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None of it matters to Tesla stock --- investors have moved on from the dream of owning the worldwide auto market to owning the worldwide robo taxi market and pe

None of it matters to Tesla stock --- investors have moved on from the dream of owning the worldwide auto market to owning the worldwide robo taxi market and personal robots --- which are still just dreams with no better (if not less) chance of success than the one they just abandoned. Apparently, the goal is to keep the dreams alive without ever actually fulfilling any of them.

spwa4 1y ago
So, fresh from angering virtually every government in the world, Musk will move on to introducing a service that utterly requires government approval and licensing, while costing a lot of jobs. To do this he'll have to get approval from politicians that are taking a leftist turn just to avoid being associated with either him or Trump (or didn't and are very angry at him and Trump for costing them a LOT of votes) ... Makes you want to ask, "say, Elon, how's that full-self-driving going?"
- iamthemonster 1y ago
  I can't believe we're still asking Elon about when we'll get full-self-driving, he's already answered that question every year since 2013. It's coming next year.
-__---____-ZXyw 1y ago
> Apparently, the goal is to keep the dreams alive without ever actually fulfilling any of them. A wonderful observation. Has someone made a stab at describing these new paradigms of advertising and value? I don't think I've seen exactly this stated or named, but there's a lot of writing and thinking out there. If it strikes anyone reading this, links welcome. Specifically, it seems like advertising may have gone from "the quality of the product doesn't matter", to "the product existing doesn't matter". Quite a big leap.
- ryandvm 1y ago
  I doubt there are many TSLA investors that actually believe that the company is well positioned to dominate ANY market at this point. They just believe that there are _other_ people that believe it. Greater fool and all that. Meme stocks have a way of defying normal economic gravity and irritating traditional investors up until they don't, and when that happens their demise is usually rapid and complete.
  - lcnPylGDnU4H9OF 1y ago
    > I doubt there are many TSLA investors that actually believe that the company is well positioned to dominate ANY market at this point. They just believe that there are _other_ people that believe it. That’s a dangerous game to play. What’s the opposite of a falling knife?
    - ben_w 1y ago
      > What’s the opposite of a falling knife? Optimus with the full-self-catering package to slice and dice any flesh it finds in what it thinks is the kitchen.
      - toomuchtodo 1y ago
        If FSD is any indicator of autonomy, I have no concerns. I’ve been waiting 7 years for my vision only autowipers to work.
- xk_id 1y ago
  This is long, but trust me when I say, that about halfway through, it will answer your question fully. https://www.newstatesman.com/business/economics/2024/02/the-qe-theory-of-everything https://www.newstatesman.com/business/economics/2024/02/the-... This gist of it is that central banks tried to stimulate investment in the economy by purchasing bonds, which lowered their yields and made them unattractive to institutional investors. As a result, institutional investors had no choice but to use the QE printed money to invest in stocks instead. This greatly repressed the risk in the stock market, while decoupling it from profits, because for a long time “numbers would only go up”. Separately, the repressed borrowing costs (another intended effect of QE) enabled big tech to consolidate their monopolies, creating the attention harvesting platforms of today. Alongside inequality also being amplified by QE, those platforms started to favour rage baiting. The combination of high risk appetite + algorithmic promotion of outrage enabled a kind of business model which is based on nothing except ridiculous dreams. Elon and his Tesla are therefore the quintessential creatures of the era.
jeffhuys 1y ago
Not worldwide I guess... But I see so, SO many Teslas driving around, it's bizarre how far they got in such little time.
- jqpabc123 1y ago
  Tesla has been in business for over 20 years. Last year, roughly 90 million new light vehicles were sold worldwide. 1.8 million of these were Tesla --- about 2% of the total. Earlier this year, Tesla's market capitalization was $1.5 TRILLION --- more than virtually all the major auto manufacturers in the world COMBINED. Can you say, "Ridiculously over priced"?
  - skygazer 1y ago
    It's not overpriced for a meme stock.
  - const_cast 1y ago
    This type of stuff makes me feel so uneasy with our entire economy. I mean, is anything real or are we just making stuff up and then making more stuff up to justify why it's okay? How can a company's valuation have seemingly no tie at all to how they're doing as a company? Just on the surface that seems absurd. But that's not even my concern - my concern is that this happens and nobody seems to care. As if there's very real exploits in our financial markets and nobody seems to bat an eye. Just the fact Tesla has somehow managed to do this should be making us uneasy! But then again, I don't understand the stock market, and nobody understands the economy, so I guess it's fine.
  - seanmcdirmid 1y ago
    > Tesla has been in business for over 20 years. The model 3 didn't come out until 2017. Before that, Tesla only made niche Model X/S cars. That was a huge run up in just 8 years, who knows if that would have kept going if Musk didn't make the mistake of binding himself to Trump.
- more_corn 1y ago
  Most of the teslas I see have a sticker on them “Vintage pre insanity Tesla” or simply an anti “Elon” with a red strike through. It’s interesting that Bloomberg makes no mention of the intense backlash to Elon’s Nazi salute and other recent antics.
more_corn 1y ago
They’re in for a rude awakening when they realize that Tesla robotaxi is a lie. I dunno, maybe musk can keep the ponzie scheme rolling forever by continuously moving the goalpost.
- jqpabc123 1y ago
  Tesla has already admitted their robo-taxi won't be "autonomous" but instead will rely heavily on "tele-ops". https://www.forbes.com/sites/bradtempleton/2025/05/17/tesla-robotaxi-will-have-lots-of-tele-ops-ie-supervised-fsd/ https://www.forbes.com/sites/bradtempleton/2025/05/17/tesla-... How many billionaires are willing to bet their life on a cell tower connection? How many people would be bold enough to ask them to?
seanmcdirmid 1y ago
> worldwide robo taxi market and personal robots Wait until those investors find out what China is investing in and actually succeeding in with automation, personal robots, and making self driving cars with affordable LIDAR (negating Tesla's camera bet).
1vuio0pswjnm7 1y ago
"Apparently, the goal is to keep the dreams alive without ever actually fulfilling any of them." This seems to be how Silicon Valley works. (Also Redmond.) A captive audience, e.g., manipulated through intermediaries like Twitter, etc., that is prohibited from considering past or present failures and forced to remain fixated on a future that Silicon Valley assures can be predicted, but only by Silicon Vallley and its devotees. Can Silicon Valley be "disrupted".

spwa4 1y ago

So, fresh from angering virtually every government in the world, Musk will move on to introducing a service that utterly requires government approval and licensing, while costing a lot of jobs. To do this he'll have to get approval from politicians that are taking a leftist turn just to avoid being associated with either him or Trump (or didn't and are very angry at him and Trump for costing them a LOT of votes) ... Makes you want to ask, "say, Elon, how's that full-self-driving going?"

iamthemonster 1y ago
I can't believe we're still asking Elon about when we'll get full-self-driving, he's already answered that question every year since 2013. It's coming next year.

-__---____-ZXyw 1y ago

> Apparently, the goal is to keep the dreams alive without ever actually fulfilling any of them. A wonderful observation. Has someone made a stab at describing these new paradigms of advertising and value? I don't think I've seen exactly this stated or named, but there's a lot of writing and thinking out there. If it strikes anyone reading this, links welcome. Specifically, it seems like advertising may have gone from "the quality of the product doesn't matter", to "the product existing doesn't matter". Quite a big leap.

ryandvm 1y ago
I doubt there are many TSLA investors that actually believe that the company is well positioned to dominate ANY market at this point. They just believe that there are _other_ people that believe it. Greater fool and all that. Meme stocks have a way of defying normal economic gravity and irritating traditional investors up until they don't, and when that happens their demise is usually rapid and complete.
- lcnPylGDnU4H9OF 1y ago
  > I doubt there are many TSLA investors that actually believe that the company is well positioned to dominate ANY market at this point. They just believe that there are _other_ people that believe it. That’s a dangerous game to play. What’s the opposite of a falling knife?
  - ben_w 1y ago
    > What’s the opposite of a falling knife? Optimus with the full-self-catering package to slice and dice any flesh it finds in what it thinks is the kitchen.
    - toomuchtodo 1y ago
      If FSD is any indicator of autonomy, I have no concerns. I’ve been waiting 7 years for my vision only autowipers to work.
xk_id 1y ago
This is long, but trust me when I say, that about halfway through, it will answer your question fully. https://www.newstatesman.com/business/economics/2024/02/the-qe-theory-of-everything https://www.newstatesman.com/business/economics/2024/02/the-... This gist of it is that central banks tried to stimulate investment in the economy by purchasing bonds, which lowered their yields and made them unattractive to institutional investors. As a result, institutional investors had no choice but to use the QE printed money to invest in stocks instead. This greatly repressed the risk in the stock market, while decoupling it from profits, because for a long time “numbers would only go up”. Separately, the repressed borrowing costs (another intended effect of QE) enabled big tech to consolidate their monopolies, creating the attention harvesting platforms of today. Alongside inequality also being amplified by QE, those platforms started to favour rage baiting. The combination of high risk appetite + algorithmic promotion of outrage enabled a kind of business model which is based on nothing except ridiculous dreams. Elon and his Tesla are therefore the quintessential creatures of the era.

jeffhuys 1y ago

Not worldwide I guess... But I see so, SO many Teslas driving around, it's bizarre how far they got in such little time.

jqpabc123 1y ago
Tesla has been in business for over 20 years. Last year, roughly 90 million new light vehicles were sold worldwide. 1.8 million of these were Tesla --- about 2% of the total. Earlier this year, Tesla's market capitalization was $1.5 TRILLION --- more than virtually all the major auto manufacturers in the world COMBINED. Can you say, "Ridiculously over priced"?
- skygazer 1y ago
  It's not overpriced for a meme stock.
- const_cast 1y ago
  This type of stuff makes me feel so uneasy with our entire economy. I mean, is anything real or are we just making stuff up and then making more stuff up to justify why it's okay? How can a company's valuation have seemingly no tie at all to how they're doing as a company? Just on the surface that seems absurd. But that's not even my concern - my concern is that this happens and nobody seems to care. As if there's very real exploits in our financial markets and nobody seems to bat an eye. Just the fact Tesla has somehow managed to do this should be making us uneasy! But then again, I don't understand the stock market, and nobody understands the economy, so I guess it's fine.
- seanmcdirmid 1y ago
  > Tesla has been in business for over 20 years. The model 3 didn't come out until 2017. Before that, Tesla only made niche Model X/S cars. That was a huge run up in just 8 years, who knows if that would have kept going if Musk didn't make the mistake of binding himself to Trump.
more_corn 1y ago
Most of the teslas I see have a sticker on them “Vintage pre insanity Tesla” or simply an anti “Elon” with a red strike through. It’s interesting that Bloomberg makes no mention of the intense backlash to Elon’s Nazi salute and other recent antics.

more_corn 1y ago

They’re in for a rude awakening when they realize that Tesla robotaxi is a lie. I dunno, maybe musk can keep the ponzie scheme rolling forever by continuously moving the goalpost.

jqpabc123 1y ago
Tesla has already admitted their robo-taxi won't be "autonomous" but instead will rely heavily on "tele-ops". https://www.forbes.com/sites/bradtempleton/2025/05/17/tesla-robotaxi-will-have-lots-of-tele-ops-ie-supervised-fsd/ https://www.forbes.com/sites/bradtempleton/2025/05/17/tesla-... How many billionaires are willing to bet their life on a cell tower connection? How many people would be bold enough to ask them to?

seanmcdirmid 1y ago

> worldwide robo taxi market and personal robots Wait until those investors find out what China is investing in and actually succeeding in with automation, personal robots, and making self driving cars with affordable LIDAR (negating Tesla's camera bet).

1vuio0pswjnm7 1y ago

"Apparently, the goal is to keep the dreams alive without ever actually fulfilling any of them." This seems to be how Silicon Valley works. (Also Redmond.) A captive audience, e.g., manipulated through intermediaries like Twitter, etc., that is prohibited from considering past or present failures and forced to remain fixated on a future that Silicon Valley assures can be predicted, but only by Silicon Vallley and its devotees. Can Silicon Valley be "disrupted".