“Tesla Is Reportedly Revoking Internship Offers to College Students Weeks Before Their Start Dates: ‘I Spent Thousands On Housing’”
A preference cascade by consumers leading to a death spiral.
Watch for tesla to spin off the vehicle business soon and refocus on batteries / energy going forward.
Well Musk does have said before that Tesla is a technology company first and a car manufacturer second. It may very well be that they move out of making cars at some point and instead focus on licensing the software, especially FSD to other manufacturers.
That’s because he wants Tech style valuation for their stock (i.e. Price/Earnings ratios around 80) rather than automaker valuations (were P/Es are more like 4 or 5).
Gotta justify the 56 billion!
Still now, after massive price falls,Tesla stock is worth more than all other US automakers combined even though they sell way less cars because investors still treat it as some kind of growth tech startup that’s going to the moon rather than a stale maker of cars.
(Also last I checked their FSD has already been surpassed by Mercedes’ … a stale maker of cars)
“We’ll be the Apple of EVs/boring holes/solar tiles/alternative underground transport systems/rocketry” has always been a core element of Musk scams.
Also last I checked their FSD has already been surpassed by Mercedes’
This isn’t a fair assesment in my opinion. While Mercedes does offer level 3 self driving unlike the level 2 on Teslas it’s still extremely limited system. It only works on certain hand-picked highways between LA, SF and LV and even then it requires specific weather and traffic conditions to be met untill it let’s you enable it and even then you need to be able to take over when needed just like on Teslas. FSD on the other hand works on all roads in the US including unmapped ones and parking lots and now especially after the V12 update it has gotten pretty damn good at it. The leap it has done in just a few months has been quite dramatic. I highly recommend checking some tests/reviews on YouTube if you’re not up to date with it and this is something that interests you. It’s still by no means foolproof but I’m definitely starting to get the feeling that we’re not far off from it legitimately being significantly better than a human driver.