All that money could have gone to something useful that would have benefited everybody and instead it went into investors pockets
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Like the $6 billion Musk promised to end world hunger.
Elon is first and foremost a con man.
He gives them the old razzle dazzle, and even tech investors get so impressed with his confidence and his technobabble and his statements like “This is ready to ship today” that they’ve just lined up to give him money.
I think what’s happening now is that the blush is coming off the rose. Elon first got his money because he was involved as a founder in a company that he was fired from because of incompetence, but kept a large enough founder equity stake that he cashed out a billionaire. Then, because money was cheap and because you hit a tipping point where it’s easier to make money than lose money, he failed upwards.
Now reality is starting to catch up with him, and he’s in a panic. He’s psyched himself out enough that he’s turned pure Trump, doubling down and becoming more outrageous instead of taking his responsibility to his companies into account.
The only thing of his that is ever ready to ship today is his ~~crowdfunding~~ pre-orders and investment opportunities.
The rest of it is just bullshit, smoke and mirrors, inevitable delays, and gaslighting his cult into thinking he never previously promised something "ready within 3 years" would be completed last year.
I truly hope we eventually pass the tipping point where it becomes more widespread knowledge that he's an incompetent "idea guy" instead of a visionary inventor.
So Taylor Swift is going to buy it next?
Why settle your jet-tracking beef when you can just eat it?
If that's true, Saudi Arabia probably wouldn't have given him $22B of their dollars with no expectation of a Return on Investment. They have no horse in the "does Elon look foolish?" race.
Assuming this is true, there are methods to have the same result that are way less expensive...
I think he got talked into thinking the Twitter files were real.