this post was submitted on 21 Dec 2025
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Fuck Cars

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Considering the pickup EV has been an enormous commercial flop, only selling barely a fraction of Musk’s promised 250,000 to 500,000 Cybertrucks a year, there’s a good chance Tesla is using the mercurial CEO’s other venture to boost the numbers ahead of the end of an otherwise disastrous year.

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[–] SaveTheTuaHawk@lemmy.ca 78 points 4 days ago

Ah, the AI business model...

[–] CIA_chatbot@lemmy.world 304 points 5 days ago (16 children)

Pretty sure this is illegal, you know, using one company to prop up another (the old “Enron” method)

Wish the US still I don’t know, had laws and whatnot

[–] Quacksalber@sh.itjust.works 137 points 5 days ago (2 children)

Laws are so 2010. Get with the time, it's all corruption and gambling now.

[–] hark@lemmy.world 10 points 4 days ago

2010? By that point, the global financial crisis had already proven that there are no consequences for financial manipulation if you're rich enough.

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[–] Witchfire@lemmy.world 57 points 5 days ago

"Illegal" is only for the poors and can apply to something as simple as crossing the street

[–] if_only@sh.itjust.works 47 points 5 days ago (1 children)

Oh we still have laws. Elon is just part of the "in" group who the laws protect but do not bind.

[–] bigfondue@lemmy.world 18 points 5 days ago

Just like Madoff and SBF, he'll only face consequences if he fucks over the wealthy

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[–] minorkeys@lemmy.world 29 points 4 days ago (1 children)

Sounds like some form of fraud.

[–] gergolippai@lemmy.world 11 points 4 days ago (1 children)

Because it is :)

EV subsidies are going away soon, so Elons putting some money fromone pocket to the other now, but also claims the subsidies so he's putting more money to that other pocket than he took out from the first pocket.

[–] AWistfulNihilist@lemmy.world 4 points 3 days ago (13 children)

Space x money is coming from government contracts too, that's an insane feedback loop of potential fraud.

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[–] skozzii@lemmy.ca 41 points 4 days ago (2 children)

Elon is running the biggest Ponzi in history, financing on financing and counting both as the total. Eventually he won't be able to keep shuffling assets around and counting both, they will all collapse with nothing left and everyone will be shocked pikachu despite it being obvious.

[–] SaveTheTuaHawk@lemmy.ca 29 points 4 days ago (1 children)

Elon is running the biggest Ponzi in history

after Nvidia and Open AI.

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[–] Venat0r@lemmy.world 11 points 4 days ago

Elon is running the biggest Ponzi in history

it's a bigger ponzi than nvidia?

[–] Nemo@slrpnk.net 121 points 5 days ago (3 children)

All valid criticism aside, 1000 is a pretty fathomable number.

[–] Professorozone@lemmy.world 38 points 5 days ago

To me one sold Cyber truck is unfathomable.

[–] FatVegan@leminal.space 27 points 5 days ago (1 children)

They only made around 50k of them. So that is still a considerable amount.

[–] Viking_Hippie@lemmy.dbzer0.com 44 points 5 days ago (5 children)

Sure, but still a number which it is possible to fathom.

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[–] boonhet@sopuli.xyz 19 points 5 days ago

I think it becomes unfathomable when someone's buying that number of cybertrucks. As in I can't fathom why someone would do that, unless to juice Tesla's numbers.

[–] PillowD@lemmy.world 27 points 4 days ago

It's been awhile since I took accounting, but this looks like they are setting up a transfer pricing fraud.

[–] technocrit@lemmy.dbzer0.com 94 points 5 days ago (1 children)
[–] stretch2m@infosec.pub 20 points 5 days ago (3 children)

THANK you. I can't even get excited about their successes knowing Musk is involved.

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[–] AdolfSchmitler@lemmy.world 28 points 4 days ago (1 children)

He literally already did something like this with tesla and solar city. There was a court case and everything but musk won so it's no suprise he's doing it again.

[–] Quexotic@infosec.pub 39 points 4 days ago (4 children)

60m settlement. Technically a loss, but a slap on the wrist and a drop in the bucket as far as I'm concerned so I won't argue that it wasn't a win.

I can't believe this fucking court system.

https://www.pv-tech.org/delaware-judge-approves-us60m-settlement-for-tesla-shareholders-aggrieved-b/

[–] bold_atlas@lemmy.world 9 points 4 days ago (2 children)

Once you have enough money winning a court case is indistinguishable from losing one.

[–] frostysauce@lemmy.world 10 points 4 days ago

If the penalty for a crime is a fine it is only illegal for poor people.

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[–] payhn@sopuli.xyz 19 points 4 days ago (1 children)

Unfathomable and 1000-2000 are quite different… especially when talking about 250,000

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[–] PedestrianError@towns.gay 67 points 5 days ago (1 children)

@technocrit Using taxpayer money that they're granted due to the outsourcing of government functions like NASA and communications to bail out their incompetent boss's other failing business which was initially built on tax credits supposedly created to address climate change. None of Musk's companies are profitable, they're just good at stealing from the mooks who run governments.

[–] davidagain@lemmy.world 20 points 5 days ago

Musk: most efficient in the world at extracting the public's money via government.
Besos: most efficient in the world at extracting the public's money directly.

[–] melsaskca@lemmy.ca 24 points 4 days ago (7 children)

Nothing is based on supply and demand anymore. The "market" no longer makes corrections. It's all manipulatable fuckery and the elite still wants you to believe that the stock market is stable. The big bubble burst will be money, and how it's abused/misused, not AI.

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[–] VinnyDaCat@lemmy.world 15 points 4 days ago

Wash trading at its finest.

[–] W3dd1e@lemmy.zip 10 points 4 days ago (1 children)

This is how Elon will make his pay package. Buy them from himself!

[–] hovercat@lemmy.blahaj.zone 7 points 4 days ago (1 children)

He's already done this before too. See the Boring company purchasing a bunch of cars too

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[–] echodot@feddit.uk 8 points 4 days ago

I failed to understand why Tesla shareholders thought that it would be a success. Everything about it is stupid. Far apart from any political situation that musk cause caused.

It made out of suspect material that is obviously going to corroded and accelerated rate thus causing them to have to do financially onerous repairs, it's a regulatory nightmare anywhere outside of the United States, it's demonstrably not a very good truck and thus has a very limited market, and it's unnecessarily heavy without offering any real benefits for that weight so it has terrible range. Oh and it has a tendency to get stuck in mud any deeper than one micron. What a wonderful product, why isn't everyone getting it?

[–] MonkderVierte@lemmy.zip 18 points 4 days ago* (last edited 4 days ago)

~~Money laundering?~~ Stock boosting, same difference.

[–] Itdidnttrickledown@lemmy.world 36 points 5 days ago

Playing games with the shareholders. Giving tesla a boost by paying for it with spacex.

[–] BilboBargains@lemmy.world 14 points 4 days ago

That's a creative use for the state handout that he receives for spacex, propping up the shareholders.

[–] sem@piefed.blahaj.zone 29 points 5 days ago

Oroborous Economics

[–] OhStopYellingAtMe@lemmy.world 27 points 5 days ago
[–] Fedizen@lemmy.world 8 points 4 days ago

Straight up fraud

[–] markz@suppo.fi 30 points 5 days ago (3 children)

Are they gonna use them as ballast or dummy payload or what?

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[–] SCmSTR@lemmy.blahaj.zone 9 points 4 days ago

Anybody that even indirectly gives any resource to these companies is being had

[–] DontRedditMyLemmy@lemmy.world 17 points 5 days ago (1 children)

A cybertruck bubble you say??

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[–] kowcop@aussie.zone 16 points 5 days ago (1 children)

Calling it now, spacex will merge with Tesla to try hit the valuation for Musks pay package

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[–] ZILtoid1991@lemmy.world 10 points 4 days ago

From one pocket to another...

[–] davidagain@lemmy.world 20 points 5 days ago* (last edited 5 days ago)

He only gets his reinstated absurdly large Tesla bonus if Tesla does really well.

What can be better for profits than selling a bunch of cybertrucks? (Even if it is to himself.)

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