this post was submitted on 07 Nov 2024
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That’s an awfully expensive political statement, even for Musk
True, but he's proven repeatedly that he's got far more money than sense.
Does it really matter if you have one billion or 200 billion?
Previously he could buy a company like Twitter on a whim. He’d probably have to think twice about doing that again, so there’s a noticeable loss of purchase power.
Then you see his solar company is gone, drilling never went anywhere, car company may be pinched.
At least what he spent to buy a seat in government was cheap (for him)
He is the reason he has a loss in purchasing power. Imagine if he has focused on upgrading hardware/tech. Roughly 6 million Tesla's have been sold. We know he spent around 3 billion buying chips from NVIDIA to funnel the money elsewhere used for other projects. That's $500 dollars extra per car ever sold that could have been put into lidar and other research and development. Since he really wouldn't need to put it in the older models, he could have used that money alone to produce a cheap well built $25k EV. And had to the money for full self driving in more expensive versions. Poof, Tesla would have gained support instead of losing support.
His toxicity is what cost Twitter so many users, and advertising money. He could be worth 400billion right now and growing fast if he had focused on his companies growth and not yelling at clouds.
Pretty good return on investment so far.