Comment by toomuchtodo
15 hours ago
Tesla got the job done, which was empower Musk, not manufacture EVs at scale. The stock is the product.
15 hours ago
Tesla got the job done, which was empower Musk, not manufacture EVs at scale. The stock is the product.
Maybe I’m just naive enough, because I love cars and progress, but I think you agree that he really showed our whole small world that EV can exist and work. Everyone laughed, no one believed it will work and here he still is rich and we have Teslas everywhere. Driving, not killing more people than other brands.
Except that the Model Y accounts for more fatalities than any other car out there.
Going to need a citation on this one.
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> The stock is the product.
Musk reeks of scam. But for a stock pump and dumb scheme there sure are a lot of teslas on the road.
Tesla sold 1.7M cars in 2024. Toyota sold 11.1M cars in 2024.
Tesla’s current market cap is $1.43T. Toyota’s current market cap is $354B.
There really aren’t that many teslas on the road, and their sales are declining.
This kind of maybe made sense for a while their revenue was growing at a very fast pace but now that its stagnant/falling they are no different to any other car company.
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Tesla stock isn't valued as a car company
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While you're correct on the one hand, Tesla made EVs feasible and mainstream, did the investments and caused a rolling effect of worldwide investments in e.g. batteries and EVs, and government subsidies that also made investing in EVs more attractive to competitors.
Besides EVs, Tesla's long term revenue could very well be in the supercharger network, too. It's not as exciting as self driving cars, but the oil companies have been the most valuable companies / stocks worldwide without being exciting like that. I mean I don't think EV charging will be anywhere near as big as oil because it doesn't involve nearly as much infrastructure or international trade, but it's still big, especially if governments refocus on replacing ICEs with EVs.
(the focus has been let go because the subsidies were too popular and expensive)
I agreed on the supercharger network, which made it pretty surprising when Musk fired the entire supercharger team.
Has it all really been just one giant grift to steal every Americans social security number.
And what would he do with them?
The same systems had labor board whistleblower info.
Why would musk love to identify (or at a minimum, but a huge chilling effect on) labor board whistleblowers? The world may never know.
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Try to impair democracy through election denial groups? Absolute power and all that jazz.
https://storage.courtlistener.com/recap/gov.uscourts.mdd.577...
> The unnamed employees secretly conferred with a political advocacy group about a request to match Social Security data with state voter rolls to "find evidence of voter fraud and to overturn election results in certain States," the filing said. It remains unclear whether any data actually went to this group.
“Maybe you do not care much about the future of the Republican Party. You should. Conservatives will always be with us. If conservatives become convinced that they can not win democratically, they will not abandon conservatism. The will reject democracy.” —- David Frum
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