[mjhagen]

Meanwhile, TSLA is up 2% pre market.

[manuelabeledo]

Further evidence that its product is the stock.

[FredPret]

One cracked casting will not move the stock. One million, maybe. $TSLA is a big company.

[manuelabeledo]

Musk surely seems more interested in pumping up the stock than actually addressing quality issues.

[FredPret]

You're right that a higher market cap is one definition of success.

Keeping it high is another.

Electrification of human transport is another.

I suspect he wants it all, and having a higher market cap right now is a way to get the other two - TSLA raised a massive amount of capital off of their high valuation.

[misiti3780]

what does that even mean ?

[Workaccount2]

The people buying Tesla stock buy it because it just goes up, regardless of the health or future of the underlying company.

[misiti3780]

The share price hasn't only risen; over the past two years, it has fluctuated between $100 and $400 per share.

Also - one defect means absolutely nothing. They make solid cars, everyone that owns one knows that.

[manuelabeledo]

> They make solid cars, everyone that owns one knows that.

Data seems to disagree with this statement [0]

Tesla is also notorious for glaring QC issues, like missing bits and obvious panel gaps.

[0] https://www.forbes.com/sites/edgarsten/2023/02/09/tesla-tank...

[misiti3780]

If Tesla cars were such POS, they wouldnt be growing 50% Q/o/Q. They have the most popular selling cars in multiple countries (Model Y).

The news picks up on the .0001% of problems and those customers are always the loudest (understandably). For ever cracked front casking, there are tens of thousands of solid castings. Austin alone makes 5K Ys per week.

https://www.teslarati.com/tesla-giga-texas-5000-unit-weekly-....

[sebzim4500]

Either that or a defect in a single car is not going to affect the value of a company that sells millions of cars a year