|
|
|
|
|
by graycrow
1264 days ago
|
|
Every time there is an article about Tesla, the vast majority of comments here are either too critical, too ignorant, or just FUD. It's too unbalanced, no other company (good or bad) gets such bad treatment here. I see many of the HN audience here are just repeating the media narrative without their own experience or even trying to understand the topic. Yes, Tesla is moving at the forefront of EV development, and yes, sometimes not everything is delivered as promised or on time. But on the other hand, this is HN, we're supposed to love new technology and engineering! Why so negative? It's pathetic. |
|
The valuation of the most valuable car company in the world has fallen 70% in the past year. Tesla has shed more in market cap in the past year than the GDP of most countries. How is that not remarkable?
It's emblematic of the collective insanity of tech investors in the past couple of years - that's the interesting story, and that's where the criticism lies. Tech investors have made comically bad, bad bets industry-wide in recent years, and Tesla has been one of the biggest.
It's not overly critical to think Tesla's valuation has been insane and unjustifiable, or that it's "just a car company". At least saying it's "just a car company" is admitting that there's some fundamentally valuable business behind it, unlike some other money-pit companies out there.