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He thinks Tesla is a complete scam for one thing... Probably not a good idea to spend time on any of his comments.
by ChrisClark 5y ago
He thinks Tesla is a complete scam for one thing... Probably not a good idea to spend time on any of his comments.
- smcl 5y agoHm ok, well while I don't think Tesla can really be called a scam I definitely think it's overvalued
- rvnx 5y agoCan we talk about Dogecoin and similar ?
- smcl 5y agoWith Dogecoin and friends we're entering scam territory. But really I was curious because it sounded like the GDC7 was suggesting there were multiple trillion-dollar scam companies. The reason I commented was that while I think there are a lot of ridiculously valued companies, I'm not so sure we can consider many of them a "scam".
- swarnie 5y agoWe could bring up a million shitcoins and scams but then we'd be here all day. If you really want to chuck a hand grenade at the crypto-cultists ask them to rationalise Tether.
- lootsauce 5y agoEnron was not a scam until it was.
- createunderrate 5y agoI assume you are short selling Tesla then?
- deleted 5y ago[deleted]
- smcl 5y agoAssume what you like
- swarnie 5y agoScam is the wrong word... Mispriced and intentional pumped would be two more accurate ones. A company which produces 1% of all global cars is worth more then the companies who produce 90% combined? Sounds legit. Next you'll be telling me a company which has only shipped 160 trucks to employees is worth 100bn... Oh wait...
- smcl 5y agoOk now we're in scam territory, Nikola was clearly a scam and overvalued. But it wasn't anywhere near a trillion dollars. If the original comment was just exaggerating for effect, then fair enough. I was genuinely curious by the possibility of not only one trillion dollar scam company, but many.
- Schroedingersat 5y agoTesla is a surveillance company. Their product isn't a car in the traditional sense, it's a worldwide video feed of public roads, and complete surveillance of the people with the highest disposable income along with a variety of ways of coercing them into shelling out for upgrades every time they come up with a new shiny. So don't compare them with toyota, compare them with apple and it makes a lot more sense. All the top tech companies work the same way. Vendor and ecosystem lockin, forced depreciation of old products that aren't currently extracting profit, and selling surveillance.
- Fazel94 5y agoMost of its value comes from the hype of 400k electric charging stations promised by the US, i.e. promise of growth, that attract money, and money attracts money, and free money paid as PPP creates even more money. One quarter it was going negative on profits, so he pump and dumped crypto to keep it positive and the hype going. It either produce most of the world's cars or it is going to fall out and I hope we wouldn't be the one facing the consequences, but we will :))