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Meanwhile, TSLA is up 2% pre market.
by mjhagen 3y ago
Meanwhile, TSLA is up 2% pre market.
- manuelabeledo 3y agoFurther evidence that its product is the stock.
- misiti3780 3y agowhat does that even mean ?
- Workaccount2 3y agoThe people buying Tesla stock buy it because it just goes up, regardless of the health or future of the underlying company.
- sebzim4500 3y agoEither that or a defect in a single car is not going to affect the value of a company that sells millions of cars a year
- misiti3780 3y agoThe share price hasn't only risen; over the past two years, it has fluctuated between $100 and $400 per share. Also - one defect means absolutely nothing. They make solid cars, everyone that owns one knows that.
- manuelabeledo 3y ago> They make solid cars, everyone that owns one knows that. Data seems to disagree with this statement [0] Tesla is also notorious for glaring QC issues, like missing bits and obvious panel gaps. [0] https://www.forbes.com/sites/edgarsten/2023/02/09/tesla-tanks-while-industry-improves-in-long-term-dependability-study/?sh=8ab6a241ff5f https://www.forbes.com/sites/edgarsten/2023/02/09/tesla-tank...
- misiti3780 3y agoIf Tesla cars were such POS, they wouldnt be growing 50% Q/o/Q. They have the most popular selling cars in multiple countries (Model Y). The news picks up on the .0001% of problems and those customers are always the loudest (understandably). For ever cracked front casking, there are tens of thousands of solid castings. Austin alone makes 5K Ys per week. https://www.teslarati.com/tesla-giga-texas-5000-unit-weekly-production-rate/#:~:text=Tesla%20Giga%20Texas%20has%20reached,capacity%20with%20the%20Model%20Y https://www.teslarati.com/tesla-giga-texas-5000-unit-weekly-....
- manuelabeledo 3y agoThe article references a study by J.D. Power, which runs every year or so. Hardly newsworthy. > If Tesla cars were such POS, they wouldnt be growing 50% Q/o/Q. They have the most popular selling cars in multiple countries (Model Y). What kind of argument is this? Shake Shack is one of the fastest growing fast food chains, yet they sell crappy, unhealthy food. Xiaomi arguably makes phones that aren't as good as Samsung or Apple, yet they are the fastest growing manufacturer.
- misiti3780 3y agoShake Shack serves delicious food. No one with a reasonable understanding would visit expecting healthy food. Before criticizing them, try launching a burger joint in the highly competitive US market of 2023 and see if you can achieve the same growth as Shake Shack. It's a bit harder than creating a CRUD app.
- manuelabeledo 3y ago> Shake Shack serves delicious food. See, you lost me there already. Point is, even if you like it, it is still crappy food. It is just another example of how a product that is objectively bad for its customers, can succeed in the market. Tesla quality control is quantitatively worse than of more traditional brands like Honda. Finishes in Tesla cars are also quite a bit worse than other cars in the same category. I’m glad that you are enjoying your Tesla, but reality is what it is.
- FredPret 3y agoOne cracked casting will not move the stock. One million, maybe. $TSLA is a big company.
- manuelabeledo 3y agoMusk surely seems more interested in pumping up the stock than actually addressing quality issues.
- FredPret 3y agoYou're right that a higher market cap is one definition of success. Keeping it high is another. Electrification of human transport is another. I suspect he wants it all, and having a higher market cap right now is a way to get the other two - TSLA raised a massive amount of capital off of their high valuation.