The company's sales fell for a second year in a row, as Tesla looks to AI and robotics, including a new $2 billion investment in CEO Elon Musk's company xAI.
Poor Lonnie. May he cry himself to sleep on his MyPillow tonight.
Tesla makes cars. Cars don’t sell, so profit drops. Musk uses SpaceX to buy Teslas. Tesla’s profit declines, Musk says it’s an AI company, then buys AI from his other AI company, which he funded from Tesla stock. Musk buys Twitter, twitter goes down in value. Musk buys Twitter from himself using xAI, for higher than its market value, then boasts stock gains?
So now Tesla is going to buy AI from himself, and build robots that were just pantomimed guys in suits… and somehow… profit???
I don’t know what the fuck is going on in this world. But I would absolutely love to see Tesla’s stock drop and all of this made up debt-financing fall apart like the house of cards it is. However, Musk saying “we’re making robots now” seems to have nicely papered over what should be a massive stock decline. After his last one “Tesla isn’t a car company, it’s an AI company” now it’s “Tesla isn’t an AI company, it’s a factory company”.
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.
The reason why that was done was largely to keep debtors and investors from ripping apart a company and then transferring the debt to the ones running it. This would’ve been back when most large companies were trade companies wherein it made a lot of sense, since if the ship goes down you’re fucked regardless time to liquidate the company and payback who you can.
The actual problem is the stock market since it creates fairy tale bullshit that allows Tesla to exist. Remove the stock market and the individual investments become a lot more risky and make bullshit stocks less likely to exist since all stock would be privately traded and their worth based off of company payout.
keep debtors and investors from ripping apart a company and then transferring the debt to the ones running it
So instead we get “vulture capitalism” as an entire ecosystem of companies, doing this but with more diffuse consequences, by spreading out the bag holders far and wide (but always among the powerless). Fits like a glove with the general “privatize profits, socialize losses” general strategy of wealth extraction we like so much.
Corporate person-hood is a stain on humanity and the world. We should never have shifted culpability and direct experience of negative consequences away from human beings, ever.
I honestly don’t know how Musks companies work.
Tesla makes cars. Cars don’t sell, so profit drops. Musk uses SpaceX to buy Teslas. Tesla’s profit declines, Musk says it’s an AI company, then buys AI from his other AI company, which he funded from Tesla stock. Musk buys Twitter, twitter goes down in value. Musk buys Twitter from himself using xAI, for higher than its market value, then boasts stock gains?
So now Tesla is going to buy AI from himself, and build robots that were just pantomimed guys in suits… and somehow… profit???
I don’t know what the fuck is going on in this world. But I would absolutely love to see Tesla’s stock drop and all of this made up debt-financing fall apart like the house of cards it is. However, Musk saying “we’re making robots now” seems to have nicely papered over what should be a massive stock decline. After his last one “Tesla isn’t a car company, it’s an AI company” now it’s “Tesla isn’t an AI company, it’s a factory company”.
It’s simple in its principal, really…
Some facts:
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.
Fuck that shit. Companies being their own legal entity was a mistake.
The reason why that was done was largely to keep debtors and investors from ripping apart a company and then transferring the debt to the ones running it. This would’ve been back when most large companies were trade companies wherein it made a lot of sense, since if the ship goes down you’re fucked regardless time to liquidate the company and payback who you can.
The actual problem is the stock market since it creates fairy tale bullshit that allows Tesla to exist. Remove the stock market and the individual investments become a lot more risky and make bullshit stocks less likely to exist since all stock would be privately traded and their worth based off of company payout.
So instead we get “vulture capitalism” as an entire ecosystem of companies, doing this but with more diffuse consequences, by spreading out the bag holders far and wide (but always among the powerless). Fits like a glove with the general “privatize profits, socialize losses” general strategy of wealth extraction we like so much.
Corporate person-hood is a stain on humanity and the world. We should never have shifted culpability and direct experience of negative consequences away from human beings, ever.
Can you explain this?
If a real person would be held resonsible… Not even in finance but in breaking the law stuff. Companies only ever get a fine.
He’s Elizabeth Holmes on a global scale. He grifts money from the governments
But wont see jail.