Comment by tensor
1 day ago
It's absolutely a meme stock. I own a Tesla (though given Musks's overt anti-democratic political actions it will be my last).
They haven't improved the car for at least five years. Yes, autopilot is better, but that's it. And no, autopilot is not going to be doing autonomous driving globally anytime soon.
There is absolutely no justification for such a valuation. Humanoid robots? That's as short sighted as vision only self driving. There are any number of vastly more promising robotics companies.
As a previous Tesla stock holder and still car owner, I want Tesla to be a good car company first. It is not. And the CEO has gone out of his way to alienate and be hostile to his own customer base.
> It's absolutely a meme stock. I own a Tesla (though given Musks's overt anti-democratic political actions it will be my last).
It's a meme stock because musk hurt your feelings? If you think the stock of company valued at $1.5 trillion is a "meme stock", it's because of your political agenda. Not reality.
> There is absolutely no justification for such a valuation.
There must be some justification. Otherwise it wouldn't be trading at $1.5 trillion.
> I want Tesla to be a good car company first.
Musk has been open about what tesla is. It surely isn't a "car company".
> And the CEO has gone out of his way to alienate and be hostile to his own customer base.
You are not his "customer base". The narcissism and sense of self-importance is off the charts.