On Tesla, that's easy, relative valuation[1]. I called this level in October[0] It's no longer being priced as a miracle-maker, FSD, semis, scale, supercharger

On Tesla, that's easy, relative valuation[1]. I called this level in October[0] It's no longer being priced as a miracle-maker, FSD, semis, scale, superchargers, powerwall. The government isn't buying it[2], Tesla isn't outfitting PG&E/ERCOT flaming infrastructure with batteries to prevent people from freezing to death. They're not really F+HON+XOM+Xylinx+X-Parc, and loud activists want them to just be F. Now the real question: does "making a car" really still look like an appealing growth tactic for Tim Apple to deliver shareholder return?[3] Knowing all this makes me want to gouge my eyes out, unfortunately. They'll obviously pull through with their lowish debts, I think Musk is more aware of the gems in their mine than he lets on. [0] https://news.ycombinator.com/item?id=33211504 https://news.ycombinator.com/item?id=33211504 [1] https://traffic.megaphone.fm/WSJ9258707464.mp3?updated=1641605508 https://traffic.megaphone.fm/WSJ9258707464.mp3?updated=16416... [2] https://oshkoshdefense.com/usps-selects-oshkosh-defense-for-next-generation-delivery-vehicle-fleet/ https://oshkoshdefense.com/usps-selects-oshkosh-defense-for-... [3] https://www.cnbc.com/2021/04/05/tim-cook-interview-apples-car-plans-and-thoughts-on-elon-musk.html https://www.cnbc.com/2021/04/05/tim-cook-interview-apples-ca...