A more concerning explanation of the SCTY business model.
What is more concerning to me is that Musk made no mention of this acquisition although it is clear he planned to do this prior to the latest refinancing. Not to mention not disclosing the autonomous death. Yes, I don’t think it is such a big deal given circumstances and nothing is perfect, but under the circumstances it should have been disclosed.
Funny though, stock is higher, not lower for it all. Assume it is confidence in Musk.