4 ms·

Elon Musk was the best snake oil salesman in the world.

CamperBob2 3y ago
Yeah, you're right. We should've left the EV revolution up to General Motors to kick off. They were almost ready, they swear!
- deleted 3y ago
  [deleted]
- FirmwareBurner 3y ago
  Ah, yes, please hit me with your invisible straw men. Elon Musk didn't invent EVs or Tesla, he bought it. Not saying Tesla is bad, but its market value was completely pumped up by Elon's tactics of turning $TSLA into a hype driven speculative asset like Dogecoin versus gaining it from achieving sales succes on its own.
  - CamperBob2 3y ago
    (Shrug) They shipped a lot of electric cars. What have you done lately?
    - CamperBob2 3y ago
      Yeah, I thought so.
  - bdcravens 3y ago
    > but its market value was completely pumped up by Elon's tactics of turning $TSLA into a hype driven speculative asset like Dogecoin versus gaining it from achieving sales succes on its own There's no shortage of companies, many of which HN readers are employed by, that did the same. I'm no fan of Elon - I cancelled a Model 3 order and went with an EV6. However you only have to drive around on the freeway for a few minutes to see the success Tesla has had, despite their stock price or how shitty of a dude Elon is.
  - panick21_ 3y ago
    Musk was about to fund his own EV startup when he was company that had just started to do the same thing. That company had no interest from investors and was shortly gone go down the shitter, literally dead in the water. So Musk showed up, financed it himself and he brought easily the most important engineer, JB Strauble, with him. > hype driven speculative asset like Dogecoin Then you made a killing on shorting it? If you knew so much better then the market? Because Tesla stock was super high when pretty much all EV stocks were incredibly high. And all companies around that industry (and others) came back down. But its also not like Tesla collapsed to some historic lows after that. And if you look at actual Wallstreet annalists from that time period you will see that most of the valuations wasn't based on some speculative FSD stuff. It was mostly based on their production, margin and growth. > versus gaining it from achieving sales succes on its own. So it had nothing to do with going from a 1000 cars a year to 2 million cars a year, and while doing that having highly positive margin in an industry where (almost) nobody else makes positive margin on EV, and at the same time also continuing to grow fast? All of those things simply happened because of hype like Dogecoin? Are you serious?

Yeah, you're right. We should've left the EV revolution up to General Motors to kick off. They were almost ready, they swear!

deleted 3y ago
[deleted]
FirmwareBurner 3y ago
Ah, yes, please hit me with your invisible straw men. Elon Musk didn't invent EVs or Tesla, he bought it. Not saying Tesla is bad, but its market value was completely pumped up by Elon's tactics of turning $TSLA into a hype driven speculative asset like Dogecoin versus gaining it from achieving sales succes on its own.
- CamperBob2 3y ago
  (Shrug) They shipped a lot of electric cars. What have you done lately?
  - CamperBob2 3y ago
    Yeah, I thought so.
- bdcravens 3y ago
  > but its market value was completely pumped up by Elon's tactics of turning $TSLA into a hype driven speculative asset like Dogecoin versus gaining it from achieving sales succes on its own There's no shortage of companies, many of which HN readers are employed by, that did the same. I'm no fan of Elon - I cancelled a Model 3 order and went with an EV6. However you only have to drive around on the freeway for a few minutes to see the success Tesla has had, despite their stock price or how shitty of a dude Elon is.
- panick21_ 3y ago
  Musk was about to fund his own EV startup when he was company that had just started to do the same thing. That company had no interest from investors and was shortly gone go down the shitter, literally dead in the water. So Musk showed up, financed it himself and he brought easily the most important engineer, JB Strauble, with him. > hype driven speculative asset like Dogecoin Then you made a killing on shorting it? If you knew so much better then the market? Because Tesla stock was super high when pretty much all EV stocks were incredibly high. And all companies around that industry (and others) came back down. But its also not like Tesla collapsed to some historic lows after that. And if you look at actual Wallstreet annalists from that time period you will see that most of the valuations wasn't based on some speculative FSD stuff. It was mostly based on their production, margin and growth. > versus gaining it from achieving sales succes on its own. So it had nothing to do with going from a 1000 cars a year to 2 million cars a year, and while doing that having highly positive margin in an industry where (almost) nobody else makes positive margin on EV, and at the same time also continuing to grow fast? All of those things simply happened because of hype like Dogecoin? Are you serious?