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this post was submitted on 02 Apr 2024
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I think the problem with these claims is that they're all being made by Musk. Who has proven time and time again that he over-promises and under delivers literally every project he associates himself with.
If we actually look at where they are actually making their money it's primarily just in their vehicle sales/leasing. They aren't a silicon valley start up, they are a vehicle manufacturer, and when we analyze them as such, there is no real way to equate them with having 10x the market cap of ford.
I don't know how you could not trust him one bit, yet trust that what he claims Tesla is doing is what Tesla is actually doing. Custom ai chip, dojo super computer, android robot with the best hands.....all of these seem like marketing scams. How does this improve the sale of cars to a significant degree? Seems like he's just like every tech bro in the country scrambling for the new block chain, or VR type marketing gimmick.
They're all fields of study that already have huge companies that have already invested significant amounts of capital and research on. What makes us assume that Tesla is going to be able to profit from these ventures when they haven't even figured out how to make a truck?
I'm not claiming that Tesla is a worthless company, I just don't think they're worth 10x more than the most popular vehicle manufacturer in America.