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The reality is that nobody knows what the future will be. Not the person you're replying to, not the investors, not you, not me. But my gut tells me it's more
by JohnFen 2y ago
The reality is that nobody knows what the future will be. Not the person you're replying to, not the investors, not you, not me.
But my gut tells me it's more likely to be the speculative investors who are engaging in wishful thinking. I haven't seen any real reason to suspect otherwise, even before the events of the last couple of years.
- kreetx 2y agoTechnically, sure, it's not possible to tell what the future will be, yet other automakers somehow haven't managed to innovate as much and here is a new carmaker from the US that ships actual products en masse. Also, apparently Elon is able to do more than one difficult thing at the same time and succeed. The stock bubbles may burst and fall but it's unlikely an end to anything.
- JohnFen 2y ago> yet other automakers somehow haven't managed to innovate as much Sure, but that's a bit orthogonal to the question of whether the wild speculative valuations of Tesla stock will end in tears or not. Innovation, all by itself, is not sufficient or a good indicator of total value. > apparently Elon is able to do more than one difficult thing at the same time and succeed He's far from the only one, though, and he only appears exceptional if you ignore his much larger list of abject failures. This mythologizing of Musk is just as accurate and cringe as claims that he is terrible at everything.
- kreetx 2y agoStock bubbles pretty much are due to a promise for the future, i.e, innovation, what else do you think people would be buying? Who are the many others succeeding at this scale? And it's not really mythologizing, it's just that the naysayers seem to not count his achievements to their proper size, yet they themselves probably have little to nothing to show for on that scale.