zlacker

This whole thing is Musk just trying to keep the hype train going. Musk has learned one neat trick from all of his (quite admirable) success with Tesla and SpaceX: hype is more profitable than actually doing stuff that generates value now.

Tesla's valuation has been nuts for a while. The music was going to stop playing at some point, so something something robotaxis, something something androids, something something AI. Keep the investors duped while you can move money around and leverage it to stay relevant.

Cars are out, social media as well (especially X), but Space is still in, and even more so AI. So let's move the cost center with world domination potential (AI) over to the one company that's making money and has a still has a cash-out potential via an IPO.

I'm just so tired of it all. I actually think 'boutique' businesses (companies that generate real value to real users and are profitable now) are the only thing that can save our economy medium-term, but investors and the government are having none of it. And the result is that these bait-and-switch scams will continue.