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Michael Burry says neither SpaceX nor Anthropic is worth $1T (www.businessinsider.com)

submitted 4 days ago by rssbot@lemmy.bestiver.se to c/hackernews@lemmy.bestiver.se

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[–] psycho_driver@lemmy.world 30 points 4 days ago (1 children)

Neither is Tesla. I'm curious what will happen to the Tesla stock price after the SpaceX IPO. The rubes who think Tesla is a good investment that I've spoken with usually drag SpaceX into the conversation as a reason to invest in Tesla.

[–] Fishnoodle@lemmy.world 7 points 4 days ago* (last edited 4 days ago) (1 children)

My dad is all up elons ass and buys into his bullshit. Funny thing is, percentage wise, I'm significantly outperforming him by buying into direct competitors for elons scams(rklb, GSat, etc).

I keep telling him to bail on that trash while the price is good

Why the fuck would anyone want to invest in a company where the CEO is an illegal immigrant that steals over a trillion a year from the company?

[–] pivot_root@lemmy.world 1 points 4 days ago

Why the fuck would anyone want to invest in a company where the CEO is an illegal immigrant that steals over a trillion a year from the company?

Because he runs a grift by selling and hyping fantastical ideas to people with more money than common sense.

Anyone who works in any of the fields Elon claims to be an expert in knows he's full of shit and hasn't a clue about what he's talking about, but they are the minority.

For everyone else, the promises and his "history" are enough to sound like one-in-a-lifetime investment opportunities. Now consider the phenomenon of repetition influencing what people believe, then pair that with a vocal minority of layman investors whose egos can't let them accept failure so they spend their time trying convince everyone else that they made the right decision.