Hey but you can download a taxi app from TSLA and get an error message, apparently. That should more than compensate loss of business in the rest of the world. Expect another 50-100b added to the TSLA valuation! Calllls!!
No one cares about Sales or robo Taxi. Optimus is worth 3-5 bn. No one can explain who will buy this thing but hey its Coming next year.
People are going to look back at Tesla fifty years from now, and talk about the same nonsense tropes about "losing first-mover advantage" that they use to discuss RIM and other famous failures. No... you had a company turning out fundamentally shitty products, run by an absolute jackass. It just took the better part of a decade for the market to catch on.
The analogy with RIM is right on the mark!
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Yeah agreed. Reality will set in at some point.
But but everyone was waiting for the Juniper right?
Isnt it? This Generations blackberry.
You mean 3-5 Trillion Billion?
No company can escape gravity long term. It will catch the market cap sooner or later unless Elon delivers Robotaxi and drastically expands car portfolio. Both seem low probability now
It’s 9:19 EST, still time to buy pre-market before the 10% pop on opening bell with this tremendous news.
>unless Elon delivers Robotaxi Okay, but why? Even if Tesla did manage to produce a vehicle capable of level 5 autonomy (and they're not going to do that, but for the sake of argument, let's say they did) it would be a matter of maybe a year or two before the reality set in that autonomous taxis are not going to be the society-altering event that their proponents claim they are.
Simply because it will create a lot of upside uncertainty and positive uncertainty is very valuable and rare. The market of working robotaxis can be worth billions / trillions and Tesla might be one of the first to capture it. It all makes sense, the problem is that there is not enough evidence that Tesla is the company to crack it.
It's just me or it feels the stock market is just propelled by closing wall street eye and marching in the void? We have a president that is doing billions of crypto fraud, crime is legal, an enormous AI bubble that can never get back the hundreds billion invested, and Tesla is supposedly a growth EV company that is doing the opposite of growing and pivoting to robot maids and tariffs throwing a wrench to global supply chains... And yet it's record high day after day... I know the market can stay irrational longer than shorts can stay solvent, but holy molly!
>>> No... you had a company turning out fundamentally shitty products, run by an absolute jackass, *and held up by a ton of sketchy options trading that forces market makers to buy the stock to hedge.* It just took the better part of a decade for the market to catch on *because the SEC, supposed “experts,”* is clueless and impotent.* FTFY
There’s so much manipulation by Tesla in the options markets, that if not addressed this thing can keep climbing.
Tesla fans thought Tesla was Apple. Apple never had first movers advantage, they came in later. And they definitely didn't get so politically involved that major boycotts broke out. They have stayed out of politics as much as possible.
There's money in robotaxis. They have a massive potential as the best way to deliver ads. It's why Google owns Waymo. They'll plaster the cars in ads like a bus. And also have ads inside the cars. Tesla thinks they'll make money on actual trips and I don't see that happening. These robotaxis still need to be cleaned, serviced, etc.
I feel like it's actually quite close to RIM. The Blackberry had a huge enthusiast following in its time, much like Tesla. Tesla's products have poor quality control, but they were well liked during their first decade on the market. Which sounds a lot like Blackberry, first mover, popular with enthusiasts, failed to win mass market.
Per share?! Shut up Cathie Wood...
Tesla will burn though all its cash before ever becoming profitable on their bullshit ai scams.
Tesla is more like Commodore. They had better products for years, and then their shitty leadership let the competitors pass them by.
Yep. People seem to ignore this. But TheY Have $30 billionz in cash!!1! True, but their core business is unprofitable and getting worse. They can’t keep up with the R&D money that Meta, Google, and others will throw at this gold rush.
After I die. Until then TSLA to the moon.
I think it is more like Howard Hughes and his numerous endeavors that soared high and then crashed. Tesla still has one of the better product offerings for non-Chinese manufacturers. It would be growing if Elon didn’t go full Hitlet.
This much bad news is going to send the stock to the moon.
Partially made impotent by Musk's lawyers.
Okay but Elon said Tesla will be a $30T (at least) company so I’m all in
More money would probably be in "Robotrucks". Saving the cost of truckdrivers would be massive and cleaning etc. wouldn't be an issue. Also, loading arreas could be specifically mapped and designed for them much more easily than "everywhere".
Problem is Tesla is struggling to even sell their current truck.
You're forgetting dollar devaluation and inflation, both push up the numbers of assets without any "real" gain. From an € perspective, the S&P is down -2.4% YTD and -5.1% in real terms, if you add in US inflation. Also, apart from clown stocks like Tesla and the crypto fraud, the US economy is still strong and profits good. Maybe overvalued, but you can't expect massive downturns of the whole market, just because a small fraction doesn't make sense. Obviously that all could change soon, as more tariffs filter through and Trump dismantles all the safeguards bit by bit...
No company can long term consistently manipulate its share price. Not to say a trillion dollar company with falling sales, evaporating profits, growing competition, regulatory headwinds, and failed launches. Everybody see what happens. Reckoning is coming, tik-tok, tik-tok
"Struggling to even sell" as in: "They don't even have trucks to sell" you mean? Apart from their 140 gimmick vehicles, actual production has been "next year" for like 5+ years. (How uncommon for Tesla. /s) Meanwhile the competition has been selling functional ev trucks for years (without insane promises of specs).
Even if they could build them, nobody wants them. There's no quality guarantee, no expectation of reliability. And that is pretty important for a constantly used semi. And that's before we get into the absolute garbage design. Truck drivers don't sit in the middle of the cabin for a reason. All the changes they've made are incredibly dumb honestly.
It gets so much on a regular basis through TDFs from 401ks. All they need to do is support it at critical points.
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>I don't think the market cap is as big as people think it is Neither does the rational market. Where is the massive surge on Google's stock from Waymo having literal self driving robotaxis in some markets? It doesn't exist. Only when it's Tesla does it have such a dramatic impact. Same with robotics. Hyundai owns Boston Dynamics which is way ahead of Tesla, but the stock market doesn't care when it's not Tesla.
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blackberry had actually cutting edge tech, decent products, a great ecosystem nobody could tap into, but they doubled down on the wrong new trends... Tesla has mediocre products at shit quality that only fanbkis think can outcompete... not sure RIM is the right comparison. maybe the asshole hubris of key people .... the betting on the wrong, legacy tech stack... the shady business practices...
Commodore also had a dickhead, narcissistic CEO, but at least he absolutely wasn’t a Nazi!
I’ve gotta get me some of that IPET.
And achieved zero success, instead suckled billions of dollars from the tax payer's teat all while it's CEO became the wealthiest man and Nazi on the planet.
Blackberry at least succeeded without government handouts.
Nah. Do you ever watch the TV in the back seat of NYC cabs blaring “NBC for cabs” or whatever that is? Hell no! You’re on your phone being served ads. Like everyone else. And yes, it’s quite lucrative.
So maybe the $1tril offer means despair?
I mean, the only thing to buy in August in Europe is wine, airfare, and hotel rooms/sommarstuga rentals
Skypemobile
Share price doubles on this news!!!!!
Tesla cars honestly suck, there's nothing special about them. The Chinese do it better and are already ahead
I warned them. Repeatedly. I said “You sure you want to lowball him with $1T?” One or two board members looked like they hesitated for a moment, and I really thought the $2T base pay idea was taking hold, but the spineless bastards just went with the crowd. Now see what you get?
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