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People who can't think for themselves will happily parrot anything they've heard to mask their ignorance.

ben_w 2y ago
Moving to a new country with a different national language has given me a direct personal appreciation for what Dunning Kruger feels like from the inside. Some may parrot for tribal reasons, but there's a huge number who have a superficial knowledge and it simply doesn't occur to them how deep their ignorance is — tribalism is one way critics are equal to fans in Musk's case (and not just that Musk's fans are parroting his shallow criticisms of everyone else), but the DK part applies to all of us. Even me pointing at P/E ratios here is merely one step up the ladder from looking at the share price, it's not a deep analysis, just a santiy check.
- enslavedrobot 2y ago
  Having owned a ton of Tesla stock since 2018. I can tell you that your P/E analysis is very shallow. Anyone looking to determine the value of the company should at the very least read and understand the Tesla Master Plan 3 document. Their execution vs that plan is an actual metric you can use to project the future value of the company.
  - oblio 2y ago
    LOL. That's a generic description of the energy transition. It's not like the rest of the world is blind. Chinese companies are the champions of battery and solar panel manufacturing. Every major economy has major electric car manufacturers, China is ahead of everyone. Tesla's batteries are made in collaboration with LG Chem and someone else, I forgot who exactly. Your point is that you're expecting Tesla to monopolize the global energy storage and usage markets? It ain't working, if that's the plan. If reason returns, Tesla should probably be valued at less than Kia or Hyundai.
    - enslavedrobot 2y ago
      It's a description of Tesla's future business direction and a metric against which you can value the company. That's how you make meaningful models and value a business. P/E is meaningful only in context. Buying stocks based on PE is a very good way to lose money.
      - oblio 2y ago
        And my point is that even with "their future business direction", their valuation makes no sense.

Moving to a new country with a different national language has given me a direct personal appreciation for what Dunning Kruger feels like from the inside. Some may parrot for tribal reasons, but there's a huge number who have a superficial knowledge and it simply doesn't occur to them how deep their ignorance is — tribalism is one way critics are equal to fans in Musk's case (and not just that Musk's fans are parroting his shallow criticisms of everyone else), but the DK part applies to all of us. Even me pointing at P/E ratios here is merely one step up the ladder from looking at the share price, it's not a deep analysis, just a santiy check.

enslavedrobot 2y ago
Having owned a ton of Tesla stock since 2018. I can tell you that your P/E analysis is very shallow. Anyone looking to determine the value of the company should at the very least read and understand the Tesla Master Plan 3 document. Their execution vs that plan is an actual metric you can use to project the future value of the company.
- oblio 2y ago
  LOL. That's a generic description of the energy transition. It's not like the rest of the world is blind. Chinese companies are the champions of battery and solar panel manufacturing. Every major economy has major electric car manufacturers, China is ahead of everyone. Tesla's batteries are made in collaboration with LG Chem and someone else, I forgot who exactly. Your point is that you're expecting Tesla to monopolize the global energy storage and usage markets? It ain't working, if that's the plan. If reason returns, Tesla should probably be valued at less than Kia or Hyundai.
  - enslavedrobot 2y ago
    It's a description of Tesla's future business direction and a metric against which you can value the company. That's how you make meaningful models and value a business. P/E is meaningful only in context. Buying stocks based on PE is a very good way to lose money.
    - oblio 2y ago
      And my point is that even with "their future business direction", their valuation makes no sense.