Tesla Inc (TSLA)

[boston745]

The key to the fake it until it makes it scam is this: "intentionally overstating, and thereby misrepresenting" "current capabilities". Musk has done and does this on a yearly basis. Musk himself claims Tesla isnt worth near whats its valued without this tech. In fact his hyperbole has valued TSLA at 0 without self driving tech. I'd say Tesla should be valued closer to other car companies without its autonomous tech. The same tech that will power its Optimus bots which will go out of control just like its cars do if they ever get to market.

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.

https://corpgov.law.harvard.edu/2022/01/30/theranos-the-limits-of-the-fake-it-till-you-make-it-strategy/