Tesla stock marks lowest close in years as investors worry about Musk’s focus
Let&#x27;s walk through the math, and review Elon Musk&#x27;s own words and numbers...<p>Why you should NEVER believe Elon Musk! (Part 33 ⅓):<p><a href="https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=YrwkNp_AOjQ&amp;t=2m58s">https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=YrwkNp_AOjQ&amp;t=2m58s</a><p>[...]<p>&gt;But Musk is adamant that his amazing decision making is what drives what happens at Tesla.<p>&gt;It is Tesla that has lost HALF A TRILLION DOLLARS, five hundred BILLION dollars off its market cap this year.<p>&gt;But Elon Musk was so proud about the money he could save Tesla in a half hour meeting.<p>&gt;&quot;Every good hour or even minute of thinking about Tesla and SpaceX has such a big effect no the company...&quot; -Elon Musk<p><a href="https:&#x2F;&#x2F;sadtrombone.com&#x2F;" rel="nofollow">https:&#x2F;&#x2F;sadtrombone.com&#x2F;</a><p><a href="https:&#x2F;&#x2F;www.nasdaq.com&#x2F;market-activity&#x2F;stocks&#x2F;tsla&#x2F;historical" rel="nofollow">https:&#x2F;&#x2F;www.nasdaq.com&#x2F;market-activity&#x2F;stocks&#x2F;tsla&#x2F;historica...</a><p>&gt;&quot;...and that I really try to work as much as possible, you know, to the edge of sanity, basically.&quot; -Elon Musk<p>&gt;Yeah, it&#x27;s only because of Elon Musk&#x27;s hard work that Tesla has lost over 50% of its value this year.<p>&gt;&quot;Every high quality minute of thinking is a million dollars impact on Tesla.&quot; -Elon Musk<p>&gt;Oh, oh, it was so close. If he&#x27;d said that every minute he spends alive he causes a million dollars damage to Tesla&#x27;s market cap.<p>&gt;&quot;I mean, there are many instances where a half-hour meeting -- I was able to improve the financial acumen of the company by $100 million in a half-hour meeting.&quot; -Elon Musk<p>&gt;Let&#x27;s see. Tesla&#x27;s market cap is about $500 billion dollars. And it&#x27;s lost about half of its value this year. Meaning that Tesla has lost some $500 BILLION DOLLARS in market cap this year.<p>&gt;For perspective, that&#x27;s about TWICE the market cap of Walmart.<p>&gt;So let&#x27;s see, $500 billion dollars in a years, there&#x27;s roughly 10,000 hours in a year, so EVERY HOUR THIS YEAR, thanks to Musk&#x27;s brilliant leadership, Teslas&#x27;s lost about $50 MILLION DOLLARS of its market cap, give or take $1 MILLION DOLLARS for EVERY MINUTE Musk has been alive this year.<p>&gt;&quot;Every high quality minute of thinking is a million dollars impact on Tesla.&quot; -Elon Musk<p>&gt;You&#x27;ve been watching this video for about five minutes. The time it takes Elon Musk to $5 MILLION DOLLARS OF DAMAGE to Tesla stock.<p>&gt;And this might give you some insight into why buying BURNING CANCER was still more valuable to Elon Musk than Tesla stock. Damn straight!<p>&gt;What he can do for Tesla, he can do for Twitter.<p>&gt;Now, Elizabeth Holmes this week got sentenced to ten years in jail for lying to investors, eventually resulting in a loss of about $10 billion dollars of the market cap of the company.<p>&gt;Musk has been leading Tesla to lose market value at the rate of about a Thernos EVERY WEEK!<p>&gt;And I should stress, one of the reasons Holmes got off so lightly -- yes, 10 years is lightly -- is she hadn&#x27;t unloaded the stock when it was massively over-valued on her false promises.<p>&gt;That is, she claimed that her heart is in the right place. And that she hadn&#x27;t clearly pumped the stock up and then sold loads of it.<p>&gt;I mean, it&#x27;s not like she promised self-driving cars that would give you 100% return on investment with zero risks.<p>&gt;&quot;You say, what would be the probable gross profits from a single robo-taxi. We think probably something on the order of about $30,000 per year, and we expect to have the first operating robo-taxis next year. With no one in them. Next year.&quot; -Elon Musk, 2019<p>&gt;And that they would be ready by 2020. Then after the stock explodes in value on a promise that would make most Ponzi schemes seem believable.<p>&gt;Selling some $30 BILLION DOLLARS worth of stock.<p>&gt;I mean, I&#x27;m not really a stock market guy, but I think this called &quot;Pumping and Dumping&quot;. Let me see:<p><a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Pump_and_dump" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Pump_and_dump</a><p>&gt;Pumping and dumping is an ILLEGAL scheme to boost stocks and security price based on false, misleading, or greatly exaggerated statements.<p>&gt;&quot;Like the Model S and Model X, at this point, can drive autonomously with greater safety than a person, right now.&quot; -Elon Musk<p>&gt;&quot;The convoy technology, the tracking technology, this is something that we are confident we can do TODAY 10 times safer than a human driver. I WANT TO BE CLEAR, this is something we can do NOW!&quot; -Elon Musk<p>&gt;Huh. But let&#x27;s leave the legality of Musk&#x27;s billions on the side for a second. And for those fans adamant that Musk bought Twitter for the greater good.<p>&gt;&quot;...function of Democracy. It&#x27;s important to the function of the United States. I don&#x27;t care about the economics at all.&quot; -Elon Musk<p>&gt;&quot;This is not about the economics. It&#x27;s about the moral good that you think it will shape...&quot; -Sycophantic Interviewer<p>&gt;Maybe now is a good time to remember that Musk spent most of the summer filing lawsuits to try and wiggle out of buying Twitter. Trying his hardest to renege on the deal.<p>[...]<p>It&#x27;s well worth watching the rest of this hilarious and fact-filled chock-full-of-Musk-quotes video, and the entire series, as Thunderf00t publishes more every time Musk lies and loses billions of dollars, which is quite often:<p><a href="https:&#x2F;&#x2F;www.youtube.com&#x2F;@Thunderf00t&#x2F;videos">https:&#x2F;&#x2F;www.youtube.com&#x2F;@Thunderf00t&#x2F;videos</a><p>Why you should NEVER believe Elon Musk!<p><a href="https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=JN-kajBcyew">https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=JN-kajBcyew</a><p>Elon Musk, War Profiteering? W-T-F!<p><a href="https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=3qGg6wiXoSc">https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=3qGg6wiXoSc</a><p>Why you should NEVER believe Elon Musk! (part Deux)<p><a href="https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=uO9yw9QThzU">https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=uO9yw9QThzU</a><p>Elon Musks BIG mistake!<p><a href="https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=9sCYxE0_W-s">https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=9sCYxE0_W-s</a><p>Why you should NEVER believe Elon Musk! (Part 33 ⅓)<p><a href="https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=YrwkNp_AOjQ">https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=YrwkNp_AOjQ</a><p>Tesla Semi: Delivers FAILURE!<p><a href="https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=o3dCDNIRM34">https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=o3dCDNIRM34</a><p>Elon Musk DEBUNKS the Tesla Semi, BOOED, Twitter Bannings, and Tesla CRASHING<p><a href="https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=U07ZxBE6iY8">https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=U07ZxBE6iY8</a><p>The Tesla-Bot videos are so much more side-splittingly funnier than any episode of Silicon Valley or Futurama or Rick and Mortey ever, but it&#x27;s 100% totally true:<p>Tesla-Bot BUSTED: Why you should NEVER believe Elon Musk!<p><a href="https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=JN-kajBcyew">https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=JN-kajBcyew</a><p>Tesla AI Day 2!!!! ITS HERE!!!!<p><a href="https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=Qxth7F8Y5jM">https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=Qxth7F8Y5jM</a><p>The Tesla Bot: BUSTED!<p><a href="https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=rmkFrv80b7Y">https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=rmkFrv80b7Y</a>