Assume Tesla's robotaxi is a serious business effort that is wildly successful and put's Uber, Lyft and Waymo out of business. Take these company's net revenue and add to Tesla's and you still can't reasonably justify the current price of Tesla stock.
The stock is priced as if auto revenue is growing 20-30% annually. Meanwhile back in reality, it is declining and set for further loses when EV tax and emission credits are removed later this year under the "big beautiful bill".
Tesla stock is just completely divorced from reality.
delichon · 10h ago
Alan Shepard hitting a golf ball on the moon illustrates how unserious the Apollo program was.
TheAlchemist · 9h ago
Fair point !
Except that it's not a side joke or something - the whole service is a joke - closed to Tesla influencers, rides costing 4.2$ etc. As they say - the stock is the product.
PS. The author is a bit salty about Tesla indeed - he's still waiting for the 2 roadster that he was supposed to get years ago.
SlowTao · 10h ago
It is one thing to have someone sneak on a golf club, it is another to be actively promoting this as a business.
Personally I think it is hilarious, but they are two different things.
Assume Tesla's robotaxi is a serious business effort that is wildly successful and put's Uber, Lyft and Waymo out of business. Take these company's net revenue and add to Tesla's and you still can't reasonably justify the current price of Tesla stock.
The stock is priced as if auto revenue is growing 20-30% annually. Meanwhile back in reality, it is declining and set for further loses when EV tax and emission credits are removed later this year under the "big beautiful bill".
Tesla stock is just completely divorced from reality.
Except that it's not a side joke or something - the whole service is a joke - closed to Tesla influencers, rides costing 4.2$ etc. As they say - the stock is the product.
PS. The author is a bit salty about Tesla indeed - he's still waiting for the 2 roadster that he was supposed to get years ago.
Personally I think it is hilarious, but they are two different things.