Tesla Inc (TSLA)

[boston745]

In a previous post i claimed that "Tesla = fake it until you make it scam". In other posts ive claimed that Tesla is a bigger scam than what Theranos was. People will say it sells cars, its cant be a scam. Very true, the car part and the energy part of the company are not "fake it until you make it scams". What makes Tesla a fake it until you make it scam is the fact that Tesla would not have sold nearly as many of its cars and possibly even megapacks without the lies that have been perpetuated about Tesla to help pump it. Its valuation would be nowhere near what it is or peaked at. Elon Musk would not be worth the over hundred billions hes worth, without the misleading claims, mostly by Mr Musk, about Teslas FSD software and what could be achieved by it in a rather short period of time. Reality is that true full self driving is decades away if ever achieved; i lean toward never because of natural phenomena that should make it impossible to safely achieve.
Its therotically possible that Tesla produces a few robotaxis and tests them in cities like Cruise and Waymo. That said, I expect Tesla to experience the same setbacks those companies have in the cities they operate in, struggle with expanding to other cities, or even continue to operate in the cities they are allowed to be in . In otherwords, it will not achieve true self driving robotaxi network.

What constitutes a fake it until you make it scam?

it was arguably a referendum on “fake it till you make it” practices, such as intentionally overstating, and thereby misrepresenting, a fledgling company’s current capabilities, success, or profitability, while banking on the notion that its aspirations will eventually follow the desired trajectory and become a reality.

Is that not exactly what Elon Musk did when he made a series of promises 8 years ago that helped Tesla drive its valuation, sell more vehicles, and net him billions in gains via his enormous share count? This scheme was so successful that sales grew in part because a lot of people invested in TSLA, used their gains to buy 1 or more of Teslas vehicles; some of which then sold them for profit on the secondary market because of all the hype around Tesla coupled with shortage in supply. Without said fake it until you make it scam, Tesla and the greater EV market would likely be on its last breath; at least in the US and Europe.

Elon Musk’s Big Lie About Tesla Is Finally Exposed

Not long before the pandemic reared its ugly head, the brilliant, serial entrepreneur Elon Musk promised to roll out an Uber-like service enabled by self-driving Tesla vehicles. According to Musk, Tesla owners could expect to earn up to $30,000 per year in extra cash by lending their Teslas out to anyone in need of a ride. Owners and customers would transact on the “Tesla network.”

This self-driving technology already exists. At this point, the network can go live very soon, opening the world to an exciting new way to make money while you sleep.

Back in 2016, Elon Musk claimed that Tesla cars could “drive autonomously with greater safety than a person. Right now.” It was a lie, one that sent Tesla’s stock price soaring — and made Musk among the wealthiest people on the planet. That lie is now falling apart in the face of a new recall of 2 million Teslas. It’s also revealing to the broader public what close observers of Tesla have always known (and the company itself admits in the fine print of its legal agreements): Tesla’s so-called “self driving” technology works fine — as long as there’s a human behind the wheel, alert at all times.

Article fails to include that sales of Tesla vehicles would be nowhere near what Tesla has sold to date without these lies.

By this time Musk had MCed numerous stock price-spiking hype events around the technology, and had been collecting deposits from customers since late 2016 for a “Full Self-Driving” version of the technology. Despite the reported deaths and clear evidence that the only video of a driverless Tesla was heavily staged, even Musk admits that his hype around self-driving technology has been the central factor in the recent growth of his wealth to titanic proportions.

BYD thoughts of Self driving technology

“We think self-driving tech that’s fully separated from humans is very, very far away, and basically impossible,” Li Yunfei, a spokesperson for BYD, said in Mandarin, translated by CNBC.
“When we think about [self-driving tech] from all aspects, from human psychological safety needs, from ethics, from regulation, from technology — including application in this industry — we haven’t figured out [the logic] and we think it is probably a false proposition,” Li told reporters on the sidelines of the Shanghai auto show on Tuesday.
“There may be many industries and businesses that invest a lot of money on this [tech], and after investing for many years it will prove it leads nowhere,” he said.

Quote Sources:
https://corpgov.law.harvard.edu/2022/01/30/theranos-the-limits-of-the-fake-it-till-you-make-it-strategy/\
https://incomecraze.medium.com/make-passive-income-with-teslas-robotaxi-network-80bfca249c56
https://www.rollingstone.com/culture/culture-commentary/elon-musk-tesla-crash-1234930544/
https://www.cnbc.com/2023/04/19/chinese-ev-giant-byd-self-driving-tech-better-for-factories-than-cars.html