Hacker News new | past | comments | ask | show | jobs | submit login

> but if you look under the hood .. there is pretty much 0 money made from ALL of his businesses.

There are many valid criticisms of Musk. Saying that he has not added any real value in his ventures, or that he doesn't really know how to make money, just destroys your credibility.




How so ?

Which company is making money ? Especially if you exclude government subsides and contracts ?

Tesla lost tons of money, and only recently (and probably for a very brief period of time) was profitable - mostly from various government subsides and help (through carbon credits, IRA for Tesla buyers etc). SpaceX so far did not make any profit (or more specifically they said they achieved profitability last year, but you would need to trust Musk with his word on that...) and is 90% dependent on government contracts. Twitter is a money furnace, so is Neuralink, Boring Company and xAI.

I didn't say he did not add 'real value'. Obviously these companies would not exist without him. I'm just saying that profitability wise, so far (and it's been a long time for most of them) they are not or barely profitable.




Join us for AI Startup School this June 16-17 in San Francisco!

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: