The difference is that “tech” companies can produce more of their software with minimal or no additional cost. This is why their values tend to be higher than traditional companies manufacturing things. Tesla can’t do that. Their revenue is their shitty cars, without them there’s nothing to run their shitty non-working software on.
Comment on Tesla Lays Off Employee Who Slept In Car To Work Longer Hours
bus_factor@lemmy.world 6 months agoEh, tech companies also push out shitty stuff, and sometimes the shitty stuff is hardware.
drdabbles@lemmy.world 6 months ago
TheRealKuni@lemmy.world 6 months ago
Apple almost exclusively ships their software with their hardware. They’re still a tech company.
I see the point you’re making, and it isn’t a terrible one. But the thing is, Tesla isn’t valued like a car company. They’ve enjoyed a market cap at times greater than VAG and Toyota, the largest automakers, who ship orders of magnitude more cars than Tesla does. Tesla’s value has not been in its manufacturing capability but in its position in the market.
(That is likely to change going forward, as other automakers are catching up in the EV world and Musk has alienated Tesla’s core audience.)
drdabbles@lemmy.world 6 months ago
Tesla isn’t valued like a car company.
The market being stupid doesn’t change the fact that they are a manufacturing company. The fact that they can convince people to repeat this nonsense is how they keep the market stupid. Keeping the market stupid is how they continue pumping cash to stay afloat.
FigMcLargeHuge@sh.itjust.works 6 months ago
The Box III Signature Edition.
akwd169@sh.itjust.works 6 months ago
Oh my god, the signature with the cock and balls in it 🤣