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by agnosticmantis
42 days ago
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> ... will eventually cause trouble for accounting. Accounting has never been a concern in a Musk company or to his shareholders, as is evident from SpaceX IPO. People invest in him because he can make "number go up" regardless of profit and loss. He's not running conventional profitable businesses, but ponzi-esque growth stories that keep ballooning to no ends without ever reaching a climax. Nobody cares today what he promised 5 years ago (e.g. Tesla owners making $35k/yr passive income from their cars robotaxi'ing) because they're looking at what he's promising for the next 5 years (probably humanoid robots on Mars with an infinite TAM). |
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