Isn't Tesla trying to be SpaceX's vertically integrated robotics division? My gut feeling says they are trying to move out of the EV business as crazy as that may seem to us normals.
Being in the EV business means having to accept predictable revenues that then tie to more predictable stock prices. Being in the business of "some future technology" doesn't.
Not crazy at all. Tesla gave up being a car company a few years ago, but there's lot of inertia and the 3 and Y are still competitive products in the marketplace.
It’s especially crazy since they sell cars and do not sell robots. Both of Musk’s public companies are little more than financial fraud. That the SEC allows any of this gives me zero confidence in the entire market.
Pretending Tesla isn't a car company and SpaceX isn't a satellite services company (Internet, maybe mobile) is wild stuff. The only real profits are from those traditional industries. All the sci-fi hype is for investors and fanatics.
Those are just side projects. SpaceX is now an AI company. All their phony future revenue projections are dependent on magic numbers cooked up by a drug addict who convinces people to believe his stream of lies.
Value the company by the sizzle not the steak. And before it fails completely fold it into the next grift. Sounds far fetched but it's been working for Elon for years.
is this something that's actually happening, or just something elon told investors at his optimus event with the obviously fake robots a couple years ago?
It's not crazy at all. Elon, in all his genius, built up an EV company and then alienated the core demographic for his product. They tried to salvage it with a wildly over-priced, virtue-signaling "truck" and that didn't work. There are literally millions and millions of Americans who would have other wise loved to buy a Tesla but will never buy one because of Elon. They have to pivot.
Isn't it completely overshadowed by Waymo? From what I've heard Waymo is more profitable and has substantially fewer accidents due to better technology.
It was very strange, in the beginning people celebrated Tesla, they raved about it, the sales were great, but then as soon as the politics got involved, suddenly it's all turned negative.
FSD that actually works and the massively popular in live markets robotaxi service are the obvious answer to “big-deal things that came after this CTO left”
$2B cybertruck failure barely registers vs how impactful FSD has been on model Y / 3 sales. Tesla is supply constrained again, with multi-month waits for the model Y L edition
Is this a paid piece behind the scenes by JB Straubel? It reads exactly as someone who was paid or got exclusive access to write something to over highlight someone.
Elon had an insane talent of finding the right people with wild moonshot ideas to run his companies while he was getting the credit and the limelight.
Then he got older, got into politics and fully bought into the marketing about himself. He thinks he's a genius and that everything he touches turns to gold.
Well... Turns out stuff works as long as he is out of the loop and doesn't make any direct decisions.
You can't tell me there's a rational reason there's a common headline of Tesla missing forecast and guidance but still going up after earning report
$2B cybertruck failure barely registers vs how impactful FSD has been on model Y / 3 sales. Tesla is supply constrained again, with multi-month waits for the model Y L edition
Then he got older, got into politics and fully bought into the marketing about himself. He thinks he's a genius and that everything he touches turns to gold.
Well... Turns out stuff works as long as he is out of the loop and doesn't make any direct decisions.