1w ago

Elon Musk's SpaceX and xAI are buying Tesla's unsold Cybertrucks

17 comments

And once they'll catch fire, the insurance will pay them back.
He saw how Nvidia was creating a nice circular flow of money in the AI industry and decided he wanted to try it too
- It's a little different when you own all the companies
Genious... rich people can never fail, because they can always pull themselves up by their bootstraps.
Why can't the plebs do something so essential?What losers.
Seems kinda like fraud
This is called cooking the books.
https://www.investopedia.com/terms/c/channelstuffing.asp
- It isn't channel stuffing, because they are not over-supplying their regular sale channels.
At what point does this become securities fraud? Stock price manipulation by using obscene concentrations of wealth to prop up sibling companies?
- There were investigations into this, but Musk shuttered all the agencies responsible before he fucked off again. Totally above board.
- With the same move they are also defrauding investors at those companies.
  
  That's why he moved the companies to Texas from Delaware, because even though Delaware is ridiculously business friendly, they'll actually defend shareholders' rights there.

17 comments