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I've been both a shareholder (since 2013) and customer of Tesla, and probably won't buy one of their products again. I feel deceived about spending over $5k on

by pavlov 5y ago

I've been both a shareholder (since 2013) and customer of Tesla, and probably won't buy one of their products again. I feel deceived about spending over $5k on that "full self-driving" package that three years later still does nothing of the sort. The fact that I made a little money on Elon's coattails doesn't make it OK for him to constantly lie to customers.

cactus2093 5y ago
150x on your investment in 9 years is more than "a little money".
- dwighttk 5y ago
  ~10x? Or were there a lot of splits my numbers aren’t showing?
  - cecilpl2 5y ago
    Depends on when you bought in 2013. I bought in early 2013 at $32 (pre-split), for about 200x. If you bought late in 2013 you probably paid ~$180, for only 30x.
- pavlov 5y ago
  It was a very good return on a small investment. I mostly missed the post-pandemic boom selling too early, so I guess I made around 20-30x overall. Doesn't change my opinion of Musk's practices. If he's selling very expensive features that are actually donations into the hopes & dreams tip jar, it should be clearly marked as such.
Sohcahtoa82 5y ago
I bought a Tesla in 2019 and chose not to buy FSD because I knew it wasn't implemented yet and won't be for several years. If you thought you were going to get FSD any time soon, you weren't paying attention.
- pavlov 5y ago
  Paying attention to what? The lackluster sensor hardware on the Model 3? I guess I wasn't paying enough attention to that at the time. That's not some kind of consumer protection escape hatch, though: "Yeah, we sold them software that will never exist, but because it's actually impossible to implement on our hardware, it's their fault for buying it."
  - Sohcahtoa82 5y ago
    I disagree with the idea that the hardware isn't adequate. I think it is, but that the software is much harder than Elon thinks, and even after nearly 10 years, he still hasn't learned how hard it is. I think the software WILL eventually exist. Just not on the timeline Elon thinks it will.
- mypalmike 5y ago
  Maybe Musk himself wasn't paying attention? "I would be shocked if we do not achieve full-self-driving safer than a human this year. I would be shocked." - Musk in a 2021 earnings call.

by pavlov 5y ago

cactus2093 5y ago

150x on your investment in 9 years is more than "a little money".

dwighttk 5y ago
~10x? Or were there a lot of splits my numbers aren’t showing?
- cecilpl2 5y ago
  Depends on when you bought in 2013. I bought in early 2013 at $32 (pre-split), for about 200x. If you bought late in 2013 you probably paid ~$180, for only 30x.
pavlov 5y ago
It was a very good return on a small investment. I mostly missed the post-pandemic boom selling too early, so I guess I made around 20-30x overall. Doesn't change my opinion of Musk's practices. If he's selling very expensive features that are actually donations into the hopes & dreams tip jar, it should be clearly marked as such.

Sohcahtoa82 5y ago

I bought a Tesla in 2019 and chose not to buy FSD because I knew it wasn't implemented yet and won't be for several years. If you thought you were going to get FSD any time soon, you weren't paying attention.

pavlov 5y ago
Paying attention to what? The lackluster sensor hardware on the Model 3? I guess I wasn't paying enough attention to that at the time. That's not some kind of consumer protection escape hatch, though: "Yeah, we sold them software that will never exist, but because it's actually impossible to implement on our hardware, it's their fault for buying it."
- Sohcahtoa82 5y ago
  I disagree with the idea that the hardware isn't adequate. I think it is, but that the software is much harder than Elon thinks, and even after nearly 10 years, he still hasn't learned how hard it is. I think the software WILL eventually exist. Just not on the timeline Elon thinks it will.
mypalmike 5y ago
Maybe Musk himself wasn't paying attention? "I would be shocked if we do not achieve full-self-driving safer than a human this year. I would be shocked." - Musk in a 2021 earnings call.