3,4 billions d'yeux impressionnants, mais 94 % de dilution des nouvelles actions + un bénéfice net de seulement 2,3 milliards, cette comptabilité ressemble à échanger des bulles contre des bulles, cela peut-il tenir à long terme ?

« Fortune » magazine analysis states that if Musk pushes for a merger between SpaceX and Tesla, the combined company's valuation could reach 3.4 trillion dollars. The report points out that SpaceX may need to issue new shares equivalent to 94% of the current circulating shares to complete the acquisition. Meanwhile, Tesla's GAAP net profit over the past 12 months has fallen to 3.9 billion dollars, with core operating profit excluding regulatory credit income and Bitcoin gains at about 2.3 billion dollars. The analysis suggests that this deal might be an acquisition of another high-valuation company by a high-valuation asset, and long-term profitability remains questionable.