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What impact do you think the Tesla Robotaxi will have on the stock price? - my take
I skipped work to watch this live event. Hoping to be impressed but was anything but.
First of all, it was 30 minutes or so techno music with graphic animation showcase with 10 minutes or so of EM's appearance and 10 more minutes of after event footage. Like, what the...
EM didn't share clear milestones on robotaxi launch nor any tangible going forward timeline. I certainly thought that part should have been more concrete.
Instead, he talked about a sci-fi vision, showed a robovan prototype (which he vaguely claimed will only cost 5 to 10 cents a mile, but qualified it by adding 'I don't know' in the same sentence), and selling the robo housemate/ robo sidekick idea (and said something weird - it will pretty much do anything you want it to').
On one hand, I admireTelsa engineering strength and their pioneering position in autonomous driving. On the other hand, I cannot overlook that they keep on lagging behind competitors on products they first claim to want to champion, and EM's inability to proof that he is not just show and talk, but an actual 'deliverer'.
EM's brazenly buying out politicians openly shows his desperation to save himself from his past actions (we knew big money and corporates have been lining politicians and bureaucrates' pockets all the while, but there is sonething called 'being discrete') will alienate him from half of the voters (polling is close to 50:50). And why mix voters and consumers together, and why take sides (brazenly) as a businessman? Seems bizarre to me.
If Trumps loses, I think he will be fired as CEO (if that can happen), else, the company's fate is dire.
I hope Tesla will be in good hands despite him. However, because of him, I think Tesla's stock and option market will continue to be volatile.
The stock is already way overvalued now. The fan base can flip any time, and the paid stock pumpers will be gone once there is no more money to be made.
Maverick or mad man? History will tell us. If Telsa can start to 'be an adult' like Meta, Microsoft, Google, and many other listed companies, instead of neing an attention-seeking teenager, the stock price will be less of a roller coaster ride and the company can finally deliver better shareholders equity.
As for the rest of us, there is a cost for living in fantasy and refusing reality.
P/s: I do not hold Tesla shares but a dividend ETF with Tesla as underlying.
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小熊维尼睡大觉 : Because，he lose his son.
七爷 小熊维尼睡大觉 : What happened
HuangFuxing : Biased article.
小熊维尼睡大觉 七爷 : Elon Musk's son underwent gender reassignment and severed ties with his father. That's why he strongly supports the Republican Party. Originally, Musk had no political affiliation and used to donate 0.5 million to both parties. It can be said that no matter how the company performs, he will continue to support the Republican Party in the long term because he is a father.
ImSerious : Are you investing on the company stake or Taking bet on our crazy Musk. Get this answer and invest or trade
CNNT OP ImSerious : Not direcrly, but through an ETF.
Jensen Philanthropy HuangFuxing : By the looks of it, don’t look great at all
Sleepy Hollow Crypto : seemed like the employees were enjoying it. He enjoyed it. I enjoyed it while working and not skipping out on my obligations.