▲ 277 ▼ Elon Musk says Tesla ending Models S and X production, converting Fremont factory lines to make Optimus robots (www.cnbc.com) submitted 9 months ago by return2ozma@lemmy.world to c/technology@lemmy.world 140 comments fedilink hide all child comments
[–] capnbubblebuns@sh.itjust.works 27 points 9 months ago (4 children) How does this idiot have any money? permalink fedilink source hideshow 4 child comments replies: [–] IchNichtenLichten@lemmy.wtf 12 points 9 months ago Step 1: Start with lots of money Step 2: Find a bunch of other rich idiots willing to invest their money. permalink fedilink source parent [–] lefaucet@slrpnk.net 11 points 9 months ago I gave him lots of money when he showed off Teslas all-electric sports car, pitched the model S sedan, and laid out the plan for solar roof tiles, and home battery storage. It was a beautiful moment when I saw a billionaire putting their money against fossil fuels. When he was struggling to get model 3 production rolling, I gave him lots more money. Then he started shitting on trans folks and I started divesting, but still wanted Tesla to succeed. Then he essentially bought twitter with that money I gave him to develop Tesla and reports of working conditions started coming out so I divested more... But I held hope Tesla board would kick him out and I could put that money back. Then he got into politics and Tesla board voted to give Elon tens of billions and I left all the way. Fucking shame. There was a moment when Tesla was investing tens of billions into actual electrification research and developing compelling projects and making lots of money because of it. permalink fedilink source parent [–] Kolanaki@pawb.social 2 points 8 months ago* His parents owned diamond mines or some shit in aparthied south africa. He's just a fucking dipshit nepobaby. permalink fedilink source parent [–] zaphod@sopuli.xyz 1 point 9 months ago Every once in a while he blackmails the Tesla board into giving him a shit ton of money. Besides that he doesn't have much, his wealth is in stocks, mostly Tesla, because his other companies aren't publicly traded. What rich people do to actually get money is they get a loan backed by their stocks, and then never really paying it back. Tesla is extremely overvalued, but because of that he can just borrow as much money as he wants. permalink fedilink source parent
[–] IchNichtenLichten@lemmy.wtf 12 points 9 months ago Step 1: Start with lots of money Step 2: Find a bunch of other rich idiots willing to invest their money. permalink fedilink source parent
[–] lefaucet@slrpnk.net 11 points 9 months ago I gave him lots of money when he showed off Teslas all-electric sports car, pitched the model S sedan, and laid out the plan for solar roof tiles, and home battery storage. It was a beautiful moment when I saw a billionaire putting their money against fossil fuels. When he was struggling to get model 3 production rolling, I gave him lots more money. Then he started shitting on trans folks and I started divesting, but still wanted Tesla to succeed. Then he essentially bought twitter with that money I gave him to develop Tesla and reports of working conditions started coming out so I divested more... But I held hope Tesla board would kick him out and I could put that money back. Then he got into politics and Tesla board voted to give Elon tens of billions and I left all the way. Fucking shame. There was a moment when Tesla was investing tens of billions into actual electrification research and developing compelling projects and making lots of money because of it. permalink fedilink source parent
[–] Kolanaki@pawb.social 2 points 8 months ago* His parents owned diamond mines or some shit in aparthied south africa. He's just a fucking dipshit nepobaby. permalink fedilink source parent
[–] zaphod@sopuli.xyz 1 point 9 months ago Every once in a while he blackmails the Tesla board into giving him a shit ton of money. Besides that he doesn't have much, his wealth is in stocks, mostly Tesla, because his other companies aren't publicly traded. What rich people do to actually get money is they get a loan backed by their stocks, and then never really paying it back. Tesla is extremely overvalued, but because of that he can just borrow as much money as he wants. permalink fedilink source parent