Lol, Musk has 17% share of Tesla, not a majority of over 51%. Musks net worth has dropped from about $300 billion at start of the year and is now under $200 billion (Here’s a real-time reference https://www.forbes.com/real-time-billionaires/#2c1b342a3d78).
Tesla has been outed as not meeting human rights and environmental conscious standards, along with the complete clusterfuck that is the Twitter purchase attempts - so Twitter investors have dropped its value in half in 6 months. $600 billion gone.
Either Elon won’t be at SpaceX or SpaceX won’t be the one that achieves a colony on Mars. Maybe in 40 years or in 100 years but certainly not 1 million people on mars but 2040. It’s the same farce with SolarCity, The Boring Company, Full Self Driving cars, Tesla Semi, Tesla Roadsters, Neurolink etc…
I like all of that tech. I love progress in all tech. Having billions invested by those that don’t even Google “Concerns on Elon Musk projects” are either dumb as fuck, so let the galacticly stupid through their money into the pit or perhaps play the stock market knowing full well that the Musk projects will pop at any moment, so they are riding their luck.
But regardless of whether I like the tech ideas or have disdain for the criminally stupid or the criminal scam artists - I still am concerned that this will just explode and it will inhibit the opportunities for those that have real worthy projects.
It might be that there is a market crash pending, the likes of 2008. Tesla could be whittled down to a few billion. It could be that “real” car manufacturers could chime in and reduce Tesla’s market share down below the top 20 or even 100 options - just like Solar roofing options have done. Tesla vehicles have terrible manufacturing and quality checks, even worse customer service and are massively overpriced. Not to mention that they will have scaling issues due to resource availability of rare materials let alone chip shortage issues.
Then there is the outing of Musk. Right now, someone could easily short Tesla and then make way the points from “The common sense skeptic” available to the masses. Hell… just spam links of the videos to Tesla share holders, put it on prime time tv and / or publish it in any source where it might get attention.
As for the small chance that he gets Twitter. That is actually the best thing for him - Tesla is a pending collapse and Twitter is worth a solid 20-30 billion. It suits his bullshit machine personality and he can mitigate his losses as his other projects collapse.
Either way. We are going to be entertained.