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Good. Seems like the sales decline will reach the US eventually too. Even Toyota is coming out with compelling EV products this year. Tesla came from nowhere,

Good. Seems like the sales decline will reach the US eventually too. Even Toyota is coming out with compelling EV products this year. Tesla came from nowhere, developed essentially one world-dominating product (lumping the 3 and Y together), then the CEO basically ruined everything. Imagine Tesla with a "normal" CEO and marketing department. They would have a bunch of different trims and options for the 3/Y, a redesigned X, a functional truck, and a market cap of 400 billion!

nwah1 8mo ago
TSLA market cap is 1.29 trillion today. Of course, with a P/E ratio of over 381
- mekdoonggi 8mo ago
  I'm aware, that part was sarcasm
- bdangubic 8mo ago
  they are building stuff on the Moon, P/E should be 150k! building Moon stuff is cool
  - mandeepj 8mo ago
    > they are building stuff on the Moon That's SpaceX!
    - k12sosse 8mo ago
      The AI company?
      - mandeepj 8mo ago
        Someone else might say ISP (starlink)? But you always go by the parent company unless they have clear boundaries like conglomerates.
      - swarnie 8mo ago
        No, the social media company.
- Betelbuddy 8mo ago
  NVIDIA P/E is 46
  - ndr42 8mo ago
    Apple had been around 12 til 2019, now around 32 [1]. They were/are discounted for a long time but some kind of stocks had a price never based on fundamentals. [1] https://www.macrotrends.net/stocks/charts/AAPL/apple/pe-ratio https://www.macrotrends.net/stocks/charts/AAPL/apple/pe-rati...
  - philistine 8mo ago
    At least Nvidia’s sales are up!
KennyBlanken 8mo ago
Tesla has a marketing department. It just refuses to talk to anyone except to talk at journalists...and journalists are so desperate to get quotes, they'll put up with it. When Tesla started with the "no marketing department" nonsense, the press should have just stopped quoting them or covering them. Especially given that half the things Musk says are blatant lies.
- davidw 8mo ago
  One of the interesting things you start seeing and then can't stop seeing is "CEO says" journalism, where the whole article is about the CEO saying something and that's newsworthy and there's no real analysis of it or no looking at the track record of the CEO. Just stenography. It's not limited to this one company, they'll do it with any company that's newsworthy or has a CEO who will generate clicks for their article.
petesergeant 8mo ago
> Tesla came from nowhere, developed essentially one world-dominating product (lumping the 3 and Y together), then the CEO basically ruined everything. It seems strange to attribute only the fall -- and not the rise -- to the CEO
- jimbob45 8mo ago
  Shhhh we’re pretending that China wasn’t behind the massive propaganda campaign against Tesla to boost the popularity of their own BYD brand.
  - throwerxyz 8mo ago
    I'm surprised people are forgetting that the person who predicted the coming wars against his personality was himself. He basically told everyone what was coming... then it came and people still fell for it. Elon is a loser socially and that's about it.
    - Tarq0n 8mo ago
      DOGE and the nazi sale happened. That's not just problematic social media posting.
      - throwerxyz 8mo ago
        DOGE promised the world and delivered small wins. The normal politician does this and does not deliver a single win.
        Braxton1980 8mo ago
        And people hate politicians
  - wolvoleo 8mo ago
    No, he's done that all by himself sorry. Turns out nazi salutes don't make one popular here in Europe.
blackoil 8mo ago
> market cap of 400 billion And hence Musk will be the CEO.
mlrtime 8mo ago
>then the CEO basically ruined everything. Is it me or do the nay-sayers state that Elon is a grifter and added nothing to Tesla, but yet he ruined it? How can he both not create something and ruin it? Also, Tesla isn't the only manufacturer (In the US) stopping electric cars, Porsche (IMO Taycan is the best electric model) is essentially stopping electric cars too, nothing to do with Elon. Just my observation.
- DarkNova6 8mo ago
  Musk didn't found Tesla, he invested into it when it was small. Musk brought good marketing and gave the people who were declined at GM a platform. So far so good. It was a success. He got more investment, built factories, became market leader. Built an industrial stack where there was none. And gradually he got crazy. Dodgecoin, Nazi gestures, thinking he has to safe humanity because left radicaly are destroying it. Instead of cutting down on costs, Tesla insisted it is the only electrical car and priced it as such. Not to mention the cybertruck disaster everybody saw from miiles away. Meanwhile, the Chinese have the best electrics with the currently best industrial basis for production and cheap resources. Musk has too much money, got lucky with an investment and started becoming complacent. The rest of the story writes itself.

nwah1 8mo ago

TSLA market cap is 1.29 trillion today. Of course, with a P/E ratio of over 381

mekdoonggi 8mo ago
I'm aware, that part was sarcasm
bdangubic 8mo ago
they are building stuff on the Moon, P/E should be 150k! building Moon stuff is cool
- mandeepj 8mo ago
  > they are building stuff on the Moon That's SpaceX!
  - k12sosse 8mo ago
    The AI company?
    - mandeepj 8mo ago
      Someone else might say ISP (starlink)? But you always go by the parent company unless they have clear boundaries like conglomerates.
    - swarnie 8mo ago
      No, the social media company.
Betelbuddy 8mo ago
NVIDIA P/E is 46
- ndr42 8mo ago
  Apple had been around 12 til 2019, now around 32 [1]. They were/are discounted for a long time but some kind of stocks had a price never based on fundamentals. [1] https://www.macrotrends.net/stocks/charts/AAPL/apple/pe-ratio https://www.macrotrends.net/stocks/charts/AAPL/apple/pe-rati...
- philistine 8mo ago
  At least Nvidia’s sales are up!

KennyBlanken 8mo ago

Tesla has a marketing department. It just refuses to talk to anyone except to talk at journalists...and journalists are so desperate to get quotes, they'll put up with it. When Tesla started with the "no marketing department" nonsense, the press should have just stopped quoting them or covering them. Especially given that half the things Musk says are blatant lies.

davidw 8mo ago
One of the interesting things you start seeing and then can't stop seeing is "CEO says" journalism, where the whole article is about the CEO saying something and that's newsworthy and there's no real analysis of it or no looking at the track record of the CEO. Just stenography. It's not limited to this one company, they'll do it with any company that's newsworthy or has a CEO who will generate clicks for their article.

petesergeant 8mo ago

> Tesla came from nowhere, developed essentially one world-dominating product (lumping the 3 and Y together), then the CEO basically ruined everything. It seems strange to attribute only the fall -- and not the rise -- to the CEO

jimbob45 8mo ago
Shhhh we’re pretending that China wasn’t behind the massive propaganda campaign against Tesla to boost the popularity of their own BYD brand.
- throwerxyz 8mo ago
  I'm surprised people are forgetting that the person who predicted the coming wars against his personality was himself. He basically told everyone what was coming... then it came and people still fell for it. Elon is a loser socially and that's about it.
  - Tarq0n 8mo ago
    DOGE and the nazi sale happened. That's not just problematic social media posting.
    - throwerxyz 8mo ago
      DOGE promised the world and delivered small wins. The normal politician does this and does not deliver a single win.
      - Braxton1980 8mo ago
        And people hate politicians
- wolvoleo 8mo ago
  No, he's done that all by himself sorry. Turns out nazi salutes don't make one popular here in Europe.

blackoil 8mo ago

> market cap of 400 billion And hence Musk will be the CEO.

mlrtime 8mo ago

>then the CEO basically ruined everything. Is it me or do the nay-sayers state that Elon is a grifter and added nothing to Tesla, but yet he ruined it? How can he both not create something and ruin it? Also, Tesla isn't the only manufacturer (In the US) stopping electric cars, Porsche (IMO Taycan is the best electric model) is essentially stopping electric cars too, nothing to do with Elon. Just my observation.

DarkNova6 8mo ago
Musk didn't found Tesla, he invested into it when it was small. Musk brought good marketing and gave the people who were declined at GM a platform. So far so good. It was a success. He got more investment, built factories, became market leader. Built an industrial stack where there was none. And gradually he got crazy. Dodgecoin, Nazi gestures, thinking he has to safe humanity because left radicaly are destroying it. Instead of cutting down on costs, Tesla insisted it is the only electrical car and priced it as such. Not to mention the cybertruck disaster everybody saw from miiles away. Meanwhile, the Chinese have the best electrics with the currently best industrial basis for production and cheap resources. Musk has too much money, got lucky with an investment and started becoming complacent. The rest of the story writes itself.