This is’nt really questionable behavior, yet, but it’s certainly unsustainable. Those companies require vehicles, especially SpaceX, and there’s nothing wrong with buying those vehicles from Tesla. But it’s hardly sustainable unless Musk claims the fleets wear out yearly. Hell, being Cybertrucks, that may turn out to be true.
But what if the parking lots of these companies start getting packed with unused Cybertrucks? What if he can’t pretend these are legitimate purchases? Anyone know what legal issues might exist?
Musk’s just kicking the can down the road on TLSA prices. It’s a bubble. I know it, you know it, he knows it. I just wish it would pop and the dust would settle before the monster AI bubble pops.
Considering SpaceX is a company for which government funding is crucial to its survival I disagree that’s its not questionable, most large companies would ensure their procurement procedures were exceptionally transparent - eg tender large procurements publically and make their selection process, justifications and outcome public so as to avoid any issues of nepotism, favouritism or flat out corruption that could harm the business.
This is a very large company that’s just bought a bunch of unreliable, unsellable excess product that it’s staff will be forced to rely on daily, purely because the CEOs side-business needs a bailout. What’s the bet they were sold close to retail price and will appear on Tesla’s quarterly report in December as a huge influx of Cybertruck sales? That might be good for Tesla but it sure isn’t good for SpaceX.
Any potential legal issue would be a civil, not criminal matter, and would be with the other xAI and SpaceX shareholders. Both are private companies, so if someone has issues with this, there could be a lawsuit, but more likely, it’ll result in a quiet settlement. If a lot of shareholders have an issue with this, then we’ll probably hear something about it.
This is’nt really questionable behavior, yet, but it’s certainly unsustainable. Those companies require vehicles, especially SpaceX, and there’s nothing wrong with buying those vehicles from Tesla. But it’s hardly sustainable unless Musk claims the fleets wear out yearly. Hell, being Cybertrucks, that may turn out to be true.
But what if the parking lots of these companies start getting packed with unused Cybertrucks? What if he can’t pretend these are legitimate purchases? Anyone know what legal issues might exist?
Musk’s just kicking the can down the road on TLSA prices. It’s a bubble. I know it, you know it, he knows it. I just wish it would pop and the dust would settle before the monster AI bubble pops.
Considering SpaceX is a company for which government funding is crucial to its survival I disagree that’s its not questionable, most large companies would ensure their procurement procedures were exceptionally transparent - eg tender large procurements publically and make their selection process, justifications and outcome public so as to avoid any issues of nepotism, favouritism or flat out corruption that could harm the business.
This is a very large company that’s just bought a bunch of unreliable, unsellable excess product that it’s staff will be forced to rely on daily, purely because the CEOs side-business needs a bailout. What’s the bet they were sold close to retail price and will appear on Tesla’s quarterly report in December as a huge influx of Cybertruck sales? That might be good for Tesla but it sure isn’t good for SpaceX.
Wouldn’t it be just hilarious if his hubris destroyed spacex, his one company that was actually doing well, despite him.
Any potential legal issue would be a civil, not criminal matter, and would be with the other xAI and SpaceX shareholders. Both are private companies, so if someone has issues with this, there could be a lawsuit, but more likely, it’ll result in a quiet settlement. If a lot of shareholders have an issue with this, then we’ll probably hear something about it.