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by vineyardmike
790 days ago
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> His companies are doing fine and he's still super rich. Tesla sales are down a lot , even as they give up margin to lower price in an effort to boost sales. Twitter is not profitable, heavily indebted, and likely loosing a lot of traffic. SpaceX is one of the most promising opportunities for him, and even that has huge structural risks due to clients being governments and is barely (rarely) profitable. The boring company, neurolink, etc are barely real companies, they're just vanity projects for him. |
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Down from super high is still high. Still profitable company with an incredibly high market cap.
> Twitter is not profitable, heavily indebted, and likely loosing a lot of traffic.
Twitter's market cap hasn't change much. The perception of it losing value and being in trouble has a lot more to do with people's personal feeling (ironically expressed on X), rather than economics. It wasn't profitable when he bought it and it's not profitable now. It's still worth roughly what he bought it for.
> SpaceX is one of the most promising opportunities for him, and even that has huge structural risks due to clients being governments and is barely (rarely) profitable.
By your own admission, profitable and future projects are set to make it more even more profitable. Governments are the least risky clients there are.
> The boring company, neurolink, etc are barely real companies, they're just vanity projects for him.
That he spends relatively little money on, hardly worth mentioning, either positive or negative.