This place is pro-ev, but very anti-Tesla. So weird. They’re naming failed car companies and sure, it does prove their point, but most companies fail. I could literally say the same thing about Ford and Toyota. Who knows what happens in the future. Literally no one knows.
Comment on Tesla Gets a $94 Billion Reality Check as EV Winter Sets In
abhibeckert@lemmy.world 8 months agoTesla has a market cap of $800 billion.
General Motors doesn’t have anywhere near enough money to buy a company that size. And even if they tried, regulators would likely block it.
makar94@lemmy.dbzer0.com 8 months ago
stephen01king@lemmy.zip 8 months ago
You’re the only one claiming to know they’ll survive. Other people are claiming nobody should know because your original argument for why they’ll survive doesn’t make sense. It’s funny how you’re now claiming to be the one that thinks the future is uncertain.
NotMyOldRedditName@lemmy.world 8 months ago
The thing a lot of people are still ignoring is Tesla isn’t just a car company.
Tesla is going to be more like General Electric than any of the traditional automakers and it’ll be more and more obvious as the years go on.
They design and build their own batteries. They are about to refine their own lithium. They are designing their own super computers. They sell batteries to consumer and commercial companies with software managed by AI to optimize the usage of those batteries.
They are going to keep coming out with other non car products, such as a residential HVAC system.
And they’re doing all this with industry leading margins on everything they do even after all the cuts.
They’re way more resistant to problems than some specific car brand that went under. Even if the car side of things falters, they still have everything else to help prop them up.
I don’t think anything is guaranteed one way or another, but Tesla is in a much better spot to survive longer term because of all the ways they can use their expertise.
I know most people don’t believe the Bot will amount to anything, and maybe they are right, but the very fact they are doing something like that is diversifying the risk they put into their AI division. Now it’s not just 1 failure point, they’ve found another way to benefit from their work.
Garbanzo@lemmy.world 8 months ago
Comparing market cap to earnings just shows you have no clue