Okay, why is Musk worth so much? Bezos I can understand given how huge Amazon is? But what has Musk done that’s anywhere close to that in scale?

  • ChairmanBao [he/him]
    ·
    3 years ago

    :trueanon: did a good series going into where all Musk's money is coming from. Its all fake, get ready for another Black Tuesday lol

    • SteamedHamberder [he/him]
      ·
      3 years ago

      Essentially the S&P andNasdaq are tied to Tesla price which is tied to the value of zero-emissions credits, right? So once “real” car companies start increasing production of zero-emissions vehicles (the Chevy Volt, electric F150 etc.) the price of the credits is going to tank, along with Elon’s wealth and the stock market as we know it.

        • Posadas [he/him, they/them]
          ·
          3 years ago

          MF'sW only Tesla is making an electric truck with atleast a 6ft. long bed.

          :agony-4horsemen: :agony-acid: :agony-consuming: :agony-deep: :agony-immense: :agony-limitless: :agony-mescaline: :agony-shivering: :agony-shrooms: :agony-soviet: :agony-turbo: :agony-wholesome: :agony-yehaw: :agony: :angery: :deeper-sadness:

    • blobjim [he/him]
      ·
      edit-2
      3 years ago

      The thing that stuck out is they're in the S&P 500 or whatever now so tons of retirement funds and stuff buy their stock xD. So they're like permanent members of :stonks-up:.

      • LoudMuffin [he/him]
        ·
        3 years ago

        IIRC pretty much the entire internet runs on Amazon webservers which is where their real money comes from, the whole shipping thing is just setting up for to win capitalism

        I may be wrong doe