This may well turn into the perfect storm for Elon, if the poor quarterly results at Tesla — coupled to the below — end up meaning that the two companies’ chance for a favorable merger transaction… has been scuttled.
All the structuring (and frankly — winking) on the planet cannot obscure the gargantuan and poor GAAP financials — in both these ’34 Act companies now. Here is a bit, for the evening of August 4, 2026:
…Consensus estimates project revenue of around $6.87 billion for the quarter and a loss of $0.28 per share, according to Yahoo! Finance….
In the first quarter of 2026, SpaceX generated revenue of nearly $4.7 billion and a loss of $1.27 per share….
If insiders sell a large number of their shares, that could flood the market with supply and hurt the stock, even if [the narrowing losses] are perceived positively….
What an upside down world, indeed — but don’t go short or buy puts yet, because too many deep pockets will try irrational things to prop up the stock price above $100, in the next six months.
No, let it break below $100 first. And it will. Heh.
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Powerline Lies... 