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this post was submitted on 06 Oct 2024
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i legitimately don't understand why this is happening other than maybe he gets more lobbying power over this guy for less money than a democrat
He thinks if the Republicans win then they will let him do whatever crazy thing he plans on doing without any oversight.
Maybe he's trying to corner the EV market through the Republicans. If the Democrats make it more attractive for all manufactures to make EVs, Tesla loses
Looking at the Cybertruck, I think his plan is simply to destroy EVs. Same thing as Twitter.
Both companies are/were evaluated way higher than what they are worth and purchased with loans that are completely insecure, but costing very real interest.
It also looks as if Elon is doing a little totally legal "asset stripping" of the goodwill by paying out huge options to himself before the companies eventually go bust. I would not be surprised if the Saudis or other co-investors are footing the interest on the loans in the meantime. It's a small price to pay to get rid of those companies obstructing their business.