Comment by WalterBright
3 days ago
If TSLA is in a bubble, at some point it will implode. And then the wealth that was created is destroyed - it won't be transferred out of the company, either.
> Musk helped put Trump back in power, and the relationship looks openly transactional.
Both parties accept help from wealthy people, and yes, they do expect something in return. I don't see that Musk got anything out of it, though. Musk received 0 benefit from DOGE.
> But that does not make up for the harm, distortion, and unaccountable power being exercised now.
What power do you think Musk is exercising now?
> He is also benefiting from an administration where white collar crime and regulatory accountability seem to have basically stopped being real things.
I gave you examples of no accountability in government things. I don't see any decrease in accountability.
> Even today, Tesla appears to be the highest P/E outlier in the S&P 500 among profitable companies. So the market is not just valuing the current business. It is valuing the story, the hype,
Sure. And I bought TSLA years ago. I didn't believe his FSD hype. But he delivered on it anyway. If TSLA stock implodes, it's only going to hurt the shareholders, not you.
> and increasingly Musk’s ability to buy influence to stay outta trouble.
What influence is he buying?
> Musk received 0 benefit from DOGE.
Besides eviscerating all the regulatory agencies enforcing rules against his companies and huge amounts of private data from all sorts of agencies?
USAID was not involved with regulating Musk's companies.
Let's say Musk has all that private data. What did he do with it? Is he extorting anyone? How does it help his rocket business? Is he draining anyone's bank accounts?
Who said anything about USAID? DOGE eviscerated all sorts of agencies. At this point I no longer consider you to be arguing in good faith. I'm done here.