imagine still being a sore loser when you have the means to be anything else lmao. elon musk is the biggest loser on earth

    • kittin [he/him]@hexbear.netEnglish
      33·
      10 days ago

      I’m convinced his grift has always been a kind of pyramid scheme in which he generates the appearance of wealth by going forever deeper into debt.

      For example, Tesla was getting destroyed by short sellers who (accurately) figured out years ago their sales weren’t very strong and self-driving wasn’t happening. But then $TSLA became a meme stock and the shorts got routed. But was it really a bunch of Reddit bros buying that stock or did Elon borrow cash to pump his own stock price?

      Another example, Solar City his solar roof company was an absolute bonfire for cash where he managed to turn each new paying customer into a long term liability by selling the future revenue from those customers as bonds and also making the revenue for those customers less than the cost price to him. He was literally selling “you give me $10 today and I’ll give you $10 every year for 20 years, also I’ll give you $8 right now” as a long term business model.

      Another example, the cost of launching all those satellites into orbit for starlink is likely higher than the revenue generated from subscriptions, except that these launches are probably being heavily subsidized by spacex. Also starlink is spacex’s main customer and likely shifting those losses onto spacex in the process.

      And of course there’s the way he lit tens of billions on fire with twitter.

      The idea he’s worth $400bn is laughable. He’s been hemorrhaging cash ever since Peter Thiel won him the PayPal windfall. Even the enormous government subsidies he gets for all his grifting doesn’t seem enough to square the deep dark money pit Elon has more than likely dug as his own grave.

      I think he’s going down like a one-man Enron and already there are hints of creative accounting practices at Tesla that might be the first early cracks.

      He certainly has access to ridiculous amounts of money so maybe it’s a moot point. The guy has spending power far more than most mortals. But I think it’s likely he in fact has the lowest net worth in the history of humanity. The only thing saving him is that we are firmly in the Enron-erry-day era of American capitalism.

      • Damarcusart [he/him, comrade/them]@hexbear.netEnglish
        41·
        9 days ago

        The only problem I have with your theory is it doesn’t explain the pathetic manchild temper tantrums. Or…I guess it does, but I feel like Elon is too incompetent to orchestrate a massive scheme like this.

        I guess it says a lot about how I view our current system that I think it is more likely the world’s most divorced man and world’s most pathetic manchild is more likely to be handed $400 billion dollars just for being the world’s biggest failson,

        Than I do that same guy orchestrating a massive grift to trick the world into thinking he is the world’s richest man.

    • DragonBallZinn [he/him, they/them]@hexbear.netEnglish
      141·
      10 days ago

      Same way I feel about chuds.

      They are spoiled rotten and can do whatever the fuck they want with their universe-bending good luck, and they’re the same types of people to never leave their house.

  • 7bicycles [he/him]@hexbear.netEnglish
    17·
    10 days ago

    Pff, I got white privilege. I get the kind of endless subclassifications of my “race” or ethnicity last seen in 1890s colonial eugenicists, today. Black is a a catch all term, I ain’t a boer though.