose 90% and still be overvalued.

Stock price went from $430 to $450.

He did not get $1T. The milestones he has to reach to see that number have already failed.

Tesla Motors is a fail, now Tesla robots are going to make a profit even though they have never revealed a working prototype?

It's simple in its principal, really..

• you have multiple companies
• one company (A) have some supply for some product
• on the other company (B), you create demand for that product (i.e. for its operation)
• thus, under your control, you make company A and B enter a trade agreement
• as someone who brokered that deal, you get rewarded (e.g. from brokerage fee, or commision)
• sometimes, by having a massive increase in sales, the stock for company A would increase, thus you can sell a little bit of it, which you can later buy back after the stock price goes back down
• profit

Some facts:

• even though they're your companies, you are a separate entity from them, and they are each its own entity
• the money comes from the investors as well as profit, remember that they are separate
• no, you cannot just take all the companies' money, since even though they're yours, there are corporate structures and other people at stake preventing that

So you basically come up with some excuse for moving stuff around, then you come up with some excuse to siphon off some of that good stuff.