Musk Droppings (1 Viewer)

[Huntn]

SpaceX’s Starship explodes in second failure for Musk’s Mars program

Back-to-back mishaps indicate big setbacks for program to launch satellites and send humans to the moon and Mars

www.theguardian.com

The failure comes just more than a month after the company’s seventh Starship flight also ended in an explosive failure. The back-to-back mishaps occurred in early mission phases that SpaceX has easily surpassed previously, indicating serious setbacks for a program Musk has sought to speed up this year.

 

[Saint Jack]

Also...

He thinks empathy is a weakness and has zero self-awareness.

It’s nice to know that he can’t hide the pain the jokes about him bring.

 

[J-DONK]

No one else is going to buy X at that price so he sold it to himself. This sale is needed to raise capital to pay back his creditors.

I'm shocked his creditors went along with this. If I was owed 5 billion in a loan. I wouldn't take 5 billion in Elon's AI company as compensation.

 

[MT15]

I'm shocked his creditors went along with this. If I was owed 5 billion in a loan. I wouldn't take 5 billion in Elon's AI company as compensation.

His creditors are Trump supporters, aren’t they? I think they are. They want to see the chaos and bring the US down a few notches.

 

[Saint Jack]

No one else is going to buy X at that price so he sold it to himself. This sale is needed to raise capital to pay back his creditors.

Forgive me if I sound stupid, but doesn’t he have cash?
The richest pets in the world can’t pay his bills?

 

[Dragon]

Forgive me if I sound stupid, but doesn’t he have cash?
The richest pets in the world can’t pay his bills?

It’s a Ponzi scheme, plain and simple—Moving paper money from Xai to X, creating the illusion of profitability. Eventually, the whole thing will collapse when there aren’t anywhere he can turn to. It’s not a question of if—just when.

 

[Saint Jack]

It’s a Ponzi scheme, plain and simple—Moving paper money from Xai to X, creating the illusion of profitability. Eventually, the whole thing will collapse when there aren’t anywhere he can turn to. It’s not a question of if—just when.

Still weird.
If I was worth six hundred billion dollars, I’d at least keep two billion in cash lying around to pay debts.

 

[Neworleansfan]

Forgive me if I sound stupid, but doesn’t he have cash?
The richest pets in the world can’t pay his bills?

His money is mostly tied to Tesla stocks. He used Tesla stocks as collateral to secure the loans to purchase Twitter. So if and when Tesla stock crashes to a certain point, he will face margin call. He will either force to sell some of his Tesla stocks to have enough equity to meet the broker’s requirements for his loans or find another source of equity.
The problem is when a company insider selling its stock, the stock usually will continue to fall. By selling it to xAI, he can now use xAI valuation as collateral for his loans to purchase Twitter.

Could Elon Musk face margin call over Tesla stock? What we know

As Tesla's share price continues to decline, Musk is at risk of defaulting on his past personal loans.

www.newsweek.com

 

[Saint Jack]

His money is mostly tied to Tesla stocks. He used Tesla stocks as collateral to secure the loans to purchase Twitter. So if and when Tesla stock crashes to a certain point, he will face margin call. He will either force to sell some of his Tesla stocks to have enough equity to meet the broker’s requirements for his loans or find another source of equity.
The problem is when a company insider selling its stock, the stock usually will to fall. By selling it to xAI, he can know use xAI valuation as collateral for his loans to purchase Twitter.

Could Elon Musk face margin call over Tesla stock? What we know

As Tesla's share price continues to decline, Musk is at risk of defaulting on his past personal loans.

www.newsweek.com

So, he’s cash poor?

 

[MT15]

Well I don’t know how much cash he has, but I’m pretty damn sure he’s a crook.

 

[MT15]

 

[UriUT]

So, he’s cash poor?

Yes and it's also a way for rich people to avoid taxes.

Trevor Noah did a great job of it here.

 

[longtime lurker]

Protesters against Elon Musk's purge of US government swarm Tesla showrooms - ABC News

amp.abc.net.au

 

[MT15]

He is an enemy of the US. He should be treated as such.

 

[Saint Jack]

Elon is a dork.

 

[bird]

Elon is a dork.

Hey, what have you got against dorks?

 

[Optimus Prime]

 

[cuddlemonkey]

fork every single butt crevasse that prevented us from having this treasure as VP.

 

[Optimus Prime]

Musk pours money into elections across the country as he rants about Soros’ influence

Musk has taken a role in American political life that arguably eclipses that of any billionaire in the modern era, Richard Hall writes

www.independent.co.uk