pdq
Joined 17 years ago
Joined 17 years ago
It is most likely AI generated with a nice "Raised $50B" hallucination and filled with cliches ("thrown down the gauntlet", "mountain you don’t climb just once", "not for the faint of heart").
See the chart halfway down here:
https://blog.thermoworks.com/coming-heat-effects-muscle-fibe...
https://a16z.com/where-have-all-the-ipos-gone/
Regulatory compliance like Sarbanes Oxley is another huge factor. And VC's having large capital pools make it easy for companies to stay private vastly longer without needing to raise funding from the public.
It's very unfortunate for the public markets, as basic only VC's and PE get access to high growth young companies. Now most of the growth is squeezed out by the VC's and the public gets just the tail end of mature companies.
Although this is a clear case of self-dealing by Musk.
I'm guessing tax liability is mostly a wash, as if you are taxed as an S-Corp, you pass through the profit into personal income and pay income tax on that.
For example, here are his employment/hiring docs: https://squareoneforms.com/
This is a huge burden on the electrical grids, and Tesla or EV's get to hand that problem to someone else.
The only way this makes sense at scale is if we had nuclear power, and charging was done at night.