28 Jul 2022 9:07 am
Beekeeper » 28 Jul 2022, 7:35 am » wrote: ↑ Tesla isn't where he is making his money.
Space-X is his #1 profit center as he figured out how to LEVERAGE GOVERNMENT to pay for everything he ever created- including Tesla. He got over 6 BILLION from the US Government just to produce Tesla's. AND he gets BILLIONS a year from them to shoot the space station jockies into space too. NOT to mention what he charges to put satellites into orbit as well.
If you look at the market cap for Tesla and SpaceX Tesla is worth much more than SpaceX. I'm not sure exactly but I think the green credits is where he is making his money. That or investors are putting too much faith in Tesla.
From what I hear, Tesla was also the most shorted stock in the world for a period. This meant that investors were betting the price would go down. You do this by borrowing a stock and paying for it later. You could do some internet searches but I think that the government isn't paying him directly for his automobiles.
Elon Musk does do those reusable rockets for the government. NASA just figured at some point to leave some of the rocket work into the private sector. NASA assumed that the for profit apparatus would be cheaper. That is why there is a SpaceX.
Nothing is easier than defending the status quo.