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If Enron Musk wants public money for this SpaceX, he should start buying back Tesla cars which sit on unsold lots and junkyards
Investor summaryBearish
Author mocks SpaceX's IPO as a scam while heavily criticizing Tesla's unsold inventory and rapid depreciation of used cars.
Bear points
- Massive unsold new car inventory accumulating in lots.
- Used Teslas depreciate rapidly and become worthless junk after 5 years.
- Leadership is accused of prioritizing external cash grabs over fixing core auto issues.
Post body
This IPo is the biggest scam we ever had. it will never make money and they know it so they try to grab public moneys from pension funds invading indexes and other marketing methods. it is expropriation of public money to fund problems which do not exist. those satelites will be a junkyard as all bunch of new teslas which are not sold, not to mention used ones worth nothing and pure junk after 5 years of ownership
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