Clickbait title, I apologize but its Rule5 to keep the original titles.
This article performs a business analysis on Elon Musk, and where the money seems to have been going with regards to Tesla, SpaceX, and of course Twitter this year. With $1.3+ Billion interest payments coming up, Twitter is likely low on cash soon.
It seems premature to call Elon out (ie: the clickbait title is too clickbait), but this article makes a good case why Elon’s financial situation across these companies is in trouble.
With regards to Tesla itself: Cybertruck is a dud that is only there to hype the stock price at this juncture. With only 10 deliveries from the delivery event, “2024” for the start of the limited production $80,000 model and an unknown “2025” date for the cheaper mass production model, there’s no hope for Cybertruck to be financially relevant any time soon.
With Rockets exploding at SpaceX, with Tesla ramping up production (ie: $$$$$$ spent), and Twitter losing $Billions/year on interest alone (let alone all the other costs going on), the article suggests that a Twitter bankruptcy is in Elon’s best interest to keep things moving.
An interesting argument, we will see how it plays out over the next year.
While I agree with the general sentiment, y’all have to look at the actual prices - that price is for Tesla’s high end car. Most people don’t buy those.
I see below a comment on $53k, but that is for the middle trim Model Y. There’s a lower trim, and the Model 3 is cheaper. And other brands are cheaper still
But yeah, this is the point of government incentives: to goose the market to try to get higher volume and lower cost more quickly. In my state, you can get $11k total incentive, plus low income can get an incentive to help wire in a charger. The net result is similar to many gas powered vehicles, except I paid $17 to refuel for an entire month
So the low trim is 40k, even 30k is far too much for normal people. Don’t get me wrong on this though I desperately want an electric car. I just can’t justify it right now, even used.
For sure, price is still a problem, but it’s only half what your comment said. It’s closer than many people think and it’s getting there