Comment by jopsen
14 hours ago
> 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.
14 hours ago
> 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.
I wonder if this coincides with Musk getting into politics? Never a good choice to alienate half your customer base. Michael Jordan famously said he never got into politics because "Republicans buy sneakers, too."
Tesla stock isn't valued as a car company
Which is exactly the problem.
The stock is priced on expectations of how many humanoid robots they might sell over the next decade.
Those expectations in turn treat humanoid robotics as if Tesla is the only game in town, when Tesla's Optimus is not yet available for purchase and other companies already ship.
Then someone brings up the value of Tesla's AI to those robots, and here's my response to that to save re-writing it: https://news.ycombinator.com/item?id=46799603
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