4 ms·
> I hope that Tesla will change its top management asap. Change it to who? Their price to earnings is like 100x. The entire market cap is built by Elon's non-
by lesuorac 2y ago
> I hope that Tesla will change its top management asap.
Change it to who?
Their price to earnings is like 100x. The entire market cap is built by Elon's non-stop hyping of FSD / Robo-Taxi / etc. We gunna resurrect Billy Mays here to do the marketing?
The entire executive office is just dumping their Tesla stock, they know the company has no value and if they get rid of Musk it's probably a nail in the coffin for the stock price.
- croes 2y agoSo market cap is based on exaggerations and lies. Not a good long term strategy. Maybe that‘s the reason for Musk‘s turn into politics. Use his power as long as it exists
- FirmwareBurner 2y ago>So market cap is based on exaggerations and lies. Market cap is defined by whatever stock buyers decide to justify their purchase. If people keep buying the stock to get it to the moon because of whatever hype, what else matters?
- croes 2y agoit distorts the market to the detriment of honest manufacturers ... and we would probably have been spared Trump
- FirmwareBurner 2y agoSo the government should stop people buying certain stocks they want, based on some criteria?
- deleted 2y ago[deleted]
- daveguy 2y agoCongratulations. That may be the most ridiculous strawman non-sequiteur I have ever read on HN. Truly reddit worthy.
- FirmwareBurner 2y ago- sent from my iPhone
- acdha 2y agoFalse claims would be good criteria. Tesla’s stock price massively benefited from “Full Self-Driving” hype over a decade of unkept promises; having penalties for misleading investors would help a lot of industries.
- FirmwareBurner 2y ago>False claims would be good criteria. OK, what false claims did crypto make to justify its valuation? What false claims did tulips make? What if a large part of the stock market is more people gambling or FOMO herd mentality rather than calculated choices? You don't have to justify stock valuations the same way you can't rationalize peoples' behavior and that's what stock values reflect. Just stay way from high risk meme stocks. >Tesla’s stock price massively benefited You mean the investors have benefited. Which is why they invested in Tesla stock to begin with.
- acdha 2y agoCryptocurrencies aren’t regulated securities. They arguably should be but this is a weird distraction from the question of whether someone who did make false claims in a regulated context should be held accountable.
- FirmwareBurner 2y agoSure, but my point was how do you plan on stopping people from speculating on assets?
- Tadpole9181 2y agoSeriously, now we're arguing that it should be legal to defraud investors by lying to them about the state of the business?
- AnimalMuppet 2y agoYou don't stop the buyer from buying on speculation about what the business might become. The buyer can do whatever they want based on whatever rationalization they want. You stop the seller from pumping up the stock price based on lies.
- pjc50 2y ago> if they get rid of Musk it's probably a nail in the coffin for the stock price. It's already significantly off its peak, and Musk is now so unpopular because of his political interventions that people are firebombing Tesla dealerships and vandalizing the cars. I can't really see how that's going to be good marketing.
- blackoil 2y agoValuing it like a regular car company will bring share price below 50. Anything above requires faith that it will transform to some AI, energy, fsd transport company.
- bb88 2y agoWhat I find interesting is that the stock price is now roughly the same as it was a year ago but the sales have plunged 70% year over year.
- mike_hearn 2y agoGood marketing for who? It's not like the cars themselves suddenly got worse. I think most people don't engage in victim blaming when someone or some group are targeted by domestic terrorists, which is definitionally what is happening (Oxford Languages: "the unlawful use of violence and intimidation, especially against civilians, in the pursuit of political aims"). The people who should worry about the marketing problem here are the Democrats. They're directly funding this violence and vandalism via their NGO network, don't seem to be condemning it and it's their inverted rhetoric claiming Republicans are Nazis that has now created a left-wing street army physically attacking anyone who supports the opposition: exactly the tactics used in the Weimar Republic. Irony is surely dead. Also, a lot of the people getting vandalized or pressured to inconveniently sell their car at a loss are Democrats themselves, many of whom will certainly be wondering why they're supporting the team that would directly attack innocent people in such horrible ways. It's unlikely Musk would care even if Tesla really suffered. His biographies make it clear enough. Getting rich has never been what motivated him, and he owns private companies that are basically terrorism-proof. They spin off enough money to sustain his often rather spartan lifestyle in any case. All these attacks will do is build sympathy for him, for the right, and radicalize them still further.
- werdnapk 2y agoFSD is required for robo-taxis... so as Elon has said the last 10 years... "next year". Tesla doesn't use lidar either, so good luck with the FSD.