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Saying a company is doing poorly and making lots of money is a non sequitur which is not a display of objectivity.It’s objectively the case with Tesla.
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.Saying a company is doing poorly and making lots of money is a non sequitur which is not a display of objectivity.
Can you explain that in your own words?You might watch The Big Short before you embarrass yourself with ignorant questions like that.
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.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.
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.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.
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.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.
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.
"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'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.
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.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.
What does any of that have to do with his drug problem?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.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.
No but being that astronomically successful in business doesn't really go along with being stoned on a regular basis.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.
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.No but being that astronomically successful in business doesn't really go along with being stoned on a regular basis.
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?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.
I've not said anything pro nor con concerning his business acumen, intellect, or work ethic. That's all you.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 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.It's a piece of cake for a druggie to be nearly twice as wealthy as the second richest person on earth?
I'm still not buying your notion that being rich exempts the possibility of drug use. They are not mutually exclusive.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.
Correct, but that’s demonstrably what’s going on with Tesla.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.
How wealthy?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.
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.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.
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.I'm still not buying your notion that being rich exempts the possibility of drug use. They are not mutually exclusive.
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.Correct, but that’s demonstrably what’s going on with Tesla.
Yep, that would be the valuation not connected to actual performance I have been talking about.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.
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.What does any of that have to do with his drug problem?