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Ahh yes the future where we've already priced in the destruction of our planet due to global warming but somehow the valuations keep increasing. But I am rantin

Ahh yes the future where we've already priced in the destruction of our planet due to global warming but somehow the valuations keep increasing. But I am ranting again... as for Tesla... It's all this frothy fed money and Elon, the guy steering the damned ship, doesn't even think the value is warranted. He's been saying for a year that the company literally cannot live up to the hype and the price will need to correct. I think investors are going to lose out big and Elon is going to look like the bad guy. After all, he kept irresponsibly using the Reality Distortion Field Generator which Jobs, peace be upon him, left him in his estate. In the year 2017, Musk claimed that by 2019, the world would have cars that can drive itself while the passenger sleeps. He just didn't mention it would drive you into a highway divider head-on at 80mph. Damn these rants.

kjksf 6y ago
"frothy fed money" doesn't explain anything because it doesn't seem to flow to companies that are other than Tesla. And you're mis-representing what Musk says or thinks. He tweeted, once, "the stock price is too high". That's it. It could have been a joke. It certainly doesn't imply that he doesn't think the value is unwarranted. As to "but Elon said..." blame game, here's Ford, in 2016, saying they'll have self driving cars in 2021: https://www.nytimes.com/2016/08/17/business/ford-promises-fleets-of-driverless-cars-within-five-years.html https://www.nytimes.com/2016/08/17/business/ford-promises-fl... Tesla just released FSD beta, capable of doing fully intervention-less drives (sometimes). What does Ford has today?
- Muanh 6y ago
  Stock price to high could have been a reference to the future stock split.
- deleted 6y ago
  [deleted]
nickik 6y ago
What Elon actually said, if you would listen to him and not just over react to tweets as you seem to do, you would know that what he said was 'Tesla currently doesn't justify that stock price, you have to believe in its future execution' and he also added 'I believe we will get there and eventually the stock will be higher then it is now'. And its also funny that people relentlessly shit on Elon for the few predictions he has gotten wrong, and ignore all the correct predictions. Funny how that works when you constantly prove everybody wrong but nobody remembers all those idiots who were wrong. Elon himself says he is giving median outcome predictions, half of his predictions are assumed by him to be wrong. Also funny how one accident of a system that save countless lives is used to shit on him, but giving him credit for the countless lives that the system saved are ignored. You should reevaluate your priorities.
- birdyrooster 6y ago
  I only paid attention to his predictions that get people killed. When you have predictions that bad you should just stop predicting.
  - nickik 6y ago
    It was not a system designed to drive by itself, it was a lane assist tool. If the person falls asleep, any such lane assists would eventually lead to an accidents. Road network are dangerous. And to simply ignore that the same system has saved a lot of people is just ignorant way to preserve your worldview.
    - birdyrooster 6y ago
      I haven’t found any independent study that concludes this, can you forward your sources?

kjksf 6y ago

"frothy fed money" doesn't explain anything because it doesn't seem to flow to companies that are other than Tesla. And you're mis-representing what Musk says or thinks. He tweeted, once, "the stock price is too high". That's it. It could have been a joke. It certainly doesn't imply that he doesn't think the value is unwarranted. As to "but Elon said..." blame game, here's Ford, in 2016, saying they'll have self driving cars in 2021: https://www.nytimes.com/2016/08/17/business/ford-promises-fleets-of-driverless-cars-within-five-years.html https://www.nytimes.com/2016/08/17/business/ford-promises-fl... Tesla just released FSD beta, capable of doing fully intervention-less drives (sometimes). What does Ford has today?

Muanh 6y ago
Stock price to high could have been a reference to the future stock split.
deleted 6y ago
[deleted]

nickik 6y ago

What Elon actually said, if you would listen to him and not just over react to tweets as you seem to do, you would know that what he said was 'Tesla currently doesn't justify that stock price, you have to believe in its future execution' and he also added 'I believe we will get there and eventually the stock will be higher then it is now'. And its also funny that people relentlessly shit on Elon for the few predictions he has gotten wrong, and ignore all the correct predictions. Funny how that works when you constantly prove everybody wrong but nobody remembers all those idiots who were wrong. Elon himself says he is giving median outcome predictions, half of his predictions are assumed by him to be wrong. Also funny how one accident of a system that save countless lives is used to shit on him, but giving him credit for the countless lives that the system saved are ignored. You should reevaluate your priorities.

birdyrooster 6y ago
I only paid attention to his predictions that get people killed. When you have predictions that bad you should just stop predicting.
- nickik 6y ago
  It was not a system designed to drive by itself, it was a lane assist tool. If the person falls asleep, any such lane assists would eventually lead to an accidents. Road network are dangerous. And to simply ignore that the same system has saved a lot of people is just ignorant way to preserve your worldview.
  - birdyrooster 6y ago
    I haven’t found any independent study that concludes this, can you forward your sources?