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Okay. You want me to delete the prev comment? I think I have a real comment in there somewhere, but yeah, it came out pretty snarky. I think the point I migh
by retrocryptid 2y ago
Okay. You want me to delete the prev comment?
I think I have a real comment in there somewhere, but yeah, it came out pretty snarky.
I think the point I might have been getting at was this might be the result of unfulfilled FSD/robotaxi hype. Tesla started as a cool car company, but definitely a "car" company, competing with Ford, GM, Stellantis, etc.
Over time, more of the story about the company and its products was the robotaxi narrarive. By the end of 2020, the stock price had rocketed up partially for macro reasons, but largely for expectations of sales of FSD/robotaxi capabilities. Or at least that's my perception. Tesla fans I talked to all repeated the robotaxi story... "any day now, FSD is going to let me rent out my car as a taxi while I work. I'll actually make money from owning my Tesla!" It's 2024 and the last I heard was the robotaxi demo is again delayed and while FSD is running over fewer people than in the past, it still may be a ways away. From that perspective, robotaxi in 2020 was hype.
In other words, TLSA's stock price was inflated by hype in 2020, not completely unlike tech securities in the late 90s.
A 45% hit in per-share profit is not surprising given the vaporware nature of the cybertruck in the early 2020s and robotaxi/FSD capabilities.
But my main point is it is disappointing to see a once-innovative firm resorting to what feels like DotCom era hype.
- dang 2y agoNo need to delete! but your reply is an excellent example of the 'rebound' theory*: the explanations that users post in response to a moderation reply are often the the thoughtful, substantive comment they should have posted in the first place. If only we had a way to jump past the first two steps of that cycle... * https://hn.algolia.com/?dateRange=all&page=0&prefix=true&query=by%3Adang%20rebound&sort=byDate&type=comment https://hn.algolia.com/?dateRange=all&page=0&prefix=true&que...