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by hiitsmyaccount21 hours ago |
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upvoteby atonse7 hours ago|
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Have you heard of the concept of Conglomerates?

In the US, GE makes your microwave, aircraft engines, and also the gas turbine your power plant uses.

Siemens makes appliances, MRI machines, and even nuclear reactors I believe.

Or in Korea: Samsung, Hyundai, LG. Samsung makes chips, TVs, washing machines.

Japan: Mistubishi makes washing machines and excavators and mining equipment.

India: Reliance has cell phone service, grocery stores, and oil rigs. Tata makes cars, has tier 1 datacenters, and runs hotels too.

This is hardly a novel idea.

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upvoteby fooker53 minutes ago|
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Interestingly conglomerate market caps are punished by the market.

The only recent exception is Samsung because of memory suddenly costing 10x.

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upvoteby 0x4574 hours ago|
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Samsung makes a lot more than that. Well, lots of them make a lot more than what is listed, but Samsung pretty much has division for everything.
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upvoteby gizajob21 hours ago|
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Japanese companies manage fine doing this kind of thing.
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upvoteby CoolestBeans17 hours ago|
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Japanese keiretsu also usually have a bank at their center or have both horizontal and vertical integrations. Where they don't have integration, they at least have financial integration. Whatever Musk is doing is far less cohesive in every way.
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upvoteby tim3337 hours ago|
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Musk's hype the stuff up, raise money, can be applied to any venture.
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upvoteby CoolestBeans6 hours ago|
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The only charitable part of this idea is that it will insulate the stock price from the actual balance sheet. It asks investors not if they want to invest in an EV automaker but in "Elon Musk Inc" essentially. He's been doing some variation of this his whole career, this would just give him the ability to dilute the numbers of each component industry further. The problem is the brand name of Elon Musk is worth a lot less than it was in the 10s.
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upvoteby dzhiurgis14 hours ago|
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Did you forget X money and Musk's literally first job being in a bank?
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upvoteby CoolestBeans6 hours ago|
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A payments platform is not a bank. Beyond the services being different and the customers being different (consumers vs businesses), both had to partner with... well a bank, to provide the actual financial services.
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upvoteby Gigachad20 hours ago|
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Do they have a gigantic tumor like twitter and Space AI slapped on the side? If all of the products were profitable it would work.
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upvoteby gizajob20 hours ago|
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I don’t have time to look up whatever Masayoshi Son has wasted a few billion dollars on today, but yes kinda.
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upvoteby atonse7 hours ago|
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Reliance in India basically ran a severe loss for Jio (their new mobile network where they essentially gave the country free mobile internet), but paid for by the profits of their fossil fuel business.

For a while, didn't Amazon do the same? They basically ran a loss with Amazon retail but profits on AWS, until they spun off?

So yes, this is fairly common with conglomerates, (Amazon sold diapers at a loss to put diapers.com out of business). And in fact, this tactic is a target for anti-trust laws where they exist.

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upvoteby dd8601fn13 hours ago|
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I think Twitter is the one that actually makes money.

Until they sold all their compute to anthropic, Ai was the boat anchor.

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upvoteby dansquizsoft12 hours ago|
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Starlink makes the money.

No way in hell is Twitter making a lick of profit.

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upvoteby 20 hours ago|
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deleted
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upvoteby wnmurphy20 hours ago|
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I'm glad someone else gets it.
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upvoteby AlotOfReading20 hours ago|
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What about Tesla's management style would you call Japanese?
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upvoteby gizajob20 hours ago|
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I’m highlighting that companies can and do have all kinds of departments doing seemingly unrelated things if they want to.
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upvoteby AlotOfReading20 hours ago|
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I'm pointing out that Japanese companies can do that because they're organized and managed like Japanese companies. Tesla is not, and in fact lacks pretty much all the organizing characteristics and long term planning that enables keiretsu to function.
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upvoteby gizajob13 hours ago|
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Don’t think it requires layers and layers of management attending meetings for 12 hours a day to function as a prerequisite.
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upvoteby merekmob19 hours ago|
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Kamikaze
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upvoteby fnordpiglet21 hours ago|
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It would almost be as big a monstrosity as Amazon
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upvoteby burnerRhodov321 hours ago|
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but... All elon companies. More valuable bundled, because all the elon lovers don't have to pick where they throw their tithes. I'd love it even more if they throw in a tunnel construction and a human brain implant company in the mix while they are at it.
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upvoteby mrheosuper16 hours ago|
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Add weapon and tank and they will reach the scale of Samsung.
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upvoteby killbot500021 hours ago|
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Tesla-Yutani
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