Why Tesla is overhyped – and overvalued

First, he measures software advantages (though it’s difficult, he at least admits) by measuring the number of processors!?! Beyond laughable, well into “I stopped taking you seriously” territory.

As someone who just bought a Bolt, I am deeply, deeply disappointed with the software. I’ve never owned a Tesla, but I’m pretty confident it can manage the task of continuing playing the audio source I last selected, not blasting the radio at me four times per driving session, despite my desire to never hear the radio.

Similarly, he acknowledges “maybe” the valuation is justifiable if Tesla can manage 25% margins, then scoffs at the possibility of doing any such thing.

It seems to me the main near term (pre-autonomous vehicle time frame) bet on Tesla is that they can be better at robotics for achieving greater and greater manufacturing automation than their competitors. This strikes me as very difficult, but it doesn’t help the author’s argument much when he to blithely breezes past the entire substance of the argument.

All in all, it comes off as a dismissive ill informed hit piece.