It’d be nice to see the lending market smarten up and tell him to pound sand.

Because the stock valuation has inflated so far beyond the company's actual revenues, its been pushed into a number of major index funds and become a "must buy" for 401ks and other retail investment accounts. This creates a kind-of self-fulfilling overvaluation as a result. I don't think there's any real market mechanism that will devalue Tesla in the near future. Kicking the Tesla tentpole means shaking up the entire S&P 500. Even the mega-hedge funds with the ability to do it don't have a strong monetary incentive to try.

At the same time, the kind of stock growth Elon is expected to deliver in the next five years is astronomical relative to their core position. Either he's going to Tulip Mania his company again or he's going to fall far short of the mark.

I worry he’s going to fuck out space industry in the process of fleecing NASA though.

NASA's been a contractor's boondoggle since at least Reagan. The Challenger Disaster can be linked directly back to an outsourcing scandal that was covered up and buried under Reagan in order to keep Thiokol Chemical Corporation (now a subsidiary of Northrop Grumman) financially insulated.

I would argue that SpaceX exists precisely because NASA has become a budget of money to be siphoned from. The Space Industry was fucked in the 80s and never really recovered, leading to our reliance on Soyuz rockets for much of the Bush Era and creating an environment at Boeing so toxic that we've largely lost our ability to do space flight domestically.

For all the talk of Moon bases and Mars missions, it seems the real money in aerospace is just spewing up endless waves of cheap disposable satellites for commercial communications. That's going to be the limit of US space technology for the foreseeable future.

Uh. Friend. I hate to tell you this, but the US imprisons more people per capital than the Soviet GULAG system at its height. China has never imprisoned people at the rate the USA has. Even in the last 18 months, where the USA dropped out of the top slot in the world, it lost to Cuba who recently had a huge uptick in incarceration due to the US's most recent attempts at recruiting dissidents. And the USA is only slightly better than Cuba on this number. And Cuban prisons are like, fully integrated into communities and don't rely on torture and don't have gang violence and don't charge prisoners hundreds of dollars a day and don't use them as slave labor the way the US does.

No. On this particular issue of locking up whomever they want for whatever reason and abusing them and letting them die and massive recidivism and a parole population that is under 24/7 surveillance that is something like 2x larger than the prison population - on this topic, the US is not somehow sliding towards being problematic. It has been this way for a century. The US is a brutal brutal regime to its own people.