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>If TSLA was valued like other car companies (90% of TSLA revenue is from auto sales), would Musk look like a business genius? Yes? In that world he built tes

>If TSLA was valued like other car companies (90% of TSLA revenue is from auto sales), would Musk look like a business genius? Yes? In that world he built tesla into only a 60 billion dollar company, along with his work at X/paypal and SpaceX. That's still incredible. (Obviously that skill hasn't transferred to government work though.)

jqpabc123 2y ago
In that world he built tesla into only a 60 billion dollar company Only $60 billion??? You're selling him way short. At it's peak earlier this year, Tesla market cap was $1.5 TRILLION --- valued at more than all the world's major auto manufacturer's COMBINED. All while commanding only about 4% of unit sales. Can you say O-U-T-R-A-G-E-O-U-S-L-Y over priced? Since then, TSLA has lost almost half it's value --- and by any sane measure, it is still OUTRAGEOUSLY over priced.
- quantified 2y ago
  It's really hard to say how much was meme valuation and how much was people actually believing his statements about Full* Self-Driving, cars becoming an appreciating asset (!), humanoid robots. Plenty of people believe his ~lies~commercial puffery.
  - jqpabc123 2y ago
    "Plenty of people believe his ~lies~commercial puffery." Plenty of these "believers" don't have money to invest in TSLA stock. Most of those who have invested are so-called "professionals" whose job it is to avoid falling for "puffery". These "professionals" will eventually be forced to own the fact that they have been bamboozled by a con artist. And once this starts, the wheels are going to fall off the Tesla car really fast.
  - jauntywundrkind 2y ago
    Its really distressing that there's seemingly zero enforcement over the incredible campaign of lies Musk has used to sell Tesla and SpaceX, HyperLoop, and others. Musk was claiming Cybertruck had a million preorders! A million! Yet there are ~50k sales, a 20:1 ratio. https://www.wired.com/story/where-did-the-one-million-people-who-wanted-a-cybertruck-go/ https://www.wired.com/story/where-did-the-one-million-people... Musk keeps getting away with dumping the investors, with saying whatever crazy shit he wants. And so far, the market regulators havent once bothered to care. Meanwhile, National Labor Board has been investigating Tesla for firing employees who complained online about sexually despairing comments. Equal Employment Opportunity Commission has investigating Tesla factories for racism including slurs, racist graffiti, and nooses. uS Transportation Board has been investigating accidents caused by Actually Smart Summons and self driving modes. FAA has been investigating illegal rocket launches in Florida, & reviewing requests to turn the once experimental star base launch site into a much busier production site. CFPB would have been involved in regulating X's move to become a banking app. FEC has been investigating Musk offering $1M/day to voters who sign up for his PAC. SEC has been investigating failure to give timely notice in the Twitter acquisition, costing investors billions. EPA has been investigating multiple Tesla sites (very) improperly disposing of hazardous waste. All agencies have recent seen cuts from Musk's DOGE, with many of these investigators forced out. https://www.latimes.com/business/story/2025-03-27/elon-musk-trump-doge-conflicts-of-interest https://www.latimes.com/business/story/2025-03-27/elon-musk-...
- trilbyglens 2y ago
  Imo the stockmarket has long since detached itself from any sort of fundamentals as a main engine. Elon is a personality cult, and cults defy economic physics, until they don't. That cultishness extends itself well into the world of tech stocks as well. How many tech stocks are also proced similarly? Companies with negative profits still worth billions...
- itsdrewmiller 2y ago
  The post I responded to estimated it was 13x overpriced, so I divided the current market cap by 13. I'm sure Ford and GM were at one point above 10x PtE also.
watwut 2y ago
His work in X was failure (except of political goal of raising up far right) and he seemed to be more of obstacle in paypal then reason for success.

jqpabc123 2y ago

In that world he built tesla into only a 60 billion dollar company Only $60 billion??? You're selling him way short. At it's peak earlier this year, Tesla market cap was $1.5 TRILLION --- valued at more than all the world's major auto manufacturer's COMBINED. All while commanding only about 4% of unit sales. Can you say O-U-T-R-A-G-E-O-U-S-L-Y over priced? Since then, TSLA has lost almost half it's value --- and by any sane measure, it is still OUTRAGEOUSLY over priced.

quantified 2y ago
It's really hard to say how much was meme valuation and how much was people actually believing his statements about Full* Self-Driving, cars becoming an appreciating asset (!), humanoid robots. Plenty of people believe his ~lies~commercial puffery.
- jqpabc123 2y ago
  "Plenty of people believe his ~lies~commercial puffery." Plenty of these "believers" don't have money to invest in TSLA stock. Most of those who have invested are so-called "professionals" whose job it is to avoid falling for "puffery". These "professionals" will eventually be forced to own the fact that they have been bamboozled by a con artist. And once this starts, the wheels are going to fall off the Tesla car really fast.
- jauntywundrkind 2y ago
  Its really distressing that there's seemingly zero enforcement over the incredible campaign of lies Musk has used to sell Tesla and SpaceX, HyperLoop, and others. Musk was claiming Cybertruck had a million preorders! A million! Yet there are ~50k sales, a 20:1 ratio. https://www.wired.com/story/where-did-the-one-million-people-who-wanted-a-cybertruck-go/ https://www.wired.com/story/where-did-the-one-million-people... Musk keeps getting away with dumping the investors, with saying whatever crazy shit he wants. And so far, the market regulators havent once bothered to care. Meanwhile, National Labor Board has been investigating Tesla for firing employees who complained online about sexually despairing comments. Equal Employment Opportunity Commission has investigating Tesla factories for racism including slurs, racist graffiti, and nooses. uS Transportation Board has been investigating accidents caused by Actually Smart Summons and self driving modes. FAA has been investigating illegal rocket launches in Florida, & reviewing requests to turn the once experimental star base launch site into a much busier production site. CFPB would have been involved in regulating X's move to become a banking app. FEC has been investigating Musk offering $1M/day to voters who sign up for his PAC. SEC has been investigating failure to give timely notice in the Twitter acquisition, costing investors billions. EPA has been investigating multiple Tesla sites (very) improperly disposing of hazardous waste. All agencies have recent seen cuts from Musk's DOGE, with many of these investigators forced out. https://www.latimes.com/business/story/2025-03-27/elon-musk-trump-doge-conflicts-of-interest https://www.latimes.com/business/story/2025-03-27/elon-musk-...
trilbyglens 2y ago
Imo the stockmarket has long since detached itself from any sort of fundamentals as a main engine. Elon is a personality cult, and cults defy economic physics, until they don't. That cultishness extends itself well into the world of tech stocks as well. How many tech stocks are also proced similarly? Companies with negative profits still worth billions...
itsdrewmiller 2y ago
The post I responded to estimated it was 13x overpriced, so I divided the current market cap by 13. I'm sure Ford and GM were at one point above 10x PtE also.

watwut 2y ago

His work in X was failure (except of political goal of raising up far right) and he seemed to be more of obstacle in paypal then reason for success.