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by pseudosavant 14 days ago
This line seems to sum up the Musk Inc. situation perfectly:

> Musk’s detractors have been correct about Tesla’s terrible fundamentals, its Full Self-Driving lies, its robotaxi fantasies, its shaky accounting. But when they have imagined these things might affect the stock price, they have been wrong.

> Someday, someone, somewhere will make a lot of money shorting Tesla or SpaceX. But it’s unlikely to be you.

> For now, Tesla remains better understood as a religion than a financial investment, and we can now add SpaceX to that category.

1 comments

I've never understood Tesla's valuation as greater than the entire automotive industry combined.

But as a 95% FSD user, I'm living (and loving) the Full Self-Driving lie.