2 ms·
Seems like big investors also fall easily for the Sunken Cost fallacy. Instead of a fire sale as we'd expect they prefer to trust yet again Elon's words, the sa
by piva00 3y ago
Seems like big investors also fall easily for the Sunken Cost fallacy. Instead of a fire sale as we'd expect they prefer to trust yet again Elon's words, the same person saying that FSD will become a reality in the next 3-6 months for the past 8 years...
My belief is that Elon himself is in a tight spot now, if Tesla's financials continue to falter he will lose the last bit of trust which will probably unwind it all, probably including ouster him as CEO. He keeps promising dreams (FSD and robotaxis, Cybertruck, etc.) and not delivering them, instead he's losing public trust and respect, at some point the chickens will come home to roost.