| > Tesla sales are down a lot 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. |
A market cap that has more than halved in the last year. And market cap isn’t everything. Plummeting sales amid higher competition, layoffs, etc don’t paint a great picture.
> Twitter's market cap hasn't change much
Since what time period? Since after he shaved 70% of it off? [1]. It wasn’t and still isn’t profitable, yes, but it now has a far higher debt load and a drop in advertising revenues which make it worth less.
> profitable and future projects are set to make it more even more profitable.
Oh I said rarely and barely profitable. That doesn’t imply much profit, nor potential. It has promise, yes, but clear profits… no. Sorry for the confusion. They turned a profit only for one quarter. The structural risks are due to government subsidies that can (and are) being pulled from SpaceX. Starlink has been a huge boom to its revenue, but those subsidies were part of that. His errant behavior could jeopardize additional contracts (eg his drug use).
> hardly worth mentioning
The trail of headline worthy businesses are worth mentioning because they add to his allure and image. That they have little business potential, amount to trivial cost to him, and are for vanity, makes them meaningless.
1. https://arstechnica.com/tech-policy/2024/01/since-elon-musks...