Elon himself is a joke.
He is a complete fraud, and there's been a large-scale concerted effort around legitimizing him to lots of people who would often be considered "intelligent".
Space X IMO isn't really a private company, but a workaround of NASA's functionality.
Tesla isn't even Elon's company, he bought it and changed the history to accredit him with the technological achievements. And even then, that's not a whole lot. The cars have sold well, but they are a gimmick and create massive amounts of waste. Not to mention their lifespan is highly questionable.
His solar enterprises have been largely horrible, and he claimed to have attractive looking panels nearly ready to market also claiming they had hundreds of homes using them. It was revealed to be 5-10 in reality.
Most of his projections/claims are quietly forgotten because they don't come through.
One huge one was his "Hyperloop" projects. Which today are nearly entirely cancelled. Any thinking person with physics/engineering background can easily see the problem with created a vacuum tube for a rail. It's all of the danger of space, underground with no way to egress. The demonstration after being scaled back in it's lofty-sights many times already, became a several mile tunnel in Vegas with Teslas being driven by people.
And what's best of all? Most of this stuff is being HEAVILY subsidized by the United States Govt. Which in my opinion, has moved a lot of their projects into supposed private ventures like Elon's. Also see: Gooogle & Facebook.
But my main point here is Tesla's Bitcoin holdings.
I believe that Tesla bought Bitcoin & began accepting it to offset their losses. There have been many people who have done detailed explanations of why Tesla is a horrible company, but despite that many investors consider it top-tier stock to hold. So I don't know.
My thinking is that Elon used Doge as a pump and dump situation, and that it also relates to Tesla's Bitcoin holdings.
I don't have a lot of faith in Doge, and I never have.
With all that said, I know people who made a lot of money getting in AND out of Doge at the right times.
Right now the entire crypto market is being manipulated in my opinion. Big money is moving in, and caused lots of small/retail investment before shaking alot of those holders out a few months later.
All the value is clearly tied to BTC, and I think it's the surest thing overall no matter what. I also like ETH, but I don't think it's nearly as sure of a bet as BTC. Overall though, my ETH investment has gained more value than my BTC holdings, but they're both going down right now so I'm slightly under water.
When the market was bullish I also jumped into Cardano, and I still have faith in that.
The riskiest thing out there right now though is Tether(USDT) though, IMO. Look into that mess if you get a chance.
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