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How’s that 2016 promise of LA to NYC autonomous driving goal going for Musk? Or his Cybercab venture going? And the decision to not use LIDAR in his vehicles? O
by TechnicolorByte 11mo ago
How’s that 2016 promise of LA to NYC autonomous driving goal going for Musk? Or his Cybercab venture going? And the decision to not use LIDAR in his vehicles? Or the Cybertruck’s dismal engineering and sales?
- astrange 11mo agoMusk really is that good and nobody else is capable of building factories in the US, but the skills are in raising money and defeating NIMBYism. Raising money (and starting startups) involves a lot of lies and delusions which are not always adaptive skills. He fell off when he lost his egirl and became a drug addict.
- WalterBright 11mo agoElon promises 10 revolutionary things and only delivers 9. Sheesh, what a loser!
- dsr_ 11mo agoDelivering 9 of 10 revolutionary things would, I agree, be amazing. However... https://en.wikipedia.org/wiki/List_of_predictions_for_autonomous_Tesla_vehicles_by_Elon_Musk https://en.wikipedia.org/wiki/List_of_predictions_for_autono... making 31 public predictions about his self-driving cars over 20 years and only being right about one of them is not so clever.
- WalterBright 10mo agoHe's still the most successful businessman in history, by far. Pretty good for a loser.
- raw_anon_1111 10mo agoHe’s a hype man. Tesla is a meme stock and always has been. There is no objective valuation that Tesla should be valued as highly as it is. The future projected revenue and definitely not the current revenue support it. Sales popped right before the EV credit is going away. But at most that is probably a dead cat bounce.
- WalterBright 10mo agoHe essentially invented the electric car industry. E cars before then were impractical and failures. > There is no objective valuation Value investing is Warren Buffett's style, which is generally a backwards looking approach. It's not good at predicting transformative technologies. Such was no good at predicting the success of, say, Apple, Microsoft, Amazon, Facebook, etc.
- raw_anon_1111 10mo agoOkay. He invented it. So what? Other companies are selling more and the first mover advantage is moot. And the other examples you ara giving… Apple’s valuation went up as it was clear that Apple had a sustainable advantage and was going to see increasing revenues and profits going forward. Where are the companies that invented the modern smart phone? Microsoft has a sustainable advantage that hasn’t been challenged in over four decades with operating systems, office apps and later cloud services. But their stock was in the doldrums in the 2000s when investors didn’t see a sustainable advantage with increasing revenues Meta has also been volatile when investors didn’t see a sustainable advantage. Amazon also has a moat What does Tesla have?
- WalterBright 10mo ago> What does Tesla have? It does more than cars. It's in the solar energy business, the grid scale battery business, AI, FSD, robotics, a global network of superchargers, home battery systems, etc. Tesla shareholders voted to offer him a $1t compensation package over the next decade, provided he meets certain targets.
- raw_anon_1111 10mo agoYeah - and how are any of those other bets doing? The shareholders only voted for him to keep their meme stock afloat. Again what is their moat? Waymo is much further along with self driving, they are a very distant also ran in AI and absolutely no company is going to choose them over anyone else, and their supercharging network is more anemic than you think it is in the vast majority if the US let alone the world. China has shown its very capable when it comes to battery technologies and they have most of the rare earth minerals needed.
- wtcactus 10mo ago- “Hi. I’m an engineer at NASA.” - “(Scoffs). You’re an engineer? Yeah, right. What about that Challenger explosion? And how come you don’t put anyone on the Moon for 50 years? Engineer…” That’s how your comment reads.