Musk's Government Slashing Took Place When He Was Under the Influence of Ketamine, Ecstasy, Adderall, and More

[NxNW]

How can a company be doing poorly while its stock is doing really well?

You might watch The Big Short before you embarrass yourself with ignorant questions like that.

 

[ozso]

It’s objectively the case with Tesla.

Saying a company is doing poorly and making lots of money is a non sequitur which is not a display of objectivity.

 

[Desk trauma]

Saying a company is doing poorly and making lots of money is a non sequitur which is not a display of objectivity.

They’re making less money than they were and sales are down significantly. As I have said over and over the stock price is not tied to real world results.

 

[ozso]

You might watch The Big Short before you embarrass yourself with ignorant questions like that.

Can you explain that in your own words?

 

[ozso]

They’re making less money than they were and sales are down significantly. As I have said over and over the stock price is not tied to real world results.

The real world result is Musk made an extra 70 billion dollars in the last three months. Which is being attributed to his Tesla company.

 

[Desk trauma]

The real world result is Musk made an extra 70 billion dollars in the last three months. Which is being attributed to his Tesla company.

Again, based on a valuation that has nothing to do with the company preforming better by any metric tied to what they actually do. Sales and profits are down.

 

[ozso]

Again, based on a valuation that has nothing to do with the company preforming better by any metric tied to what they actually do. Sales and profits are down.

Sorry but sales and profits of the company are down but the owner is making astronomical profits from it, still does not make any sense.

 

[SimplyMe]

Between March 1st and June 1st he's made an extra $70 billion dollars. That doesn't add up to he's having a rough go at it.

That's nice. As others have mentioned, that has to do with a rise in Tesla stock which doesn't correspond to Tesla's real world results. In the first quarter of 2025, the last results reported for Tesla, their sales and revenue were down compared the the fist quarter of 2024 by more 13%, which had dropped in 2024 compared to the first quarter of 2023 -- Tesla sales and income have been dropping almost 2 years now. As others have said, that Musk is making money, mostly from Tesla stock, has little to do with Musk or the success of Tesla and likely more to do with Trump telling his supporters to go out and buy Tesla stock.

The issue with "net worth" derived from stock prices, particularly when the value of the stock has no real relation to the value of the company (such as what happened prior to the tech boom in the 1990s with tech stocks) is that eventually the market corrects itself. In fact, if you use 6 months, rather than 3 months, Musk is worth over 60 billion less than he was worth in December of 2024. So the "$23 billion per month" is just Musk's net worth getting back to what it was 6 months ago.

"Weak market position"

You mean almost 60% of the market share on EV's prior to Musk's alignment with Trump? (stat from 2021)

To put that in perspective, Coca-Cola has about 22% of the market share with regards to the domestic soda market, we'd never say that Coke had a "weak market position" would we?


Can we stop pretending that the left is somehow "less petty" than the right when it comes to matters like this?

That 2021 stat is rather misleading -- as prior to 2021 Tesla had little actual competition. In 2024, though, Tesla's share has dropped dramatically. Of course, worldwide, the big competitor to Tesla worldwide are the Chinese manufacturers. BYD was the largest manufacturer of EVs in the world in 2024, with 22.2% of all EV sales. Tesla was still second, but only sold 11% of EVs -- half of what BYD sold.

As for the US, Tesla is still the leader (since BYD and other Chinese companies can't sell here, for now). It is worth noting that one of the key reasons for Tesla selling so well in the US has to do with charging infrastructure -- Tesla, since they had to be able to sell cars initially -- has done a good job of building out their charging network. The fact is, the CCS network (the chargers almost other cars have been using) was not nearly as reliable or have as many locations. This, though, is changing as well as most EVs can now use most of Tesla's charging network, and multiple new companies (some of them financed by other automakers to try and remove Tesla's advantage) are quickly building charging stations across the country.

It is worth noting that the drop in Tesla sales started well before he started supporting Trump, as sales have been declining for well over a year. In 2021, you had to wait months in order to get a Tesla; today Tesla is cutting prices of the cars in stock by $2000 or more, meaning you can buy a car and get it the same day -- and this despite the Model 3 and Model Y both having been upgraded with a refresh, and new features, in the last year; the Model Y was earlier this year.

As for "the Left," I find that to be a pretty broad brush. This is double true is you consider the transformation of Musk over the last few years. Just a few years ago, he appeared to champion several liberal causes. I will agree, though, that some of them appear to be quite "petty." People are people, they don't like feeling betrayed by individuals that they believed supported the same things they believe.

 

[ozso]

That's nice. As others have mentioned, that has to do with a rise in Tesla stock which doesn't correspond to Tesla's real world results. In the first quarter of 2025, the last results reported for Tesla, their sales and revenue were down compared the the fist quarter of 2024 by more 13%, which had dropped in 2024 compared to the first quarter of 2023 -- Tesla sales and income have been dropping almost 2 years now. As others have said, that Musk is making money, mostly from Tesla stock, has little to do with Musk or the success of Tesla and likely more to do with Trump telling his supporters to go out and buy Tesla stock.

The issue with "net worth" derived from stock prices, particularly when the value of the stock has no real relation to the value of the company (such as what happened prior to the tech boom in the 1990s with tech stocks) is that eventually the market corrects itself. In fact, if you use 6 months, rather than 3 months, Musk is worth over 60 billion less than he was worth in December of 2024. So the "$23 billion per month" is just Musk's net worth getting back to what it was 6 months ago.

Yep "As of of October 1, 2024, Elon Musk is the richest person in the world, with a net worth of $270.5 billion." is clearly going though a bit of a slump. lol.

From 270 billion to 429 billion from October 2024 until now, does not in any way whatsoever indicate that he's not making money or that he's losing money. 270 + 159 = 429. 159 divided by 8 months is 20. So he's made an average of an extra 20 billion per month in the last 8 months.

So going by the last 8 months it rounds off at 20 billion per month. However going by the last three months it rounds off at 23 billion. This clearly indicates that he's steadily been making more money, not less.

 

[GoldenBoy89]

From 270 billion to 429 billion from October 2024 until now, does not in any way whatsoever indicate that he's not making money or that he's losing money. 270 + 159 = 429. 159 divided by 8 months is 20. So he's made an average of an extra 20 billion per month in the last 8 months.

So going by the last 8 months it rounds off at 20 billion per month. However going by the last three months it rounds off at 23 billion. This clearly indicates that he's steadily been making more money, not less.

What does any of that have to do with his drug problem?

 

[FenderTL5]

From 270 billion to 429 billion from October 2024 until now, does not in any way whatsoever indicate that he's not making money or that he's losing money. 270 + 159 = 429. 159 divided by 8 months is 20. So he's made an average of an extra 20 billion per month in the last 8 months.

So going by the last 8 months it rounds off at 20 billion per month. However going by the last three months it rounds off at 23 billion. This clearly indicates that he's steadily been making more money, not less.

First an aside; I'll wager dollars to doughnuts that he didn't pay a penny more than $21,836 toward Social Security.
At 20 billion per month, perhaps you can calculate how long he worked to pay his "fair share" into the program.

Back on topic; I'm still not buying your zero sum, more dollars = less drug use/abuse theory.
Being the richest person in the world does not eradicate the possibility of his drug use/abuse.

 

[ozso]

First an aside; I'll wager dollars to doughnuts that he didn't pay a penny more than $21,836 toward Social Security.
At 20 billion per month, perhaps you can calculate how long he worked to pay his "fair share" into the program.

Back on topic; I'm still not buying your zero sum, more dollars = less drug use/abuse theory.
Being the richest person in the world does not eradicate the possibility of his drug use/abuse.

No but being that astronomically successful in business doesn't really go along with being stoned on a regular basis.

 

[FenderTL5]

No but being that astronomically successful in business doesn't really go along with being stoned on a regular basis.

Not necessarily; that could depend on where the income is derived. For quite some time, I would presume that vast majority of his income is from investment(s). He'd be getting that income, even if he were to step aside and play unpaid government hack for three months.

 

[ozso]

Not necessarily; that could depend on where the income is derived. For quite some time, I would presume that vast majority of his income is from investment(s). He'd be getting that income, even if he were to step aside and play unpaid government hack for three months.

Is it really that easy to accumulate 430 billion dollars and growing? No business aptitude, no intellect, no hard work etc. It just sorta happens on its own? It's a piece of cake for a druggie to be nearly twice as wealthy as the second richest person on earth?

Sorry but that scenario just doesn't really make any sense in my opinion. It seems more likey to me that the OP Yahoo article and similar are nonsense.

 

[FenderTL5]

Is it really that easy to accumulate 430 billion dollars and growing? No business aptitude, no intellect, no hard work etc. It just sorta happens on its own?

I've not said anything pro nor con concerning his business acumen, intellect, or work ethic. That's all you.
What I have said is that wealth begats more wealth, enormous wealth even moreso. It is not speculation that Musk began life already wealthier than most.

It's a piece of cake for a druggie to be nearly twice as wealthy as the second richest person on earth?

It's not beyond the realm of possibility that the richest person on earth could also use/abuse drugs. He's on record admitting a ketamine prescription. He's on camera smoking pot. Those, I've seen. As for the others - that's in the report in the Times and OP.

Sorry but that scenario just doesn't really make any sense in my opinion. It seems more likey to me that the OP Yahoo article and similar are nonsense.

I'm still not buying your notion that being rich exempts the possibility of drug use. They are not mutually exclusive.

 

[Desk trauma]

Sorry but sales and profits of the company are down but the owner is making astronomical profits from it, still does not make any sense.

Correct, but that’s demonstrably what’s going on with Tesla.

 

[ozso]

I've not said anything pro nor con concerning his business acumen, intellect, or work ethic. That's all you.
What I have said is that wealth begats more wealth, enormous wealth even moreso. It is not speculation that Musk began life already wealthier than most.

How wealthy?

It's not beyond the realm of possibility that the richest person on earth could also use/abuse drugs. He's on record admitting a ketamine prescription. He's on camera smoking pot. Those, I've seen. As for the others - that's in the report in the Times and OP.

I'm not saying it's impossible. I'm saying it seems highly unlikely that someone under the influence of narcotics on a regular basis could do so astronomically well.

I'm still not buying your notion that being rich exempts the possibility of drug use. They are not mutually exclusive.

No, it's not being rich. That's glossing. It's being the most successful businessman on earth. And not only that, but nearly twice as successful as the second most successful businessman on earth on top of that. Is it possible he's able to achieve that as a drug addict? Maybe. Is it likely? No, not really.

 

[ozso]

Correct, but that’s demonstrably what’s going on with Tesla.

According to the search I just made; as of May 30, 2025, Tesla's market capitalization was approximately $1.11 trillion. In 2024 at its peak that year it was 1.5 trillion.

 

[Desk trauma]

According to the search I just made; as of May 30, 2025, Tesla's market capitalization was approximately $1.11 trillion. In 2024 at its peak that year it was 1.5 trillion.

Yep, that would be the valuation not connected to actual performance I have been talking about.

 

[ozso]

What does any of that have to do with his drug problem?

I think people with a drug problem aren't that astronomically successful. Prove me wrong if you want to. But if you're going to use someone else as an example please pick a mega successful businessman like Jeff Bezos rather than say Elvis Presley.