I know there’s a lot of Tesla/Elon hate here. I’m not denying any of it. I’m just sharing a genuinely strange experience I wasn’t expecting. We needed a car again. Sold ours a year ago and got by with Uber, rentals, taxis. Life changed a bit and we needed something more predictable. I was planning to buy something used and boring and didn’t really care what. My wife asked, “What about an EV?” We can’t charge in our r…
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Aren't those "smart quotes" associated with Mac software? And which part of the story did you find irrelevant?
https://www.forbes.com/sites/antoniopequenoiv/2024/05/31/tes... > Musk sold 19.5 million Tesla shares worth about $3.95 billion in November 2022 I mean sure it is his to sell, but how is that different?
So is your issue here that a CEO makes public claims if his company that may be predictions or aspirations for the future, then sells shares he owns in the company to buy another company?
Exactly my issue. The same way scams are "predictions and future aspirations".
i don't understand americans, two years ago i wanted a tesla, now i want a byd, you've let down the only american company competing against the chinese, all because of trump and politics
Elon's personality has been known before he ever came out in support of Trump. Think back to when he called someone trying to rescue kids a "pedo" because they ignored his idea of building a submarine. Moreover, his inability to deliver on promises has been a well-known fact for years.
Since when is someone trying to build a difficult thing on a tight timeline referred to as a "promise"?
He sets extremely ambitious goals and usually/often misses them, but the end result is that despite missing the ambitious goal, something amazing is delivered still much faster than anyone else could do it.
Tesla had a ridiculous lead over everyone and they spaffed it. No new features, no HUD, no dashboard. They want 60k for cars which have nothing in them. Other companies have now ripped the software and the iPad, so they have nothing unique. All they had to do was continue to improve the product. They didn’t even try.
I' m not defending Tesla for a moment, but I disagree with your take... 1) Wasn't it always inevitable that, once tha large established car manufacturers really started to knuckle down to creating EVs, that Tesla's lead and 'moat' would mostly vanish? They still have some of the most efficient EVs available, and their UI/UX is still one of the best , but of course they'll face compeition, and of course their competit…
Advantage for Tesla is that the rest of the auto industry has lost their way, too. For example, the infotainment in a brand new, expensive vehicle like a new GM is atrociously bad, unreliable, and slow/clunky to use.
Somehow his company is worth ~1.6 trillion dollars, with most of that valuation being confidence in his predictions. He is predicting humanoid useful robots soon. Tesla's valuation defies reason
Well, feel free to short Tesla. (And I say that with conviction. https://hindenburgresearch.com/ are my heroes.)
The problem with shorting is always timing. Additionally, with companies like TSLA or other large companies there's always the risk of a government bailout/backstop. The easiest way to predict the future is to look at incentives. Many of the people in power have huge incentives to not let companies like these fail/drop so it ends up taking an enormous event to trigger the unwinding.
With analysis? Like what else? Throwing ones hands up in the air and giving up, would be valid if it was actually hard. The example you have given just mixes up CEOs, Politicians and the Fed . Being charitable, this is a question of whether someone can understand all these domains well enough to make out good from bad. Yes - people have. It takes time, effort and a desire to learn these things, but its done regularly…
> For years, we've been told a lot of things that have never come to fruition. This is the specific comment I was replying to. It isn't about throwing ones hands in the air, its about realizing that CEOs are always going to embellish the present as much as possible and make claims of the future that are aspirational at best. I raise both politicians and the Fed because they both do the exact same thing when it comes…
I know there’s a lot of Tesla/Elon hate here. I’m not denying any of it. I’m just sharing a genuinely strange experience I wasn’t expecting. We needed a car again. Sold ours a year ago and got by with Uber, rentals, taxis. Life changed a bit and we needed something more predictable. I was planning to buy something used and boring and didn’t really care what. My wife asked, “What about an EV?” We can’t charge in our r…
Does Elon’s politics and DOGE’s impact on the US change at all how you feel? Regardless of how great a Tesla, starlink, etc is I could never purchase on myself after the gutting DOGE did.
I still remember when people were laughing at the Tesla Model 3 as vapourware, as a scam, and proof that Musk was operating a ponzi scheme.
It never did become affordable.
It’s affordable relative to the definition of affordable given at the time. The entry level Model 3 currently sells for $38,630. That's $28,600 in 2016 dollars.