Elon Musk

ideally,

wait... what if they sped up block time 100X??

that would be a 10X win

what's crazy is, what if they sped up block time 110X? you see where i'm going with this

it's exponential

amazing that he managed to become the richest man of all time

Investopedia (updated May 2021) begs to differ:

1: Jeff Bezos... an estimated net worth of $197 billion, he is the richest man in the world

2: Elon Musk... estimated net worth is $152 billion.

3: Bernard Arnault... estimated net worth is $150 billion.

Be-ZOS, Be-ZOS, Be-ZOS, Be-ZOS, Be-ZOS, Be-ZOS, Be-ZOS, Be-ZOS, Be-ZOS, Be-ZOS, Be-ZOS, Be-ZOS, Be-ZOS, !!!!
Accum-u-LATE, Accum-u-LATE, Accum-u-LATE, Accum-u-LATE, Accum-u-LATE, Accum-u-LATE, !!!!

i think we can all agree that all these guys should have more money

Bezos sits inside the service yacht, aboard the main yacht, reading the coverage of the yacht on his yacht

the idea that these people have all this money is always so hilarious to me. they kindof dont really. what are they going to do, take 50billion out of the atm? all you can do with it after a certain point really is buy some worthless app company called Ploom or Burdl (expected IPO value 12bn.) so whats the difference between having like 50bn or 100bn or like 200tn? its the same.

https://www.youtube.com/watch?v=ppGd-2nEOVQ

Billionaires shouldn't exist. The rich cause society to be twisted to server their wants rather than the needs of everyone else.

whats the difference between having like 50bn or 100bn or like 200tn? its the same.

it has nothing to do with purchasing anything you want or need for yourself or for any of your 1000 closest family and friends (most of these billionaires barely have family and have no friends). it has everything to do with having enough personal power to shape the present society and its future, through corporations and foundations that will bear your name and vision in perpetuity. basically, it feeds their megalomania.

Kind of hilarious how pissed Bitcoin twitter is with Elon right now.

How confidence looks like ❤️ pic.twitter.com/CbMN5F6Csw

— Alex (@alex_avoigt) May 17, 2021

A Tesla in autopilot mode crashed into a deputy's patrol car in Washington, causing significant damage.https://t.co/3mK37E6j9G

— KATU News (@KATUNews) May 17, 2021

comrade autopilot thank u 4 ur service

tesla is good now

lol

Serious question cos I have no freaking idea how any of this works - is it likely Musk is manipulating the markets on purpose and then buying cheap stock in the dip? Isnt that trackable and illegal?

Bitcoin and Ethereum aren't publicly traded. Maybe some sort of related company though.

Economist Nouriel Roubini is accusing Elon Musk of market manipulation and stating that the SEC (U.S. Securities and Exchange Commission) should investigate.

The basis of Roubini's accusations stems from Elon Musk's tweets. Roubini accuses Elon of using his Twitter platform to pump up the price.

"For somebody like Elon Musk, who knows he has the market impact to manipulate, first take an individual position in Bitcoin, pump the price up, and then say that Tesla has invested."

"And Tesla doesn't make any money yet, it's also irresponsible, and it's market manipulation. The SEC should be looking into people that have a market impact, and that manipulate the price of assets. That's also criminal behavior"

Commenting on @Tesla's $1.5 billion bitcoin buy on #CDTV First Mover this morning, @Nouriel said it's "criminal behavior" for Elon Musk to take an individual stance on bitcoin to pump up the price before announcing Tesla's investment.

"Talk about a criminal enterprise." pic.twitter.com/aSHPX5ayHM

— CoinDesk (@CoinDesk) February 10, 2021

unlikely hes manipulating tesla stock but hes very obviously manipulating crypto

xps buying cheap stock in the dip?

here's what I understand about it. first, cryptocurrency markets are not regulated afaik and there are no cryptocurrency stocks to directly speculate in, just the currency itself. however, i've seen that tesla's reported profits have been strongly tied to their acceptance of cryptocurrency in sales transactions. tesla can then choose when and how they liquidate their crypto holdings into dollars in those unregulated markets, so if they (through musk) are manipulating those markets, they could easily maximize their resulting profits. seems like speculators could also be using tesla stock as a proxy to speculate in what amounts to a rigged cryptocurrency market.

I think the SEC can't do a thing about it, as long as tesla accurately discloses its reliance on cryptocurrency as part of their source of profits.

tesla bought a bunch of bitcoin, and musk has been personally messing with doge, kinda doubt too much of their sales are in bitcoin

so tesla's directly speculating in an unregulated market. cool.

im no big city lawyer, i dont really know what meets the criteria of market manipulation, but def seems like theres some fishy stuff going on

Did I post this or did I dream that I did? Anyway it’s good

https://www.cnbc.com/2021/05/17/michael-burry-of-the-big-short-reveals-a-530-million-bet-against-tesla.html

Yeah sorry stock was the wrong word, its currency trading. I dont think I actually realised it wasnt public trading, either.

thats a lotta puts baby xp

*pushes up glasses* it's actually $500m NOTIONAL value. He didn't put up $500m.

Also afaict there is little if any regulatory/legal mechanism to prevent crypto manipulation.

Yeah, that's the point, it's outside those stuffy things like LAWS, maaaaaaan

guys cmon be serious just because something is a crypto currency doesnt mean its outside the reach of long arm of the law, they dont have to like formally add each new asset class that comes along to the law books lol, the sec and other government agencies are happy to regulate anything people buy and sell, for instance theres been tons of investigations and prosecution/fining of crypto companies going on the whole time, now that doesnt mean that the crypto ecosystem isnt difficult to regulate due to its lack of transparency and surfeit of scammers at every level cause obvs it is, but my understanding is the government a while ago decided to treat crypto like securities and proceeded accordingly

and of course they could bring new laws/resources online to deal with the specifics of crypto which its kind of surprising they havent already, special new crime tools been out there for years lol

not quite as easy to move as the price of doge coin

Giga Berlin suppliers please accelerate!

— Elon Musk (@elonmusk) May 18, 2021

I mean yeah you can't like hide all your assets in bitcorn while you're going through a divorce and it's still illegal to scam people but I don't think market manipulation stuff is against the law, it's kind of the one thing bitcoins are really good for

it most certainly is against the law to manipulate the markets... whatever that means

Tell that to the farmers in my town! Every third Saturday, what the hell is that?

i will tell them

Thanks to @YIMBY_Princeton for inspiring me to check in on the Tesla forums, this Model Y trim discoloration (apparently caused by touchless car washes) is another classic. https://t.co/HhAaqK4U8l pic.twitter.com/zHbN7eij3k

— E.W. Niedermeyer (@Tweetermeyer) May 18, 2021

$TSLA - @elonmusk, you need to get to precision within inches first before you even attempt centimeters.#bitcoin #BTC https://t.co/duPnkKBeqs pic.twitter.com/WZyHzO6dHC

— phoenix10 (smartish) (@phoennix10) May 18, 2021

https://i.imgur.com/Hn04JBH.png

how many other value analysts do you think there are?

I already answered your question.

The author posted this video in the comments. It's a truck full of traffic lights. pic.twitter.com/h2LwyL65ck

— FSD in 6 months (@FSD_in_6m) June 2, 2021

"President Musk says his invasion of Iran is justified, as their leader is hiding a secret program to develop trucks full of traffic lights"

At least they weren't driving behind this dude:

https://i.pinimg.com/originals/be/80/ab/be80ab95c0cfe1630be6c520ccaadf67.png

Karl please replace the stoplights in that video with little icons of Doof Warriors.

I have to say, there's an amazingly huge difference between how these cars look when they drive by you (sleek, great!) and how they look/feel when you sit in them (plasticky, cheap)