Which are the 3 better self driving ai?
Comment on Chinese Carmaker Overtakes Tesla as World’s Most Popular EV Maker
Buffalox@lemmy.world 8 months agoThat’s because Tesla is extremely overvalued, because Musk is a con man, who promises Tesla will lead AI for fully autonomous driving, and basically promises that when that happens, it’s nearly infinite money. In reality they are currently #4 at best in AI for self driving.
I’m guessing BYD is valued more by criteria similar to VW and Toyota.
PS: Yes I know half of infinite is still infinite. But I hope you all understand what I mean. 😋
nix@merv.news 8 months ago
Buffalox@lemmy.world 8 months ago
Mercedes, Waymo and GM are all ahead for sure, despite having a setback recently in their testing. But there are others that are likely ahead too, like BYD, Nissan, Nvidia and MobilEye.
My guess is that Tesla probably ranks 6th currently, but they for sure is no higher than 4th.PS I don’t know why you got negative feedback? It’s a fair question.
NotMyOldRedditName@lemmy.world 8 months ago
Until this year, most of the analysts weren’t really including FSD in any of their projections. They were protecting Tesla maintaining the really high margins instead of high margins.
When the really high margins became high margins, things changed pretty rapidly.
Of course retail investors amd what actually happens is different, and it’s hard to deny there must be some impact beyond what analysts are saying, but I don’t think it’s as much FSD as people think it is.
Buffalox@lemmy.world 8 months ago
Without value as an AI company too, there is no sensible way Tesla can be valued as high as it is. Tesla should basically surpass the 10 leading car makers combined, if it should make sense by merely making cars as we know it today.
NotMyOldRedditName@lemmy.world 8 months ago
Tesla was bringing in insane margins and profits, I don’t think people necessarily appreciate how much it was.
In 2022, Tesla earned more profit (12.6b) than Ford AND GM (10.6 combined) on substantially less vehicles. Most of the legacy manufactures were also looking to suffer for an extended period of time, bringing in the question of their long term profitability, while Tesla showed growth and profits. Tesla was also on track to beat Toyota in 2023 or 2024.
People were looking at their growth trajectory and what the company guidance was and seeing those margins were, and while the PE would be high 4-5 years down the road looking at it like this, it wasn’t going to be entirely crazy either.
When a company is growing so fast, people give it a higher multiple, until it’s not.
Then the margins dropped, Elon did his batshit insane stuff with Twitter, and some combination of that leaves us where we are today.
Right now, they really need to make their Gen 3 25k vehicle as that’s much more priced in than FSD IMO. Tesla has been guiding 50% CAGR for years now, and if Gen 3 comes out and it doesn’t start that trend again with their standard good margins, they’re going to get brutalized. If they keeping delaying it much longer, I think they’re going to get really hurt as well.
The current price is really just a waiting period to see what happens with Gen 3 and the energy business.
I expect to see downgrades in 2024 because Tesla won’t meet the 50% CAGR target that people take to mean 50% each year.
By 2025 I think the big talking point will be their booming energy business as people start to realize it might actually be bigger than the car business for real.
Buffalox@lemmy.world 8 months ago
I admit what Tesla has done is very impressive, and they actually ARE as big as the rest of top 10 combined on electric cars her (Denmark). But the competition has arrived, and it is very unlikely that Tesla can maintain such a huge market share, and the margins will probably never come close again to what they were, again because there is more competition now.
In the energy market, Tesla presented the stupid solar roof tile idea, and they had the power wall which I’m not sure if exist anymore. Here nobody uses that, when we bought our solar solution with battery, Tesla didn’t even appear in internet searches as an option. Tesla has done some energy things for the past 15 years, including selling a battery park for mass storage in Australia, but it seems none of the projects are very successful, and Tesla is far from a market leader in any aspect of energy AFAIK.
Elon Musk himself has stated that without AI, Tesla would be almost worthless.
independent.co.uk/…/elon-musk-tesla-self-driving-…I’m guessing by almost worthless, he means it would be valued as other car makers, and that would decrease the value to a fraction of what it is today. Unfortunately for Musk, Tesla AI is in fact basically worthless without the false promises. Because Tesla is at best #4, and in high tech generally, being #4 means your margins have to be very low.
mosiacmango@lemm.ee 8 months ago
Tesla stock goes up because it goes up. Thats about it.
The company had high margins and a commanding lead for a desirable auto segment, but at this point its losing ground. The stock goes up because it increaes 700% during covid, so its a bitcoin/GameStop/bbb style meme engine now. It dips and people buy buy buy. It has very little to do with company company fundamentals.
gila@lemm.ee 8 months ago
They print profits out of thin air by earning carbon credits through ZEV program and selling them to other manufacturers. It was 30% of their profits this year and enables competitors to stave off actually making any EVs, leaving Tesla as the only game in town
iterable@sh.itjust.works 8 months ago
Tesla stock is a pyramid scheme.
DreadPotato@sopuli.xyz 8 months ago
iterable@sh.itjust.works 8 months ago
Many yes, but basically those who don’t pay yearly dividends. Which is a ton of them.
nilloc@discuss.tchncs.de 8 months ago
Tesla stockcapitalism is a pyramid scam.