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Re:Brutal week sees Tesla shares lose $80B in market value by DonHopkins on Monday December 26, 2022 @11:34AM (#34139156)
Play the attrition game for a couple of years, huh?

Why you should NEVER believe Elon Musk! (Part 33 ⅓):

https://www.youtube.com/watch?v=YrwkNp_AOjQ&t=2m58s

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>But Musk is adamant that his amazing decision making is what drives what happens at Tesla.

>It is Tesla that has lost HALF A TRILLION DOLLARS, five hundred BILLION dollars off its market cap this year.

>But Elon Musk was so proud about the money he could save Tesla in a half hour meeting.

>"Every good hour or even minute of thinking about Tesla and SpaceX has such a big effect no the company..." -Elon Musk

https://sadtrombone.com/

https://www.nasdaq.com/market-activity/stocks/tsla/historica...

>"...and that I really try to work as much as possible, you know, to the edge of sanity, basically." -Elon Musk

>Yeah, it's only because of Elon Musk's hard work that Tesla has lost over 50% of its value this year.

>"Every high quality minute of thinking is a million dollars impact on Tesla." -Elon Musk

>Oh, oh, it was so close. If he'd said that every minute he spends alive he causes a million dollars damage to Tesla's market cap.

>"I mean, there are many instances where a half-hour meeting -- I was able to improve the financial acumen of the company by $100 million in a half-hour meeting." -Elon Musk

>Let's see. Tesla's market cap is about $500 billion dollars. And it's lost about half of its value this year. Meaning that Tesla has lost some $500 BILLION DOLLARS in market cap this year.

>For perspective, that's about TWICE the market cap of Walmart.

>So let's see, $500 billion dollars in a years, there's roughly 10,000 hours in a year, so every hour this year, thanks to Musk's brilliant leadership, Teslas's lost about $50 MILLION DOLLARS of its market cap, give or take $1 million dollars, for every minutes Musk has been alive this year.

>"Every high quality minute of thinking is a million dollars impact on Tesla." -Elon Musk

>You've been watching this video for about five minutes. The time it takes Elon Musk to $5 MILLION DOLLARS OF DAMAGE to Tesla stock.

>And this might give you some insight into why buying BURNING CANCER was still more valuable to Elon Musk than Tesla stock. Damn straight!

>What he can do for Tesla, he can do for Twitter.

>Now, Elizabeth Holmes this week got sentenced to ten years in jail for lying to investors, eventually resulting in a loss of about $10 billion dollars of the market cap of the company.

>Musk has been leading Tesla to lose market value at the rate of about a Thernos EVERY WEEK!

>And I should stress, one of the reasons Holmes got off so lightly -- yes, 10 years is lightly -- is she hadn't unloaded the stock when it was massively over-valued on her false promises.

>That is, she claimed that her heart is in the right place. And that she hadn't clearly pumped the stock up and then sold loads of it.

>I mean, it's not like she promised self-driving cars that would give you 100% return on investment with zero risks.

>"You say, what would be the probable gross profits from a single robo-taxi. We think probably something on the order of about $30,000 per year, and we expect to have the first operating robo-taxis next year. With no one in them. Next year." -Elon Musk, 2019

>And that they would be ready by 2020. Then after the stock explodes in value on a promise that would make most Ponzi schemes seem believable.

>Selling some $30 BILLION DOLLARS worth of stock.

>I mean, I'm not really a stock market guy, but I think this called "Pumping and Dumping". Let me see:

https://en.wikipedia.org/wiki/Pump_and_dump

>Pumping and dumping is an ILLEGAL scheme to boost stocks and security price based on false, misleading, or greatly exaggerated statements.

>"Like the Model S and Model X, at this point, can drive autonomously with greater safety than a person, right now." -Elon Musk

>"The convoy technology, the tracking technology, this is something that we are confident we can do TODAY 10 times safer than a human driver. I WANT TO BE CLEAR, this is something we can do NOW!" -Elon Musk

>Huh. But let's leave the legality of Musk's billions on the side for a second. And for those fans adamant that Musk bought Twitter for the greater good.

>"...function of Democracy. It's important to the function of the United States. I don't care about the economics at all." -Elon Musk

>"This is not about the economics. It's about the moral good that you think it will shape..." -Sycophantic Interviewer

>Maybe now is a good time to remember that Musk spent most of the summer filing lawsuits to try and wiggle out of buying Twitter. Trying his hardest to renege on the deal.

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