Oddbean new post about login | logout Idk. He ships great products. The subsidies are unfortunately normal. Not taking them would be suicide. Plus he's a bitcoiner. I don't like the doge shitcoining, the trolling, the political involvement and that, but overall I'd say people give him too much shit.
I should clarify: I don’t like that he takes all the government subsidies while also saying that government spends too much money/government is too big. He’s a bitcoiner? He bought a lot and then complains that it uses a lot of energy. As if he didn’t know that beforehand. Big troll vibes. I do agree the cars are cool but they still haven’t fixed the cold weather inefficiency of batteries. Makes it unusable for those of us in colder countries.
How is Toyota ranking after Tesla as a car maker? I never understood that statistic. Tesla is worth 5 times Toyota but Toyota sells 5 times more cars. I wonder if the subsidies somehow skew the metrics. It doesn’t make sense to me
Stocks are a mechanism for estimating future value, not present value. Electric vehicles have more upside potential as a technology, and an automaker focused on this category has a higher chance of benefiting from it. At least that is the thinking of most investors, I think.
5x the cars and Tesla price starts quite high though. But yes I agree. It seems like the stock market is skewed towards green projects
Yes it’s the predominant narrative. Governments all over the world are pushing this nonsense for various and opaque reasons. „Investors“ are opportunists all the way down to zero. Funny decade ahead.
As far as I remember the last I looked at it, Toyota has a lot of debt, and very low margins. They make dozens of different models. Whereas Tesla has a cash pile, makes only 5 models, which are platforms for its software sales which have high margin.
Tesla has high margin( perhaps because of the subsidies IDK) plus they have software. The Toyota software kinda keeps you in the lane, but it's not too dependable.
So it’s a bet on the self driving software being fully functional in the future? I have trouble seeing how that’s more valuable than 5x the car sales. Seems like the market is skewed towards green endeavours these days
If robotaxis are a thing, it would be 10trillion opportunity. Which would be at least 10X Tesla price I'm starting to hope it's impossible to have full self driving after seeing a video someone posted on here about how it could make a distopia of roads. Public transit is really necessary. In the US our health and freedom to walk and bike is seriously threatened by this idea of personal transportation that could have a 10 trillion behemoth pressuring government regulation to raise speed limits, etc. Especially now that Elon is friends with Trump! I've never seen Trump on a bike. After 6months of NOSTR, I'm a human intelligence maxi. Maybe we should get rid of cars altogether. As I get ready to get in my car. Found the video. https://youtu.be/040ejWnFkj0
He’s lying to create best outcome for what he wants to accomplish (whatever that might be). It’s morally questionable but I’d say very well within the normal range for billionaires. Yes, he is indeed trolling a lot which annoys me too.
I agree with you. He’s a liar. The trolling is terrible. Why do it so much with doge though. I’m sure he’s making lots of profits with that scam. And retail is paying the price
That move annoyed me the most but to be fair he said bitcoin is the real thing and doge just a plaything for him. Every other average shitcoiner is worse than that
I’m not too sure about that part. He lies to get the outcome he wants. But not about Bitcoin? Maybe he’s lying about that too. And just tries to make money wherever 🤷🏾♂️ I don’t trust him
Well, when he was talking about doge and bitcoin, he was buying bitcoin. Tesla was buying bitcoin and he was still CEO. If he had just talked positively about bitcoin at that time that would have been open market manipulation and get him in trouble. That alone is enough motivation to lie about it imo.