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edhopper

(37,632 posts)
Fri Jun 12, 2026, 04:59 PM Friday

Musk is a "trillionaire" because of incredibly overpriced stocks.

First there is Tesla, with a market cap of 1.5 trillion, that is 6x more than the worlds biggest car maker, Toyota, that outsells Tesla 10 to 1. There won't be self driving cars, or millions of robo-taxis or home robots or any of the other BS Musk promises.
And now we have Space X, which relies on the US government for 90% of it's revenue, and is still losing money. Currently at about $4-$5 billion a year. But that is where Musk has stuck his unreliable AI nobody uses.
So, while I don't underestimate the stupidity of the investor class, these stocks eventually will come back to Earth.

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Musk is a "trillionaire" because of incredibly overpriced stocks. (Original Post) edhopper Friday OP
Eventually, but the market can remain irrational for a long time EdmondDantes_ Friday #1
Nobody needs a trillion dollars bucolic_frolic Friday #2
Plus he produces junk. efhmc Friday #3
Of course Rockefeller ITAL Friday #9
Waiting for all snowybirdie Friday #4
2008 showed us edhopper Friday #5
Does this include the 60% of Americans with 401ks? TheProle Friday #7
Plus side being B.See Friday #6
Mostly our tax money Blue Full Moon Friday #8

EdmondDantes_

(2,239 posts)
1. Eventually, but the market can remain irrational for a long time
Fri Jun 12, 2026, 05:06 PM
Friday

Don't get me wrong, I like looking at my 401k going up, but yes there are a number of vastly overpriced stocks based on hopes and dreams.

bucolic_frolic

(56,193 posts)
2. Nobody needs a trillion dollars
Fri Jun 12, 2026, 05:06 PM
Friday

We knew it in the Standard Oil era, we knew it when they broke up other businesses.

This is too much power in the hands of too few.

ITAL

(1,426 posts)
9. Of course Rockefeller
Fri Jun 12, 2026, 06:36 PM
Friday

Ironically ended up making even more money after they broke up Standard Oil than he had prior. He was a large stock holder in all the companies that it was busted up into and when they started competing against each other...he profited from it all. I remember seeing an interview with his grandson or great grand son once, where they said than old man Rockefeller said something along the lines of "If I knew I would make more after the split up Standard Oil, I never would have fought it so hard."

snowybirdie

(6,765 posts)
4. Waiting for all
Fri Jun 12, 2026, 05:31 PM
Friday

the so called traders to fail spectacularly and have to wipe the egg off their faces!

TheProle

(4,177 posts)
7. Does this include the 60% of Americans with 401ks?
Fri Jun 12, 2026, 06:06 PM
Friday

That's a lot of eggs. Who's gonna pay for that in this day and age.

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