No. of Recommendations: 2
Sunday speculation
As car sales sink and subsidies vanish with the budget bill, run out of ways to promise new products that will either neither materialize or will never be materially profitable relative to size of firm. Blow up the autonomous driving sell by antagonizing the chief regulator. Watch head of Optimus leave the day after, as firm substantially lags Boston Dynamics and other real players in field.
Pivot to bitcoin -- a "currency" that fluctuates minute to minute so it has no use a as currency -- as last vestige of meme stocks with a dwindling business case.
I think you may be right on where Musk's odyssey leads -- shilling bitcoin. I have a different idea on why we get there.
No. of Recommendations: 3
back in the day when i lived in the bay area , the 1 and only musk delusion was that tesla was going to be the most profitable company on the planet simply on the basis of selling the car itself. i had some envy over some the salaries and BoD comp, but not much else.
every few years, the fanboy base had decent turnover, and the stories became more extended and outlandish.
fundamentals were limited to 'number go up'.
they would hide behind convenient tropes such as 'when the story changes, i change my mind', although it was extremely hard to find how many held for more than 5 years, and how many brain changes were required.
as one realizes in the golden age of grift, memes, crypto, djt stock, etc...we are far from bursting the delusion other than if trump deports musk and 'number go way down'.
No. of Recommendations: 1
The speculation: After exhausting all other possible solutions (including starting a new political party) Elon will turn into a hard core Bitcoiner and convert Tesla's considerable USD treasury into mostly BTC...
...A few would see it for what it is: a bold step forward to a new neutral, global, scarce monetary system. Maybe neutral for the stock in the short run but a positive in the long run is my guess.
You're missing an obvious third option. He could simply accept Bitcoin as payment for Teslas. That allows him to grow Tesla's Bitcoin holdings, which avoids the political criticism yet allows him to take the bold step forward.
