Fuck Elon Musk, Fuck Tesla, but Fuck the Wall-Street need for continuous unending growth more
Continuous unending growth will work bro. Please trust me! Expecting infinite growth within a system with finite resources definitely makes sense and is totally sustainable.
Imagine a car company selling the same model and style of car for over 10 years. That’s almost every car in their line up except for the goofy rust box. There is no innovation in Tesla.
Remember when Tesla was an exciting and emergent name in energy and power systems? Tesla solar tiles made solar look incredible. What has Tesla done lately to drive down costs or increase value? Nothing. They recently came out with the 3rd iteration of their on-site battery and it is a lateral move from their earlier models. There is no long term growth or money put into research. There is no innovation at Tesla.
There’s innovation. He had his engineers remove the radar sensors which made the cars more accident prone when doing actions considered solved problems by other car manufacturers
Yeah, pretty much every complaint about the current state of Tesla’s FSD boils down to one acronym: “LiDAR”.
For the unaware, Elon has convinced himself that cars should be able to drive better than humans, while receiving less visual information via LiDAR. All of the early “wow factor” stuff from Tesla’s self-driving, (like the car automatically braking because it sensed an accident four cars ahead,) was due to radar. But Elon demanded that they get rid of the radar sensors, and move entirely to LiDAR. Because it has lasers.
But the problem with LiDAR is that it can’t see around obstacles. It works via light, just like our eyes, and that means it can’t detect anything beyond the car in front of it. With radar, it could see two or three cars ahead. It could see through/around them to detect obstacles, pedestrians, etc… But now it can’t do any of that, so they’re much more prone to accidents.
You’re slightly off here. Elon (and Tesla as an extension) doesn’t like LiDAR, and doesn’t use it in any of the vehicles. Cost, complexity, and sensor fusion issues make it undesirable to them.
Tesla is using a vision only approach for their various driver assistance features, including FSD (and you should be able to find presentations where he mentions that humans use vision, so the cars should too). Whether that is a good thing or not is up to interpretation.
None of the past or current Tesla models have LiDAR sensors - only radar, ultrasonic, and 7/8 cameras (with radar and ultrasonic sensors being absent from some newer vehicles)
Once Elon steps down from Tesla, the stocks will go up again.
The only reason why tesla is this high is because of the lies and outright fraud (“funding secured”) perpetrated by musk. The lies had fanboys believing it’s a battery manufacturing leader, AI company, robotics, and even space company (because of spaceX, even though it’s a separate company). However, the “battery manufacturing” is assembling battery cells which are actually made by Panasonic. The “AI” is a terrible self-driving mode which isn’t anywhere close to fully self-driving like musk promised long ago. The robotics is straight-up vaporware, even more than most musk lies.
So what you’re left with is a regular EV company which has now been beaten by BYD in terms of number of EVs sold and BYD is poised to expand much more than tesla. This regular EV company that is getting outcompeted and shows unpromising growth is somehow valued more than multiple top automotive companies combined still. This trash has a long way to fall and I wouldn’t be surprised if it gets kicked out of the S&P 500 which would make it fall even harder.
Nope. Tesla had been extremely overvalued (think in the range of a factor of 10) and continues to be much more “worth” than it’s real value. It has a new product that gave it an edge. Other car manufacturers that are factors bigger than Tesla have caught on and are surpassing it quickly. The way I see it, Tesla is dead soon
For anyone wondering, Teslas market cap is roughly $500 billion and Ford is ~$50 billion.
There is no way Tesla is worth 10 times what Ford is.
Ford’s total revenue last year was $176 billion and Tesla’s was $96 billion.
Also, Ford makes a butt load more models and units than Tesla. Tesla has, what, 4 models? Teslas stock price is ridiculous
The number of models is irrelevant, sales are what matter.
I’d say it is. Making a new model car requires a lot of investments, setting up supply chains and what not. Ford has done a shit tonne of that AND sold factors more cars than tesla. It may not be the main point of critique, but it definitely counts
Thunderf00t predicted bankruptcy… Here we go.
Who?
Yes, but his anti-Musk content is spot on so far.
