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I don't think anyone who is paid to listen to these calls is ready to believe statements by Elon Musk about the imminent relevance of FSD. You only have to spea
by jeffbee 3y ago
I don't think anyone who is paid to listen to these calls is ready to believe statements by Elon Musk about the imminent relevance of FSD. You only have to speak to literally anyone else to find out that Tesla has no legitimate self-driving technology whatsoever. The mere fact that Musk tried to hype FSD on the earnings call is a huge red flag. It means the core business is weak.
- cchance 3y agoThey talk about FSD because each release allows them to write down more of it as more features come online, its not a huge red flag its a fact the NN release is currently happening first release to customers finally went out.. The funny part is how much the growth in their fixed battery storage and production got overlooked by the investors.
- jeffbee 3y agoI don't see it as a positive. There are a zillion established players, including LG and Tesla's own major partner, Panasonic, in the BESS market and going head-to-head with them just results in commodification. Moving capacity into zero-margin lines of business is not a growth story.
- JumpCrisscross 3y ago> the growth in their fixed battery storage and production This isn’t a 50+x earnings business, though. It’s a great business. But not a high-margin high-scale big-ass moat one.