Elon Musk's wealth skyrockets, becomes first person to surpass $400 billion

wiyosaya said:

Maybe he will hire all those DOGE employees he intends to put out of work - assuming any of them will work for him.

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I just can't get the faith in his promises when he made the same ones in 2016 and did little to nothing. Even the wall only got 52 miles, and Mexico didn't pay a penny.
It did let the young people hone their wall climbing abilities though!

BadThad said:

If he does fire federal employees, then they are probably NOT actually working. Our federal government is MASSIVELY bloated and out of control. Nobody in America can deny this.

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Ah yes. Another expert in government efficiency. Maybe Musk will hire YOU! I bet you got your knowledge as to the cause first-hand.

It is already difficult enough, because of short staffing, to get anything done when you have to contact the federal government. I cannot wait until all those who voted to reinstall, find out that they will not be able to get anything at all done over months or years of waiting and how loudly they will yell that they cannot get anything done because there is no longer anyone at all to talk to.

Getting rid of people is not the same thing as increasing efficiency, by far, IMO.

I guess no one considered this in voting to reinstall the former president.

scavengerspc said:

I just can't get the faith in his promises when he made the same ones in 2016 and did little to nothing. Even the wall only got 52 miles, and Mexico didn't pay a penny.
It did let the young people hone their wall climbing abilities though!

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And, IMO, he is definitely aiming for getting even less done than he did between 2016 and 2020. Especially on the "infrastructure" part. He continually promised something will get done on infrastructure during the 2016 to 2020 period and continually did nothing, as only one example of nothing getting done.

People think the Dems are bad, wait until the reality of 47 sets in. Its yet another case of doing things over and over again and expecting different results - IMO.

wiyosaya said:

Ah yes. Another expert in government efficiency. Maybe Musk will hire YOU! I bet you got your knowledge as to the cause first-hand.

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Did you notice almost all those "experts" are the MAGA bend overs?

wiyosaya said:

Especially on the "infrastructure" part. He continually promised something will get done on infrastructure during the 2016 to 2020 period and continually did nothing

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And then complained about infrastructure not 3 weeks after he left office!

wiyosaya said:

People think the Dems are bad, wait until the reality of 47 sets in. Its yet another case of doing things over and over again and expecting different results

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And history dictates that if he makes it to the end of this term, there will be another glowing 6 years of elections for the Dems.

OK bloated government lovers! There is no defending the federal government, it's the most out of control institution on earth and packed with over-paid, under-worked, unelected bureaucrats. I would really hate to see the communist government you guys seem to be champions for! SMH

scavengerspc said:

Did you notice almost all those "experts" are the MAGA bend overs?


And then complained about infrastructure not 3 weeks after he left office!


And history dictates that if he makes it to the end of this term, there will be another glowing 6 years of elections for the Dems.

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This is exactly the type of leftist rhetoric that was SHOT DOWN by voters. Insults, crying about Trump and MAGA. YOU ARE THE MINORITY but have the biggest, whining mouths.

axiomatic13 said:

Elmo could do so much good in the world, yet he still acts like a jilted teenager who lashes out at everyone for problems that he caused himself.

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Musk caused the FBI to illegally pay Twitter to censor true, but politically damaging stories?

scavengerspc said:

The only thing Tesla related selling well are the bumper stickers Tesla owners are putting on their cars that say "I bought this before Musk sold his soul"

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Snark doesn't replace facts. Tesla is the only company on earth able to make EVs profitably. Period. All other independent EV makers are either bankrupt or hemorrhaging cash fast, and traditional automakers are heavily subsidizing losing EV sales with their gas-powered profits.

April 2024: Car and Driver: "Ford Lost $130,000 on Every EV Sold ....."

Translation: Ford is spending ~ $200K to make a car it sells for $60k

BadThad said:

This is exactly the type of leftist rhetoric that was SHOT DOWN by voters. Insults, crying about Trump and MAGA. YOU ARE THE MINORITY but have the biggest, whining mouths.

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MAGAs do the whine, without the homework. I have done my homework, now you do yours.
And speaking of whining, just tell me what I said that was wrong.

Endymio said:

Snark doesn't replace facts.

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I agree. And the facts are that Tesla car sales are falling hard.

Endymio said:

Translation: Ford is spending ~ $200K to make a car it sells for $60k

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It will take some time for all EV manufacturers to streamline. And demand to increase as the market is badly oversaturated with EV makers.
Tesla wasn't profitable for 17 years +\-. And they had ZERO competition.


"May 8, 2013: Tesla turned its first profit
Stock Price: $3.72
On 8 May 2013, Tesla reported its first-ever quarterly profit. The next day, the stock opened 25.5% higher before peaking at 8.1% gains intraday."

That was when I started investing in Tesla. Hard.

EDIT:
On that note about Ford, check this out. It's quite informative.

scavengerspc said:

I agree. And the facts are that Tesla car sales are falling hard.

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All EV sales took a hit last year. Tesla's sales fell less than the average EV maker. And Tesla is still the only automaker on the planet able to make a profit on EVs.

scavengerspc said:

It will take some time for all EV manufacturers to streamline.

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Yet those other EV makers have had far longer than Tesla has. GM and Toyota produced their first EV in 1996. They've been "streamlining" for thirty years.

scavengerspc said:

Tesla wasn't profitable for 17 years +\-.

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Oops! Let's compare apples to apples -- Tesla didn't release its first EV until 2008. If you're going to count design work beforehand, General Motors began designing its first EVs in 1975. 1975!

Endymio said:

All EV sales took a hit last year. Tesla's sales fell less than the average EV maker. And Tesla is still the only automaker on the planet able to make a profit on EVs.


Yet those other EV makers have had far longer than Tesla has. GM and Toyota produced their first EV in 1996. They've been "streamlining" for thirty years.


Oops! Let's compare apples to apples -- Tesla didn't release its first EV until 2008. If you're going to count design work beforehand, General Motors began designing its first EVs in 1975. 1975!

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The EV share of sales in Q3 hit 8.9%, the highest level recorded and an increase from 7.8% in Q3 2023. While year-over-year growth has slowed, EV sales in the U.S. continue to march higher.

And don't get all whiny (I know, cats have to meow) But the article is sourced.


"Global sales of fully electric and plug-in hybrid vehicles rose for a seventh consecutive month in November, jumping 32% year on year for a third consecutive record high, data from market research firm Rho Motion showed on Friday."

I misread an article on the dates, I do admit.
But the rest of the article stands as facts.