Comment by bhouston
17 hours ago
Tesla is a meme stock in a similar manner to GME. You cannot bet against them even if they have incredibly unsure future prospectives because there are too many believers who will buy any dips.
17 hours ago
Tesla is a meme stock in a similar manner to GME. You cannot bet against them even if they have incredibly unsure future prospectives because there are too many believers who will buy any dips.
That might be a little extreme. Tesla is making electric cars and robots. These are very much things of the future.
GameStop is buying and selling used games, which is becoming impossible as consoles keep pushing for digital games.
GameStop requires a major shift in their business model to stay relevant, while Tesla just needs to hope the public doesn’t reject the idea of electrics cars out of stubbornness or politics.
While there is a lot of hype baked into both stocks, it seems like hype with Tesla is founded in more reality than the GameStop hype.
Didn’t they just announce their profits dropped like 45% year over a year?
https://techcrunch.com/2026/01/28/tesla-earnings-profit-q4-2...
They’ve been overvalued for a very very long time. And then the head of the company decided to alienate as many people as possible. All while pouring a ton of resources into a product that very few people want instead of saner things.
Sure but they also beat earnings and revenue targets, and the stock price rose. I think it was expected for EV profits to drop when the tax credit left
Electric cars, maybe. Tesla is valued much larger than the rest of the auto industry combined though.
Humanoid robots? Ain’t nobody made the business case for that. It is pure vibes.
Are you seriously saying there is no business case for humanoid robots?
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Tesla is valued at more than the auto industry because they are doing more than the entire auto industry.
Honda is going to come out with a new Civic next year. It's going to look like the old Civic.
Tesla is trying to create self driving taxis to make the rest of the auto industry obsolete.
If you think that can happen, they should be worth more than the rest of the industry.
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> These are very much things of the future.
I thought it was hyperloop. I thought it was suboribital taxis. I thought it was underground taxis. I thought it was self-driving semi trucks. Or was it solar roofs? Or powerwall? Wait weren't we supposed to be on the moon again right now?
He's a bullshitter. Yea, he picks good targets, but he is entirely full of shit. The market just does not reflect this. He should have been golden parachuted onto a yacht years ago.
To his credit he also delivers, sometimes.
X kind of works. XAi kind of works. You can say it is all kind of broken but it works. People predicted X will collapse just a few months ago!
StarLink is really popular now, and it didn't exist few months ago.
He can still do things. People are betting on that.
Now if you ask me, Tesla is still his biggest moneymaker and collapse of Tesla sales will be catastrophic for his empire.
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Tesla's sales are standing still in a growing market. Are they GameStop? Maybe not, but they still require a major shift or their competitors will leave them behind in the dirt.
They are making things but the case for them being worth an order or magnitude more than a normal EV company is getting weaker by the day
This was true when Tesla was primarily in the market of making electric cars. It is not true if their business is humanoid robots: that's squarely meme stock territory.
Tesla's valuation is not related to their production of cars or robots.
refrigirators then? some other household appliances? what exactly is “thing de jour” tesla is today?!
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The current administration is “rejecting the idea of electric cars out of stubbornness or politics.” See: Trump moving to withhold funding for EV chargers, terminating EV mandates and government support, etc. I don’t know what Musk is thinking by supporting this administration so steadfastly as they work hard to undermine his own efforts and initiatives.
I'm not making any specific assertions about what's in Musk's heart. I can draw some conclusions from his behaviors, actions, and words, but that's neither here nor there.
I will say, though, that there is a longstanding tradition, certainly in the United States, of an in group hurting their own material interests to deprive an out group of that same thing. https://www.marketplace.org/story/2021/02/15/public-pools-us...
Musk got what he needed at the expense of losing some tax incentives for his customer base. He was able to shut down government investigations into him/his companies. That alone should have been worth quite a salary bump.
It's pure politics: https://www.reuters.com/business/autos-transportation/genera...
The people behind the Diesel won and now are moving the money flows their way. See GM stock.
tesla is not making robots.
They are making no robots.
What robots are they making?
Where can you buy one? What does it do?
The only thing keeping Tesla afloat currently is tariffs and restrictions on far cheaper and far better foreign alternatives. That's not a solid foundation. It's certainly not a trillion dollar company.
The dam is breaking. We have Canada lowering tariffs and agreeing to allow the import of Chinese EVs (limited, at least to start with) and the US administration goes off on Canada for doing it because they know what it means: crumbling American influence.
South America, Africa and Asia are likely forever lost to Tesla. And European sales are tumbling.
The supercharger network will maintain some inertia for some time but only for so long.
You can see this in Tesla announcements about attempts to diversify. AI robots? I'll believe it when I see it. Robotaxis? Well you're reliant on FSD for that and you have stiff competition in Waymo and who knows what China is cooking up there.
The GP was correct: it's a meme stock. It's no longer an investment in a business. It's an investment in Elon and, more generally, an investment in the administration. There's no fundamental way to predict how that goes and on what time scale. If you want to gamble, gamble. But gamgling is what it is. And, just like Twitter, I guarantee you the people at the top won't be left holding the bag.
BYD makes electric cars. Not sure if Trump will let you import them.
Nor will any American president. Detroit would collapse overnight (again).
You can on the betting market bet against Tesla reaching their ever moving goal posts. Those same meme stock holders are so sure that FSD will come by March that they are taking the bets.
All fun and games until people game the system. Polymarket for example will frequently just bend/ignore the truth to make specific unlikely/not real outcomes happen.
Game stop used its irrationally high stock price to raise money. Tesla instead has been giving away stock to make Musk richer.
> You cannot bet against them
I am not sure. I think buyers or potential buyers shifted their assessment of Tesla in the last, say, 1-2 years a lot.
Did they? It keeps going up despite no reasons for it.
I was exactly going to shot Tesla. Is Tesla more like Elon meme ?
There is no such thing as "meme stock." It's literally just how stock market is since forever. But every generation thinks they are so special that they have to coin new terms for the oldest things.
Historically bubbles like this hardly ever lasted this long, though
That doesn't mean there's no such thing as a meme stock, that means there have always been meme stocks and we now have a consice name for it
GME is a joke that got out of hand. TSLA is a cult that went too far.
The Elon hate is really creating a blind spot for many people here.
You can’t just compare Tesla to a meme stock when the founder’s side gig is launching and landing orbital rockets - a feat that even the most technologically advanced nation states have failed to accomplish.
Come on people, use a little critical thinking skills.
Critical thinking might ask how the valuation of company A has any relationship to the activity of a completely separate company B (planning for its own IPO)
But I will concede the founder's other side gigs would appear to have significantly affected its sales
Multiple things can be true:
1. SpaceX was an exceptionally well-executed good idea, and continues to be a leader in innovation.
2. Tesla brought EVs to the mass consumer market and proved the profitability of EVs.
3. Elon Musk was essential to the success of SpaceX and Tesla.
4. Tesla now has fierce competition in the category it defined: EVs.
5. Tesla has undergone revenue and profit reduction.
6. While it experiences promise in alternate product lines, Tesla is not a market leader in robotics (Unitree, Boston Dynamics) or self-driving cars (Baidu, Waymo). Tesla reported profit growth in residential solar and residential power storage, but the revenues from these verticals are dwarfed by other segments.
7. The trend over the past decades is Elon Musk being successful at innovating in underserved parts of the market.
8. Elon Musk is not currently pursuing any underserved parts of the market.
And man behind the cybertruck has not earned the presumption that he has a secret plan. If it looks like things are going poorly, they probably are.
But Tesla and SpaceX are different companies