Why not both? The company has a massive valuation. It has over $40 billion in cash on hand.
I know that there's only so much engineering talent to go around, and the CEO would rather spend it on his rocket. But I'd think that the Model 2 wouldn't require a super-powered team.
And as it turns out, Musk was wrong on just about everything --- including government spending cuts and Trump.
A lot of Tesla's revenue came from selling regulatory emission credits to other manufacturers. In 2024, this amounted to almost $3 billion.
Now, all government support is gone --- along with customer good will. Global Tesla vehicle sales are declining even as overall EV sales are rising. Full Self Driving isn't.
All Tesla has left now is hope and hype. But not to worry, Wall Street is still pouring money in.
Tesla stock is priced as if it is the world's largest auto manufacturer, the leading robotics company, the largest ride share company and the premier AI vendor.
But absolutely none of this is anywhere close to being true. In my opinion, Tesla is a hugely over inflated bubble just waiting to pop.
FSD - Is there any point re-hashing how long Musk has been wrong about this?. Ride share/robotaxi is yet another dream layered on top of this failed vision.
Robots - Not currently available. What does exist are demos that are being questioned as fake. Why the FTC hasn't investigated this as blatant investor fraud is open for debate.
Why not both? The company has a massive valuation. It has over $40 billion in cash on hand.
I know that there's only so much engineering talent to go around, and the CEO would rather spend it on his rocket. But I'd think that the Model 2 wouldn't require a super-powered team.
Personal vendetta boondoggle that he can't even use himself.
Is it another foolish and saboteurial pivot?
Will the only biggest GigaPress in Texas be necessary for continued operations on this Cyber Gen Xer one, too?
And as it turns out, Musk was wrong on just about everything --- including government spending cuts and Trump.
A lot of Tesla's revenue came from selling regulatory emission credits to other manufacturers. In 2024, this amounted to almost $3 billion.
Now, all government support is gone --- along with customer good will. Global Tesla vehicle sales are declining even as overall EV sales are rising. Full Self Driving isn't.
All Tesla has left now is hope and hype. But not to worry, Wall Street is still pouring money in.
Tesla stock is priced as if it is the world's largest auto manufacturer, the leading robotics company, the largest ride share company and the premier AI vendor.
But absolutely none of this is anywhere close to being true. In my opinion, Tesla is a hugely over inflated bubble just waiting to pop.
Tesla still has two major bets:
- FSD
- Robots
Both are very risky of course.
FSD - Is there any point re-hashing how long Musk has been wrong about this?. Ride share/robotaxi is yet another dream layered on top of this failed vision.
https://www.forbes.com/advisor/legal/auto-accident/tesla-aut...
Robots - Not currently available. What does exist are demos that are being questioned as fake. Why the FTC hasn't investigated this as blatant investor fraud is open for debate.
https://www.nasdaq.com/articles/exclusive:-teslas-humanoid-r...
Hope and hype is all they have to support a market cap of $1.5T and P/E approaching 300. And this is truly absurd.