Elon Musk LOSES $56 BILLION in court!
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- Опубликовано: 7 фев 2024
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“At this point, I think I know more about losing $100 billion than anyone currently alive on earth.”
You sir, Are a legend.
donald trump: I lose the most money. I'm the best at losing money. No one loses more money then me.
He hasn't lost a penny. Balance is still positive, that's what really matters (and bothers yall).
Im not sure that how money works... you can lose money and still have a positive balance.. check out some videos on "addition" and "subtraction"@@ferdinandkraft857
@@ferdinandkraft857
if you pay me 100 euros and someone sues me, and i have to give them 20 euros, i still lost 20 euros......even when the balance is positive.
In the future this will be called a Musk scheme in difference to a Ponzi scheme
now that would be hilarious and very fitting
I guess all companies who have investors are “ponzi schemes” to you…?
well technically it is no where near a ponzi scheme.. its more like good ole American fraud.
And it would just be another case of him inventing something that already existed 100 years ago and giving it a new name
We already have a term for it, fraud. No need to give his "scheme" a new name, it already has one, snake oil salesman. I guess it has the added layer of the rug pull to turn 70 million into hundreds of billions (on paper) after hyping up a product/business with lies. A typical snake oil sale works off just the profit of the trash product, I guess the Musk scheme adds in the layer of taking advantage of the beyond stupid investing scene for "tech companies."
Whenever someone tries to sell me a money printing machine my question is always "why are you selling it rather than using it to make money?"
Sounds like half the RUclips commercials I see. Should be illegal.
@@barrywhite1770 Have you signed up for your $600 a month free government credits you can use on food, gas, blackjack, cocaine, and hookers? This scam's RUclips's commercials piss me off the most and I'm not even sure what the actual scam is or how it works. The pitch alone is enough to know it is an outright scam. Kind of like listening to Elon speak. You might not know where the actual scam is or how exactly it works (milking government subsidies, using fanboys deposits for products that may never exist for years of 0 interest loans, lying to manipulate stock prices illegally) but it is obvious it is certainly a scam. Not breaking down for a million miles? Making passive income from simply owning a car at a rate of twice of twice the investment cost or higher? Fully automated AI powered robots within 2 years with a dancing human in a suit for the introductory promo? Elevators and high speed tunnels underneath Los Angeles? Rocket ship rides halfway across the planet for less than an airline ticket? I am amazed people just don't see it and believe this utter nonsense.
It's very profound
they want to share it, they are in it for the charity! (or its a scam, whichever is more likely)
@@barrywhite1770if someone with a magic money machine can convince you to hand over your cash people need to take some responsibility.
I wonder if we year 2030 are still watching these clips of Elon from 2017 where he says he can do it "now" and his fans are still nodding.
yes! never gets old!
I don't think he'll make it till 2030 alive or as a free man. He'll be either dead, behind bars or hiding somewhere
What do you expect when you let narcissists and sociopaths run the world?
We have to work out how we stop that, seems to be just builtin to our psyche.
Very true. The trouble is that only narcissists and sociopaths WANT to "run the world". Everyone else doesn't need the aggravation.
@@EvoCreatures It's more that the reigns to power sit at the top of giant towers of people, and sociopaths are just the best at climbing these towers of influence. They can get to the top faster than anyone else, because they completely lack the empathy that keeps others in check.
well said
He does and can't run anything, that's the point: it is not that someone say something that they can, the problem he convinced even politics that he can. And they "run it" for him. I hope Americans will take action to that by (finally) voting smart.
Thunderf00t: Musk will be bankrupted within 5 year.
Musk: Hold my cocaine and watch this!
Me: don't mind if I indulge while you're otherwise occupied Elon, frankly, you'll thank me for shoving it all up my nose on your behalf.
He will beat Thunderf00t's estimates. 4 years, maybe even 3,5.
Elon: Hold my Ketamine 🥴
Oh, I see why he needs that cash now...
But so what if he goes bankrupt - he's still going to be rich. Look at Trump. Bankruptcy court is a way to get away with ill-gotten gains for the spoiled rich. Unless Musk causes the right very wealthy people to lose money, he will be just fine. Berni Madoff did not go to prison for running a ponzi scheme and ripping off people - he went to jail for running a ponzi scheme and ripping off the WRONG people.
"At this point, I think I have committed more fraud than anyone currently alive on Earth..."
Hes competing with politicians, not even close
The corrupt, US government has that crown.
@@Dfthg-bz3hp I don't think that is an issue! Elon isn't into fact checking before making statements.
nailed it
Musk should go to jail
The in
Nah, he would still be a burden on tax payers 😂
CEOs talking about working 100 hour weeks. A company I used to work for our CEO did an interview and said he got up at 4am everyday, and one of my colleagues stayed at his apartment in LA and said he was always sleeping in til like 10am lol
"It's 4am somewhere."
Small businesses owners usually have to work hard and long hours, CEO's of big tech companies are the last arrived and the first to go 😂
“A man with a reputation as an early riser can sleep in till noon”
-Mark Twain
I'd work more hours if nice meals, playing golf, & swanky parties counted as "work" for me too (ok not the golf)
My old billionaire CEO told his entire staff how proud he was that he went to the gym everyday (in the day) to get buff. Good ones boss. So motivational.
The sad truth: its not that ELON himself goes bankrupt, its his companies. I highly doubt that if X holdings went backrupt, he would have to eat mac and cheese and live pay cheque to pay cheque.
The engineers, the line workers, the officer workers, the janitors, etc. Those are the people that get hurt the most.
Musk wants to be King of the World, but he’s not picky about which world or how he gets there.
All Musk's wealth is tied up in his companies.
If these companies went bankrupt, he wouldn't have much.
The workers will get jobs elsewhere.
His dad and younger brother are both billionaires. His sister and mom are millionaires. Elon living off his mom and dad would still be richer than all of us combined.
@@nickl5658 Benefits of being stupidly rich before you was even born, i guess.
I’m beginning to think that this Thunderfoot fella doesn’t like Elon Musk.
what took so long to figure that out?
@@NamNguyen-xt4yk *whoooosh*
@@nameofthegame9664 oh wait, i got it now :D
😂 a very slight suspicion
Damn, I thought I was the only one suspecting this 😜
Imagine spending a fortune to reverse your baldness, only to have a haircut that makes it look like you're wearing a cheap wig.
A toupee
Yeah but the current haircut more closely aligns with his current politics.
He looks like Polish nobility in 16 century.
Hair implantation doesn't cost a fortune.
He literally is the simpsons “monorail guy”
Sure, except that tesla is the only EV maker outside of China making a profit selling EV's while everyone else is cutting back their plans just to survive, and SpaceX now handles 2/3 of the launch industry.
Oh, but sorry, some crazy fringe goals havent been met yet.
Mono. Doh!!
ChatGPT's attempt 😂:
Apu: Is there a chance the shares could tank?
Elon Musk: Not on your life, my SpaceX plank.
Barney: What about us broke investors?
Elon Musk: You'll be given Cybertruck testers.
Abe: Were you sent here by the SEC?
Elon Musk: No, good sir, just facing bankruptcy.
Wiggum: My Tesla stocks are in the red.
Elon Musk: Take my Hyperloop, my good friend.
I swear it's investor's only choice!
Throw up your hands but silence your voice!
@@KenLord 1: tesla does not make money from selling cars, it makes money from selling "IOUs" from the government to other companies.
2: electric vehicles from large brands such as Ford or Nisan are successful far beyond any tesla.
3: if SpaceX now handles 2/3 of the launch industry, that's bad, because as we can all see the only thing musk is capable of launching into space is junk, which might make it impossible to safely make it to orbit.
"HA HA!"
The problem with people who have a huge ego are the ones who are in their circle. They dont get checked by their peers and when it happens they act spoiled. They all surround themselves with yes men.
The more money you have, the less accountable you are and the less incentive you have to be a decent human being.
Yep. Just remember when he says "You have to work 80-100 hours per week..." to achieve his level of genius, that translates as 80-100 hours of other people's work which he delegates-- inclusive of his entire life-force, as he embodies the company he runs even when he sleeps.
In other words, he's a giant furry hype-mascot who thinks he's an entire sports team, when he's really just a costume that gets hung up on a coat-hanger at the end of the (shell)game.
That describes TF pretty well. He's got everyone fooled about what actually happened here.
@@KenLord No, he hasn't. We can all see the court filings.
@@thefasterfox If you're being a decent person because you're afraid of the consequences, you aren't a decent person. Perverse incentives lead to perverts.
Hahahaha, Tesla's cypertrucks are already rusting 😂
yea, apparently stainless steel still rusts, you'd think somebody as "knowledgable" about the production line as Elon Musk would have known this, maybe he hasn't encountered rust before. Well if Elon needs an example, there was this thing called the Hyperloop Test Track where some genius thought putting wet concrete inside a steel tube is a brilliant idea... maybe he should read up on the genius guy behind that decision!
Hey you need to read the manual. It specifically tells you not to get it wet in sunlight or to get it wet at all but also wash off any bird droppings, dead bugs or dirt immediately because it will stain/rust. You need to wash your cybertruck at night, every night with premium gasoline. Welcome to the future of automotive genius.
When Musk said it 'beats rail' he was serious, just didn't specified he meant monorail..🤣
no - he meant 'clothes rail' 🤣
Tesla bot walks like it has diarrhea and is looking for a bathroom.
I was afraid it was gonna “spray” the floor hahaha
No it doesnt, its barely even moving
Can confirm as someone with IBS and lactose intolerance.
They made RoboBo from The Venture Bros. real.
Meanwhile, Boston Dynamics and ASIMO are laughing.
I'm still staggered that I find people online that think Musk is someone to be respected. They love this guy and I just don't understand it. I get having personal heros and people to look up to but Elon Musk is not one of these guys.
I'm not staggered at all that there are people who love him and hate him. I am especially not surprised that there was a big shift toward hating him starting exactly when he started talking about buying Twitter and the media began manufacturing hitpieces.
A term I learned from my friend, "temporarily embarrassed millionaire". They defend him because they imagine that they could be in his position one day and wish someone would do the same for them.
@@Lukie-Boy Or they defend him because they know that most of the people attacking him are cunts, such as Thunderf00t who repeatedly misleads his audience by picking and choosing whatever financial facts and figures look bad, but ignoring the ones that are relevant. It's notable that 90% of these attacks started after the barrage of hitpiece articles started to come out.
@@theredscourge
are you really fanboying in every comment for a flim flam man?
lmao incel
@@Lukie-Boy
they are called incels dude
Fraudsters have a much too easy time in this world!
Because the majority of people want to trust others, we're social creatures, and being always on guard is stressful. We assume that most people are genuine and try to be genuine in return. Unfortunately, even a single conman is enough to abuse and break that trust.
@@yds6268 EXACTLY! THIS!
"this beats rail"
rail: hold my pantograph electrified from a nuclear facility
I burst out laughing every time he mentions robotaxi, it’s the joke that just keeps giving.
Can't help seeing Robert Picardo's puppet head pop up whenever the word robotaxi is mentioned.
If I made a robotaxi for $30k that could earn $30k/year, I wouldn't sell any. I'd keep them and create a taxi company with a monopoly on robotaxis.
@@brendanpells912 According to Musk’s logic, it was financially insane for Tesla to sell vehicles. Yet they did…kind of a red flag.
Its worse than you state in that most of the profits of Tesla were a function of US Government carbon credits . Tesla itself made almost nothing without the tax credits.
Not how tax credits work but ok…
The *fully transferable pollution credits* work that way, and even worse they are bid on by the worst polluters in N.America so they can delay upgrades and kill more people.
The company that destroyed 5 miles of the Kalamazoo River because they slashed their budget for safety inspections. That company is only still competitive because it buys those pollution credits.
@@mrpumperknuckles1631 They sold their credits to other car manufacturers, and what kept the company running for many years.
To this day, I still don't know how people even fell for the least convincing conman like Elmo. His "Hyperloop" design alone already revealed so much. It was unrealistically ambitious, mind-numbingly inefficient as a transportation, designated for rich a-holes and massively overhyped load of nothing.
Hyperpoop
The white paper was hilarious. Steam! 😂😂
There was a point where I saw him as a guy who is using his wealth to do what interested him, rather than to make more profit.
He does space stuff because he likes space. Sure.
He is fixated on the hyper loop even though it’s laughably impractical because it’s a pet project or something. Whatever.
He provided Ukraine with access to Star Link because he wanted to feel like “the guy in the chair” of a spy thriller. So long as it helped Ukraine, I’m on board.
But then he ends up double crossing Ukraine and sabotaging operations because Russia feed him some bullshit and his main character syndrome had him unilaterally make decisions that endanger millions of civilian lives? Fucked up.
Or him buying his favorite bird app and crushing anything even mildly resembling criticism like the publicly available location of his jets and promoting right wing grifters, antisemites, anti-vaxxers, homophobia, transphobia, etc. and allowing so many bots that apparently 75% of all activity during the Super Bowl was from bots? His failure as a rational person and businessman were on full display.
I don’t even know where to start with the Cybertruck… He just wants to larp some post apocalyptic roleplay with a bunch of his fans and couldn’t even be bothered to care about things like rust, crumple zones or energy efficiency. These things should be something he lets people drive on a closed course of a Mad Max theme park, not on highways.
The first time I heard of Elon was from news about Tesla and I was immediately suspicious, mostly about how long it had taken them to not even make a car, it sounded like vapourware to me.
Obviously Tesla would eventually make a car but by that time I was more informed and also had figured out the biggest red flag, just being electric doesn't mean anything is automatically more environmentally friendly, that is down to the power stations but Tesla cars are heavier so they need more energy to move and they do not get lighter the further they go.
So I've never understood it either, I was also at the time sceptical of hybrid cars, which I still am, it's all pseudo-environmentalism, about people intentionally buying into the lie so that they can lie to themselves that they have made a difference, when they haven't or worse yet, the difference they made was the opposite of the difference they intended to make. If we want to cut down car pollution, we need to design infrastructure less reliant on cars and less compensating for cars, instead encouraging people to bus, train and cycle more, things that Elon Musk hates.
It's actually kind of impressive how many pretty straightforward things Mr Musk has driven towards very avoidable failure...
If you bought a Tesla because Elon Musk is your idol, then you a fool.
There was a time I would have bought a tesla…then Elon started running his mouth. My colleagues and I realized how full of himself and full of it he is.
All the idiots are buying them second hand "super sheep guy" lol and every one I pass the person look miserable.
I wouldn’t buy one because he is a turd.
I work 80-100hrs a week keeping the powerlines running. I’m currently worth about 200 quid 😂
skill issue
That's what's wrong with this world. Our society needs certain people to function yet those people get treated & compensated like sh*t. People say learn a skill, even tons of skilled workers make chump change in today's world. It's only a very select few who actually make good money. One thing that's really baffling is how difficult and unaffordable it is to even afford basic costs of living. Things gotta change. It's Absurd how dysfunctional things are and it's strange none of it is being addressed..
@benmcreynolds8581 It's wild isn't it.. On a busy evening fast food workers work their arses off, all while they deal with grumpy customers, yet they get paid peanuts..
@@yeh.80 Well the good news is most people move on beyond fast food work by age 25, which is why less than 5% of adults over 30 are paid min wage full time.
@@benmcreynolds8581 no, what's wrong is cucks and smugs who think they got the world figured out like you but get it so painfully obviously wrong. Evil gets shit, the good guys win, end of frikkin story. But noooo, shooting evil is more evil than any evil that evil could've possibly commited.
The silence at his announcements are so unbelievably uncomfortable. How does anyone watch this and think "mhm thats my guy, hes definitely not lying again"
Hope elon sells spacex soon. This company would have so much potention without this clown.
More than a year after the launch of the semi and we still don’t know the price or the payload capacity, it’s almost as if they have something to hide.
Tesla fans will write they are now building the semi at scale 😂 a semi without specs 😂
Yeah, but the cup holders. Look at the cup holders!
I mean but it can haul a partially filled half trailer as long as the cargo is potato chips. That is pretty impressive considering the alternative for such cargo would be you know the majority of passenger trucks with a trailer.
@@chrisrawr6177 Boxes of air, shipped anywhere in the world, overnight.
@@Ob1sdarksideforget the cop holders, what about all those screens and charging ports.
“I want to be clear about this: fraud is something we can do now”
"I am very confident about this."
@@user-ph2ql2vg1d”Uhhh yeah”
"If you think about it its very profound"
That at least would be more honest.
Indeed. Elon just lost all incentives to promote growth and value of tesla stock. an incentive other CEO's might lose as well, can't wait for the market collapse and even more skyrocketing inflation as a result of this...
You can see my previous comments on your channel. You know i am no fan of Hyperloop or Elon at all. But here i retain my objectivity in this case.
Elon was to get that compensation if he increased the market cap of the company. IE making it more valuable, or in this case doubling the stock value by 10 from 2018 until now. its the short of it.
he upheld his part of the deal and now a judge with the same emotional self control that you are displaying made a ruling that reflected this.
The only thing you gain by gloating over an illegitimate "win" is to get yourself discredited and give elon the ultimate win in the end. victory by martyrdom. Quite informative and frankly disappointing
Thank you for staying on Musk's neck, Dr. Mason.
It was seven years since the semi? Well I blinked and missed that.
Regarding CEO to average worker pay ratio - look it up for big companies like Walmart, McDonalds, etc. It's not literally millions of times higher but it's absurd. The last I checked, Walmart's ratio was like 1100:1..... and every single one of these companies will act like they can't afford to pay their employees any more money or provide benefits.
Edit: Lot of people "not defending" giant wage gaps between CEOs and average worker pay. I just want to clarify that I'm not suggesting that CEOs shouldn't be making more. When you take a job, you're accepting the terms of it. I get that. That's not the point. The point is that these companies generate record breaking revenue streams whilst simultaneously claiming that they CANNOT afford to pay their workers more. Bullshit. They just don't want to pay them more. You might say well, that's not illegal and if both parties are in agreement then what's fair is fair - and that would be a fair point is this was a fair game. Labor is a commodity and it's a manipulated market.
┌> Corporations get money.
| Money controls politics.
| Politics control laws.
└ Laws control money.
Corporate interests will always have more money than us for lobbying, donating to political campaigns, etc. Both political parties will cater to whoever is giving them the most money. That's just how it is. Why do you think people say "vote with your wallet"? - because only dollars make change (pun intended). The Democrat and Republican parties both raised over 1 billion dollars each in 1 year in 2022. Where do you think that money is coming from? Who do you think it represents? YOU!? Fat chance.
Also just for reference there were 462 likes before I added the edit, so don't assume all the likes agree with most of what I just said.
Not to defend Walmart/McDonalds, but they both have over a million employees, if the CEO's pay/bonus was divided among all staff it's still be less than a 1% pay rise.
That's why they can justify this sort of thing, they don't need to claim to be responsible for making millions, they just need to claim a tiny improvement in efficiency and suddenly they're worth 0.2% of the operating cost of the company when the board wants to approve bonuses.
Well you're defending them. You shouldn't be. They can afford to pay more. Thundercunt should cover them as there is way worse stuff coming from them.@@scragar
@scragar ? You actually believe that shit? Walmart makes something like 30 billion dollars a year. You really don't think. They couldn't pay their employees more? You must be pretty naive. Yet. You warch thunderfoot videos?
@@everythinghate666
“Well you’re defending them. You shouldn’t be”
Stating the obvious isn’t the same as defending them. They could redistribute all of that executive wealth and their ppl would hardly even notice, if at all. Explaining why your argument was weak does not equal a defence of WalMart.
@@everythinghate666 the point he's making is oftentimes they can't actually afford to pay their employees more, in the sense that even evaporating the CEO's salary makes no difference to employee compensation. oftentimes, i feel like when people say of extremely large companies "the point is if they can afford that CEO's salary, they can afford to pay their employees more", what they really mean is "it's not moral to pay the CEO that much when the employees don't get enough", which is all fine as an argument, but it is a fundamentally different one and gets to the real problem, which is that a business model like walmart is just fundamentally an immoral business model, but the CEO's salary has really nothing to do with employee compensation in that case. Tesla is different. Tesla does not employ millions upon millions of people.
How is it not illegal to tell shareholders your company can do something now that it can’t even do 7 years later?
Right, seems kind of exactly like fraud.
It is. Other people go to jail all the time for exactly this. The US government put so much money into Musk that they simply can't let him fail. It is one of the saddest things I have ever seen in politics. The US is completely out of control.
SCC is useless in liberal politics.
because money talks; and also money walks.
you live in a world ran by criminals. you expect honesty, fairness or goodness when war vets get shot on the street like homeless dogs? In a world that had two world wars? Get real.
If you say " I believe" or " I'm confident that" before you make any statement, it's basically meaningless.
This video does make me curious about what the legal standards for fraud are. I do understand that in the US, at least, the standards for politicians to be convicted of bribery are so high they can do some pretty crazy stuff without actually breaking the law.
There is Trump saying he can kill a man on TV and no one can touch him 😅
USA is a con mans country
If Elon gets on stage and says "I can do it" and you give him money because he's Elon musk, that's you making a bad investment. If he fakes patients blood test results and claims they were done with his companies machine when they weren't and then you give him money because of that, that's fraud.
Is that Full Self Driving Robo Taxi in the room with us now?
this is how con artists cash out just before their scam is revealed
Enron and ftx did the same
Elons about to the club with Theranos & Nikolai Motors.
The compensation is entirely comprised of shares in the company that he had to 10x in value or he would receive zero compensation.
Listen to takes from outside of your bubble. Might I suggest the all-in podcast with silicon valley veterans that have actually served as executives in tech companies.
This compensation package is much more reasonable and especially fair to shareholders then the vast majority of giant American corporations.
wait, do you think Musk was actually paid $56B? Because he's never been paid a dime in cash. This was stock options, which would only be worth that much if musk paid tesla to exercise the options - and if it was possible to dump those shares without knocking the share price way down as they sell.
The options were granted based on hitting performance goals for the company that everyone, every analyst, the media, thought were impossible to ever hit. The plan was public knowledge to investors and approved by shareholders (70% approval even after excluding musk and his brother's shares) And by hitting those goals, Every shareholder at the time benefitted enormously. Thousands of early Tesla employees, who'd earned stock options based on their own performance became millionaires.
Imagine thinking its a scam when a CEO actually has to create enormous gains for all shareholders in order to get compensated.
@@faceplants2 and should 10Xing the value via lies, vaporware and out right deception be rewarded?
These videos are like the only videos covering this guy for what he is. And they are master pieces
common sense sceptic
… the dude needs to dye his hair pink and change his name to karenf00t… he’s turning into the feminists he used to complain about.
Common sens skeptic and Adam Something
@@feonor26those are the 2 others yes thank you
Wall Street Millennial, Patrick Boyle, Auto Expert John Cadogan, MisesEconomics, LegalEagle, Internet Today, Some More News, just to name a few more.
I invested in Tesla. I beloved the hype. I’ve lost half my investment (about $30k USD). My bullshit meter was high, but I wanted to believe. I’m hoping the hype has one last wave so I can get out near what I got in at.
Thanks for these videos!!!!
The sunken cost fallacy
Sounds like you got the greed rather than the hype.
I always thought golden parachutes would end with crashing back to earth.
Always a nice reminder of how Elon only has exactly one competency and that is purely just getting people to pay attention
I thought you were going to say spending other people’s money.
A confidence man.
@@djfassler Getting attention, lying and throwing out people's money are is 3 specials.
And by pay attention, you mean ₽a¥ attention, literal payments.
He 10xed the value of Tesla over a decade and if he didn't do so, his compensation would be zero, nada, no money. No compensation whatsoever
He delivered for the shareholders and deserves the compensation that the shareholders agreed was fair.
What's even funnier than the bonus Musk feels he's owed is that the shareholder, who initiate the complaint that saw a judge rule against Musk's bonus payout, held only 9 Tesla shares.
The value of Tesla would be ruined if it has to pay 56 billion dollar.
@@bendranski6882 I don't think there's any doubt about it.
@@bendranski6882 It makes sense that Musk have been selling stock as this was essentially a cashing out attempt. It's extra evil as Tesla is famous for how they give stock options to it's workers meaning that not only would Tesla crashing make them unemployed, their savings would be gone as well. Musk trying to swindle money from the company should be a huge warning to stock owners that it's time to sell Tesla stocks.
@@bendranski6882 What is a company really worth if it's insolvent without government subsidy?
It sure as hell wouldn't be initiated by the ones owning thousands of shares-with a small number of shares, you can afford to take down the fraud at the head of the company whose cult of personality is propping the hilariously overrated stock value of the said company. The large shareholders would love nothing more but to kick him out but they know that they'll lose far more by that than putting up with his idiocy and meeting his demands...
This is the grift of all stock market companies exposed. None of the math works out but still the rich get richer and the poor get poorer. Today I had to go resign up on food stamps like I do every 3 months and Elon is bitching about not getting paid even though he wanted stock options instead of pay. So I guess he's supposed to get both now.
Poor Thunderf00t. First he had to watch Starship make it, now Elon got his bonus back.
"It's really not that complicated, I just blink my eyes and poof 56 billion gone"
Been looking forward to your take :)
100% up for it, if we can make that work. @@dwavenminer
@@dwavenminerHe's waiting for SpaceX to enivitibly fail NASA and our country when their Starship delays allow China to beat us to the moon, I'm sure
Explain how complaining like a feminist Karen about a man who created a car brand is helping science…? I get we are all jealous here but Jesus… 4 videos a week on “ONE” person is kinda shameful… the dude has done more for everyday life then you or Karenf00t will every produce… just being honest.
@dwavenminer - completely different presentation styles. Both channels are fantastic in their own right.
This needs a pin
Also the taxi idea every 85k mils will need a new motor and every 300k need a new battery pack. so the average miles for a taxi is 46,500pa do 511,500 in 11 years this sim with a driver working full time so assume 16 hours so double the mileage. You will need to replace 12 motors and 3 batteries packs. A batteries packs costs $13,000-$14,00 to replace and the Motor cost $5500-$7500 . So that 75k for motors and 40.4k in batteries plus the 38k. That is a running cost 153.5k per life of the car.
Thanks for your love and support, it's my pleasure talking to you here. Where are you from?. . . .
@@Elonreevemusk- bot
And do not forget EVs munch through tires like no ones businnes due weight.
Many teslas have way more than 85k miles and don’t need a motor replacement. Some have 300k miles and are still running he same battery and definitely the same motor.
@@startek119 Please provide some evidence
Seeing all that wasted money really highlights the value of money. All those millions just flushing away like your spending change.
The only thing he does at scale is lie. It’s his super power.
We had full self driving in the 80s! It was called KITT!
Great music too. Da dada daaaa, Da dada daaaa, Da dada da da daaaaa.....
KITT went and did a Thelma & Louise when the show was cancelled. Such a sad ending for the sentient Trans Am.
We had it centuries before that. It was called a horse. Summon mode works fine from clear across the paddock... though it helps if you have a sugarlump.
@@gdutfulkbhh7537 Horses had functional "Full Self Driving". You could be passed out drunk and the horse would take you home. It wasn't a high cost option, either.
Imagine if politicians, policy makers and regular people were all forced to watch this video.
Thankyou Thundy. Keep it coming...
The problem with the stock market is that share prices don't reflect anything. There are companies that have been doing well for decades and whose shares are almost worthless, and there are companies that have never produced anything of value or have only ever made losses and whose shares are worth a fortune. The reason for this is that shares used to be share certificates. Shares made you a co-owner of a company, you were involved in its decisions, participated in its profits and were naturally interested in the company's well-being. Today, most shares are non-voting, i.e. as a shareholder you no longer have any say at all, you are not a real owner, dividends are not paid at all or are ridiculously low in relation to the share price and hardly worth mentioning, and you don't care about the long-term success of the company because you are only speculating on short-term price gains and, as I said, these have nothing to do with long-term success of a company, but only with some hype that drives prices up.
It has also been shown that a monkey is just as good as the world's top financial advisors at picking what shares to buy. It's all nonsense.
Hush, otherwise you'll soon let everyone in on the fact that stock markets are all horseshit...
Yeah, your first 2 sentences dont actually make sense.
There are still company structures that you get voting power, these are private companies.
Publicly listed companies can be traded like you say because if people want to short trade, they have that option.
Provide an example of a company doing well, and that is undervalued. Give a better stock price, show your math or shut up.
The funniest part to me about the lawsuit it's not someone who has ton of Tesla stock it was just random Joe who thought there was sketchy shit going on
CEO getting owned by a guy with nine shares.
lol.
9 shares. Lol
The defendant had nine shares but the suit was pressed by the trial lawyers Association.
I don't think there's any way the decision survives on appeal.
That doesn't seem to matter to the average thunderfoot viewer anymore though.
You'll have your fun, make your jokes and feel superior for a little while and then when he wins on appeal, you'll screech about corruption and vaporware again
@faceplants2 Let's wait until court. I just think people are tired of being sold snake oil more than because what elon has done in the last 10 years other makes some cars and lost billions of dollars and remember if you American this was your money
@@faceplants2 yeah Elon will likely win on appeal and the rich get richer.
Wait, did he LOSE $56B or did he just *not get* $56B? The difference is pretty big.
He got it, then he lost it by being ordered to pay it back
The whole idea that a man should be COMPENSATED for increasing the value of HIS OWN COMPANY is ludicrous.
Tesla will collapse soon.
Notice Musk’s accent changes dramatically when interviewed by the guy in England
Art of the con
Exactly like Elisabeth Holmes. She also manipulated her voice! 🤦♂️
@@bokhans EH seemed to get deeper and more fry but I haven’t heard as much…Musk changes his entire accent…some kinda weird combo of old aristocratic American and British and S African and BS added in.
Regardless of who he's talking to, he stammers more than Reginald Barclay from Star Trek: The Next Generation.
Yes, he has great English skills. If you could fluently switch dialects when talking to people in their dialect, would you not?
Probably knows his South African accent is less believable in England.
Watching Thunderf00t gloat over Elon’s misfortune is one of life’s simple pleasures. 😂😂😂
I think it’s pretty pathetic that a person of science who doesnt know much of anything involving business, marketing or law. Is trying to constantly trying to promote hatred about some random billionaire… I find it sad because I liked thunderfoot… he just seems too contradictory to actual rules of business to even make an argumentative sense.
@@mrpumperknuckles1631
You've at least got to love TFs hyperloop debunking?
@@mrpumperknuckles1631 I think its pathetic that society sees a billionaire and automatically think they are genius instead of carefully dissecting what they are actually about.
Moaning about Hollywood but meanwhile these a-holes are robbing the country blind one subsidy at a time to the thunderous applause of their mindless bumbling sycophants, trying to convince the rest of us of their greatness...
@@Sam-rx8wd No one cares about hyperloop. All extremely wealthy people are sketchy as fuck, with many broken promises, and many investments won with lies. It is literally how the economy works, if you think that is a problem then we have an economic discussion not a scientific one. TF is winning a game that none of his oppenents are playing and it's incredibly irritating. Elon is weird and impulsive, but tanking twitter was not some kind of fail. Twitter was responsible for Biden winning the last election, and it will not affect the next one to nearly the same degree. Notice how it didn't die and be replaced by some other hivemind. Its been on life support for so long that people just don't care and no alternative has been adopated. Thunderfoot gloating over this is just plain annoying. if you have 5 billion and you lose 99% of your money, you still are so many orders of magnitude more important than Thunderfoot. He's so smug lol I used to love this channel but he really has Elon derangement syndrome. Seriously, open your calculator app and check out what 1% of 5 billion dollars is, then realize Elon is worth like 200 billion.
@@Sam-rx8wdYes, the debunking and science is the core, it’s just that these videos reeks with personal attacks, emotion and bias.
It only preach to the choir at that point and because it becomes so windy, it’s unbearable.
That boii said semi sentient 😂😂😭
Um, Phil, Philip, Philly cheesesteak, you forgot the best part, that judge Kathaleen McCormick who just cost Elong $55 billion, is the same judge who forced him to complete his purchase of Twitter for $44 billion. She cost him $100 BILLION in less than a year. This one person cost one other person the most money in history. Even though I'm sure Musky boi knows Philip's name, she's his new arch-nemesis. We still love Phil, but she's pretty epic. 😂
The judge didn't cost him, Elon did. Elon came to Twitter with a deal where he offered above the current value of Twitter at that time and also waved due process where a person evaluates a company to make sure they know what they are getting. Then once everyone agreed and signed the deal Elon changed his mind, then Elon publicly crapped on the company, further lowering their value.
Assuming you worked 120 hours per week (as Musk claims to do), $56 billion per year is equivalent to roughly $2500 per second.
Hehe, good one. So he paid himself a million a minute to send tweets? I didn't see him do anything except talk and walk. And sit and talk. A load of shite...
Of those 120 hours, he is probably spending a maximum of about 40 hours working for the company that is paying him $56 billion.
@@jeremypnet I think you mean 40 hours a month, not week.
For each company or does only Tesla get that much dedication? He's "leading" how many companies now? There aren't enough hours in the week for his lies to add up lol
32:44
Jumping in to point out how dishonest Musk's Twitter note is over here. It is easy to overlook when initially seeing that tweet (I did). That reply misdirects the reader into considering that the video has been called out for a demonstration that represents a very simple, predetermined, non arbitrary task (which would be expected at early stages of development); when in fact they have been called out for trying to pass a telemanipulator video as a video demonstrating autonomous robotic control. There is a huge gulf between the two! The "important note" is, implicitly, a gross lie.
And during the last earnings call Musk said they'd slow down on putting out future video updates because competitors were analyzing frame by frame to steal trade secrets (lol) ... More like, they had to avoid future embarrassments.
Even his engineer team disagrees with him on their near future potential. Because, of course, Musk is making ridiculous claims they'll soon have millions of these in homes and work places doing tasks.
I work around 80h a week to keep alive a network that provide to 38 millions people. Where is my 1 trillion bonus?
Why would you need bonus if you work 80h a week. Nobody is forcing you to work double then the rest of us. You are silly to think you deserve more.
@@Deuxiit well... I guess I agree that working 40 hours should be enough to survive off of. So therefore the commentor should be paid way more so they don't have to work 80 to survive. 40 hours a week isn't enough to survive for the majority of Americans. Wages haven't increased proportionally for 45 years. Housing and food is more expensive than ever. If he wants to work 80 hours he should be making more than double what he actually needs. Not making ends meet. I'm sure you'll find out when you leave home.
" work around 80h a week to keep alive a network that provide to 38 millions people" more fool you then. people like you make the world poorer. when everyone works for less, or saves money, the market changes the value of money. in the late 19th century in England the poor were admonished to ensure they saved. those savings simply made the employers pay less.
@@mcsquared5005 Maybe I can't read well, but nowhere OP mentioned needing to work 80h a week to survive. He only wrote he needs to work 80h a week to keep some network alive that is used by 38 millions people. Asking to get his bonuses based on what type of bonuses Musk gets as a kinda joke?
Sounds like a future negotiation with whomever you work for.
You know, he may be smarter and more well-spoken than Trump, but his constant bragging to the tune of "I know more about this than anyone" is exactly the same, and exactly as true.
Listen to some of his interviews without the editing, and they are both terrible speakers. 😊
Didn't Enron pay its executives bonuses based on anticipated future profits which turned out to be fantasy?
why, yes, but hey, that was a fluke occurrence that won't happen again for a... thousand years
@@user-ph2ql2vg1d and for gods a thousand years are as long as a second? (gods of finance, i mean)
It amazed me how many adults actually felt for tis con man. Over promised and under delivered is an understatement.
Heard of Donald J Trump scamming 70 million voters in just one country! 🤦♂️
It was worse than that. Remember when universities ans businesses were actually trying to make "Hyperloop" a reality (before realising what we've known since the 19th/20th Century regardingbhow impractical it would be to build)?
As far as grifters go, Elon Musk is in the Hall of Fame.
I fell for him years ago but as I learner more about him it became obvious how much of a POS he was.
I found electric cars and rockets exciting (I still do) but I learned that Muskrat was just a piece of shit billionaire treating his workers like property.
I think the nail in the coffin was when I realised I am probably actually smarter than he is, I'm just not a lucky asshole who got rich off his daddy's exploitative behaviour.
wait, do you think Musk was actually paid $56B? Because he's never been paid a dime in cash. This was stock options, which would only be worth that much if musk paid tesla to exercise them - and if it was possible to dump those shares without knocking the share price way down as they sell.
The options were granted based on hitting performance goals for the company that everyone, every analyst, the media, thought were impossible to ever hit. The plan was public knowledge to investors and approved by shareholders (70% approval even after excluding musk and his brother's shares) And by hitting those goals, Every shareholder at the time benefitted enormously. Thousands of early Tesla employees, who'd earned stock options based on their own performance became millionaires.
I used to think he was a genius until I started to learn about engineering. I quickly saw through his act.
He really is working 80 hours a week ... and by work he means stretching his ego on Twitter posts
Thank for this video Phil
Elon Musk is an inspiration to us all. He absolutely proves you don't need to be smart, or talented to become a Billionaire.
All you need to have wealth parents who can supply you with money one way or the other. An other brain dead comes to mind with the same self made statues that just happened to inherit 200 million dollars. DJT. 🤦♂️
Yup. You just have to be an ahole.
You just need to be connected
I watched this since day one. You never were wrong ever. Please go in to politics. This world needs people like you and other persons that have a PhD or anything... Most politicians look like them struggled with high school.
Totally agree 👍. I sold 99% of my Tesla stock once they voted again for the 56 billion package. It's the biggest scam in history and will end up losing almost all of its value.
Talk about the Cybertruck rusting!!!
At this point I think I know more about Ponzi scheme techniques than anyone currently alive on Earth.
Tesla Model Y was the best selling car on the planet last year. Where’s the Ponzi scheme?
@@syedqasim38 we can start by they way he has been lying to investors and now he is following what other frausters did which is to cash out, why would he be selling telsa stock if he has such a profitable company? unless you know his lies are catching up to him
Wow, vaporware is profitable. We're in the wrong business.
It only costs your soul
Snake oil has amazing profit margins...
Snake oil salesman have existed for years. I knew musk was a liar years ago but no one believed me. He literally keeps none of his promises and his cars suck.
@@-xirx- Only if you have a soul in the first place
@@TruthNerds You can tell he doesn't have a soul by his squinty little snake eyes.
“At this point, I think I know more about deleting parts than anyone currently alive on earth.”
These videos are so funny 😂 thunderfoot is a legend!!
56 billion dollars is more money than Tesla has ever made in its lifetime.
Yes, it is far too much money.
More than double.
He just tried to take the money (and then some) and run.
Actually if you look at all of the net profits that Tesla as a company makes you would see that net profits are roughly around 66 billion dollars right now. Since 2019 they been getting around 12-19billion in net income to play with till now. If the judge is trying to press a fine that much than there is a clear bad interest at play as someone who knows business law myself, if you are the sole representative owner of a company like Tesla than your net worth is 100% the profit gathered over time.
According to Thunderf00t, its more than TWICE as much money as Tesla has ever made in its lifetime.
At this point, I think I know more about losing court cases than anyone currently alive on earth
Nice one!!
Donald says hold my Big Mac
Billy Mitchell says hold on a moment
Judges know a lot more about losing court cases.
@@Kodakcompactdisc I was just about to comment the exact same^^
I love watching "smart" people lose all of the money they didn't actually work to earn.
I remember when this used to be a science channel
Elon looks like he's aged 25 years in the last 5 years
coke
And the constant stress of trying to maintain his web of lies, as they become increasingly more obvious.
Being a lying sac of shish can do that too you!!! 😂
"I think I know more about corporate and share-holder structure, than anyone else alive. It's not that hard. We will build a colony in mars in 2012".
Meanwhile the roadster SpaceX launched for a Mars orbit missed the entire planet meanwhile NASA on its first attempted landed on Mars in the 70's and has only lost one payload which failed during entry.
The universe is just like air hockey tables. It's just so easy.
It takes an extra hour to get through these videos because every minute or so I have to stop and scream.
I’ve seen in a video there is a company named Gridserve in England (that cloudy and rainy place) that has built solar powered charging stations. Don’t know if it makes sense in this country but they did it
Nice callouts. Thunderf00t, Wall Street Millennial, Common Sense Skeptic plus Patrick Boyle are like the Avengers of calling out Musk’s bullshit
🤣🤣🤣🤣🤣 Amen Brother ‼️AMEN‼️‼️‼️
Calling out Musk's bullshit is its own entire genre by now
@@andersjepsen1309 A niche yet broad genre, one of my favourites also
Thanks for the tip about Wall Street Millennial. I have not seen their videos.
Bullshit? Tesla was at 1.3 usd/stock when he bought it... b4 rusdia started the war it was at 407 usd/stock.. its 200 usd now.
These ppl are jealous as f!
Has all his ideas been great? No? Is there a single business man that only has great ideas? Plz point him out to me... there is a reason 95% of startups or business ideas fail! Bcoz the only way u succeed is by taking chances, bcoz nothing is certain... and that means u will fail most of the times... u just need the wins to be big enough to pay for the failures. That's how business works!
Dead serious. If we started fining companies these exact numbers, we'd have a lot more compliance with corporations to the public accountability. I always hate when like some corporations facility blows up due to poor maintenance and like a million people die and it turns into second chernobyl and the max verdict is like $10,000 for a 8 Trillion dollar company.
No you wouldn’t… they would simply move overseas…
If ANY nation in the world did that, soon after would follow a Military Coup and perhaps the first AnarcoCapitalist "conclave" - it is what it is, unfortunately.
Love that comment, numbers Check out, this guy hasnt used hyperbole in at least the last 500 years :D
@@bruceluiz There isn't a military on the planet that can even handle the US Navy. Some bullshit companies can't make a militia strong enough to fight the government. That would never happen.
@@EcceHomo1088lol what a moronic take. No majority of company do not decide on where to build a factory based on how lax the law are
"At this point I know more about calling guys that safe children out of a under water death trap a p...o then anyone else alive!"
It's still incredible to me that this "philanthropy"-badge stuck to Musk for so long. The man has never done anything, if it did not benefit himself. Being an opportunist investor, is NOT the same.
That philanthropy badge is an adamantium shield. This is how:
I boast about my organisation battling genital mutilation in Burkina Faso.
You do some research point out that I collect barely 1 percent of what I claim I am, that I have only been to BF once for a photo-op and that it is all going into my pockets.
Now I retort that you, jesmarina, are a monster in favour of cutting off baby girls' clitores.
@4:00 was once of the saddest /painful moments to watch. Imagine the millions of people who at one point in time thought Musk was a genius to then watch the moment Elon Musk official 'jumped the shark'. Sorkin maintained his composure while Elon looked like a malfunctioning Optimus Prime robot where a code fault emerged or a chip was pulled in real-time.
This was hilarious. The guy tried to be a badass by saying "Go F Yourself" and then when Sorkin brought him back to the simple reality of business, he started to stutter like a kid "Yes, but, no, but, yes, but, I mean..."🤣🤣🤣
@@Kryssthealien Hell yeah, hilarious af!! Like a true clown.
You're right. It was like listening to a series of neurons firing on-off-off-on-off-on-off-off. "Yes-no-no-yes-no-yes-no-no". His brain must operate at a disarmingly slow frequency, 'cause that's not stuttering while he laboriously completes a thought he began - that's the actual texture of his neural activity.
Good to be reminded just how crazy this dude really is behind all his bullshit.
If they robo taxis were real, and could pay for themselves after a year, and generate $30k every year after for a decade, why would they ever sell them when they could just run them as taxis themselves?
Stop making sense, please...
25:57 He has this obvious tell when he lies. The eyes roll up, first to his left, then to the right, and he his speech gets interrupted
The full self money was brilliant Thunderfoot. I caught on just as you explained it and it was *chef's kiss*
The term is "fish kiss"
Fave part was according to the bbc news it was someone with 8 shares who caused him to lose the bonus😄
"We're going to scale like no other company in the history of humanity"
Avedis Zildjian Company, which was founded in 1623 in Constantinople and still makes cymbals to this day:
'Philanthropy is love of humanity' - Man who is trying to ban workers unions
Workers unions is trash when he do more for his workers then the unions ever did.
@@andreasl4507 Go fanboy somewhere else. Musk is a fraud.
@andreasl4507 yea that's why he wants them sleeping at the factory and fires them at the drop of a hat.
Just want to leave it here. Elon Musk will end up like McAfee in the next 5 years.
McAfee is a virus and Kaspersky is too.
Dead in a Spanish prison cell?
God I hope so
Whale fucking
Our government here in the U.S. needs to cancel Elon's contracts.
You do know the US is the one who invented the biggest cash grab schemes and money burning parties, right? The most crime and murder commited in history is all the 'Murrica.
Absolutely
He obviously has some favoritism with the right people to have gotten this far in all of his ventures.
The gov. Cancel contracts. The same gov that enslaves you and takes 90% of your money?
You do realize US is the one who invented most cash grab schemes and money burning parties, right?
"I'm supremely confident that Optimus, at production start, will be FSF feature complete - Fully Shirt Folding"
you could open your own shirt folding business and make 3x the purchase price in the first year, but we're selling it instead because we're financial geniuses.
"we used tesla full self driving software in the robot" literally how, how is that possibly applicable??? wheels are not legs, roads are not building interiors, and cars don't have arms and fold clothes. the only possible carry over is stuff like lidar and camera drivers or whatever, but by that point you could say my laptop uses full self driving software
I guess they mean the part that supposedly scans the environment (which does not exist) but even that would be stupid
@@barnabasrsnags4828 that i doubt, the camera/lidar/etc are not in the same configuration as a car, and even if they were, the objects that are relevant to recognize are completely unrelated. like why would my clothes folding robot need to identify stop signs? the car certainly cant identify most random indoor objects, so they're just gonna have to retrain the ai on everything anyways, so what would even be the point?
@@Minty1337 no no dont get me wrong i meant i think that is what elon meant when he said it. Obviously the cars use normal sensors and algorithms but i guess he thought " so we have this ai that can comprehend the world just like a human visual cortex and that is the same across all our devices. And that sounds cool if you are a star trek fan from the 80s but its obviously nonsense. And you are absolutely right its just that i think you thought elon knew vaguely what he was talking about but his head of course just runs on outdated scifi movies
@@barnabasrsnags4828 obviously lol, i think part of it may be that the small amount of programming experience he does have is web design, where you can usually just plop unrelated elements into pretty much any website, so that's his mindset, which is silly lol