6 ms·

> You think it's all games? Yes, because I'm talking about the valuation which is completely divorced from fundamentals and entirely based on Musk's hype of no

> You think it's all games? Yes, because I'm talking about the valuation which is completely divorced from fundamentals and entirely based on Musk's hype of non-existent products like robotaxis and the cyber truck. They're a small, boutique car manufacturer with a $769B market cap. To put things into perspective, GM has a market cap of $51.5B.

panick21_ 3y ago
Cybertruck is literally in production. The idea that its 'not real' is some conspiracy theory nonsense. Yes it was late, but claiming it doesn't exist is just stupid. They are not actually 'small' anymore, they are at a 2 million a year run rate and growing. > GM has a market cap of $51.5B Yes and have you considered why that is? Look at how many vehicles GM sold in 2008 and then now, it continues to go down. They are retreating from markets. Their EV division has been a complete failure with their ultium platform barley producing a few 1000 cars. They are surviving because of ICE SUV/Pickups in the US market but have basically no chance to do much beyond that. And that market is under massive attack over the next half decade.
- bluefishinit 3y ago
  > Cybertruck is literally in production. The idea that its 'not real' is some conspiracy theory nonsense. It's not real. You can't buy it, it has no credible deadline for shipping. > GM has a market cap of $51.5B > Yes and have you considered why that is? Yes, the fundamentals of their business dictate this market valuation. Unlike Tesla where the price is dictated by Elon's pumping (and occasional dumping).
  - panick21_ 3y ago
    [flagged]
    - bluefishinit 3y ago
      So when can I buy a cybertruck then?
      - panick21_ 3y ago
        [flagged]
    - nickthegreek 3y ago
      Are the trucks in peoples possession? I think that is what OP is getting at. As a buyer who needs a car, do I know when one will show up to my door? That is literally what matters. Apple Vision Pro "exists", but that's worthless until its in customers hands.
      - panick21_ 3y ago
        [flagged]

panick21_ 3y ago

Cybertruck is literally in production. The idea that its 'not real' is some conspiracy theory nonsense. Yes it was late, but claiming it doesn't exist is just stupid. They are not actually 'small' anymore, they are at a 2 million a year run rate and growing. > GM has a market cap of $51.5B Yes and have you considered why that is? Look at how many vehicles GM sold in 2008 and then now, it continues to go down. They are retreating from markets. Their EV division has been a complete failure with their ultium platform barley producing a few 1000 cars. They are surviving because of ICE SUV/Pickups in the US market but have basically no chance to do much beyond that. And that market is under massive attack over the next half decade.

bluefishinit 3y ago
> Cybertruck is literally in production. The idea that its 'not real' is some conspiracy theory nonsense. It's not real. You can't buy it, it has no credible deadline for shipping. > GM has a market cap of $51.5B > Yes and have you considered why that is? Yes, the fundamentals of their business dictate this market valuation. Unlike Tesla where the price is dictated by Elon's pumping (and occasional dumping).
- panick21_ 3y ago
  [flagged]
  - bluefishinit 3y ago
    So when can I buy a cybertruck then?
    - panick21_ 3y ago
      [flagged]
  - nickthegreek 3y ago
    Are the trucks in peoples possession? I think that is what OP is getting at. As a buyer who needs a car, do I know when one will show up to my door? That is literally what matters. Apple Vision Pro "exists", but that's worthless until its in customers hands.
    - panick21_ 3y ago
      [flagged]