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Tech Thread

I think there’s a difference between what the shorts say and what our friend dustin is saying. The shorts see what ME sees - the worlds 11th (or whatever) biggest car company with a market cap that’s 2x the biggest. That sort of “fraud”’is very different than Enron fraud.
 
As a Musk hater even I have to admit the corporation's growth was extremely impressive for a long long time. The shorts were wrong for many many years, full stop. Definitely a different story these days though. Hypergrowth is still largely priced in and well, they stopped growing.

Tldr: the only thing that will stop the deteriorating price is if they execute and get back to 2013-2021 kind of growth. And the street believes they're more likely to do that than a corporation like Ford, for obvious reasons. Hence the premium they trade at.
 
I have no idea if it's true or not, but I think the idea here is that it's similar to Volkswagen fraud from a few years back, where software sensors threw out false info whenever it recognized an emissions test was being run.

www.epa.gov

Learn About Volkswagen Violations | US EPA

Learn about EPA's issued notice of violation (NOV) of the Clean Air Act (CAA) to Volkswagen. The NOV alleges software that circumvents EPA emissions standards for certain air pollutants.
www.epa.gov www.epa.gov
 
Preston said:
As a Musk hater even I have to admit the corporation's growth was extremely impressive for a long long time. The shorts were wrong for many many years, full stop. Definitely a different story these days though. Hypergrowth is still largely priced in and well, they stopped growing.

Tldr: the only thing that will stop the deteriorating price is if they execute and get back to 2013-2021 kind of growth. And the street believes they're more likely to do that than a corporation like Ford, for obvious reasons. Hence the premium they trade at.
Click to expand...

The shorts we wrong about the direction of the share price, not about the business itself imo, which are largely separate things. That whole "the market can remain irrational longer than you can remain solvent" thingy is for real though.
 
axlsalinger said:
I have no idea if it's true or not, but I think the idea here is that it's similar to Volkswagen fraud from a few years back, where software sensors threw out false info whenever it recognized an emissions test was being run.

www.epa.gov

Learn About Volkswagen Violations | US EPA

Learn about EPA's issued notice of violation (NOV) of the Clean Air Act (CAA) to Volkswagen. The NOV alleges software that circumvents EPA emissions standards for certain air pollutants.
www.epa.gov www.epa.gov
Click to expand...

The VW fraud cost them a lot of future sales (they were top spot in units sold at the time if memory serves) and half of their market cap.
 
I don't know who this guy is, and it may not be a perfect comparison. Enron was a bunch of pricks running a scam, and Tesla has produced a tangible product. But is also run by a prick, and the company constantly saying Full Self Driving is "a year away" for 10 years is kind of a scam. If he's right and they have been lying and faking data all along, who knows where this goes in the long run.
 
axlsalinger said:
I don't know who this guy is, and it may not be a perfect comparison. Enron was a bunch of pricks running a scam, and Tesla has produced a tangible product. But is also run by a prick, and the company constantly saying Full Self Driving is "a year away" for 10 years is kind of a scam. If he's right and they have been lying and faking data all along, who knows where this goes in the long run.
Click to expand...


Sounds very much Theranos-like manipulation.
 
futurism.com

Elon Musk’s Bizarre Political Outbursts Have Turned Off Tesla’s Core Buyers, Data Shows

Elon Musk has alienated Tesla's traditionally left-leaning customer base by, well, being a huge bigot and jerk.
futurism.com futurism.com

As the Wall Street Journal reports, new polling from the Strategic Vision market research firm suggests that the proportion of Democrats buying Teslas fell by more than 60 percent last October and November, when Musk's anti-Semitic rhetoric lost X-formerly-Twitter a ton of advertisers
Click to expand...
 
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