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Comments by "" (@salland12) on "The Ring of Fire" channel.
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Musk is only rich on paper. 80% of his projected wealth is in Tesla stock, which he uses as collateral to take out loans against. Musk's financial state has been bleak for the past 5 years. Even spaceX is mostly put together with government contracts and funding rounds to attract venture capitalists. This is why Musk needs to keep the hype around his company's going by constantly announcing ''new'' products and tech. What Musk is doing is one giant pump and dump. In recent times this has become less effective that is why he leeched into the federal government to remove the many ongoing federal investigations into his company's , like the FAA, EPA, SEC, GAO, and so on. Now he is awarding all the government contracts to his own company's to create a monopoly and keep the funding streak going.
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