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this post was submitted on 17 Feb 2026
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It's very clear that at this point, insofar as there is any logic at all to the decision making of people investing in Tesla (and there's very little evidence of that), they're evaluating it as a software company, not a car company.
This seems to be largely based on the notion that Tesla is the world leader in self-driving, and poised to become the world leader in other areas of automation. And that would, admittedly, mostly justify their very high share price, if there was literally any evidence it was true. Of course, what they actually have is a self-driving system that is only number one in fatalities caused, and a bunch of faked demos of robots made using low paid remote operators.
Tesla is easily the single best demonstration of how fucked our economic system really is. That a company can so blatantly lie, over and over, about what their products can actually do, and somehow continue to see their share price increase tells you everything you need to know about how utterly fictitious the entire notion of the stock market is.