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SpaceX's president is floating a Tesla merger as the company begins trading

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Re: SpaceX's president is floating a Tesla merger as the company begins trading

#81

Post by qwerpy »

tsimionescu wrote: post #52

A nice tidbit from the article, for people who think that Tesla Cybertrucks are actually selling decently well: > SpaceX spent $131 million on Cybertrucks in 2025, according to SpaceX's IPO filing. Per their numbers (20k cars sold in 2025) and the list price (70-100k), this means that almost 10% of all Cybertrucks sold by Tesla in 2025 were bought by another Elon Musk company.

Where I live (Orange County, California) they are selling decently well. There’s one parked in every street. I guess when you have a high Asian immigrant population, they ignore the politics and just buy what makes sense for them.

Re: SpaceX's president is floating a Tesla merger as the company begins trading

#82

Post by UncleMeat »

roryirvine wrote: post #65
IshKebab wrote: post #30

Earlier quoted context omitted.

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.

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.

But why are robots and LLMs connected? The only reason why a robot feels more connected to AI than a self driving car is science fiction.

Re: SpaceX's president is floating a Tesla merger as the company begins trading

#83

Post by Fricken »

s1artibartfast wrote: post #79
Fricken wrote: post #76

Earlier quoted context omitted.

No, Elon didn't put in a trillion dollars worth of work.

Nobody did. That's the cool thing about surplus value creation. You can take $5 of labor, $5 of capital, and make something people will pay $20 for

Also it takes lies, cheating, and a propensity for murdering women and children, which are the coolest aspects of surplus value creation.

Re: SpaceX's president is floating a Tesla merger as the company begins trading

#84

Post by Ekaros »

IshKebab wrote: post #30
V__ wrote: post #8

> 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.

I am questioning synergies of Tesla and Tesla and SpaceX and SpaceX. So Tesla and Tesla and SpaceX and SpaceX... Is just all that cubed...

Re: SpaceX's president is floating a Tesla merger as the company begins trading

#86

Post by roryirvine »

UncleMeat wrote: post #82
roryirvine wrote: post #65

Earlier 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.

But why are robots and LLMs connected? The only reason why a robot feels more connected to AI than a self driving car is science fiction.

Yeah, it's all scifi posturing. Same with the "Optimus will begin colonising Mars in 2026" line that they were still pushing just a few months ago.

There's perhaps a chance that some part of it might happen someday, but right now the main thing is to distract attention from Tesla's lack of model development and SpaceX's much-vaunted AI business being based on reselling datacentre space at a loss.

Re: SpaceX's president is floating a Tesla merger as the company begins trading

#87

Post by Ekaros »

whazor wrote: post #38

It would be like Samsung: Samsung does semiconductors, smartphones, displays, TVs, appliances, batteries, shipbuilding, construction, insurance, hotels, and even theme parks.

Actually no. Asians have common decency to run separate businesses as separate companies. Samsung Electronics does a lot. But it really doesn't have direct hand in other business. Even if there is some ownership in them.

Re: SpaceX's president is floating a Tesla merger as the company begins trading

#88

Post by tsimionescu »

qwerpy wrote: post #81
tsimionescu wrote: post #52

A nice tidbit from the article, for people who think that Tesla Cybertrucks are actually selling decently well: > SpaceX spent $131 million on Cybertrucks in 2025, according to SpaceX's IPO filing. Per their numbers (20k cars sold in 2025) and the list price (70-100k), this means that almost 10% of all Cybertrucks sold by Tesla in 2025 were bought by another Elon Musk company.

Where I live (Orange County, California) they are selling decently well. There’s one parked in every street. I guess when you have a high Asian immigrant population, they ignore the politics and just buy what makes sense for them.

They've sold 20k last year, 35k the year before that. Not only are they selling poorly, the market is quickly shrinking.

Re: SpaceX's president is floating a Tesla merger as the company begins trading

#89

Post by naishoya »

btilly wrote: post #14

So now that Tesla is clearly crashing, fold it into the more successful SpaceX and get to roll the dice again? Classic Elon. This is the same thing that he did to rescue a failing Solar City by making it part of Tesla. It takes a lot to get where Elon is. But it also takes a willingness to double down over and over again on big bets. And he himself will be the first to admit that the most likely outcome of his strate…

And it still is the most likely outcome; but now it wont be Elon losing 99% of his worth, it will be every pension and retirement, every index fund, every investment portfolio that 'must buy' into this simply because of the scale, regardless of the individual investors' best interests.

After losing 99%, Elon would still be worth 10B, but now the risk is with the investors? What is 1% remaining out of the portion of their individual net worth committed to one (or more) of these types of index funds out of a need for "safety?"

Oops, that's $100 remaining for every 10K invested; that's roughly the cost of a single steak dinner at a mid-grade chain restaurant.

I'm sorry, I just cant imagine that this really ends well. There simply isn't anything approaching reality in the profit:risks at SpaceX.

Re: SpaceX's president is floating a Tesla merger as the company begins trading

#90

Post by glimshe »

I made sure to steer clear of Tesla and now SpaceX across my investments. It's not that Musk is an incompetent leader or the companies are bad, but his reality distortion field creates valuations and schemes designed to extract as much money as possible from investors rather than to enrich them.
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