Our car industry has been told to get its shit together and failed or not even tried so many times.
It's times to just let in BYD for a few years and just slaughter all the incumbents. I don't care what we do after that. But a bloody reckoning is sorely needed.
I was always mystified about the value of Tesla stocks. The pe is still absurdly high and the market cap is bigger then probably all the big manufacturers combined. It's obvious that people are investing in musk as a person. But there has to be a correction sooner or later. Tesla has value as a car company, but their first mover advantage is dwindling. Add to that musks politics and it's not surprising that the executives are reading the writing on the wall.
Tesla has been over-bought for years and everyone knows it, but as Keynes once said: the market can stay irrational longer than you can stay solvent. My strategy has just been to stay away. TSLA could blow up in the next 6 months, or it could go up for the next 6 years. To me, at least, it's not worth f'ing around and finding out, especially when the market as a whole is doing so well.
> especially when the market as a whole is doing so well.
… is it? There was some news maybe within the last month saying only the top 15 or so of s&p companies were the only companies showing healthy growth and everything else below that has barely any growth, is losing value or is stagnant.
This is a genuine question, because the discussion here is centered around cars, but is Tesla not just a car company? Aren’t they trying to position themselves in robotics? I figured that’s where the pricing comes from - a mix of people betting on cars + robotics, and an automated robotic workforce + AI being the future of industrial and maybe even retail labour?
Why would a robotics company justify higher valuations? Isn’t that going to be a capital intensive, low margin race to the bottom like cars?
Seems like only pure software businesses (which are extremely capital light and often come with network or lock in effects) can justify the really crazy valuations.
If you think cars + robots is the future, Boston Dynamics is owned by Hyundai these days. (That was a ~$1 billion valuation 5 years ago.) Watch some of their videos. None of them feature a guy in a leotard doing the robot.
I got out when Elon Musk fired the whole Supercharger team.
That was roughly a year after the entire North American Auto industry standardized on the Supercharger standard, the Supercharger Network opened to non-tesla cars, and they were poised to expand.
The rational thing to do if Elon Musk didn't want to be in the charging business would be to spin out the Supercharger Network as a different company. Instead, he fired the entire team over a petty argument.
That was the first clear case of mismanagement that I saw.
Well, sadly, Space Cersei owns another good chunk, and Space Jaime has a bunch, then Space Reek is surprisingly well-endowed, and Space Baelish is probably somewhere in the mix. All of whom sit on the Space Iron Council, and advise Space Joffrey about what dank memes they should focus on during the upcoming Space Tourney, where they will be testing new Space Fire Water to use on the Walkers approaching the Space Mexican Border. At least, until the Master of Tired Analogies signals the end of festivities by beating a dead Space Horse.
For years Tesla had been over promising and under delivering. It had to catch up sooner or later. I believe the flashpoint might have been the Tesla Cybertruck launch. These insiders should have knowledge about the issues and sales figures for the Cybertruck.
Go ahead and short Tesla.
Electret has been an anti Tesla machine for years, it used to be mostly positive and at a some point it flipped very hard. I would guess they it's a vendetta or they get paid by someone to spew misinformation.
In this case can you imagine the pressure on a high executive with lot's of share with the recent drama around the elections, Trump, Epstein, etc. Again, Elon stand alone in his dedication.
I think it's very hard to put a price on Tsla at the moment with FSD getting ready, I just did a family road trip with my (old HW3) Tesla from Montréal to Manhattan it was almost flawless, way safer than if I drove myself. What is the value of that? What is the value of that system in highway trucks that drive all day?
I think they had almost infinite first mover advantage with the model S (the only car they've ever got completely right)...
They / he squandered it all ... and now we'll witness the long, slow decline as they get (and are already being) trounced both in design language and technical capability.
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[ 2.9 ms ] story [ 54.2 ms ] threadIt's times to just let in BYD for a few years and just slaughter all the incumbents. I don't care what we do after that. But a bloody reckoning is sorely needed.
… is it? There was some news maybe within the last month saying only the top 15 or so of s&p companies were the only companies showing healthy growth and everything else below that has barely any growth, is losing value or is stagnant.
Seems like only pure software businesses (which are extremely capital light and often come with network or lock in effects) can justify the really crazy valuations.
That was roughly a year after the entire North American Auto industry standardized on the Supercharger standard, the Supercharger Network opened to non-tesla cars, and they were poised to expand.
The rational thing to do if Elon Musk didn't want to be in the charging business would be to spin out the Supercharger Network as a different company. Instead, he fired the entire team over a petty argument.
That was the first clear case of mismanagement that I saw.
Also I guess I assumed they hired a new team. Did they not?
In this case can you imagine the pressure on a high executive with lot's of share with the recent drama around the elections, Trump, Epstein, etc. Again, Elon stand alone in his dedication.
I think it's very hard to put a price on Tsla at the moment with FSD getting ready, I just did a family road trip with my (old HW3) Tesla from Montréal to Manhattan it was almost flawless, way safer than if I drove myself. What is the value of that? What is the value of that system in highway trucks that drive all day?
They / he squandered it all ... and now we'll witness the long, slow decline as they get (and are already being) trounced both in design language and technical capability.