Elon is going to break the company or the country trying to hit that bonus. Cashing out seems wise.
The only thing that's gonna sink this stock is the rest of the air going out of the market Cathie Wood is managing pennies at this point
oh fuck cathy wood abandoning ship ?
Gotta hype the exit liquidity, where's Jim Cramer?
“The firm has estimated that around 90% of Tesla's enterprise value and earnings will be attributed to the robotaxi business in 2029”. Take all the ride share and taxi business, combine them, and they are a fraction of Tesla’s meme stock. So where does that leave Tesla stock in 2029? Def not 2600, prolly more like 30ish.
Jim Cramer: Tesla, but the dip now!
My absolute favorite Cramer moment has to be him hyping AI for years, and just last week trying chatgpt for the first time and saying he's not impressed. Years of hype without bothering to try the flagship product and figure out what everyone else already knows about AI reliability
Due to advanced technology Elon has been working on, Cathy Woods has agreed to have Elon's baby.
Uber is only valued at $200B and that’s based on bets they’ll also succeed in some AI robotaxi business of their own since their P/E is so abysmal. Tesla would need to take all of Ubers market share and have a healthy profit margin to be worth 1/5th of its current valuation. lol
Honestly, reading the article it just sounds like routine portfolio balancing, given that it is still their largest position.
At least I have something to smile about as my retirement gets pushed back.
Tesla is a meme and we all know it. Unfortunately like any meme it’s going to float back in value and stay there for longer than we all expect. I am definitely at least 1 year longer in my estimated collapse. I suspect another 3-6 months since it will be all about robotaxi and robots during the upcoming quarters. One kind word on either front is enough to sky this thing. Playing both sides in my stock trades for now.
Robotaxi was also 90% of their valuation for Tesla in 2025 in 2021, so I wouldn’t worry about reality.
I honestly don't understand how she's considered this sage when she's almost as bad at investing as the jokers on r/ wsb
Nobody has ever explained to me why taxi services are considered such a jackpot
Don't worry about 2025 valuation. Elon saw that car sized quad copter, so he is going to pretend that is the next Roadster. Coming out next year. For 45,000 dollars. And uses cold gas thrusters.
You'll be able to sell off all the bodily fluids you clean from your Robotaxi to medical insurance companies, or something...
What I understood is this: \-Nearly all the cost of a taxi is the driver \-Replace it by a software and taxi rides cost peanuts \-Make huge profits. i.e. take the money that was going to the drivers and give it to Elon
> -Nearly all the cost of a taxi is the driver I think there's data that says otherwise? Google seems to say only about 33% of the (gross) fare goes to the driver. Now this is no small amount I am sure, but it's not like a replacement is going to be free?
Not abandoning, just trimming this quarter to reflect not holding more than 10% of a single stock in their portfolio. Nothing outside the normal musical chairs for diversification.
Won't cashing out not do much if he breaks the country?
Arkk one of the biggest P&D
It's funny how I'm seeing these people saying that in order to reduce the garbage outputs, you need to structure your prompts in increasingly complex ways. Almost like 2/3rds of the outputs have always been garbage.
You convert to gold after cashing out. Duh!!!
Profits in a commodity industry only go to the first-movers. By time Tesla gets into the robotaxi biz, profits will be nil and it will effectively be a race to the bottom.
This year will show a decline but this last quarter will be very dismal in the US. Anyone that was going to buy Tesla would have bought it pre loss of subsidy. (and why they did decent last quarter). The taxi already had 4 accidents. (Possibly more now). Tesla has to release that they were in an accident but does not release any details. This is 4 accidents that got past the safety driver. How many accidents would there have been with no safety driver. Ya they can remove the driver in a few months (likely will not get the regulatory), but it will be interesting to see the accident rate. And a death...
Her age is currently 69 years (lol).
Issue is: Either you take the drivers salary as profit, then you're stuck with the comparatively small market and small absolute profits. Or you expand your market and compete with car ownership, then your margins will be tiny and also lead to small overall profits. Neither way is this a trillion dollar company business. And that's assuming everything works out like Murks promised, which it won't.
She'd be the [5th oldest mother](https://www.oldest.org/people/mothers/) in the world, after 4 Indians who used IVF up to the age of 74.
The global taxi market is just $250 billion in revenues now, the US ride-hailing + taxi market just $82 billion. And I'd be very surprised if even a fully autonomous taxi company could have a valuation of over twice revenue. Tires, electricity, maintenance, insurance, human oversight, it all costs money, these aren't software companies. Even at market rates its only lucrative if there's restricted competition (as with NYC taxi medallions). Add in competition from Uber, Lyft, Waymo, legacy taxi companies, and they'll just drive margins into the pavement.
But the tech to self drive is crazy expensive and there are tons of competitors. Waymo is giving thousands of rides a day. Eventually the price will drop until it’s a low profit margin. There is no patent keeping others from the market and Tesla is in at least third place at the moment. Google and Amazon ahead.
They are in third place at best with inferior technology. It’s all hype.
Large language models do not know anything about the real world, or have internal models of the world, and are simply picking the most probable next token/word based on their context in their training set and in the prompt/context window. No fact or source citation from them is reliable, they don't produce maintainable code. Once one understands this, there remain some useful applications. They're a pay-per session brainstorming session. When I wanted vitriol about megachurch pastor Joel Osteen, as written by 19th century orator Robert Ingersoll, Chat CPT did a much better job than I could.
This guy gets it. Commodity business with expensive hardware and lawsuits.
Even that is assuming they’re even allowed to operate in all major cities. If they can’t figure out the licensing and regulations, they may max out at 10% of Uber or Lyft’s market penetration, as opposed to those guys who have pretty free rein to operate anywhere. The only way Tesla robotaxis make any significant revenue at all is if they start moving drugs.
P/E is now only 9x the market average. Still got a long way to go before this properly unwinds and returns to earth.
Not enough
Seems like yesterday TSLA holders were eyeing $ 600.
the idea is that robotaxis will be how people get around, period, people won't own cars anymore. It's like, driving as a service. Yes, I agree. It's almost unbelievable how stupid an idea it is. But, that's the idea.
Having read the article, this looks more like balancing to keep within fund mandates and less like abandon ship.
>The pastor of Houston, Joel Osteen >Whose mansion's a sight to be seen >He'd promise the faithful a miracle >And fleece them with methods empirical >While counting his blessings obscene Yes, LLMs have their uses. Not all of them are productive.
90% of nothing ain't much.
She was considered a sage when ARK did well for a bit in 2020/21. After that the portfolio started declining and Cathy still kept making wackjob predictions which tanked her credibility. After all that, people realised that ARK just got lucky in a volatile stock market. That's it
and that assuming they have no competition. cough cough waymo.
This exactly. The technology will be so widespread in 10 years that it will basically be a commodity product.
Oh
Yes, even if they manage to produce something, it still only justifies maybe a $10-15 price.
We know there's some ketamine being moved.
Because everyone wants to ride in someone else's sloppy seconds.
Because they aren't. It's all part of the illusion that TSLA has a future.
I wouldn't say that. I've seen some videos where Uber drivers have shown full acounting of income vs. expenses. Yes they spend a lot of vehical maintenance and fuel, but the drivers are pulling in most of the money.
Investors is a big right wing publication too.
[https://www.youtube.com/watch?v=iFme5QgpJxo](https://www.youtube.com/watch?v=iFme5QgpJxo)
As usual with Tesla it's a bunch of pie in the sky assumptions despite the lack of a clear business model or any actual operational metrics. Some assumptions are: - It'll cost basically nothing to build the Robotaxi vehicle and it'll last forever with minimal maintenance. As such depreciation (a major cost for anything involving a vehicle) will be ridiculously low as will maintenance. - Cleaning costs will also be minimal because Tesla made some rendering of robot arms with vacuums on them. - Tesla may or may not self insure because FSD will be so perfect that it will never crash or they'll never be at fault if there's an accident. - Operating cost will be so low that people will opt to just use Tesla's robotaxi service instead of owning a car and the overall robotaxi market will be much larger than rideshare as a result. - There's going to be some nebulous rideshare network for existing Tesla owners to put their vehicles into the mix at some unknown price point since the robotaxi itself only seats two and isn't practical for a lot of scenarios that require a vehicle. - Fuel costs will be super low because it's an EV. - Absolutely no one will be able to compete because the Robotaxi vehicle is so cheap and vision only will be so much cheaper and superior to any multimodal sensor approach, etc. - Tesla might also have a big van/bus at some point for some reason (probably because Musk hates public transportation and things that actually reduce traffic congestion). That's the pitch anyways and it's similar to other promises Musk has made like how the Cybertruck was going to perform better and cost less than an F150.
4 accidents? Dude, it had 37 in the first week. It has a distance between incidents of 235 miles, versus waymo at 150.000
Uber is not a Taxi.
It's a ride for hire, therefore a taxi.
Login is required to comment.
Login with Google