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Joined 3 years ago
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Cake day: June 14th, 2023

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  • It’d be nice to see the lending market smarten up and tell him to pound sand.

    Because the stock valuation has inflated so far beyond the company’s actual revenues, its been pushed into a number of major index funds and become a “must buy” for 401ks and other retail investment accounts. This creates a kind-of self-fulfilling overvaluation as a result. I don’t think there’s any real market mechanism that will devalue Tesla in the near future. Kicking the Tesla tentpole means shaking up the entire S&P 500. Even the mega-hedge funds with the ability to do it don’t have a strong monetary incentive to try.

    At the same time, the kind of stock growth Elon is expected to deliver in the next five years is astronomical relative to their core position. Either he’s going to Tulip Mania his company again or he’s going to fall far short of the mark.

    I worry he’s going to fuck out space industry in the process of fleecing NASA though.

    NASA’s been a contractor’s boondoggle since at least Reagan. The Challenger Disaster can be linked directly back to an outsourcing scandal that was covered up and buried under Reagan in order to keep Thiokol Chemical Corporation (now a subsidiary of Northrop Grumman) financially insulated.

    I would argue that SpaceX exists precisely because NASA has become a budget of money to be siphoned from. The Space Industry was fucked in the 80s and never really recovered, leading to our reliance on Soyuz rockets for much of the Bush Era and creating an environment at Boeing so toxic that we’ve largely lost our ability to do space flight domestically.

    For all the talk of Moon bases and Mars missions, it seems the real money in aerospace is just spewing up endless waves of cheap disposable satellites for commercial communications. That’s going to be the limit of US space technology for the foreseeable future.






  • He’s gonna cheat to get his trillion

    He’s going to try. Even then, the bar is higher than just nibbling at the margins. And everything is stacked on the shoulders of an overall positive outlook for the US economy in total. He can’t insource all his car sales in any practical sense. And he can’t use options markets to outrun the perpetual gaggle of Tesla bears nipping at his heels. He also can’t reliably expect Congress to bail him out when he’s made this many enemies inside both the White House and Congress.

    That’s not to say he won’t get a piece of paper with “$1T” written on it from his company at some point. But nothing in the Tesla financials suggests he will have anywhere to cash it.



  • the teams are nowhere near the same on actual social justice and expanding rights for the public

    This line is repeated as nauseum as civil liberties are chipped away, year in and year out.

    Conservatives make things worse. Liberals throw up their hands helplessly when they have the chance to make things better.

    But see? It’s two different pieces to the same machine. If everyone in American simply agrees not to turn the ratchet…

    Oh, no. You still get the Clinton Crime Bill, the Obama drone strikes, and the LBJ Vietnam War escalation…

    Oh, for it to be 1957 again, when women and minorities knew their “place”… right?

    We live in a Brave New World where MTG and Lauren Bohbert can fill the roles of Strom Thurmond and George Wallace.



  • It probably doesn’t help that the “Magic Money Fairy” has an innate bias towards the grandchildren of oil barons, mafia Dons, and slave traders. Like, I understand the predilection towards selfishness at a certain level. But maybe consider what Paris Hilton is like right now and ask whether multi-billion dollar endowment Conrad H. Hilton Foundation (which is staffed entirely by Hilton family progeny) is necessarily spending its money efficiently when its stuffed to the gills with people exactly like her.

    You can play the same game with the Gates Foundation and its close ties to Jeffery Epstein. Or the Thiel Fellowship, and its habit of recruiting fuckbois for Pete’s personal enrichment. Or, god help us, the Scaife Family Foundation which seems to have made it a mission to put all of the family fortune into exceptionally well-paid climate change denialists.

    Like, I fucking wish these people were just sipping Kahlúa on a beach. Instead, it seems their mission is to drive the rest of the planet insane.