Automotive journalist Tim Stevens has written glowing reviews of Tesla's cars in the past. So the angry Tesla fans can't say that this was a hit piece from a hater. In fact, this guy didn't want to report the truth. But Tesla's self-driving software is so bad, that he felt he had no choice. He was faced with the choice of either reporting the truth about Tesla's terrible software quality or flush his journalistic reputation down the toilet.
The Tesla Model Y Is Critically Flawed
So why does Tesla keep churning out crap update after crap update claiming FSD progress? Could it be that according to accounting standards they get to release FSD revenue when they hit various milestones? Nah, no one could be that evil that they'd place profits over lives right?
So why does Tesla keep churning out crap update after crap update claiming FSD progress? Could it be that according to accounting standards they get to release FSD revenue when they hit various milestones? Nah, no one could be that evil that they'd place profits over lives right?
It's hilarious to think that the only reason Tesla stock popped in 2019 was due to rumors that the S&P 500 might let them in if they could scrape together 4 quarters of "profit". But the main reason that they were profitable was due to government ZEV credits. And by my estimates, any profit above the ZEV credits is due to the FSD revenue.
So what is the difference between selling FSD that doesn't work for $10,000 or selling blood tests that don't work (Theranos)? Both could get you killed. Arguably, FSD is worse. It puts completely innocent people in harms way who never agreed to take that risk.
My spreadsheets tell me that Tesla is still a loser company that doesn't deserve a stock valuation any where near what it is. Investors will figure that out sooner or later. The only question is when?
Speaking of the Tesla stock bubble, check out this one from The New Yorker: Elon Musk & the Dangers of Another Stock Bubble
So what is the difference between selling FSD that doesn't work for $10,000 or selling blood tests that don't work (Theranos)? Both could get you killed. Arguably, FSD is worse. It puts completely innocent people in harms way who never agreed to take that risk.
My spreadsheets tell me that Tesla is still a loser company that doesn't deserve a stock valuation any where near what it is. Investors will figure that out sooner or later. The only question is when?
Speaking of the Tesla stock bubble, check out this one from The New Yorker: Elon Musk & the Dangers of Another Stock Bubble
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