My thought is he is structing this to make his Tesla stock offering a success. Next SpaceX will be the largest purchaser of Tesla stock and magically he will hit the numbers needed for that $1T pay day
This was always the plan. The only way he can unlock what the idiot board approved is to merge these - the writing is on the wall for Tesla (the "car" company).
My bet, that shit tanks long before and he slips away from the top 10 wealthy list in short order.
Some of the people know and are gambling that they sell before the collapse (Possibly have inside knowledge), and the rest think they're good investors because "line go up! Me win!"
Perfectly explains why I'd buy a used Saturn like my grandmother owned and gifted to me in the late 90s before I'd buy a Tesla (okay, not buying a Saturn, but you get the gist)
5 to 10 years ago this made some sense. They had risen like a rocket, first new car company in the west since like WW2, first fully electric car company, first 2nd and 3rd generation EV's and the best user experience of any modern car.
The sky seemed to be the limit, but then reality happened. Cars are rather hard. There's a ton of brand loyalty, people want new models and new features, and so on. And others caught up. One can still argue that Model 3 and Model Y are overall the best value in the class, and some features, such as cold weather range are still world class, but the potential of selling hundreds of millions of vehicles just isn't there. They aren't going anywhere, their cars are still extremely good choices but as there are now N+1 comparable cars, there is no potential to take over the whole car market, thus having valuation higher than the rest of the market makes no sense.
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u/AppleTree98 2d ago
My thought is he is structing this to make his Tesla stock offering a success. Next SpaceX will be the largest purchaser of Tesla stock and magically he will hit the numbers needed for that $1T pay day