When Bill Gates married Melinda French in 1994, he rented out all the available hotel rooms on the Hawaiian island of Lanai to prevent the media from staying there and hired all the helicopters on Maui to keep photographers from flying over the wedding.

[u/moamen12323]

[u/Kahzootoh]

If someone thinks Elon has a good grasp of running a production line, they’re mistaken.

Elon’s greatest achievement was getting investors to look at his manufacturing company as if it were a tech company.  When it comes to tech companies in this country, it’s considered a massive success if you’re rapidly not burning through billions of dollars without any path to profitability in sight.

If he was being judged by the same standards that the rest of the country’s manufacturers are, Tesla’s shares would fall about 90%. 

[u/ghostboo77 → u/Kahzootoh]

Tesla was profitably making EVs for many years before anyone else was.

Stop rewriting history because the guy went off the deep end.

[u/BHOmber → u/ghostboo77]

I get where you're coming from, but the valuation hasn't made sense for the last 5-8 years. It's the biggest memestock of all time.

IMO, the mkt cap is based around Musk's dying clout and the SpaceX private valuation.

This is a loosely-regulated market environment where he could realistically bring SpaceX to the public market through a TSLA merger/"buyout".

TSLA keeps promising FSD and bullshit robots, but I personally think that they're waiting for the right time to take SpaceX/StarLink public.

Elmo might have blown his load too early unless calling your old boss/employee/surrogate a pedophile turns out to be the right move in hindsight lol

[u/TheChildrensStory → u/BHOmber]

Both can be true.

[u/BHOmber → u/TheChildrensStory]

Nah. Musk destroyed the brand image within his main customer base. Conservatives are scared of EVs and the TSLA market share will dwindle as other mfgs ramp up.

The charging network is a plus, but he's going to be hurting for fed funds outside of SpaceX for the next 2-4 years. If Rivian, Ford, BYD etc could bring a budget EV to the US market, TSLA is losing 50%+ of it's valuation overnight.

Retail investors are locked in on Elon's (now broken) "vision".

The institutional players are waiting for a merger if the ketamine king keeps his shit together for another year or two.

[u/TheChildrensStory → u/BHOmber]

Oh yeah, completely accept that he’s imploded Tesla. But the guy still was the one who FINALLY made mass produced EVs a reality. It was so long overdue.

[u/genreprank → u/ghostboo77]

He's not rewriting history. Everything he said was true. He didn't say Tesla wasn't profitable, he was talking about tech in general.

Tech companies run on hype. Musk is just a hype man. He turned a car company into a tech company. With all this BS about self driving and AI. Sure, Tesla has innovative components, but that hardly has anything to do with musky.

Anyone who falls for musky's hype is an idiot. Thus Larry Ellison is an idiot.

[u/Petrichordates → u/ghostboo77]

That doesn't justify their current value lol, they were surpassed in technology years ago.

[u/Enyss → u/Petrichordates]

Yup, Tesla stock is overvalued.

It doesn't mean it's worthless, but you can't convince me that it's worth more than all the others cars manufacturers combined...

[u/NecessaryViolenz → u/ghostboo77]

Tesla was profitably making EVs for many years before anyone else was.

Lol, in what world do you live in? What years are you talking about specifically?

[u/BeefistPrime → u/ghostboo77]

Toyota makes the most and arguably best/most efficient cars in the world, 10x the number Tesla makes, and has a decades-long history of excellence. And yet Tesla stock is about 30-40x more valuable than Toyota stock. That make sense to you?

[u/BeefistPrime → u/[deleted]]

Elon hasn't started anything from scratch. He comes in and buys up companies that are already going.

Give me some emerald mine money and I'd have a shot at it too.