Sounds like some form of fraud.
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Because it is :)
EV subsidies are going away soon, so Elons putting some money fromone pocket to the other now, but also claims the subsidies so he's putting more money to that other pocket than he took out from the first pocket.
Space x money is coming from government contracts too, that's an insane feedback loop of potential fraud.
To be congratulated on the public stage by the clown running the circus, no doubt.
Ah, the AI business model...

It's been awhile since I took accounting, but this looks like they are setting up a transfer pricing fraud.
Elon is running the biggest Ponzi in history, financing on financing and counting both as the total. Eventually he won't be able to keep shuffling assets around and counting both, they will all collapse with nothing left and everyone will be shocked pikachu despite it being obvious.
Elon is running the biggest Ponzi in history
after Nvidia and Open AI.
Business idea. I make an ai using ai, then hord investments and use that money to invest into another ai that I have made using an ai tool. Rinse repeat
Elon is running the biggest Ponzi in history
it's a bigger ponzi than nvidia?
This is how Elon will make his pay package. Buy them from himself!
He's already done this before too. See the Boring company purchasing a bunch of cars too
I failed to understand why Tesla shareholders thought that it would be a success. Everything about it is stupid. Far apart from any political situation that musk cause caused.
It made out of suspect material that is obviously going to corroded and accelerated rate thus causing them to have to do financially onerous repairs, it's a regulatory nightmare anywhere outside of the United States, it's demonstrably not a very good truck and thus has a very limited market, and it's unnecessarily heavy without offering any real benefits for that weight so it has terrible range. Oh and it has a tendency to get stuck in mud any deeper than one micron. What a wonderful product, why isn't everyone getting it?
how many cybertrucks are gonna be trashed in landfills, junkyards and such?
Unfathomable and 1000-2000 are quite different… especially when talking about 250,000
Wash trading at its finest.
Straight up fraud
He literally already did something like this with tesla and solar city. There was a court case and everything but musk won so it's no suprise he's doing it again.
60m settlement. Technically a loss, but a slap on the wrist and a drop in the bucket as far as I'm concerned so I won't argue that it wasn't a win.
I can't believe this fucking court system.
https://www.pv-tech.org/delaware-judge-approves-us60m-settlement-for-tesla-shareholders-aggrieved-b/
Once you have enough money winning a court case is indistinguishable from losing one.
If the penalty for a crime is a fine it is only illegal for poor people.
once you have enough money, laws don't apply to you anymore. You just get inconvenienced by pocket change level "fines"
Pretty sure this is illegal, you know, using one company to prop up another (the old “Enron” method)
Wish the US still I don’t know, had laws and whatnot
NVidia-OpenAI-Nvidia-OpenAI
Laws are so 2010. Get with the time, it's all corruption and gambling now.
2010? By that point, the global financial crisis had already proven that there are no consequences for financial manipulation if you're rich enough.
Nothing is based on supply and demand anymore. The "market" no longer makes corrections. It's all manipulatable fuckery and the elite still wants you to believe that the stock market is stable. The big bubble burst will be money, and how it's abused/misused, not AI.
All valid criticism aside, 1000 is a pretty fathomable number.
To me one sold Cyber truck is unfathomable.
That's a creative use for the state handout that he receives for spacex, propping up the shareholders.
~~Money laundering?~~ Stock boosting, same difference.
Anybody that even indirectly gives any resource to these companies is being had
Fuck SpaceX too.
THANK you. I can't even get excited about their successes knowing Musk is involved.
I've read several articles that say they have teams assigned specifically to handle elon in all his companies - to keep him busy and away from the actual critical work.