| >Why would you consider the market leader of a market a reliable source for information on the market? You seem to be ignoring how they literally created and led this market over the last 15+ years. I get how you are so blinded by your hate of one man that you completely ignore the facts on the ground but do you have to make it so obvious? > Maybe this is obvious to me coming from a world where all banks have their own analysts and all but the idea of trusting a market leader is just insane. Information asymmetry is so important to capitalism he's obviously not going to provide the full picture. This would be a plausible statement if it hasn't been disproven time and time agin over the last 10 years. See the entire short industry that got burned by their analysts. I was there on day 1 of the /r/Realtesla a subreddit dedicated to pushing the thesis of following industry experts and analysis. In 2019 they were convinced that Tesla was structurally bankrupt. The hard lesson I learned after years of failed predictions based on analysis is that banks and analysts only have a snapshot of a current moment in time and do not consider the fast moving nature of innovation led companies. They have gotten this wrong with many tech companies but especially Tesla. Just to give you one example: all the analysts and shorts were certain that Tesla would fail in 2018 due to their live up to the minute counts of materials going in and out of the factories. They had live video feeds of everything happening outside the factory. They failed to predict Musk using a loophole in California laws to set up a giant tent and get production levels increased. That changed the entire calculus. Musk has repeatedly proven the analysts wrong and so I'd ask why would you continue to trust them? Their motivation is to get people to pay their fees yet it seems as if they suffer no major consequences for continually getting it wrong. Going back to what Musk said(which you obviously didn't even bother reading): "If there are no trade barriers established, they will pretty much demolish most other car companies in the world," he said. "They're extremely good." You might be able to make the argument that he is self serving in his comments but this quote is a poor hill to die on. |