Yes we do. A lot of people, for a lot of different reasons.
For me, it will be the end of the biggest con, the stock market has ever seen. And I can't wait to read about the details behind it, once the dust settles.
For me, it will be the end of the biggest con, the stock market has ever seen. And I can't wait to read about the details behind it, once the dust settles.
Some say Tesla shouldn't be valued as a car stock; it should instead be valued as a Tech stock. Well, Tesla traded at a P/E about 4-5 times that of NVIDIA which itself had a high P/E compared to the other Magnificent 7 which in turn have a high P/E compared to the stock market in general.
What exactly is Tesla so great at that they deserve this enormous valuation? Its P/E has gone down to ~110 now, bit this is still incredibly high compared to e.g. NVIDIA which is trading at a P/E of ~40.
Tesla sold millions of cars that were supposedly going to become Robotaxis with a simple software update, somewhere in 2019. SIX YEARS AGO. Tesla even showed screenshots of a ride-sharing app. SIX YEARS AGO. Now it's obvious to anyone, that those cars will never become Robotaxis, as Tesla pivots to trying to fake a Roboataxi service this year, with remote operators.
But the greatest con of course, was towards investors. Of course nobody is complaining now, since the stock is still a meme stock. Just wait a bit more...
It's overpriced and not available where I live, but I'd love one. It doesn't do everything under the sun as promised, but I'd rather drive less than more. The basic 10 year old Autopilot is already huge help.
I'd say it's about 80% delivered. Far from a con.
Do you seriously believe the company was valued at >1T$ because investors believed that an "FSD 80% delivered" is enough ?
Tesla and Elon claimed ALMOST 10 YEARS AGO, that the car will drive itself from Los Angeles to New York. Just think how insane this is, even today. And then look up the state of their technology 10 years ago.
Of course self driving will be solved one day. Probably not by Tesla. But it doesn't matter - they were selling this stuff for almost 10 years already, knowing perfectly well it doesn't work. But hey, next version will blow your mind !
I’m tine if you call it “some self driving”, I don’t care. I’m not going to put my car as a taxi, that’s stupid.