Elon Musk is stealing your retirement

stvn.sh

16 points·mooreds··5 comments

I'm curious if there's anyone who studies these types of things who knows how common it is to have such overly ambitious plans for an IPO. I don't personally have enough context to know how much of an outlier this is. I'm also wondering if at this point any investors with the kind of money Elon is after really think that the the plan is rock solid so much as they are betting on Elon's ability to make a company worth a lot of money for investors.

I don't believe there ever was an IPO that ever declared its addressable market was the whole white-collar workforce.

Not every white-collar worker will buy our product. No, we will become every white-collar worker in America.

betting on Elon's ability to make a company worth a lot of money for investors

It all depends on how you define "worth".

Is Tesla "worth" a P/E ratio of 385? I personally don't think so --- not based on the fundamentals, not based on their actual performance in the marketplace.

Maybe what investors are really betting on is Elon's ability to convince people to pay these sort of outlandish prices for a stock with poor fundamentals.

In other words, they're betting on his ability to promote a new fantasy similar to the one he has been successfully selling for 2 decades.

“At nearly two trillion dollars, it’s instantly one of the biggest things in the market, which means every index fund has to hold it.”

This is nonsense. Plenty of index funds won’t be forced to hold it, including all of those tracking the S&P 500.

What should have been said is every *Nasdaq* index fund.

Nasdaq changed their listing rules for SpaceX.

https://www.linkedin.com/pulse/nasdaq-just-changed-rules-her...

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