Were we expecting anything else?

Elon Musk treats it like a game where he moves money from one pocket to another, what happens when the value starts sliding? Have another of his company buy an asset at an overinflated value without really paying anyone anything (moving Twitter into Spacex by acquiring his own Xai conpany). Side tracking here, but some numbers foe reference:

1. Oct 2022, acquire Twitter for 44bn

2. Mar 2025, acquire it into Xai and combines with the AI side quests at a total value of 113bn

3. Finally Spacex acquires Xai in Feb 2026 for 250bn. (Wonderful stuff right here, I wish I had so much money that I could claim my bag of junk is worth billions of dollars, and double in value every 2 years)

Worth noting, Tesla is trying to pad their numbers by claiming profit from Spacex holdings. Supposedly claiming that they made huge gains from Spacex shares (which have been on an unstoppable nose dive too). Guesses are rife that the "gains" are likely further padded by taking the peak value of Spacex's shares, so that is another festering wound. Separately, Spacex is used to bail out the disastrous cybertruck project by acquiring 1279 trucks, at 131 million (same stunt, inflate the price and move money between the pockets).

As it is everyone holding the bag keeps crowing that robotaxi is the next big thing, and that Tesla has it all figured out. Except it is not the case. Tesla had an advantage of being the first mover in the modern EV industry, which quickly got eroded by the huge sums of money the China government threw into their domestic market. Robotaxi is a frontier that everyone is on, trying to be the next big thing. There is no one player that dominates, there is no one player that is too big to fail. Tesla could not even figure out a real self driving, I would not hold my breath for whatever robotaxi they eventually claim to come up with, there will be a non zero chance that corners were cut and their users' lives would be endangered.

I am looking forward to what crazy excuse Musk and his frenetic fanbase can conjure to make it look better than we are seeing. Maybe that is why the man himself is engaging with right wing nutjobs, to distract from all the disastrous numbers popping out left, right and centre. After all, the news will get eyeballs, and if he successfully tears down democracies, he can do more fraudulent deeds without being held accountable, all while desperately trying to run up the phantom number that is his networth...