Elon Musk Buys Twitter

[PhaelixWW]

It's also telling that he has to add the "Physically" qualifier to "I've never ^ hurt anyone".

And we're right back to:

[Evil Midnight Bomber]

And we're right back to:

And so we are

[Belize]

Rats are starting to jump off the Tesla boat.

Tesla was always overvalued, but Elon being a Nazi shithead and tanking sales looks like it finally triggered a correction.

[Mayhem]

Rats are starting to jump off the Tesla boat.

Tesla was always overvalued, but Elon being a Nazi shithead and tanking sales looks like it finally triggered a correction.

Well, Elon holds what, 12% of Tesla? So the thing that keeps him rich is SpaceX, right?

[Belize]

Well, Elon holds what, 12% of Tesla? So the thing that keeps him rich is SpaceX, right?

Tesla is a big part of his wealth, he's been really pushing for the 52 billion package and the twitter purchase is pretty heavily funded by Tesla collateral

[Bwgmon]

Well, Elon holds what, 12% of Tesla? So the thing that keeps him rich is SpaceX, right?

Depending on how long that lasts.

And I believe a chunk of Tesla is tied to the loans he took to buy twitter, so Tesla continuing to sputter can still do a lot of damage to him regardless of how much "worth" he actually has from it.

[Draco-Onis]

Well, Elon holds what, 12% of Tesla? So the thing that keeps him rich is SpaceX, right?

Unfortunately Elon was born a billionaire because of his daddy's money and his brother is also a billionaire so even if by some miracle he went bankrupt he would still have more money than anyone of us can spend in several lifetime due to winning the genetic lottery.

[Rasulis]

Tesla stocks dropped again today. Why? This is why.

China EV maker BYD says new cars can be charged in 5 minutes

BYD's new 1 megawatt flash chargers can power vehicles in five to eight minutes, according to the company, which plans to build 4,000 new charging stations across China.

Keep in mind BYD cars are selling at the $12k - $15k price point. Even with 100% tariff, they are still cheaper than any other manufacturers' cars. They make good cars btw. I drove my cousin's Frigate SUV while I was visiting my parents. The car was a joy to drive. I am not the only one the feel that way.

Ford CEO Jim Farley has been driving a Chinese EV over the past six months, calling it “fantastic.” After flying the Xiaomi Speed Ultra 7 (SU7) from Shanghai to Chicago, Farley doesn’t want to give it up.

It’s no secret that China is dominating the EV industry, aside from Tesla. Farley recently sounded the alarm, calling Chinese EV makers an “existential threat” to the industry.

[fwc577]

Keep in mind BYD cars are selling at the $12k - $15k price point.

You will probably die from a fire while driving this car if something goes wrong with the battery. But hey! The same thing will happen in a Tesla too!

[Rasulis]

You will probably die from a fire while driving this car if something goes wrong with the battery. But hey! The same thing will happen in a Tesla too!

Would you rather burn down a 12k car or 90k Cybertruck? looking at statistics, considering how many EVs were sold in China, the number of EV cars catching on fire is pretty small.

[KrayZ33]

Would you rather burn down a 12k car or 90k Cybertruck? looking at statistics, considering how many EVs were sold in China, the number of EV cars catching on fire is pretty small.

That's just the amount EVs that caught fire and were reported on chinese *media*, listed by brand.

That has nothing to do with the actual number of EV fires in China.. which is like.. 3000 every year , steadily increasing for the past few years (30%+ year by year), because they use shit batteries/components that are defective (and thus cheap)

And most of these fires happen when the car is not moving.


Not quite sure what I think about this, but that graphic is very misleading and should've been source checked at least a little bit.

[NED funded]

Chinese cars dont have long lifespans but if you are just going to be in the city its not that bad. The watts per hour on some of the BYD cars is terrible so remaining in the city is the only option

[Mayhem]

Chinese cars dont have long lifespans but if you are just going to be in the city its not that bad. The watts per hour on some of the BYD cars is terrible so remaining in the city is the only option

Look, you've been around this forum for a while now, do you expect us after all the years to just trust your word? What's your expertise?

They offer a warranty comparable to other EVs, 8 years, 200000km, and 70% capacity.

[diller]

Chinese cars dont have long lifespans but if you are just going to be in the city its not that bad. The watts per hour on some of the BYD cars is terrible so remaining in the city is the only option

Hauled that one straight out of your ass.

[gondrin]

Well, Elon holds what, 12% of Tesla? So the thing that keeps him rich is SpaceX, right?

He has quite a bit of wealth held up in crypto, SpaceX, his AI company and a few other ventures. But about 50% or so of his actual net worth is in Tesla I believe.

Remember, for every dollar in value the stock drops, he loses about $410 million. Just yesterday, he lost about $5.2 billion just from the drop in value from Tesla.

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Well, here is a BIG side effect on what happens when a name brand object becomes the target of vandalism, especially in the automobile world. It becomes harder to insure and unlike certain things, there is nothing requiring auto insurance companies from actually insuring Teslas or any other vehicle. There for a small bit, State Farm and other insurance agents were refusing to keep insurance policies with Hyundais because of their ability to be easily stolen for certain makes and models.

So, I wonder if it will get to the point where if people own a Telsa that they cannot get insurance at all.

https://www.msn.com/en-us/autos/news...2bf6a345&ei=22

[Muzjhath]

Tesla stocks dropped again today. Why? This is why.

China EV maker BYD says new cars can be charged in 5 minutes



Keep in mind BYD cars are selling at the $12k - $15k price point. Even with 100% tariff, they are still cheaper than any other manufacturers' cars. They make good cars btw. I drove my cousin's Frigate SUV while I was visiting my parents. The car was a joy to drive. I am not the only one the feel that way.

Ford CEO Jim Farley has been driving a Chinese EV over the past six months, calling it “fantastic.” After flying the Xiaomi Speed Ultra 7 (SU7) from Shanghai to Chicago, Farley doesn’t want to give it up.

It’s no secret that China is dominating the EV industry, aside from Tesla. Farley recently sounded the alarm, calling Chinese EV makers an “existential threat” to the industry.

The hilarious shit is that the price of manufacturing in China was giving up the technology.

Volkswagen is suffering the same issue in China that Tesla is.

[Corvus]

Tesla has had to recall 46,000 cybertrucks (ie almost all of them) as parts keep falling off.

https://www.bbc.com/news/articles/c0kgy20x0x4o

[Rasulis]

Tesla has had to recall 46,000 cybertrucks (ie almost all of them) as parts keep falling off.

https://www.bbc.com/news/articles/c0kgy20x0x4o

Isn't that basically every single cybertrucks on the road?

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Tesla Reportedly Can't Find $1.4 Billion, But We're Sure It's Fine

Tesla’s (TSLA) accounting practices are raising red flags as a new report from the Financial Times shows that $1.4 billion is missing.

Many Tesla shorts and detractors have questioned Tesla’s accounting for years, but they have never gained much traction – until now.

Today, the Financial Times has released a new report pointing to a $1.4 billion gap in assets:

Compare Tesla’s capital expenditure in the last six months of 2024 to its valuation of the assets that money was spent on, and $1.4bn appears to have gone astray.

The article points out that Tesla reports having spent $6.3 billion on “purchases of property and equipment excluding finance leases, net of sales” in the second half of 2024, while property, plant, and equipment rose by only $4.9 billion in that period.

Accounting experts agree that, in most cases, the capex number matches closely to the increase in gross PP&E, but some factors can make a difference: sales or impairments of assets, foreign exchange, etc.

However, Tesla didn’t report any significant enough change in the usual suspects to justify the difference.

The report also points to other red flags, like Tesla claiming to sit on $37 billion in cash and yet it raised $6 billion in new debt last year.

While it’s not unusual for companies with significant cash piles to raise debts, it’s less than ideal in this current environment.

Finally, the FT report also points to Tesla not offering share buyback or dividend despite claiming a $15 billion operating cash flow last year, higher than its CAPEX. This is rare for large companies and puts Tesla in a very small club that includes other companies like Temu.

In 2022, CEO Elon Musk said that he would push for Tesla to use some of its cash for share buybacks, but it never happened.

Jacek Welc, professor of corporate finance at the SRH Berlin University of Applied Sciences, compares these red flags to recent financial scandals, like Wirecard, Longtop Financial Technologies, and NMC Health.

[Edge-]

Isn't that basically every single cybertrucks on the road?

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Tesla Reportedly Can't Find $1.4 Billion, But We're Sure It's Fine

That would be a fairly expeditious depreciation of assets, if true.

Between that and the allegations of the rebate fraud in Canada, has Tesla been cooking the books on top of making impossible marketing promises for years?

[Rasulis]

That would be a fairly expeditious depreciation of assets, if true.

Between that and the allegations of the rebate fraud in Canada, has Tesla been cooking the books on top of making impossible marketing promises for years?

Too bad it only came out now when the SEC is toothless.