How’s that 2016 promise of LA to NYC autonomous driving goal going for Musk? Or his Cybercab venture going? And the decision to not use LIDAR in his vehicles? Or the Cybertruck’s dismal engineering and sales?
- “(Scoffs). You’re an engineer? Yeah, right. What about that Challenger explosion? And how come you don’t put anyone on the Moon for 50 years? Engineer…”
He’s a hype man. Tesla is a meme stock and always has been. There is no objective valuation that Tesla should be valued as highly as it is. The future projected revenue and definitely not the current revenue support it. Sales popped right before the EV credit is going away. But at most that is probably a dead cat bounce.
He essentially invented the electric car industry. E cars before then were impractical and failures.
> There is no objective valuation
Value investing is Warren Buffett's style, which is generally a backwards looking approach. It's not good at predicting transformative technologies. Such was no good at predicting the success of, say, Apple, Microsoft, Amazon, Facebook, etc.
Okay. He invented it. So what? Other companies are selling more and the first mover advantage is moot.
And the other examples you ara giving…
Apple’s valuation went up as it was clear that Apple had a sustainable advantage and was going to see increasing revenues and profits going forward. Where are the companies that invented the modern smart phone?
Microsoft has a sustainable advantage that hasn’t been challenged in over four decades with operating systems, office apps and later cloud services. But their stock was in the doldrums in the 2000s when investors didn’t see a sustainable advantage with increasing revenues
Meta has also been volatile when investors didn’t see a sustainable advantage.
Musk really is that good and nobody else is capable of building factories in the US, but the skills are in raising money and defeating NIMBYism. Raising money (and starting startups) involves a lot of lies and delusions which are not always adaptive skills.
He fell off when he lost his egirl and became a drug addict.
- “(Scoffs). You’re an engineer? Yeah, right. What about that Challenger explosion? And how come you don’t put anyone on the Moon for 50 years? Engineer…”
That’s how your comment reads.