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And yet TSLA sits comfortably at ~$450. If someone knowledgeable can explain this to me, I'd be very grateful.

by maximinus_thrax 9mo ago

Lermatroid 9mo ago
The market is now a casino is how
- blastro 9mo ago
  bingo
anonymous908213 9mo ago
Purchasing TSLA is placing a bet that Elon Musk can generate enough hype such that somebody else will purchase TSLA from you at a higher price later.
- Panino 9mo ago
  https://en.wikipedia.org/wiki/Greater_fool_theory https://en.wikipedia.org/wiki/Greater_fool_theory
kibwen 9mo ago
> explain this to me Humans are the same emotional, irrational apes as we were 100,000 years ago, and the most emotional and irrational thing any of us do, bar none, is delude ourselves by pretending that we aren't.
- salawat 9mo ago
  I'd argue we're too rational and not irrational enough. If we were sufficiently irrational, the first time Musk-rat lied, everyone woulda bailed. It takes a thoroughly motivated rationality to cling to the hopes of promises that won't ever be kept.
culi 9mo ago
It's better to think of tesla as an MIC company than a typical auto manufacturer (indeed the auto industry has always held a tight, symbiotic, and often mandatory link with the military). Tesla's domestic EV manufacturing, Starlink's satellite network, and ofc SpaceX are all critical pieces of American foreign policy. It should be obvious why Tesla is one of the most heavily subsidized companies of all time[0] [0] https://subsidytracker.goodjobsfirst.org/parent/tesla-inc https://subsidytracker.goodjobsfirst.org/parent/tesla-inc
- maximinus_thrax 9mo ago
  I don't really understand why Tesla is part of the MIC. They don't do anything for the military and has no strategic value. In terms of foreign policy, considering the US has soft-power due to Tesla, the company continues to under perform year-by-year while European and Chinese companies are gaining market share. I am not a fan of Elon Musk, I've been skeptical of his accomplishments way before his involvement in politics so I may be a little biased. But it seems to me that Tesla is a failure. The last new model launched was a flop and a subject of general ridicule, they've stopped innovating, the existing models are last in reliability scores and no promises were kept wrt to self-driving, robotaxis, hyperloop or whatever other sci-fi scam was talked about at every shareholder meeting. I really don't understand how in other areas (such as Enterprise AI or cloud computing in the past) investors want to see actual growth and huge returns and they threaten to pull their money constantly. But when it comes to Tesla in particular, the company keeps getting years and years of leeway while it's failing and failing. Perhaps the hope is that it will get nationalized or be in some sort of public-private partnership that would ensure perpetual bailouts and it's just a way of sucking off money from the taxpayer?
UltraSane 9mo ago
People are VERY gullible.

And yet TSLA sits comfortably at ~$450. If someone knowledgeable can explain this to me, I'd be very grateful.

Lermatroid 9mo ago

The market is now a casino is how

blastro 9mo ago
bingo

anonymous908213 9mo ago

Purchasing TSLA is placing a bet that Elon Musk can generate enough hype such that somebody else will purchase TSLA from you at a higher price later.

Panino 9mo ago
https://en.wikipedia.org/wiki/Greater_fool_theory https://en.wikipedia.org/wiki/Greater_fool_theory

kibwen 9mo ago

> explain this to me Humans are the same emotional, irrational apes as we were 100,000 years ago, and the most emotional and irrational thing any of us do, bar none, is delude ourselves by pretending that we aren't.

salawat 9mo ago
I'd argue we're too rational and not irrational enough. If we were sufficiently irrational, the first time Musk-rat lied, everyone woulda bailed. It takes a thoroughly motivated rationality to cling to the hopes of promises that won't ever be kept.

culi 9mo ago

It's better to think of tesla as an MIC company than a typical auto manufacturer (indeed the auto industry has always held a tight, symbiotic, and often mandatory link with the military). Tesla's domestic EV manufacturing, Starlink's satellite network, and ofc SpaceX are all critical pieces of American foreign policy. It should be obvious why Tesla is one of the most heavily subsidized companies of all time[0] [0] https://subsidytracker.goodjobsfirst.org/parent/tesla-inc https://subsidytracker.goodjobsfirst.org/parent/tesla-inc

maximinus_thrax 9mo ago
I don't really understand why Tesla is part of the MIC. They don't do anything for the military and has no strategic value. In terms of foreign policy, considering the US has soft-power due to Tesla, the company continues to under perform year-by-year while European and Chinese companies are gaining market share. I am not a fan of Elon Musk, I've been skeptical of his accomplishments way before his involvement in politics so I may be a little biased. But it seems to me that Tesla is a failure. The last new model launched was a flop and a subject of general ridicule, they've stopped innovating, the existing models are last in reliability scores and no promises were kept wrt to self-driving, robotaxis, hyperloop or whatever other sci-fi scam was talked about at every shareholder meeting. I really don't understand how in other areas (such as Enterprise AI or cloud computing in the past) investors want to see actual growth and huge returns and they threaten to pull their money constantly. But when it comes to Tesla in particular, the company keeps getting years and years of leeway while it's failing and failing. Perhaps the hope is that it will get nationalized or be in some sort of public-private partnership that would ensure perpetual bailouts and it's just a way of sucking off money from the taxpayer?

UltraSane 9mo ago

People are VERY gullible.