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I don't understand why this keeps working. The dude doing the hyping is widely hated. 67% of Americans have said they'll never consider buying a Tesla. 56% cit

I don't understand why this keeps working. The dude doing the hyping is widely hated. 67% of Americans have said they'll never consider buying a Tesla. 56% cite Musk as either the entire reason or part of the reason. [0] Tesla IS Elon Musk. Without him they're nothing, with him they can't access 2/3rds of the market. Why would anyone invest in that? [0] https://www.yahoo.com/news/two-thirds-of-americans-now-say-they-wouldnt-drive-a-tesla--and-most-of-them-cite-elon-musk-as-the-reason-why-according-to-a-new-poll-152619516.html https://www.yahoo.com/news/two-thirds-of-americans-now-say-t...

vkou 10mo ago
Stock valuations are not a democracy of public opinion, they are the product of investors putting their money into the stock. Musk is a shit human, but to an investor, everything he touches turns to gold. Whether his companies make anything useful doesn't matter, what matters is that the stock price in his companies goes up, so people give him more money. This works until it doesn't.
iknowstuff 10mo ago
TSLA investors: * don't believe the 67% will follow through with that after experiencing FSD * don't need 67% of Americans to purchase the car. Robotaxi use is plenty. * look beyond the American market and its pathetic 5% EV share.
- mapontosevenths 10mo ago
  Personally, I suspect they're very wrong about the first two points, but that's just my opinion. Thanks for explaining the other side of it.
- dzhiurgis 10mo ago
  FSD is going to wipe everything off. I’ve tried v13 few weeks ago, knowing it works so well. Still got shocked how good it is. They’ll have to drop the price of it tho, but even then 10M cars * $100 per month is $12b of revenue per year.
  - mapontosevenths 10mo ago
    How is that a Tesla thing though? I'm fairly certain every auto manufacturer and many non-auto manufacturers are working on it. I doubt they'll be able to patent anything truly important to the process, since others beat them to the market with most of it. Or am I missing something essential?
    - overfeed 10mo ago
      > How is that a Tesla thing though? It's not. Waymo could license a version of its stack using the Android model (specifies a minimum sensor suite OEMs have to qualify models on).
    - iknowstuff 10mo ago
      Remember how everyone kept saying tesla is doomed because any minute now the old OEMs were going to storm in and kill their EV business? In actuality, those OEMs are getting killed by Tesla and Chinese startups. You are making the same argument for autonomy. Old OEMS cannot compete in this space at all. Waymo cannot compete on price with Tesla.
      - rootusrootus 10mo ago
        > Waymo cannot compete on price with Tesla It's a race between how fast Waymo's COGS can decline and how fast Tesla's FSD can achieve actual self-driving. At this moment, given all the evidence available, my inclination is that Waymo is in a better spot.
        iknowstuff 10mo ago
        I don’t think your inclination is unreasonable. Having taken probably like a hundred rides with about an even Tesla/Waymo split in SF, Teslas feel smoother and less robotic, but of course if they felt safety was where it needs to be, they’d be driverless by now. It’s a bit of a bet. It feels like Tesla is real close, and if they get there, Waymo has no way to compete with Tesla’s manufacturing prowess and vertical integration.

vkou 10mo ago

Stock valuations are not a democracy of public opinion, they are the product of investors putting their money into the stock. Musk is a shit human, but to an investor, everything he touches turns to gold. Whether his companies make anything useful doesn't matter, what matters is that the stock price in his companies goes up, so people give him more money. This works until it doesn't.

iknowstuff 10mo ago

TSLA investors: * don't believe the 67% will follow through with that after experiencing FSD * don't need 67% of Americans to purchase the car. Robotaxi use is plenty. * look beyond the American market and its pathetic 5% EV share.

mapontosevenths 10mo ago
Personally, I suspect they're very wrong about the first two points, but that's just my opinion. Thanks for explaining the other side of it.
dzhiurgis 10mo ago
FSD is going to wipe everything off. I’ve tried v13 few weeks ago, knowing it works so well. Still got shocked how good it is. They’ll have to drop the price of it tho, but even then 10M cars * $100 per month is $12b of revenue per year.
- mapontosevenths 10mo ago
  How is that a Tesla thing though? I'm fairly certain every auto manufacturer and many non-auto manufacturers are working on it. I doubt they'll be able to patent anything truly important to the process, since others beat them to the market with most of it. Or am I missing something essential?
  - overfeed 10mo ago
    > How is that a Tesla thing though? It's not. Waymo could license a version of its stack using the Android model (specifies a minimum sensor suite OEMs have to qualify models on).
  - iknowstuff 10mo ago
    Remember how everyone kept saying tesla is doomed because any minute now the old OEMs were going to storm in and kill their EV business? In actuality, those OEMs are getting killed by Tesla and Chinese startups. You are making the same argument for autonomy. Old OEMS cannot compete in this space at all. Waymo cannot compete on price with Tesla.
    - rootusrootus 10mo ago
      > Waymo cannot compete on price with Tesla It's a race between how fast Waymo's COGS can decline and how fast Tesla's FSD can achieve actual self-driving. At this moment, given all the evidence available, my inclination is that Waymo is in a better spot.
      - iknowstuff 10mo ago
        I don’t think your inclination is unreasonable. Having taken probably like a hundred rides with about an even Tesla/Waymo split in SF, Teslas feel smoother and less robotic, but of course if they felt safety was where it needs to be, they’d be driverless by now. It’s a bit of a bet. It feels like Tesla is real close, and if they get there, Waymo has no way to compete with Tesla’s manufacturing prowess and vertical integration.