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by tristanj 3 days ago
The Tesla/SpaceX merger rumors feel like classic cope created by Tesla bagholders who feel they are missing out on the SpaceX IPO.

Let’s be real: Elon has mentally checked out of Tesla. His heart and focus is at SpaceX, and long time Tesla holders have watched this slow-motion abandonment happen over the past few years. Just look at the lack of projects/innovation coming out of Tesla, and compare that to what's happening at SpaceX. Innovation has slowed to a crawl at Tesla. Tesla shareholders desperately want in on Elon's next project, and the only way they can protect their investment is if SpaceX buys them out.

2 comments

This seems like a narrative construction detached from reality . Tesla owners can just sell and buy spacex. Its not like tesla is down.
Selling Tesla to buy SpaceX would incur a taxable event, and holders would need to pay capital gains, decreasing the size of their investment. If SpaceX acquires Tesla, there's no taxable event.

Also, part of this is their own self-delusion to discourage each other from selling to buy the shiner new Elon project.

It's incredible to think that there are still people who think Elon Musk is really involved in any positive way in the technology his companies' employees produce.