When Tesla posted its first-ever “year under year” — of dropping sales revenue — two days ago… we knew he’d have to have some sort of “reality distortion bubble” ready to go for the rubes who’ve paid about a 290 times price multiple, compared to Tesla’s actual earnings for its stock.

Said another way, it will take Tesla (at the company’s current pace) about a third of a century to cover the price the rubes bought in at, last summer.

Ouch.

So now he says his two companies may… merge:

…Elon Musk’s SpaceX reportedly is considering a merger with Tesla (TSLA) or xAI before the private space company’s expected IPO later this year. Tesla stock [rose] Friday after falling Thursday following earnings….

SpaceX is mulling a combination with the EV giant or Musk’s artificial intelligence startup xAI, Bloomberg reported late Thursday, citing sources. That could help with the likely substantial financing needed….

If “one quagmire is NOT deep enough — let’s just DOUBLE its footprint in this swamp.”

D A M N.

You’ve been repeatedly warned.

[And Musk’s X-itter is losing money like crazy, as well. Hilarious.] Out.

नमस्ते