Comment by silisili

21 hours ago

I had no idea this existed, that's pretty damning.

The question - is Musk lying on purpose, or is this more 90-90 rule where he made (obviously wrong) assumptions based on current progress?

10 comments

silisili

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selkin  20 hours ago

If he himself believes he can achieve his off-the-cuff deadlines or not doesn't matter for the rest of us: he already proven himself to be a fabulist, and after so many failed predictions, should know better than to air them in public, especially as he must be acutely aware that making such claims inflates his and his companies' net worth, and hence has legal implications. Only he cares not about those, as none of his past misdeeds had any serious consequences to himself.

  • specialp  12 hours ago

    Somehow his company is worth ~1.6 trillion dollars, with most of that valuation being confidence in his predictions. He is predicting humanoid useful robots soon. Tesla's valuation defies reason

rchaud  19 hours ago

How about the possibility that the cost of lying is less than the capital gains that can be realized by lying about it? EM was only fined $20 million when he said he had secured funding to take the company private at $420/share [0]. The stock bounce from that "news" was in the billions.

As it stands, he can get a trillion dollar pay package if a something-trillion market cap target is hit.

https://arstechnica.com/tech-policy/2024/04/elon-musk-loses-...

  • BrenBarn  12 hours ago

    Yes, that's the problem. The fines for his actions should have been at least a hundred times greater, maybe a thousand times greater.