What a complete joke that company is
this post was submitted on 13 Jun 2024
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Yeah that 500b company printing money and disrupting the entire transportation industry. What π a π joke π lol.
To be clear this isn't official results, this is what musk is projecting.
But the only think the big holders care about is their return rates. And they know Tesla is waaaaaaay overvalued. It's all based on hype.
So would Tesla be a better company free of musk?
Undoubtedly.
But they don't care about that. Musk hype drove the stock price up, no real company would be so overvalued. Without continued hype, the price goes down, which might cause a run on the stock and might end the company.
musk is Tesla. And it's why the company will be nothing but hype. Doesn't matter if the company loses money as long as stock price keeps going up.
Making quality vehicles isnt their business model, it's keeping the stock price up.
Insane. No one person should have, or deserve, 56 billion dollars. And especially this piece of shit.
You're acting like this was his standard salary. It wasn't. His contact, approved by shareholders at the time, basically offered him a King's ransom for an impossible miracle, defined with metrics like sales and stock price. Elon delivered the miracle. Love him or hate him, the conditions were met.
How is this company still so valuable.
I would buy literally any other electric car than a Tesla.
They have a huge head start. And their battery tech is top notch even if the rest of the vehicle is poorly build.
I'd personally never buy one either, for multiple reasons, but most people don't care/know about the shitty build quality, the shitty ai and the scummy locking features down remotely when you sell the car.
Is the battery tech that good though? Genuinely donβt know.
Seems other manufacturers have a huge head start in every other area of manufacturing cars and even if they still lag behind on battery tech, it wonβt be long before they catch up on this one metric, whereas Tesla would have to catch up on every other metric.
It is. Their cooling / heating system along with the battery is top notch. Others are catching up though.
And yes in terms of fit and build quality most actual car manufacturers are ahead.
Of course you also have Ford an ICE manufacturer that's been building cars for centuries and still manages to produce shit with awful QA and constant recalls.