I do :(. I'm also worried about which of my 401ks bought in to it too

i monitor my father investing habits to make sure he doesn't fall for shit like this, their have been a few times iv been worried to say the least...

Fanboys

It's unfortunately bigger than just the suckers being suckered. These things also get pumped a lot by "early investors", whose strategy is to get the stock immediately and sell quickly to take adventage of the initial surge. They increase the demand a lot and contribute to that surge.

Unfortunately, a lot of people didn't have a choice in the matter.

Shorting the stock and making money on your own when Musk fails

(This is not financial advice. In fact it’s very dangerous as Musks companies often perform irrationally)

In 2-3 weeks the Q2 report will release at which 20% of stocks held by employees will be unlocked, which has hit even profitable and not-fantasy-based companies hard in the past.

When you consider the kind of life changing amounts of money even a few thousand shares sell for at current rates, they'd be crazy not to.

My guess is fElon wants the stock to stay high until next summer when he can sell, but he NEEDS it to stay high until November when early investors can cash out

It's fallen maybe 12% since the IPO. You're talking about shares that were trading for a few bucks during the original debt offerings. Marc Andressen has something like a 6000% ROI on his holdings even at current prices.

If this company dropped by 50%, it would still be worth in the $800B range. There's no world in which current shareholders don't make fuckoff amounts of profit. The only question is whether we're talking nine figures or ten.

Is that going to be 20% of stock held by each employee can be sold, or 20% of employees can sell their stock?

If it's the latter then yes, I can see them cashing out and leaving.

Here's what Musk is sitting on, as well as Shotwell.

https://www.secform4.com/insider-trading/1181412.htm

You mean creating a worldwide communication system that has to be completely relaunched every half decade that is the exact opposite of profitable isn't sustainable!?

They won't do that. They're also greedy racist fascists. That's what capitalism is.

They don‘t care about the racist fascist part but he‘s also a massive fraud who build his empire on short legged lies. It‘s simply irresponsible to believe that guy.

Sadly Here, hé is not a loser. Things happened exactly the way he wanted to. He won big, his idiot fans lost bigger

Indeed lol, I should have shorted Spacex

Hopefully the stock needs a Boring Machine.

I assure you, many stocks have gone much much lower. It's called "penny stocks". They're exactly what they sound like. They're mostly used as pump and dump schemes. Company is worth $0.01 per stock? Buy $10,000 dollars worth. Then, when it eventually becomes worth $0.02, you sell, and make an easy $10,000. Repeat every few days.

9/10 times

This leaves a room for the assumed 10% non-garbarge billionaire-stans, and I'm wondering what set of traits would such a person have, other than being an absolute boot-sucking loser.

I bought a dollar of it just to track it and now it's worth $.80

Yep. AI has drained the venture capital well dry. So...

• You merge xAI with SpaceX to make one profit making company and a loss making company in to a mixed financial bag.
• Hype "Data-centres in Space" for a good six months to make it seem like it all makes sense.
• Sell all your compute to Anthropic / Google (with 90-day termination clauses) to get some revenue on the books.
• Lobby that you're such a good deal S&P and NASDAQ should change their rules to admit entry to their "required to buy" stocks. NASDAQ bites, but S&P refused.
• IPO: $80B raised from IPO partners (banks) at $135 per share. Job done. No control lost because the share of the company was so low.
• IPO subscribers (banks) sell to markets at upto $225. Lots of happy bankers. Retail markets (e.g. investment funds) now holds the shares, but it's all good, right? Nasdaq have it listed so there's an enforced buy in two weeks.
• Stock slides. Enforced buy comes at ~$145 per share and it feels a bit more firm for a day or two.
• Stock resumes it's slide to below it's IPO price.
• Stock now sits at $124

Net result:

• Space X : +$80B
• IPO subscribers: +$40B...ish
• Public Shareholders: +5% of SpaceX (Currently $69B) & -$120B

or china and russia start disabling them in orbit

Sell side stock news is usually made to help retail investors lose money. They will pile on to this thing for a few more weeks then reverse it back up to 3 trillion. Rinse wash repeat. And you have infinite money generator 2.0