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by fnordpiglet
167 days ago
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To be fair stock price is not a great indicator of much. Sales are down YoY with no prospect of recovery. Stock price has no bearing on current operations unless they raise capital by selling equity. It’s also been the case that Tesla stock price has been disconnected from performance often. The amount of ill will he’s generated among his core market is enormous, and the tailwinds he had with green policy have been replace with significant head winds with an aggressively (and bizarrely) pro-pollution administration based on a retribution model than a technocratic model. This is especially bad for Tesla as musk actively sought retribution so there is no reason to believe this is going to go well for Tesla over the next few years. He dumped all over his customers to curry favor with someone that now hates him and has a history of actively seeking revenge - what a mess. As an owner of two Tesla and a frequent user of autopilot with FSD, I don’t believe we will be seeing a significant rollout in any but the easiest to travel areas. SF, LA, Seattle or the other places Waymo currently is either running or preparing to operate are much more challenging road environments than Austin, and Waymo is already fully autonomous with years of track record in these areas. There’s no chance robotaxi will overtake Waymo - I use them often, use FSD often. They aren’t comparable - Waymo is considerably more advanced and capable. Sorry man, I wished Tesla was going to win out, but by shifting focus to ever more bizarre efforts away from their core cars (when’s the last time a real X or S model refresh happened?) they lost the initiative. BYD and the other legion of Chinese EV are going to eat Tesla alive within 5 years. I’ve had the chance to ride in and drive many of the brands overseas and they are a fraction the price and about as good. It’s over. |
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