GM
General Motors Company
stockNYSE

you are right, as former owner of GM

GM snoo

GM! Get Monero!

They *can* let it go much much lower though. If you ever seen a bailout you would understand how fucking terrible they are for average investor. WSB users live in fantasy land, a bailout doesn't mean company skyrockets. It usually means the exact opposite, it means massive dilution, restrictions and debt. Just look at 2008. GM got bailed out and... Existing shareholders got completely wiped out. 100% loss. Citigroup got bailed out and ended up going 98% down (it is still like 80% down from ATH nearly 20 years later). Fannie Mae and Fraddie Mac got bailed out. They both went down about 97% and then delisted a year later.  If anybody is bailed out it means YOU got fucked with a dragon dildo strap-on mate.

Chevy is brand under GM. Tesla and SpaceX are entirely separate companies.

Agreed. Cybertruck loses are at least $6.5B. Robotaxi is going to bleed cash just like Cruise was a money pit for GM. Camera-only won't work well in any place with sleet, snow, freezing rain, heavy fog, sandstorms, flooding, etc. My car with FSD can't even navigate itself out of a multi-level parking garage. FSD will eventually be solved but it will take years and by then the Chinese will have competitive tech.

The issue here being that SpaceX is not the same entity as Tesla, they are separate entities. GM buying it’s own trucks is fine because it’s not GM taking profit it made and propping up another entity’s losses. SpaceX doing this is them taking dollars that should be earmarked for their investors and sending them to a separate public company. Now I mean who knows what the deal structure looked like, they could have been sold for pennies and it might have been a deal not detrimental to SpaceX, but that’s the line between self dealing and just buying your own stuff.

That's an interesting thought. Should we get mad at Chevy for using GMC trucks as fleet vehicles? Both are vehicle brands owned by the same entity - GM.

...reason being the H2 was half the specs and half the price of the original Hummer. GM turned the military humvee into an SUV.

GM cutie patootie 😳