The bill comes due for Elon Musk(theverge.com)
theverge.com
The bill comes due for Elon Musk
https://www.theverge.com/2024/10/9/24265781/tesla-robotaxi-elon-musk-claims-safety-driverless-level-5
2 comments
What a ridiculus click-bait headline... Let's just imagine for a second that at the event tomorrow, Elon demos a toaster instead of anything FSD related. The stock would drop for a bit, but nothing else fundamental about the business would change and the business is still a cash generating juggernaught.
I can't wait until we have personal AIs to read and filter this drivel for us to the point that it becomes useless to post it!
I can't wait until we have personal AIs to read and filter this drivel for us to the point that it becomes useless to post it!
> and the business is still a cash generating juggernaught.
Current Tesla P/E: 67.78 (even for a large SaaS company, this would be very high; for a consumer goods manufacturer it’s virtually unheard of).
Current VW AG P/E: 3.14.
Like, people buying Tesla presumably aren’t buying primarily based on its earnings. There is an expectation of something more.
Current Tesla P/E: 67.78 (even for a large SaaS company, this would be very high; for a consumer goods manufacturer it’s virtually unheard of).
Current VW AG P/E: 3.14.
Like, people buying Tesla presumably aren’t buying primarily based on its earnings. There is an expectation of something more.
Tesla has transcended future expectations. Everybody knows FSD will be ready by the end of the year. I mean next year. It's the world's biggest meme stock.
FSD - Full Self Driving
Which is a bang on description of most Telsa releases. But this time they're promising a robotaxi, a much higher hurdle than the fuzzily defined FSD. The expectation should be no supervision, no humans, pass out drunk in the cab and wake up safely at home. Call me skeptical but I've followed Tesla enough to think that the reality will probably be more like a vague timeline resulting a few years later in a tiny fleet of Tesla owned cars operating in a small area with simple roads & weather and human "supervisors" actually doing the driving more than half the time. And the investors will flip out at how amazing that is and value the company even higher as they predict that it will out compete Uber, a company which struggles to make a profit.