We’re not on the ragged edge of death, not even close.
Musk is very confident that they’re not on the “ragged edge of death”. So they’re definitely on the ragged edge of death.
(F)ELON
How did I not notice this until now?
… . and Tesla stock is somehow STILL over-valued.
This is complicated and something you have to understand the stock market to even imagine. Certain stocks retain value way above what may be considered their value because of the propensity of other people to buy the stock. Tesla is something that falls into the realm of what people will call ‘shit beta,’ which is a stock that only has value because people know that it is volatile and will therefore have value. It’s hard to explain, but think about it as a diamond or a Birkin bag - it’s valuable because people think it’s valuable, way beyond what it’s actually worth. And as long as people think that it’s going to be worth one dollar more than it’s actually worth right now, they’ll buy it. It’s ridiculous, but here we are.
“We’ve gone through many a crisis over the years and actually been… on the ragged edge of death – at least, maybe a dozen times,” he told investors on the conference call Tuesday. “This is not one of those times. We’re not on the ragged edge of death, not even close. There are some challenges and I expect that this year will be probably be some unexpected bumps this year but I remain extremely optimistic about the future of the company.”
I was wondering why the stock price got so much air in the last few days. He got on the phone with his tech bro stock holders and promised miracles. But… Full Self Drive is a joke, there aren’t any new models being developed, the cyber truck is a disaster, and he’s outted himself as a mother fucking Nazi. It may take a while but his bag of tricks is running close to empty and being a ketamine junky isn’t helping him.
Full self driving always was a lie, from day one, and just literally about everything he has said oh the past decade has been proven a lie. Elmo is a scammer who was born into wealth and who got extremely lucky. Times up, motherfracker
Full self driving itself isn’t a lie, just Tesla’s full self driving with only cameras and a ridiculous time scale is a lie.
With lidar, full self driving will probably be usable in the next 10ish years, for at least most simple driving tasks. But every single Tesla only uses regular cameras, and that’s probably never gonna happen. Cameras are just not good enough. Elmo says things like “humans only use vision to drive, so cars can too”, but he’s not taking into account how bad cameras are compared to our eyes. The best cameras in the world don’t even come close to our eyes’ dynamic range, and Tesla is using cheap consumer cameras. Not to mention how quickly our eyes focus compared to consumer cameras (which is why Tesla cameras use a super narrow aperture, so they don’t really need to focus, at the expense of losing a lot of depth information and adding a lot of noise in low-light).
Our eyes are also powered by our brains, another thing Elmo tends to forget. We can adapt to situations we’ve never been trained on, and we can make incredibly accurate predictions in near real time. Computers will eventually get there, but they’re not there yet, hence why Teslas have a tendency to drive full speed into obstacles they’ve never seen before (like an overturned truck).
Computers need mountains more information than we do to make even close to the predictions that we can, and that’s just not something a Tesla with a few cameras can do.
Awesome in-depth, thanks!
And yeah, like I said, everything he says is a lie, even in and around SpaceX, which too is a shit show beyond first glance.
This Fu ker should be in jail for life. No capital punishment, let him just slowly fade away, forgotten, in a cell
In my opinion you shouldn’t even be able to market FSD if there isn’t an insurance pool that the company covers for when it’s activated.
You mean just maybe Tesla isn’t worth more than all other car makers combined. I can’t believe it.
Que Halo 2 marine scene “I don’t believe it!”
¿Que?
Cue
It was only able to post a $409 million profit in the quarter thanks to the sale of $595 million worth of regulatory credits to other automakers.
But if the Trump administration gets its way, the company can kiss those regulatory credits keeping it in the black goodbye, too.
Bwahahaha.
Don’t worry, he will angel invest in something else, force the owners out, and steal the idea soon enough. You don’t change what works.
That was probably easier before everyone knew he’s a Nazi supporter.
when he’s doing nazi salutes and actively dismantling the US, I think it’s safe to say he’s just a nazi. People buying Teslas are nazi supporters.
Fair enough. I was trying to avoid the “sparkling fascism unless it’s 1930s Germany” argument that I’ve seen made before.
Other fascists don’t use that particular salute.
That joke once got someone 35 karma, and hundreds of people think that we need to be continuously reminded of it. Just like:
“Conservatism needs 2 things to be true”
“blah blah I award you no points and may God have mercy on your soul.”
Look, I was going to make a long list of annoying copypasta but I’m “functioning” on 2 1/2 hrs of sleep, so I may need to crowdsource. But we all know the ones, you read 2/3 of a sentence and recognize what it is and scream “God FUCKING damnit! AGAIN?!?”
I don’t think the powerful care just as long as the stock price goes up.
It’s really outrageous that it’s illegal to sell snap benefits, but Tesla can make like half of its income off of doing nothing but selling regulatory credits to other auto makers, and it’s also the only thing that is allowing them to stay afloat right now it seems like.
They are getting wrecked because the CEO is a Nazi schatze and other companies are innovating in a practical, deliverable manner and not selling vaporware.
That’s a good one-two punch in the grapes for any company.
They appear very bad
Let’s do what we can to help them be even worse.
The Tesla board is not doing its job to protect the investors by keeping Melon as CEO!
I just hope that if/when they go under that the charging infrastructure they built up is able to remain.
Someone like Electrify America will buy it up.
Good
