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.
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.
You mean just maybe Tesla isn’t worth more than all other car makers combined. I can’t believe it.
“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.
… . 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.
