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I 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.
It was called here on Hacker News by SilverElfin back in early February (4 months back), and I remember because I agreed: https://news.ycombinator.com/item?id=46863028
https://www.cnbc.com/2017/12/05/the-case-for-elon-musk-to-co...
The merge could be named Musk Industries, quite fitting considering his hubris and association with comic books.
Earlier quoted context omitted.
yup, and elon hinted at it in podcast interviews during the past year as well
people, please, can we find out who said it first
https://x.com/Loh/status/362036803517169664
A Wall St analyst was asking questions about it on Tesla earnings calls in 2016 and later wrote a research note about the idea. Been widely discussed since.
https://www.roic.ai/quote/TSLA/transcripts/2016-year/2-quart...
That the earliest mentions I could quickly find.
Earlier quoted context omitted.
Elon's payout depends on it
If anyone thinks there’s any reason other than this, it’s a clear sign they’re incapable of critical thought.
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.
He overwork his people and burns them out. If he wasn't such an egotistical twat about his psroduct visions, starship might be flying commercial payloads and cybertruck might not be the worst pick up truck ever made.
So yeah, Elon is an incompetent leader. The companies are bad because you'll burn out if you work there.
Earlier quoted context omitted.
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.
[0] This assumes Anthropic and Google actually keep paying for at least 1 year of the signed 3, since they can cancel their contracts easily.
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.
I'm not a Elon hater because of his politics. There are plenty of rich fucks out there with much more malevolent political views, though the Germans know that salute meant. I started making TikTok's about Elon because he tried building a rocket with agile methodologies more suitable for a smartphone app. On top of that, both starship and cyber truck are vanity projects constrained by his ego to embody his vision of w…
> 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?
Elon's payout depends on it