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What's the explanation for keeping the hold rating? Some cognitive bias surely.
by bdjsiqoocwk 2y ago
What's the explanation for keeping the hold rating? Some cognitive bias surely.
- altacc 2y agoI imagine that as FSD as perceived by the name has never been delivered that has always been factored into analysts decisions. If it was either suddenly either working as expected, or removed from every Tesla, then I imagine there would be an effect on the rating & share price.
- FireBeyond 2y agoI'd say more "He realizes FSD is nowhere near ready. He also realizes that there is a not-insignificant part of the populace who believe Musk every time he throws another '3-6 months' out to appease people." so from a financial perspective, it still (unfortunately) makes sense, because no-one with any influence is willing to call out the BS.
- bdjsiqoocwk 2y agoI mean yes, of course I agree with you. I just expected a professional analyst to be less reckless, but maybe I'm just naive.