I post on two boards where massive con jobs have taken place for very different reasons. Tesla has never been what people thought it was, falsely pumped up to astronomical values due to its fake it until it can make it deceptive practices; done in part to help fund SpaceX. Without such deception Tesla would not have sold near as many vehicles as it has and likely would not be profitable. The other company's board i post on, the opposite has happened. All efforts by posters are done to keep people from investing to keep the companies valuation as low as possible despite ties to a major player in its industry and importance of its IP to that industry. Im waiting to see how things play out there but Tesla trajectory seems more clear. If Tesla fails to move FSD into level 5 autonomous as i expect, its going face a high degree of lawsuits and blows to its reputation. Further blows will come when people begin to figure out just how dangerous EVs really are. Thus Tesla desperately needs a new product that could save it like Optimus. Definitely a needed product, but unfortunately, Optimus robots will go out of control and spontaneous combust just like Tesla cars do for the same reason, Electromagnetic Fields & radiation causing interference resulting in malfunctions.
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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?
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
Article fails to include that sales of Tesla vehicles would be nowhere near what Tesla has sold to date without these lies.
That is odd. My dad owned GM stock for year and made a mint off of it. That old line of don't marry a stock has value, but there are exceptions. I believe Telsa's story is still early on. Where will Tesla be 5 years from now, how about 10? I find that easier than trying to time trading the wild swings on this stock.