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> The stock is kept afloat by the promise of FSD- a tech that's been "almost there" for years and every year becomes closer to being easily reproducible by ever
by A_D_E_P_T 1y ago
> The stock is kept afloat by the promise of FSD- a tech that's been "almost there" for years and every year becomes closer to being easily reproducible by every manufacturer
To the extent this is true, Waymo is miles ahead. And Tesla is losing ground on this to other competitors very quickly. Even Amazon's Zoox appears to be making lots of progress.
That said, memestocks are by definition irrationally valued. They have more in common with BTC than they have in common with, say, GM stock...
- throw310822 1y agoHeh. I am less worried about the valuation of BTC than that of Tesla. At least BTC doesn't have any fundamentals at all, while Tesla is still supposed to be valued in relation to actual sales and quarterly reports.