The bill comes due for Elon Musk
theverge.com
theverge.com
Which is a bang on description of most Telsa releases. But this time they're promising a robotaxi, a much higher hurdle than the fuzzily defined FSD. The expectation should be no supervision, no humans, pass out drunk in the cab and wake up safely at home. Call me skeptical but I've followed Tesla enough to think that the reality will probably be more like a vague timeline resulting a few years later in a tiny fleet of Tesla owned cars operating in a small area with simple roads & weather and human "supervisors" actually doing the driving more than half the time. And the investors will flip out at how amazing that is and value the company even higher as they predict that it will out compete Uber, a company which struggles to make a profit.
I can't wait until we have personal AIs to read and filter this drivel for us to the point that it becomes useless to post it!
Current Tesla P/E: 67.78 (even for a large SaaS company, this would be very high; for a consumer goods manufacturer it’s virtually unheard of).
Current VW AG P/E: 3.14.
Like, people buying Tesla presumably aren’t buying primarily based on its earnings. There is an expectation of something more.