Quote from: RE on Jan 13, 2025, 06:06 PMFurther evidence of the collossal FRAUD that is Tesla and Elon Musk. Much like El Trumpo who sold himself as a Bizness Genius who built his fortune from nothing despite in fact having inherited his father's RE slumlord empire and gone bankrupt 5 times, Elon in reality sells a shitty product out of a company built on boatloads of debt and goobermint subsidies.
The only thing more pathetic than these guys are the people who vote for Trump and who buy Elon's EVs. Alsp pathetic is a system that rewards people like this and showers them with money and power, when what they really deserve is a jail cell, shunning and a life sentence cleaning toilets with their tongues.
Poster boys for the waning days of Capitalism.
https://electrek.co/2025/01/13/elon-musk-misrepresents-data-that-shows-tesla-is-still-years-away-from-unsupervised-self-driving/
Elon Musk misrepresents data that shows Tesla is still years away from unsupervised self-driving
RE
I continue to be puzzled by the stock price of Tesla as its pricing seems to defy gravity. Tesla has performed very poorly in Europe with sales down in the region of 40-60% year on year for the month of January in the key European markets such as Germany (down 59.5%), France (down 63%), Norway (down 38%) and UK (down 8%). Hard to see them growing in China, Asia, Africa or South American now. It will only get worse if Trump actually follows through with tariff wars.
What's more with the rise of conventional car companies and Chinese companies in the EV market it becomes harder to see where this growth will come from to justify the eye stock price. Because of this Tesla's only hope in outgunning the competition will be through its self-driving proposition. By marketing this technology as "close to completion" they can encourage some investors to retain their stock and get people to invest but how long they can maintain this charade remains an open question.
This certainly looks like a bubble stock but judging when it will burst is very tricky.