Comment on Tesla scraps its plan for a $25,000 Model 2 EV
maynarkh@feddit.nl 7 months agoIt seems their stock valuation rests on an assumption that their self-driving tech is unique, useful and best-of-class. I don’t see how they can benefit putting these claims to the test by trying to compete in the robotaxi market.
Ragnarok314159@sopuli.xyz 7 months ago
Their stock valuation rests entirely on large entities shorting the stock, and other large entities saying “I will take that bet!”. That’s pretty much it.
maynarkh@feddit.nl 7 months ago
All stock valuation rests on like three entities making numbers up, that’s not the thing. The question is how long will Wall Street keep Musky boy on the nice list if he is becoming more and more visibly incompetent.