Tesla Inc (TSLA)

[boston745]

Understand, Tesla would not be anywhere near what it is without the over promises in regards to its self driving technology. Thats why its a fake it until it makes it scam. Musk continues to dangle this carrot everytime he says that Tesla will solve autonomy this year or next when its not even close. As i pointed out in my last post on this issue, Musk and Tesla are not going to solve this problem, its a false proposition that Tesla is going to waste billions in and more lives will be lost due to "Superseding/Intervening force" that is only going to grow in its power to cause EVs to go out of control with time. Of course Tesla has to keep pushing this because otherwise, people will know its scammed them.

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.

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://www.cnbc.com/2023/04/19/chinese-ev-giant-byd-self-driving-tech-better-for-factories-than-cars.html