- cross-posted to:
- nottheonion@sh.itjust.works
- nottheonion@lemmy.ml
- cross-posted to:
- nottheonion@sh.itjust.works
- nottheonion@lemmy.ml
Considering the pickup EV has been an enormous commercial flop, only selling barely a fraction of Musk’s promised 250,000 to 500,000 Cybertrucks a year, there’s a good chance Tesla is using the mercurial CEO’s other venture to boost the numbers ahead of the end of an otherwise disastrous year.
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Pretty sure this is illegal, you know, using one company to prop up another (the old “Enron” method)
Wish the US still I don’t know, had laws and whatnot
Laws are so 2010. Get with the time, it’s all corruption and gambling now.
2010? By that point, the global financial crisis had already proven that there are no consequences for financial manipulation if you’re rich enough.
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“Illegal” is only for the poors and can apply to something as simple as crossing the street
Oh we still have laws. Elon is just part of the “in” group who the laws protect but do not bind.
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Its shakey, but might be in the clear because SpaceX is still private and can do whatever it likes. If they went public too, then there would be a problem I think
I think they’re going to IPO soon, so gotta get this shady shit done first.
Using government funds to buy stupid trucks
It might or it might not. Money laundering is difficult to do legally. Possible but difficult.
Private, but don’t they serve a number of government contracts?
This is basically the government bailing out Tesla directly for a shitty truck.
NVidia-OpenAI-Nvidia-OpenAI
If the US tries to enforce laws against Elon, he’ll go on Twitter and starting calling for the break up of the United States like he did for the EU when they decided to enforce their laws
So the fuck what? Who cares what he says on his platform for bots, Russians, and fellow morons?
Besides the heavily armed Yall Qaeda crowd? All of their potential victims…
They can’t buy enough of these to weigh the collapsing market for them. They’ll be less than $50k.
They will a hundred percent buy them at full price, in a big money transfer from space x to Tesla so muck can get his trillion dollar payday that was voted in
Let’s remember that SpaceX gets tons of government funding. No doubt they will try to pass it off as legitimate spending.
Yup,
Fuck SpaceX too.
THANK you. I can’t even get excited about their successes knowing Musk is involved.
I used to religiously watch launches and cheer on their success. Now the company doesn’t even exist to me.
I’ve read several articles that say they have teams assigned specifically to handle elon in all his companies - to keep him busy and away from the actual critical work.
All valid criticism aside, 1000 is a pretty fathomable number.
They only made around 50k of them. So that is still a considerable amount.
Sure, but still a number which it is possible to fathom.
Not in this economy. /S
To me one sold Cyber truck is unfathomable.
I think it becomes unfathomable when someone’s buying that number of cybertrucks. As in I can’t fathom why someone would do that, unless to juice Tesla’s numbers.
@technocrit Using taxpayer money that they’re granted due to the outsourcing of government functions like NASA and communications to bail out their incompetent boss’s other failing business which was initially built on tax credits supposedly created to address climate change. None of Musk’s companies are profitable, they’re just good at stealing from the mooks who run governments.
Musk: most efficient in the world at extracting the public’s money via government.
Besos: most efficient in the world at extracting the public’s money directly.
Are they gonna use them as ballast or dummy payload or what?
Just so long as they strip out the lithium batteries first - otherwise that’d be one helluva fireball coming back down in some random spot
I get what you’re going for, but the amount of energy stored in any mass going at orbital speed far outweighs the energy stored in its chemical makeup. A 1kg mass traveling 7.8km/s (LEO speed) has 30MJ of kinetic energy. By comparison, 1kg of TNT has 4.184MJ of chemical energy. So even if the Cybertruck was made out of TNT, the TNT would only account for about 13% of the total energy. Removing the batteries would significantly reduce the mass which would have a large impact on the “fireball,” but I don’t think that’s what you’re going for.
You are part of why lemmy is great.
Sounds like some form of fraud.
Because it is :)
EV subsidies are going away soon, so Elons putting some money fromone pocket to the other now, but also claims the subsidies so he’s putting more money to that other pocket than he took out from the first pocket.
Space x money is coming from government contracts too, that’s an insane feedback loop of potential fraud.
SpaceX bids on services that the government puts up for offer and wins with usually the lowest bid.
What they do with that money as long as they provide the service is up to them. If they need some vehicles to haul gear, or want to provide vehicles to each employee that’s up to them.
There’s no fraud from them buying them.
Edit: also Starlink is their biggest revenue source nowadays and is profitable, they aren’t solely funded off government contracts and investors anymore.
They finally have decent revenue, a large percentage of that is consumer, but nearly half is still government contracts. It’s notoriously hard to tell what amount the company is profitable because of how they move around the amount of money they burn on R&D.
So some where around 50% of starlink, almost all of the rest of the business are relying on grants and bids.
The cybertruck is both not selling to consumers and is extremely unreliable from a maintenance standpoint. So now Elon is moving money from one business, which is still majority funded by government money, to buy shitty cars no one wants from himself. That’s not even adding in that he’s been actually buying then himself image of Tesla as fleet vehicles. Like legit BUYING his own cars as fleet vehicles cause no one else will.
It’s bad.
I mean sure, it doesn’t look great, but it’s not fraud.
SpaceX is a private company buying vehicles that regardless of how you feel about them, are capable of towing things or being gifts to employees for the work they’ve done.
SpaceX needs vehicles to tow things, and using an EV to help lower emissions would be a valid goal. They’re also an all day portable 240v power source which I’m sure there are plenty of uses for in construction.
https://www.youtube.com/watch?v=D-2rjmL8MgY
I’m not even sure if it would reach the level of fraud given they’re a private company if they just let them sit on a lot for years then sold them at a loss as a used vehicle, but I imagine that would warrant their private investors suing for some breach of duty though
Edit: Also you really need to separate sold services from government giving them money. Grants can be a different thing, but when the government pays them $100 million to launch a rocket, they get a $100 million and launch a rocket. It’s not some sort of life line or subsidy. This is in general as well for sold services/contracts, not targeted at SpaceX. SpaceX survived early on because of these, but they were still selling a service the government wanted. Also, the government is saving 10’s of billions of dollars using SpaceX vs alternatives.
It looks bad cause it is, what Musk is doing with his companies has all the look of moving money around to hide losses, it’s generally seen as a bad thing to amortize losses from one of your businesses to another (cybertruck), if shareholders cared there would be more lawsuits.
You also see this with how the businesses are being consolidated around xai. It’s a house of cards thats being held up by a government largess.
I made an edit, you might have missed about the government side, but i’ll just post it again here.
You really need to separate sold services from government giving them money. Grants can be a different thing, but when the government pays them $100 million to launch a rocket, they get a $100 million and launch a rocket. It’s not some sort of life line or subsidy. This is in general as well for sold services/contracts, not targeted at SpaceX. SpaceX survived early on because of these, but they were still selling a service the government wanted. Also, the government is saving 10’s of billions of dollars using SpaceX vs alternatives.
Nothing is being “held up by government largess” with SpaceX.
To be congratulated on the public stage by the clown running the circus, no doubt.
Playing games with the shareholders. Giving tesla a boost by paying for it with spacex.
He only gets his reinstated absurdly large Tesla bonus if Tesla does really well.
What can be better for profits than selling a bunch of cybertrucks? (Even if it is to himself.)
Ah, the AI business model…
Probably because these have been known to blast off before reaching ignition. I give them a T-minus on this deal.
If anyone was still sceptical about there being an enormous bubble about to pop…
Fraud?
Please God shoot them into space directly toward the sun. Please.
It’s actually cheaper from the surface of the Earth to leave the solar system entirely than it is to cancel out enough of Earth’s orbital velocity to crash into the sun. Logically it should be cheaper to throw them into some star other than Sol. Isn’t that weird?
We shouldn’t be littering the galaxy. We need to dispose of our own trash.
Imagine some advanced alien race orbiting VY Canis Major get a random DRADIS contact and fly out to make first contact with another species and a fuckpile of cyberattacks go hurtling past them and slam into their sun.
Science sure is weird, but wonderful. We should calculate the trajectory and send it into the Andromeda galaxy gor shits and giggles.
Also, aren’t we slowly converging into the Andromeda?
SpaceX rockets don’t have enough ∆V for that.
Exploding rockets filled with cybertrucks sounds good too.
Over Mar a Lago
And explodes into a confetti of uncensored epstien files.
Elon is running the biggest Ponzi in history, financing on financing and counting both as the total. Eventually he won’t be able to keep shuffling assets around and counting both, they will all collapse with nothing left and everyone will be shocked pikachu despite it being obvious.
Elon is running the biggest Ponzi in history
after Nvidia and Open AI.
Business idea. I make an ai using ai, then hord investments and use that money to invest into another ai that I have made using an ai tool. Rinse repeat
Oroborous Economics
