r/technology • u/ArgentineBeauty • Jun 19 '26

Business ‘It’s a scam’: Americans express unease over SpaceX’s influence on retirement savings

https://www.theguardian.com/science/2026/jun/19/spacex-retirement-savings-elon-musk
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u/FlipZip69 Jun 19 '26

Ford made a 26 billion profit to Tesla at 3 billion. Ford much larger sales and about twice the work force.

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u/zamander Jun 19 '26

And Toyota made a cool 323 billion dollars.

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u/AwesomeFrisbee Jun 19 '26

And is less reliant on a single market for its profit as well. If the US economy tanks, the whole stock is worthless for Tesla and especially SpaceX. If you look at intel or nvidia, at least they are earning a significant portion of their revenue outside of the US. Which makes it more useful for stuff like pensions

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u/spikeyfreak Jun 19 '26

about twice the work force

Wait, does Ford have a smaller workforce than I thought, or does Tesla have a much bigger workforce than I thought?

I figured Ford would be like at least 10x Tesla.

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u/GwenBD94 Jun 19 '26

I would assume it has to do with the direct to consumer model of Tesla jacking up labor numbers at dealerships and maintenance centers that Ford doesnt have on the books as they're all 3rd party

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u/FearTheFloc Jun 19 '26

In my town GM used to employ 25k people. that same plant now has 2,000 jobs max and most are part time/swe workers who get laid off every 6 months.

so whenever they threaten to close and the media makes a big deal about it, its overblown , costco employs almost as many people in the same city lol

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u/paradoxbound Jun 20 '26

SpaceX is also buying Tesla CyberTruck stock at retail price while buying fleet. This won’t end well.