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When Tesla's sky-high P/E was predicated on software supremacy. I was informed self-driving robotaxis would be a multi-billion dollar industry that Tesla and Ub
by sangnoir 4y ago
When Tesla's sky-high P/E was predicated on software supremacy. I was informed self-driving robotaxis would be a multi-billion dollar industry that Tesla and Uber would dominate, destroying legacy automakers in the process. This was back when Uber had a self-driving program, it's been downhill since. TO answer your question more concretely: I'd say since 8-10 years ago.
- Karellen 4y agoI mean, maybe? But, like, that's after they were making EVs. The roadster was announced in 2006, and started production in 2008 - 15 years ago. They went from making EVs, which are cars with some software inherently in them, to making different cars with even more software in them. They're a car company first, who have been increasing the amount of software they've written to put in their cars. The comment I was replying to was suggesting they were a software company first, which then pivoted to making cars. Which is... just... what?!? Yes, you technically answered my question, so thanks for taking the time and making the effort and whatever, but just not in a way that is actually helpful in the context that I asked it.
- sangnoir 4y agoI suspect there's a semantic collision on the meaning of first: it can refer to temporal ordering (occured before other events), first can also also refer to primacy/importance (which was my reading. i.e. to be read as "Tesla is fundamentally a software company which happens to sell cars." A take I never agreed with, but was the basis of the overvaluation.)