Yay! Nobody Cares about Tickle Me Elmo Musk

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Khamon

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Musk doesn't focus on meeting market demands. He has no interest in providing anything useful to society. His "job" is to propose the most outlandishly unachievable project he can devise knowing that people will give him money to fund it.

Allow me to clarify that Elon Musk never intended to send anything or anybody to Mars; never intended to provide Hyperloop service in any city; never intended to build durable self-driving automobiles; never intended for DOGE to make a meaningful contribution; never intends for X to be successful; never intends to provide free Internet to the planet; and never intends for Neuralink to advance medicine or help people.

He proposes the impossible and sells the ideas with no intention of providing working solutions. His goal is to take the money. That is who he is and what he does.
 

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The Guardian: Larry Ellison dislodges Elon Musk as world's richest person

US tech billionaire Larry Ellison has overtaken Elon Musk as the world’s richest person after shares in Oracle, the business he co-founded, rocketed in early trading on Wednesday.

Ellison’s wealth has surged after the company, in which he owns a stake of 41%, reported better than expected financial results.
 

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Gizmodo doesn't hold back their thoughts on the success of a Grokopedia.

“We are building Grokipedia @xAI,” Musk tweeted Tuesday. “Will be a massive improvement over Wikipedia. Frankly, it is a necessary step towards the xAI goal of understanding the Universe.”

The Tesla CEO has previously insisted that Wikipedia is too “woke” and wants to offer an alternative encyclopedia with more right-wing “facts” about the world. Musk has referred to Wikipedia as “Wokipedia” at least half a dozen times in recent years.
I'm no sure how a Wikipedia competitor built by Grok would work as a "necessary" step to xAi understanding how a brick is made, let alone the Universe. It needs to be fed human-written content for the LLM concept to benefit, and one of those resources are sites like Wikipedia. An AI written wiki would only lead to more AI slop and less understanding.

But then I'm not a billionaire brainiac, so what do I know?
 

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Don't they already have Conservapedia?
BTP as Mush cares not what others and various groups are using. It must belong to him and him alone and bow to his will and his alone and serve his interest and his alone. The second richest being on the planet is totally alone.
 

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To quote Star Trek's George Takei: Oh myyyy.

Elon Musk’s SpaceX has taken money directly from Chinese investors, according to previously sealed testimony, raising new questions about foreign ownership interests in one of the United States’ most important military contractors.

The recent testimony, coming from a SpaceX insider during a court case, marks the first time direct Chinese investment in the privately held company has been disclosed. While there is no prohibition on Chinese ownership in U.S. military contractors, such investment is heavily regulated and the issue is treated by the U.S. government as a significant national security concern.
“They obviously have Chinese investors to be honest,” Iqbaljit Kahlon, a major SpaceX investor, said in a deposition last year, adding that some are “directly on the cap table.” “Cap table” refers to the company’s capitalization table, which lists its shareholders.
 
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You could say that you can't blame Musk for scams done in his name. But, can't we though?

If you’re going to run a crypto scam, it makes sense to invoke Elon Musk’s name. He is the wealthiest man in the world, after all, recently surpassing a net worth of $500 billion according to Forbes. But it’s still shocking to read the stories of those who’ve been scammed by people posing as the Tesla CEO.

Gizmodo filed a Freedom of Information Act (FOIA) request with the FTC for complaints from people who say they were tricked by scammers posing as Musk or who used online ads with the billionaire’s likeness. Gizmodo has filed such FOIA requests with the FTC before, and it’s instructive to learn what new tricks and tools scammers are using to lure their victims.
 

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Not only is he rich, the guy really actually does hawk crypto to fanbois all the time; so whenever you see a video on Facebook or Twitter or YouTube where Musk is telling you to buy some, I guess there's really no reason for them to suspect it's not real.

I know that within the last few years it's a whole thing in YouTube where entire channels, especially popular and famous ones, get hijacked with all their videos removed and the hijacker just putting up a (prerecorded) "livestream" of Musk telling you to buy crypto, with a URL or crypto wallet link in the video description. AFAIK YouTube still can't (or hasn't bothered to) figure out a way to stop this from happening.
 

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"The only thing that may persuade [the board to take action and end the Cybertruck] would be a collapse of Tesla’s stock market valuation. "
Uhhhhhh ......... that didn't do it, either. Maybe the writer missed the part where it crashed from about $500 down to about $230. Defying all logic, it has now crawled back into the $400 range but it's all future stuff; "In the future they're going to something absolutely amazing! NO, SRSLY FOR REALZ THIS TIME!!" There are no current earnings to justify that price and aside from Elmo's hot air, there's no good reason I can see to think the earnings will ever be there.

The P/E ratio today is 240x. 240! By way of comparison, Ford's is 14x. GM's is about 9x. A P/E of 240x is not unprecedented, but, that is a very, very high number by any standard. Amazon hit about 935x at one point, but that was a weird and fairly temporary thing. Today it is a reasonable 32x. TSLA has been up there in the hundreds forever.

Cybertruck or no Cybertruck, at some point the market is going to start demanding some earnings to match the stock price. If I could just predict when that will be, I'd short the bejabbers out of that stock and walk away with a pile of dough.
 

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lol!

Cybertruck turned out to be Tesla’s first real commercial flop.

After planning for a production capacity of over 250,000 units per year, Tesla is currently selling the pickup truck at a rate of ~20,000 units annually.

A ~10% utiliation rate of a production line is a terrible situation for an automaker as much of the capital invested in the vehicle program becomes sunk cost.
Elon Musk has a solution: he had his private companies buy hundreds if not thousands of Cybertrucks.