Key insights
- The article criticizes Elon Musk's $1T revenue promise for Tesla, questioning the lack of detail on margins and debt, and suggesting potential significant losses and high debt. It raises concerns about the SEC's inaction on such 'ungrounded promises' and the potential for market manipulation, implying a negative sentiment towards the company and market oversight.
Musk promise 1T revenue numbers but intentionally quiet on what would be the margin, debt load and other vital numbers. My bet if it hits 1T revenue, profit will post -400b with astronomical debt.
i just imagine if every CEO would make such ungrounded promises to public, our stock market would become totally wrecked
the problem is not the number but public unhinged marketing with one beautiful number “1 trillion“. SEC sits quite as if it is a new normal behavior of biggest insider shareholder, newly public massive-money-loosing enterprise.
Does Musk purposefully engineer US stock market derailing?