4 ms·

> The stock is the product. Musk reeks of scam. But for a stock pump and dumb scheme there sure are a lot of teslas on the road.

by jopsen 8mo ago

tw04 8mo ago
Tesla sold 1.7M cars in 2024. Toyota sold 11.1M cars in 2024. Tesla’s current market cap is $1.43T. Toyota’s current market cap is $354B. There really aren’t that many teslas on the road, and their sales are declining.
- wasfgwp 8mo ago
  This kind of maybe made sense for a while their revenue was growing at a very fast pace but now that its stagnant/falling they are no different to any other car company.
  - burningChrome 8mo ago
    I wonder if this coincides with Musk getting into politics? Never a good choice to alienate half your customer base. Michael Jordan famously said he never got into politics because "Republicans buy sneakers, too."
- tonyhart7 8mo ago
  Tesla stock isn't valued as a car company
  - ben_w 8mo ago
    Which is exactly the problem. The stock is priced on expectations of how many humanoid robots they might sell over the next decade. Those expectations in turn treat humanoid robotics as if Tesla is the only game in town, when Tesla's Optimus is not yet available for purchase and other companies already ship. Then someone brings up the value of Tesla's AI to those robots, and here's my response to that to save re-writing it: https://news.ycombinator.com/item?id=46799603 https://news.ycombinator.com/item?id=46799603
    - ulfw 8mo ago
      "Robots" A product no one knows if there is a real demand for promised to be made by a company that has no core competency in robotics But hey let's just value this BS in the trillions because why not. Sam Altman's ChatGPT is not far behind
      - ben_w 8mo ago
        Oh, Optimus is much worse than ChatGPT. ChatGPT, for all its flaws, does actually exist and definitely isn't just a remote-control-based illusion, and some people even pay for it. Optimus, the only thing we can be sure is real is the hardware, which is the least interesting part. But even if they really are running just on software without remote control, the one and only thing they've shown in any public demo that would actually be impressive, was voice comprehension in a noisy environment.
        tonyhart7 8mo ago
        Elon would save Tesla by force xAI to buy it like twitter does because why not???? at least Grok is real and we are years away from real "Skynet" SpaceX for weapon delivery, xAI for the brain and Tesla for robot chasing

> The stock is the product. Musk reeks of scam. But for a stock pump and dumb scheme there sure are a lot of teslas on the road.

by jopsen 8mo ago

> The stock is the product. Musk reeks of scam. But for a stock pump and dumb scheme there sure are a lot of teslas on the road.

tw04 8mo ago

Tesla sold 1.7M cars in 2024. Toyota sold 11.1M cars in 2024. Tesla’s current market cap is $1.43T. Toyota’s current market cap is $354B. There really aren’t that many teslas on the road, and their sales are declining.

wasfgwp 8mo ago
This kind of maybe made sense for a while their revenue was growing at a very fast pace but now that its stagnant/falling they are no different to any other car company.
- burningChrome 8mo ago
  I wonder if this coincides with Musk getting into politics? Never a good choice to alienate half your customer base. Michael Jordan famously said he never got into politics because "Republicans buy sneakers, too."
tonyhart7 8mo ago
Tesla stock isn't valued as a car company
- ben_w 8mo ago
  Which is exactly the problem. The stock is priced on expectations of how many humanoid robots they might sell over the next decade. Those expectations in turn treat humanoid robotics as if Tesla is the only game in town, when Tesla's Optimus is not yet available for purchase and other companies already ship. Then someone brings up the value of Tesla's AI to those robots, and here's my response to that to save re-writing it: https://news.ycombinator.com/item?id=46799603 https://news.ycombinator.com/item?id=46799603
  - ulfw 8mo ago
    "Robots" A product no one knows if there is a real demand for promised to be made by a company that has no core competency in robotics But hey let's just value this BS in the trillions because why not. Sam Altman's ChatGPT is not far behind
    - ben_w 8mo ago
      Oh, Optimus is much worse than ChatGPT. ChatGPT, for all its flaws, does actually exist and definitely isn't just a remote-control-based illusion, and some people even pay for it. Optimus, the only thing we can be sure is real is the hardware, which is the least interesting part. But even if they really are running just on software without remote control, the one and only thing they've shown in any public demo that would actually be impressive, was voice comprehension in a noisy environment.
      - tonyhart7 8mo ago
        Elon would save Tesla by force xAI to buy it like twitter does because why not???? at least Grok is real and we are years away from real "Skynet" SpaceX for weapon delivery, xAI for the brain and Tesla for robot chasing