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0 pointsprotocolture1y ago0 comments

They arent meaningless, Tesla did some pretty cool shit. And then they shipped a very small quantity of cars that have poor maintenance and the kind of vendor lockin that we get shitty at John Deere for.

The issue isnt that Tesla did stuff. Its that its all historical stuff that doesnt justify its current market price.

If I was to invest in a car company I would want them shipping millions of cars, not a "net positive for humanity" and a couple hundred thousand janky cars.

0 comments

ghc1y ago

> If I was to invest in a car company I would want them shipping millions of cars

Tesla shipped 1.2 million of the Model Y alone in 2023, making it the best selling car worldwide. They sell about half as many cars as Ford, at 9x the profit margin.

protocoltureOP1y ago

Yep as the other commenter said, millions of janky cars.

Nissan sold 3.4 million cars in 2023.

Tesla sold 1.81 million that year.

China, who are the big fish in the EV pond, sold 30 million cars in 2023. 4.9 million went overseas.

The Chinese plan? Build your existing car for cheaper and with an EV option.

SAIC\GWM sold 4.6 million cars in 2023. And their EV Ute is shockingly awesome compared to the Cybertruck.

scarface_741y ago

You realize that’s not the argument you think it is to justify Tesla’s market cap?

ghc1y ago

I was merely correcting someone who was wrong on the internet, because Tesla does not in fact ship "a couple hundred thousand janky cars", as OP claimed.

I wouldn't touch Tesla stock with a 10 foot pole.

1 more reply

slg1y ago

It is probably telling that multiple people here think that the only relevant framing of "impressive" is as an investment. And that is only made stranger by the fact that Tesla has been objectively a hugely successful investment in terms of performance, no matter how many people dislike their cars, Musk, and the company's fundamentals or they think there is some hypothetical crash that is right around the corner.

And to make it explicit, I dislike Musk as much as the next guy and I absolutely would not invest in Tesla at this point, but we shouldn't let that bias our view of history.

protocoltureOP1y ago

I know hundreds of people are trying to codify musks legacy at this point.

>Tesla has been objectively a hugely successful investment in terms of performance

But the only thing he cant dance out of is that he is an absolutely impressive showman. I mean even in the emails OpenAI released, he very talked his way into a controlling interest in OpenAI.

I just feel like, heaps of Tesla investors are going to be left holding the bags when the shine wears off.

That said, if I saw a story about Musk wising up a little bit and hiring someone to rejuvenate his PR I would probably spread some money amongst all of his businesses.

j / k navigate · click thread line to collapse

0 comments

ghc1y ago

> If I was to invest in a car company I would want them shipping millions of cars

Tesla shipped 1.2 million of the Model Y alone in 2023, making it the best selling car worldwide. They sell about half as many cars as Ford, at 9x the profit margin.

protocoltureOP1y ago

Yep as the other commenter said, millions of janky cars.

Nissan sold 3.4 million cars in 2023.

Tesla sold 1.81 million that year.

China, who are the big fish in the EV pond, sold 30 million cars in 2023. 4.9 million went overseas.

The Chinese plan? Build your existing car for cheaper and with an EV option.

SAIC\GWM sold 4.6 million cars in 2023. And their EV Ute is shockingly awesome compared to the Cybertruck.

scarface_741y ago

You realize that’s not the argument you think it is to justify Tesla’s market cap?

ghc1y ago

I was merely correcting someone who was wrong on the internet, because Tesla does not in fact ship "a couple hundred thousand janky cars", as OP claimed.

I wouldn't touch Tesla stock with a 10 foot pole.

1 more reply

slg1y ago

And to make it explicit, I dislike Musk as much as the next guy and I absolutely would not invest in Tesla at this point, but we shouldn't let that bias our view of history.

protocoltureOP1y ago

I know hundreds of people are trying to codify musks legacy at this point.

>Tesla has been objectively a hugely successful investment in terms of performance

But the only thing he cant dance out of is that he is an absolutely impressive showman. I mean even in the emails OpenAI released, he very talked his way into a controlling interest in OpenAI.

I just feel like, heaps of Tesla investors are going to be left holding the bags when the shine wears off.

That said, if I saw a story about Musk wising up a little bit and hiring someone to rejuvenate his PR I would probably spread some money amongst all of his businesses.

j / k navigate · click thread line to collapse