Tesla’s trillion dollar valuation is fast approaching

Speaking of frauds and hucksters. Sam Bankman( son of Stanford law professors) was convicted in 4 hours. Ryan Cohen is next… Then maybe Musk. The tech generated hoax on Americans is falling apart. Of course Bitcoin is the biggest hoax of all… worldwide fraud.

In a statement, Tesla Motors CEO Elon Musk defended the build quality of the Cybertruck, blaming the damage on the hose being set to “jet” at the time of the incident.

Bulletproof but not jet proof.

The Onion is satire… not serious

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Ryan Cohen, yes. Looks like Gamestop is a farce

NYC monthly parking. Tesla additional $300 a month.

Interesting. It specifically says Tesla and not EV. I wonder which cars are classified as exotic/luxury. What is “park & lock”?

Park and look means they can’t move it. $1200/m for a Tesla … can get a studio apartment for that in Tahoe…
220 cars plus bikes… $400k per month… huge money for a parking garage

No I think “park and lock” means you the driver look for your own spot and keep the key. The “normal” way how a garage is supposed to work outside of NYC.

In NYC the default is to pull up to the attendant kiosk, hand the key to the attendant and has him park the car for you. The attendant also keeps the key.

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Screen Shot 2023-11-07 at 3.47.19 PM

:face_with_spiral_eyes:

If it is so easy to make $30k, everybody :face_with_hand_over_mouth: will have a robotaxi.

This depreciation is also what is giving me pause in buying the R1S.

$27k is I think trade-in value so it’s not comparable. I bought my model Y in 4/2022 also for $66k (including $10k for FSD, does not include sales tax). It’s been 18 months. Looking at used vehicles on tesla website a similar car would sell $46-47k including FSD. So my car depreciated $20k over 18 months, or $1111/month which isn’t ideal.

A new model Y with FSD costs 61k today (before sales tax), so in my case I lost $5k due to tesla’s margin compression. So a buyer today would be looking at a $15k depreciation over 2 years. It’s much more reasonable when comparing with gas cars.

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FSD has absolutely not value… Especially on a used car.
Depreciation is the biggest expense in owning a car. Gas expenses are minor compared to the cost of depreciation. My 2007 Lexus didn’t cost much more that your sales tax. My gas expenses will be less than $500/year.

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I actually use FSD quite often on my commute (101 and Central Expressway). It’s definitely not that smart as I have seen it make different kinds of mistakes, but when it works it’s quite helpful. When I started using FSD initially I was impatient and I disengage it pretty often so that I could go a little faster, but over time I have learned to relax and let it take its time. I don’t know if it will ever become truly self-driving (or at least significant improvement over the current capabilities), but I consider my $10k as donation to further the cause of improving self driving technology. :slight_smile:

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Unpopular opinion:
I consider it as indulging Elon to continue to talk nonsense :slight_smile: and sitting filthy rich while doing so.

Use this way is not much different from cruise control.

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That is, TSLA is only an ok investment, is no longer a great investment.
Hard for TSLA cultists to accept, TSLA is fairly valued.

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You can bash him all you want, but it does seem to me that his team is working hard at improving FSD over time which is what I would like to see. And it’s not like I am not getting anything out of the $10k I paid. FSD, even at just level 2, is still far better than cruise control. Having a computer with vision capabilities is fundamentally different from a regular car. I use FSD on local streets too, but knowing that it’s prone to mistakes I have to watch it very closely.

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I need to balance those over the top praise by cultists.

Have been doing so like 10+ years?

I have no idea. Didn’t own a Tesla car.

Obvious.

Finally, don’t take my comments too seriously. My “indulging Elon” is a cheeky one. I agree with your view that…

:+1:

Personally I am very excited about self driving tech and I can’t wait to see it perfected and deployed. It’s taking longer than people initially expected but it will eventually happen, maybe 10 years, maybe 20, maybe shorter. If the solution of the problem is linked to hardware and software capabilities then given enough time it can be cracked. Once it happens, deployment will be swift.

Same thing can be said about EV themselves. Battery tech will improve over time and costs will come down, so EVs will have a price advantage over ICE cars in the future, especially when the Chinese brands start to come to America. EVs will not replace every ICE car, but it should have the potential to replace a lot of them. Once that happens, the infrastructure costs that are amortized over all the ICE cars will have a smaller base to spread across, so ICE car costs will rise in comparison. EVs may look difficult to be made to work today, but it is the future and not jumping on the bandwagon now will cost more down the road.

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The company that would perfect self-driving may not be Tesla.

Not sure jumping on the bandwagon is referring to companies or individuals like us. IMHO, I can afford to wait for EV to be more matured and more mainstream before buying one.

We outsiders have very little information compared to insiders. So when the CEO is known to be lying all the time we should discount that heavily. Tesla is uninvestable for that reason alone.