Comment by bayindirh

Most of the people are bashing Tesla because they 1) Overpromised and underdelivered 2) They claimed/acted like they're so ahead that nobody can touch them.

Now, other automakers are closing the gap fast, and their overpromise of camera-only FSD is reaching Duke Nukem Forever levels, while other automakers use a diversified sensor set with more conservative autonomy levels because they value human lives more than playing fast and loose (plus, they are scrutinized way more heavily for various right and wrong reasons).

For me, it's not hatred, but I saw that they were hyped a bit too much and need some correction, and this correction is coming hard for them.

Valuations means nothing except investor trust. We have seen some spectacular collapses under unbelievable valuations. Theranos had a valuation of $9 billion. Tesla is not a scam or balloon per se, but they were a bit too overconfident of their moat.