The merge could be named Musk Industries, quite fitting considering his hubris and association with comic books.
MuskX
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SpaceX's president is floating a Tesla merger as the company begins trading
111–120 of 120 posts
Re: SpaceX's president is floating a Tesla merger as the company begins trading
#112Earlier quoted context omitted.
If anyone thinks there’s any reason other than this, it’s a clear sign they’re incapable of critical thought.
I think there are other reasons and am capable of critical thought. A variety of synergies have been discussed publicly for at least 9 years. This article lists several of them.
In the sense that you can claim two things are synergies by just saying they are, sure.
Whereas in reality automotive companies do not organically have rocketry divisions.
Re: SpaceX's president is floating a Tesla merger as the company begins trading
#113> There's no question that there are synergies between Tesla and SpaceX in our futures," she said. "There's a convergence of what we're all trying to accomplish in the future." Accomplish a ludicrous valuation above all else?
Yeah I'm definitely questioning what synergies there are between Tesla and SpaceX. What do electric cars and rockets have in common? Are they going to me a rocket powered car? Put a Tesla on the moon? The only thing I can think that makes any sense at all is Teslas coming with Starlink terminals built in. That seems like a stretch though.
> What do electric cars and rockets have in common?
A majority shareholder.
Re: SpaceX's president is floating a Tesla merger as the company begins trading
#114Earlier quoted context omitted.
Tesla claims to be pivoting away from cars in favour of producing their Optimus robots. And SpaceX's IPO valuation appears to be predicated on them being an AI datacentre company. So I guess the "Musk plays 4d chess" view would be that there are obvious synergies between humanoid robots and AI. Ugh. Honestly, that makes it seem worse than the purely cynical financial engineering takes.
Tesla has a problem. Its sky-high valuation is based on the potential upside from “visionary” sci-fi future programs. However, the narratives are losing credibility. Once upon a time, Robotaxi and Optimus sounded like visionary futuristic ideas. However: We now live in a world where Waymo exists, and autonomous taxi hasn’t proven to be as socially transformative as promised. No huge latent market exposed. Aslo, Tesla…
> autonomous taxi hasn’t proven to be as socially transformative as promise
That's because they are still super expensive - more expensive than Uber!
That's probably partly because the technology is very expensive, but also because they have no competition. Both of those will eventually change.
Re: SpaceX's president is floating a Tesla merger as the company begins trading
#115Earlier quoted context omitted.
Elon is such an honorable person that he will end up not do it, and we will worship him for that.
I cannot tell if this is sarcasm or genuine. I am horrified that it could be either almost as much as I am by the fact that I can't tell.
I don’t like /s as i think it ruins the sarcasm :)
Re: SpaceX's president is floating a Tesla merger as the company begins trading
#116I was wondering why he got so many voting shares in SpaceX. Then worked out it was just enough to get overall control of a combined company (assuming SpaceX remains at or above IPO valuation and Tesla stays under his beloved 420). Suspect it also means all pumping from now on out will be Space X, whilst Tesla will be "less bullish" than normal.
Interesting. So if there's a merger of SpaceX and Tesla, he gets back more Tesla.
Precisely.
Whilst he owns a lot of Tesla, he doesn't have majority control - and has to get shareholders to vote on stuff like "Whether Elon should be given ridiculous bonus packages" and similar.
He's previously said both that he wants a single company and that he needs complete control of it.
Merge of companies at values I mentioned wouldn't give him over 50% ownership, but gives 51% of the votes (Although I'd suggest you check my maths, people on the internet are sometimes wrong..)
I've also ignored the Tesla bonus plan - as it could be argued (and I'm sure it will be), that if it's Tesla that consumes SpaceX, then he's increased the market cap of Tesla. This then triggers new Tesla shares to be minted and given to him (last bonus plan), which both moves both more cash and voting out of the hands of the public into his.
Some might suggest this sounds like outright fraud - but his little fans will undoubtedly cheer this all through again..
Re: SpaceX's president is floating a Tesla merger as the company begins trading
#117Elon or his cousins will have to start a new company with some fresh funding soon he is running out of opportunities to merge one company into another together with ever worse financials and ever better valuations.
Maybe it can be a teleportation company? Imagine the TAM for that.
Re: SpaceX's president is floating a Tesla merger as the company begins trading
#118The Tesla/SpaceX merger rumors feel like classic cope created by Tesla bagholders who feel they are missing out on the SpaceX IPO. Let’s be real: Elon has mentally checked out of Tesla. His heart and focus is at SpaceX, and long time Tesla holders have watched this slow-motion abandonment happen over the past few years. Just look at the lack of projects/innovation coming out of Tesla, and compare that to what's happe…
This seems like a narrative construction detached from reality . Tesla owners can just sell and buy spacex. Its not like tesla is down.
Selling Tesla to buy SpaceX would incur a taxable event, and holders would need to pay capital gains, decreasing the size of their investment. If SpaceX acquires Tesla, there's no taxable event.
Also, part of this is their own self-delusion to discourage each other from selling to buy the shiner new Elon project.
Re: SpaceX's president is floating a Tesla merger as the company begins trading
#119Earlier quoted context omitted.
I don't know who told you Tesla is crashing, but [they lied to you.]( https://www.tradingview.com/chart/cYRyThbO/ )
That’s the stock, which has very little relation to how the company itself is doing, especially in Tesla’s case!
That would also be inaccurate. They made $4B last year in profit. They also had the second best selling car in the world. I don't think you're using a normal definition of "crash."
Re: SpaceX's president is floating a Tesla merger as the company begins trading
#120Earlier quoted context omitted.
I think there are other reasons and am capable of critical thought. A variety of synergies have been discussed publicly for at least 9 years. This article lists several of them.
In the sense that you can claim two things are synergies by just saying they are, sure. Whereas in reality automotive companies do not organically have rocketry divisions.
Chrysler (now Stellantis), Honda, Toyota and Geely all had/have rocketry divisions and many more auto companies have/are involved in the Aerospace industry more generally.