[hodder]

Fake it til you make it is fine with startups, however with publicly traded securities it is fraud. Elon Musk gets away with a lot of things that most capital markets participants would be imprisoned for. I'd certainly be in jail if I did half the BS he does on an almost daily basis.

Yet, this fake it til you make model has enabled reflexivity in the growth and stock price allowing Tesla and other Musk ventures to grow and accomplish a lot with amazing speed.

An interesting study in Soros' theories. Turns out that lying about timelines, product capability (even existence), liquidity, buyouts, crypto pump and dumps, and defamation is heavily rewarded by the market. Particularly if your fame, past accomplishments, and world savior persona makes you immune to prosecution.

[ObserverNeutral]

> Yet, this fake it til you make model has enabled reflexivity in the growth and stock price allowing Tesla and other Musk ventures to grow and accomplish a lot with amazing speed.

But once you are a company that size the goal is to grow and accomplish amazing stuff but with great margins.

Tesla has essentially arrived at destination with regards to MarketCap, it won't become a 5 trillion dollar company. Nobody will. There is such a thing as the Sherman Act and Antitrust.

Tesla still lags behind in every other metric (especially margins) compared to similar companies of that size.

Seems to me Musk will have to work a whole lot just deliver and thus mantain the current valuation and his level of net worth right now.

Alternatively he could get to 5 trillions by promising new products at an increasingly higher rate and thus avoiding the antitrust laws. Those laws were written for a company which actually has a market dominance, not a company which has a stock market dominance based on the promises of the CEO and people believing in it and buying the stock.

I think from what we've seen, he's going in this direction exactly, he'll keep inflating the bubble that's for sure. He only has one gear

[fitzie]

this is how a narrative replaces unbiased journalism. the underlying email chain shows this conversation is regarding the full self driving "beta" that Tesla is slowly releasing. while it is clear that the regulators are concerned about customer confusion, they are more concerned that Tesla is releasing capabilities beyond what was explained to regulators (I.e. level 2). the reporter is able to twist this into a whistleblower like headline and use language that completely distorts the nature of the underlying conversation. readers can then opine on how they like or dislike Tesla/elon and ignore relevant facts.

Tesla has shown that it is taking increasing steps to ensure people are using fsd responsibly. while autopilot used used simplistic sensors to gauge operator attentiveness, fsd uses cameras to watch to driver. as elon has said, with autopilot, the company has data that proves that it reduces the risk of accident. he has said there is a moral argument that it is immoral to wait until it is "complete" before making it widely available. this evidence is regularly ignored by people talking about the dangers of Tesla/elon automation claims.