Tesla Inc (TSLA)

[boston745]

What is a fake it until you make it practice? Tesla is a bigger scam than Theranos

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.

Elon Musk is keeping investors’ dreams of a Tesla robotaxi alive

Rather than dwell on quarterly financials or the massive restructuring announced last week, Musk reiterated his vision of Tesla as a company that’s building artificial intelligence software to turn existing cars into self-driving vehicles, dedicated robotaxis that will make money for their owners and a driverless transportation network.

“If somebody doesn’t believe Tesla’s going to solve autonomy, I think they should not be an investor in the company,” Musk said on the earnings call. He added, “We will, and we are.”

No Tesla will not because the hardware running it will continue to suffer glitching from EM radiation causing the vehicles to go out of control! This problem will only get worse as the earths magnetic field weakens further. Brought on by Musks SpaceX debris? Lol.

Musk also talked up a driverless network that’s like Uber

with Tesla autonomous vehicles.

“When the car is not moving,” Musk said, “there’s potential to actually run distributed inference,” through the hardware that’s in the cars.

Musk has been making these kinds of pronouncements for years.

In 2015, Musk told shareholders that Tesla cars would achieve “full autonomy” within three years. They didn’t. In 2016, Musk said a Tesla car would be able to make a cross-country drive without requiring any human intervention before the end of 2017. That hasn’t happened either.

And in 2019, on a call with institutional investors that would help him raise more than $2 billion, Musk said Tesla would have 1 million robotaxi-ready vehicles on the road in 2020, able to complete 100 hours of driving work per week each, making money for their owners.

The robotaxis would make Tesla a company worth $500 billion, he said at that time. Tesla’s market cap is around that mark now and even topped $1 trillion in 2021, but the company has never managed to deliver on its driverless promises.

Quote Sources:
https://corpgov.law.harvard.edu/2022/01/30/theranos-the-limits-of-the-fake-it-till-you-make-it-strategy/
https://www.cnbc.com/2024/04/24/elon-musk-is-keeping-investors-dreams-of-a-tesla-robotaxi-alive.html