Elon Musk buys nearly $1B in Tesla stock in push for more control

theguardian.com

9 points·andsoitis··4 comments

Investing in Tesla is investing in Elon Musk, and Elon Musk is too unstable to invest in. I didn't even realize he threatens his investors. From what I've seen of FSD I would never get in a Robotaxi, so I'm not confident that business will yield big dividends, their robots are a gimmick and lacking function it's hard to tell what market they'd serve, and their AI is still on the starting line while all their competitors have taken off. Meanwhile, their bread-and-butter EV business is in a state of collapse.

Why are people still investing in this?

I own 9,000 shares and started buying in 2019. We own 3 Teslas and all have FSD. I've taken 10+ Robotaxi rides in Austin. And my son is an engineer there. I can assure you the Optimus program is no gimmick. You're falling for many lies being told. Q3 will be a record quarter (in Teslas entire history), with new model(s) coming early in Q4.

What problem does Optimus solve? Who are their competitors and how is Tesla planning to differentiate themselves in the market?

WRT to FSD, I've had too many harrowing experiences as a passenger in friend's Teslas trying to show me how awesome it is. My experience in Industrial Automation and HMI (Human-Machine Interfaces) would lead me to never use FSD.

He bought the shares on a quarterly option expiry date. He had no intention on getting good value on these shares, but to push the price even higher through gamma hedging. This was pure manipulation (as it so often is with musk)

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