Summary
Tesla investors, frustrated by the stock’s decline, are demanding accountability from Elon Musk, who recently illegally demanded federal employees justify their paychecks.
Shareholders took to Musk’s social media platform X, asking him to similar list his contributions to Tesla.
The stock has fallen for six straight sessions, underperforming the Nasdaq.
Meanwhile, Musk faced backlash for overstepping in government affairs, forcing Trump to smooth tensions.
Listened to an interesting podcast last night about how vulnerable Tesla is to protester action. None of Elon’s other companies are profitable, they’re all hype bubbles, Tesla is the only company that actually makes money… but its models are getting old and the swastitruck was a flop and its fired all its talent in favor of loyalty to the company.
Not only that but once they popularized EVs and more stubborn, established companies started to actually develop them they also lost a huge amount of market share. Every year there is less and less of a reason to buy one and there are several huge deal-breakers as well. It’s not a good position to be in.
Sucks to suck.
Yup, the episode goes into this too. They had a huge opportunity as the biggest early entry into the market, but instead of focusing on producing a cheap mass production model they became a hype company that over promised and under delivered. Now the only hope is if the government bails them out (and it probably will)
Given that Musk is now the king of conflicts of interest, who can eliminate whole government departments and replace them with contracts for his own companies, this seems very likely.
That website, yo.
SpaceX isn’t profitable?
I think the answer is that no one knows because it’s not a publicly traded company. But I would bet on no, it isn’t profitable, nor will it be for the next 100 years. It is however the good part of Elon’s legacy, and if he stayed out of politics he would have been remembered as one of the greatest men in history for the leapfrog in space exploration that he ignited.
You really do have to die a hero or you live long enough to become the villain.
Elon’s legacy now is that he’s the foreign Nazi who finally took control of the United States government.
We don’t know, it’s a private company and doesn’t have to publish. I could see it being profitable because it gets money from the government, but based on how Musk runs his companies I could also see it being a dumpster fire behind the scenes.
I didn’t know how true anything is these days, but from what I’ve read he’s mostly hands off at SpaceX.
There was an anonymous statement by an employee that SpaceX basically has a small department whose entire purpose was to keep Musk distracted from anything important whenever he would get involved with “running” the company. Pretty sure the article I read that in said that they confirmed the employee’s identity and it would explain a lot about their surprisingly successful work.
Yes I’ve seen the same information but didn’t remember the details. I think you’re spot on.