Elon Musk offers to buy Twitter for $54.20 a share, saying it needs to be 'transformed as private company' https://t.co/xbhw4tJZQ3— CNBC (@CNBC) April 14, 2022
I still don't understand Tesla's valuation. The big automakers are pretty much caught up on the electric tech and nearly there on self-driving. But Tesla's valuation only makes sense if investors think Tesla will eventually dominate the auto market - or something else. And the only plausible "something else" I've heard is the thought that Tesla will eventually be the world's vehicle/building battery supplier. And even then...
(And fuck capitalism it's gonna collapse on itself at some point, but that doesn't mean stock market valuations are entirely irrational)
I think Tesla and Tesla products (Solar shingles/power wall) have been good for the market in that some other brand says "Hey I can do that for cheaper" For instance the Solar shingle from tesla is shit and horribly estimated, where other companies are coming out with much better solutions that are actually viable, and have rode the hype to get it to market.
Their cars also highlight how shit their QA process is compared to more contemporary vehicles at a similar price point.
This is completely removing the scope of how employees are treated. Which ya Gulag. SpaceX and the like should not exist and should not need to exist. Again Gulag.
The cult of personality is his brand at this point I guess and he can do whatever he wants now. SEC can't touch him clearly.
It's the credits, the ev credit system is based on what percentage of production is electric. With Tesla it's 100% so every car they make gets the maximum credit (like $10k or something) meaning they're selling a car that they get paid by the government to produce for pure profit.
They can also sell those credits to other automakers and casinos apparently so it's just a giant racket for expropriating public funds
I still don't understand Tesla's valuation. The big automakers are pretty much caught up on the electric tech and nearly there on self-driving. But Tesla's valuation only makes sense if investors think Tesla will eventually dominate the auto market - or something else. And the only plausible "something else" I've heard is the thought that Tesla will eventually be the world's vehicle/building battery supplier. And even then...
(And fuck capitalism it's gonna collapse on itself at some point, but that doesn't mean stock market valuations are entirely irrational)
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:marx-joker: :lenin-walenin: :mao-wtf: :melon-musk:
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What is a stock if not an NFT?
I think Tesla and Tesla products (Solar shingles/power wall) have been good for the market in that some other brand says "Hey I can do that for cheaper" For instance the Solar shingle from tesla is shit and horribly estimated, where other companies are coming out with much better solutions that are actually viable, and have rode the hype to get it to market.
Their cars also highlight how shit their QA process is compared to more contemporary vehicles at a similar price point.
This is completely removing the scope of how employees are treated. Which ya Gulag. SpaceX and the like should not exist and should not need to exist. Again Gulag.
The cult of personality is his brand at this point I guess and he can do whatever he wants now. SEC can't touch him clearly.
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Absolutely, but watching the solar roof tiles finally take off has me excited regardless.
It's the credits, the ev credit system is based on what percentage of production is electric. With Tesla it's 100% so every car they make gets the maximum credit (like $10k or something) meaning they're selling a car that they get paid by the government to produce for pure profit.
They can also sell those credits to other automakers and casinos apparently so it's just a giant racket for expropriating public funds
Redditors have money, buy cars and act against their material interests.