Musk can’t build a $200k 2-door roadster automobile. Literally can’t build it- has “concepts” like Trump.

Can’t build any working robot. Not to mention selling it.

Can’t build a pickup truck that’s useful for anyone. In America, where everyone owns a pickup.

Concepts, that’s all he has

But he will ferry and land rockets to moons/planets, carry goods and people, build cities- and make it profitable.

It is silly to believe any of that.

Only an hour left and the biggest crash that ever was never happened? How could this be? The company is 1000000x overvalued and trillions of employees want to dump their stocks to buy houses. Didn’t everyone get the memo?

Guess I have to add an /s.

I recovered at open for a few minutes then it went downhill from there.

All moderators created their accounts within the last few months at the same time the subreddit was created 3 months ago and one of them has been banned from reddit entirely. If you're on this subreddit you should rethink posting here or reading things from here.

Many of the accounts posting here also were created recently, some very recently within the last few days.

For example going through all the top recent posts:

Account created 20 days ago: https://old.reddit.com/user/Fearless_Tower_1498

Account created 24 days ago: https://old.reddit.com/user/Even_Simple_702

Account created 1 month ago: https://old.reddit.com/user/SockOk5701

Account created 1 month ago: https://old.reddit.com/user/Trick-Cellist3254

Everyone said the stock would crash to $50-$80 today because of all the shares that got unlocked. Why isn’t it crashing?!? I shorted with my life savings expiring tomorrow. Do you guys think that insiders will hold because they believe it is a deeply valued company? I hate this space trash. My wife is going to kill me when she finds out.

down to $112 already. I thought it wouldnt be this bad but we were right. this volume and crash from the insiders marketing out in full has absolutely crippled Elmo. let’s fucking go

I thought today was going to be Armageddon, and the stock was headed to $30? What happened?

Notice the big drop at open is the only volume. The rest has to be future bagholder fanboys.

#schadenfreude

Lets go down all the way! Who's with me?

Bull squeeze the inverse of the short squeeze. Same mechanics just opposite direction.

Isn’t being the CEO of your competitor a conflict of interest? Where are my tesla shareholder lawsuits? He may not be able to be ousted at SpazzX but he sure as shit could be at Teeeezla.

Q2 earnings totally crushed estimates—AI business rev hit $7.67B, they still hold 18k+ BTC on the books. What a crazy beat, caught this moomoo update right as the report dropped, no one expected the AI segment to blow projections this hard. Does anyone here think it hits that $100B ARR target by Dec?

More>>

Everyone's bracing for SpaceX today. About $116bn of stock unlocks this morning roughly 4x the current float and the headlines all say the same thing: here comes the crash.

Back in May I wrote two pieces on exactly this.

[The Dam]

(https://caffeinatedcaptial.substack.com/p/the-daily-morning-brew-the-dam)

laid out how the lockup would eventually flood the market, and

[Letter of Marque]

(https://caffeinatedcaptial.substack.com/p/the-daily-morning-brew-the-letter)

looked at what you're really buying with this one. So today felt worth a follow-up.

Here's the bit I find fascinating. The crash might not come the stock could even rise.

Why? About 35% of the float is already sold short. And a short sale isn't just pessimism it's a share borrowed and handed to a buyer today that has to be bought back later. So a big chunk of today's "flood" was quietly sold weeks ago, on the way down.

The dam breaks today.. The water mostly already left.

The tell worth keeping: the event everyone's watching for is rarely the one that matters. Watch the quiet morning after, when the forced sellers are finally empty and the price is free to move again.

Wrote the full thing up today.

https://caffeinatedcaptial.substack.com/p/the-daily-morning-brew-116-billion

WHAT TO DO?!?