Comment by piva00

Comment by piva00 4 days ago

27 replies

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It's actually bizarre how seemingly nothing impacts $TSLA: profits down 46%, revenue down 3%, cutting successful product lines that used to sell quite a bit, a massively failed product in the Cybertruck, FSD promises still unfulfilled, and on top of all that US$ 2 billion siphoned away to another unrelated company.

With all of that, the stock closed upwards on the after market hours. Perhaps only Musk's death could cause it to tank, would have never expected to see a cult of personality being run on the top of S&P 500 market caps, what a strange world...

Balinares 3 days ago

I think it was the FT that observed about a year ago that even as institutional investors were pulling away from US equities, retail investors (redditors, if you will) were filling in the gap quite enthusiastically. (You know, "Buy the dip!! " and brethren.)

I don't know to what extent that's still the case. But someone always ends up with the hot potato no matter what.

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ActorNightly 3 days ago

Its not bizzare. Retail investors can no longer compete with big banks, who pretty much set the stock price. Elon solidified this with DOGE by removing oversight of such things.

At this point, investing is exacly like playing slots at casino.

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2muchcoffeeman 4 days ago

It’s being valued on the hope that they will crack full self driving. People still believe they will crack it.

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  • cedws 3 days ago

    Meanwhile Waymo has actually cracked self driving, and is operating a fleet of taxis. Tesla said they were going to do this at least as far back as like 2018, and still aren’t.

    They’re being beaten on every front.

    Reply View 5 replies
  • brightball 4 days ago

    Have you tried FSD on a HW4 model recently?

    Reply View 9 replies
    • Deklomalo 3 days ago

      And?

      FSD is good in video, given. But its not full self driving as it still requires you to keep an eye on it.

      Real FSD for me at least, means I can sit in a 'car' open a laptop and work. But honestly working with a laptop in a car makes it dangerous when driving fast.

      For my work commute, I don't need a FSD. For my holiday also not.

      What I want is real and save FSD something which has proofen on the road that it is really really good.

      We are far away from this. 5 years minimum if not 10. And while Tesla is playing around with FSD and putting it now behind a subscription and fooled everyone with the promise of FSD with HW3 and below, it will not suddenly make Tesla the single leader in FSD at all.

      Waymo is working on it, Xpeng can do it, BMW, Mercedes and Nvidia.

      For Cybertaxies alone you need a lot of infrastructure (parking spots), cleaning crew, management software etc. you need the legal framework to be allowed to drive them (not going to happen anytime soon in europe) and then you only compete with normal taxis and uber.

      Reply View 6 replies
      • FeloniousHam 3 days ago

        > Real FSD for me at least, means I can sit in a 'car' open a laptop and work.

        Sure. Meanwhile, I'm literally using FSD 90% of the miles driven in my Y (the last update added a counter). I can appreciate a non-existant better product as much as the next guy, but as it is my daily commute is vastly improved.

        FSD isn't perfect (probably about 90%!), but it's everyday amazing and useful.

        Reply View 3 replies
      • slfnflctd 3 days ago

        > open a laptop and work

        I'm still convinced we are going to need dedicated roads - or lanes at the very least - and dedicated parking/waiting areas for this to be feasible on a truly large scale.

        However, it may be easier than we think-- they've already done something like this for rideshare drivers in many places, and it wouldn't necessarily need to be much more complicated than that.

        Reply View 1 reply
        • piva00 3 days ago

          Just build trains at that point, I use my laptop for work all the time when riding for a few hours. It has its dedicated lane, can travel at 220km/h, and it's a much smoother ride than any pothole'd American road.

          Reply View 0 replies
    • Tiktaalik 3 days ago

      what does it matter? Who is going to drive a nazi cab when you can take a Waymo?

      Beyond that the fact that both Google and Rivian are so sure LIDAR is critical it suggests that the LIDAR-less solution is unsafe and kept afloat by musk hype and neutered USA regulators.

      Reply View 1 reply
  • johnthewise 3 days ago

    It's more of a bet on the optimus

    Reply View 3 replies
    • cedws 3 days ago

      Optimus looks like a joke compared to the robots China has developed like Unitree.

      Reply View 0 replies
    • piva00 3 days ago

      Isn't that an issue as well? It's always a bet on the next promised land which never arrives, the goalposts change but the stock never takes a hit from undelivered promises, it's bonkers.

      Reply View 0 replies
    • 2muchcoffeeman 3 days ago

      Same same. What are they going to build? An AI bot or a bot controlled by a human?

      AI bot of course. Assuming it can move fast enough and is powerful enough, won’t work without competent AI.

      Reply View 0 replies
KptMarchewa 3 days ago

Once they actually start bleeding money they will go down.

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HWR_14 3 days ago

> would have never expected to see a cult of personality being run on the top of S&P 500 market caps,

Steve Jobs had a cult of personality as well. Of course Apple had financial reasons to support its valuation when he was leading it in the 2000s

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  • piva00 3 days ago

    But Apple under Steve Jobs had all the financial numbers to support it, it wasn't valued solely on Steve Jobs' personality, the products were there, and being loved by consumers. Revenue wasn't dipping while the stock was going up, revenue, market share, profits were consistently on the rise.

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sekai 3 days ago

The most successful meme stock in history, all driven by - "coming soon"

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