Tim Miller

You know, with the SpaceX IPO and Elon, he broke all the campaign finance rules, started a super PAC.

They coordinated.

Nobody investigated it.

helped Donald Trump get elected, helped get himself inside the White House, now is going to become a trillionaire because he has inside deals.

It's easy for me to look at that and feel like, well, fuck, we have no power in the face of this type of wealth.

And I do think it's challenging to push back against it.

there's a pendulum to these sorts of things.

And I do think it's possible that like the backlash, like that we're on the precipice of a backlash and that there is political power that is possible.

But I mean, it's not going to stop Elon from getting a trillion.

His situation is insane.

It's financing, yeah.

They're already capitalized.

That's depressing.

Yeah, for sure.

The counterpoint to that is, is the stock market even real?

Is capitalism real?

Tesla stock continues to go up based upon essentially nothing, like hype and buzz and Elon's magic sauce.

And if you look at their actual revenue to the PE ratio, not to get nerdy on our non-finance podcast, I compare it to the other companies at the top of S&P 500.

I saw a chart the other day where it was like,

Hype can pop.