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Comment by strangattractor | Hacker News Reader

The new narrative is that Tesla is a 'Technology Company'. There is Tesla AI for example that is building Robots etc. Musk's competitor to OpenAI (x.AI ?) has raised $6 billion at a $18 billion valuation. Unclear if that is related to Tesla. I guess he decided that if AI is going to destroy humanity he might as well make some coin helping it happen.

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Pivoting to being an AI company while under investigation by the NHTSA for doing wire and/or securities fraud in relation to their AI product?

https://arstechnica.com/cars/2024/05/teslas-self-driving-cla...

New? They have been claiming this from day one when people called out the fact that they produce a fraction of what other car makers produce yet are valued x times over the others.

A lot of stock values are based on expectations of future earnings. Whether or not it was a valid expectation idk

> There is Tesla AI for example that is building Robots etc. Musk's competitor to OpenAI (x.AI ?) has raised $6 billion at a $18 billion valuation.

This is just giving Musk more runway to make promises that Tesla will fail to deliver on. When the robot fails, he'll pivot to promising something different, and the cycle will repeat.

How is this a "new narrative"?

Tesla has been lying about being a "tech" company to justify its obscene stock price for a decade. "Look we write software so it's okay that we are priced more than the entire rest of the industry combined"

Pivot to ~~video~~ AI

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