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> Which is really bad compared to both the market expectations, the pre-orders, Musk's expectations Hopes and expectations, black holes and revelations (-Muse)
by genjo 1y ago
> Which is really bad compared to both the market expectations, the pre-orders, Musk's expectations
Hopes and expectations, black holes and revelations (-Muse). Another take: The stock price is still on the uptake, which leads me to believe that the expectations, projections and Musk's personal comments were merely, as they so often are, for the broader public.
The data you linked to shows a long term trend upwards, which, as a lot of people would expect, isn't going to continue because the competition has not only caught up and outpaced Tesla in many ways but the market for EV's diversified and now serves many more tastes than before.
Tesla was a bit "Vanilla" and their Banana Split 'Cybertruck' is a pretty cool addition that will always stand out and be a pretty investment for fanboys of "the man who's gonna bring us to Mars, what did you do?", as a commenter on reddit put it once (I'm probably paraphrasing).
Musk owns 13% of all Tesla shares, and no other investor owns entire chunks so the amount of shareholders is pretty damn high, with lots of people who are not in tech or big on investments in general, which makes a continued rise of the stock price despite missing "market expectations" quite a bit more interesting.
People understand that Tesla became a company that will deliver even in uncertain times. And their Gigafactories and the entire tech approach behind it, as much marketing hype as it was, is crazy competent.
They have a different tech approach to Waymo and their software needs a lot more honing than Google's little moonwalker, who probably had early access to the Ingress and Pokemon Go Dataset and have a shitload of time series data on where pedestrians and dirty scooter drivers are more likely to be expected, and who are thus 'safer' than other self-driving systems and even humans.
Even if Tesla won't spice up their line up, AI, especially GenAI will give a not-yet-liquid-enough Vanilla target group the financial means to buy into the green revolution with what is still, despite the hate, a status symbol of people who are not poor anymore but more importantly, who are progressive.
And as soon as their tech stack 'can see properly', and we know that will happen, they will make headlines, get good PR and get back right to the edge of all the expectations, don't you think? It's just a matter of time.
I was never a fan of tech demos and never believed a CEOs audience who claps like it's going to make good money from all that marketing hype no matter how shitty the sales are going to be or how scripted the demo actually was, revealed by thousands of bloggers and vloggers and traditional journalists, all of which drives exposure and peeks the interest of newcomers and long time lurkers who due to long enough exposure, suddenly start to like and wield the techy and marketing lingo.