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Beeftweeter posted:he might doing the hyperpoop thing here, i.e. making other potential competitors dump r&d money into humanoid robot research for some reason, i guess. do we know how much tesla is spending on this specifically? they might just be throwing a few "impressive" looking "demos" together to make it look like they're making progress probably a lot more than you'd think, but a lot less than they'd actually need to it's unlikely that Optimus is ever going to be much more than a tech demo, but Tesla has to put just enough effort into the tech demos to convince the investors that it's actually a real product Tesla's ridiculous valuation is entirely built on the perception that it's an advanced tech company that's revolutionizing industry as we know it. so in order to maintain that valuation, he needs to constantly make these wild promises. Tesla's basic car business alone is probably worth about 1/10th of the company's current valuation. the other 9/10ths is entirely due to investors betting on his promises of robotaxis, humanoid robots, strong AI, etc. but he cant actually deliver on those promises. all he can do is hope the investors have short memories and are easily distracted by newer, shinier promises
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Apr 24, 2024 07:29
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lmao "demumbled edition" https://www.youtube.com/watch?v=GaxG_GWibhU
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Apr 24, 2024 08:03
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Hell I didn't even know dojo existed for a long time, and I don't actually understand wtf it is other then a smokescreen to try and sound like Tesla will compete with nvidea.
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Apr 24, 2024 08:08
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Main Paineframe posted:
lol they can't even get it to work with other models of their own cars let alone someone else's also "sir would you like to buy the optional Full Self Dying mode for your new Toyota? Wait why are you backing away from me?" Failson posted:Even expecting the usual Muskery, they've got nothing. extra lol because "air BnB for cars" has existed for like 15+ years with hire by the hour
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Apr 24, 2024 09:11
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oh wait he means hire out your own car lmao I will jizz in every single one
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Apr 24, 2024 09:12
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Powerful Two-Hander posted:extra lol because "air BnB for cars" has existed for like 15+ years with hire by the hour Pretty sure airbnb doesn't charge by the hour. Airbnb for cars is just a normal rental car
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Apr 24, 2024 09:30
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Luigi Thirty posted:no he saw “people of color” and his brain shorted out because obviously it means the foreign aid is only for black people hes going to spend the next five months looking for the sole poor white person in sudan
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Apr 24, 2024 09:46
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UCS Hellmaker posted:Hell I didn't even know dojo existed for a long time, and I don't actually understand wtf it is other then a smokescreen to try and sound like Tesla will compete with nvidea. it was a big pitch a few elon hype cycles ago, when elon noticed they were spending hundreds of millions with nvidia the guys who designed it left tesla about the time they started giving billions to nvidia (like many other high profile chip guys at tsla) it turns out compute is hard for a lot of reasons and requires a constant cash influx for new designs and being on a cutting edge fab process a highlight was bragging about their sv datacenter tripping a local substation at 2mw; highlighting: one of the dumbest possible places to put a dc (crazy expensive power and real estate), a high power draw for the capability they were talking about (inefficient), and low power draw for a 'big' system
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Apr 24, 2024 12:21
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Main Paineframe posted:all he can do is hope the investors have short memories and are easily distracted by newer, shinier promises sadly it seems this is a winning strategy, which does beg the question of how these marks made enough money to invest in the first place if they're constantly betting on musk's latest beans being the ones to produce the giant beanstalk once you make enough money to be an investor surely you should be paying someone smart to invest for you so they don't put your likely-not-even-hard-earned cash into an obvious Elonzi scheme
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Apr 24, 2024 12:40
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in a well actually posted:it turns out compute is hard for a lot of reasons and requires a constant cash influx for new designs and being on a cutting edge fab process should be simple for a man of elon's genius ergo it is actually simple and everyone else is wrong hope that helps clarify the situation, op
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Apr 24, 2024 12:41
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Tesseraction posted:sadly it seems this is a winning strategy, which does beg the question of how these marks made enough money to invest in the first place if they're constantly betting on musk's latest beans being the ones to produce the giant beanstalk reminder: cathie wood is investing other people's money
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Apr 24, 2024 12:46
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Nitrousoxide posted:Y'all need to stop getting worked up over minute to minute after-hours stock trading. or just stop constantly barking at the stock price in general. It's a meme stock now, by definition divorced from any economic reality, and has been for like 10 years.
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Apr 24, 2024 12:46
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infernal machines posted:reminder: cathie wood is investing other people's money that's why I said hire someone smart
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Apr 24, 2024 12:47
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Air B&B for cars is Turo
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Apr 24, 2024 13:24
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mrmcd posted:or just stop constantly barking at the stock price in general. It's a meme stock now, by definition divorced from any economic reality, and has been for like 10 years. I would agree... except for the fact that my retirement and savings are placed in index funds where this piece of poo poo company is included by default so i do actually care about it dropping so low that it gets removed from the index
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Apr 24, 2024 13:30
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lol I can see "just: tesla to speed up delivery of affordable model" headlines which is great - total admission of CEO incompetence but also zero information on what it is or when or how it will actually compete with existing cheaper models from other manufacturers that don't look like they were made by children
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Apr 24, 2024 13:34
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refleks posted:I would agree... except for the fact that my retirement and savings are placed in index funds where this piece of poo poo company is included by default so i do actually care about it dropping so low that it gets removed from the index It's like 1% of the s&p index. Which is still higher than the correct amount (0%) but not worth the time to get mad about it being in your SPY/VOO shares especially if you're not planning on touching them for 30 years. edit: also in those 30 years you're going to be swept along by the tide of dozens of other market trends some equally stupid. The whole thesis of passive index investing is that over a decades long timeframe nobody can consistently pick out the winners from the losers so you might as well buy all of it. mrmcd fucked around with this message at 14:07 on Apr 24, 2024 |
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Apr 24, 2024 14:01
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I will not. I want elon to lose everything
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Apr 24, 2024 14:17
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time to launch that 's&p500 except for tesla' etf
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Apr 24, 2024 14:27
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gschmidl posted:zentai suit ahh that was the term i kept drawing a blank on lol
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Apr 24, 2024 14:45
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Tesseraction posted:sadly it seems this is a winning strategy, which does beg the question of how these marks made enough money to invest in the first place if they're constantly betting on musk's latest beans being the ones to produce the giant beanstalk it's pretty much the same as the tech/startup bubble in general, as well as the crypto bubble (Musk draws from both pools) these people have so much money that they can afford to throw a few hundred thousand at every single bean-seller they meet. it's basically pocket change for them. they figure that if even one of those bean-sellers ends up producing a giant beanstalk that leads to a goose laying golden eggs, the payoff will more than make up for all the money they blew on vastly overpriced beans they don't want to miss out on the possibility of getting in early on the next Apple or the next Amazon. but they don't actually know how to tell which companies are going to be the next Apple or the next Amazon, so they just throw money at every smooth-talking self-proclaimed tech guy who asks for it. and that's why no matter how bad the numbers look for Tesla, there's always gonna be a fair number of money people who can't bear to pull their money out for fear of missing out on Tesla's iPhone moment of course, there's a limit even to those people's tolerance, and a lot of the smart money has noticed by now that Musk's promises are mostly bullshit. but he's also attracted a lot of the crypto fanboys who had any money left after the NFT bubble popped, and we all know those people have awful judgment. plus, now that he's openly and blatantly using his money to pull politics to the right, there's no shortage of wealthy libertarian failsons willing to invest their trust funds into the guy who's gonna save civilization from the woke menace
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Apr 24, 2024 15:01
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what percentage of the stock is owned by the small time retail bazingas? like i’m thinking about gamestop, where there’s so many delusional bagholders that the price can float pretty high even after it’s clear there’s nothing left. in that case it’s not like the price can move down that much because there’s enough people holding and willing to grab the falling knife.
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Apr 24, 2024 15:13
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FlapYoJacks posted:After market traders with sell orders for 1 nanosecond after the market opens. It’s gonna tank tomorrow morning. i didn't think this would happen and gave it about an hour of trading to be fair to you. nah:
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Apr 24, 2024 15:14
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put another way, it's actually far up
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Apr 24, 2024 15:15
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Eeyo posted:what percentage of the stock is owned by the small time retail bazingas? institutional holdings are 43.73%, so if we round that to 44%, obviously you get 56%. but that's not accounting for insider holdings, i.e. elon's stake and the board's, etc. considering elon himself owns roughly 11%, and board members alone having small single-digit percentages, plus executives etc. — i think we can safely say there are very likely fewer retail investors than institutional ones e: not that it's abnormal for a high-cap publicly traded company to have that kind of ratio or anything, it's unironically not Beeftweeter fucked around with this message at 15:24 on Apr 24, 2024 |
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Apr 24, 2024 15:20
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Beeftweeter posted:put another way, it's actually far up the market can remain irrational indeed I saw reports that Uber and Lyft saw their share price drop and it was put down to the robo-taxi claim, so again, these investors are the dumbest loving gullible clowns
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Apr 24, 2024 15:34
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interesting https://bradmunchen.substack.com/p/tesla-q1-results-a-shady-set-of-numbers by looking at the average unit price increasing despite the myriad price cuts musk made, Brad suspects musk is using FSD deferred revenue to pad the results, making a back of the napkin estimate of $700mn assuming the difference between the unit price increase and what it should have fallen by he admits that's highly speculative but the numbers as shown were screaming something was amiss, and he says the 10-Q form they have to release next week will show the actual figure
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Apr 24, 2024 16:08
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Would Elon just lie?
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Apr 24, 2024 16:35
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Sickening posted:Would Elon just lie? About what Tesla is going to do in the future or how capable the cars are right now? Absolutely. About actual accounting numbers? No way, they're public with huge teams preparing their reports. There's room for a lot of creative bullshit but I'll eat my hat if there's actual Enron-ish accounting fraud. Tesla's stock price was always sky high despite their financial results being unimpressive, they don't need good financials. When Musk says the robot is going to suck you off the stock will shoot above $200 again.
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Apr 24, 2024 16:50
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Sadly not as true as I hoped. https://theshovel.com.au/2024/04/23/elon-musk-dead-at-52-misinformation-laws/
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Apr 24, 2024 16:50
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i think you'll find my title is master of coin so your cfo rules don't w
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Apr 24, 2024 16:52
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I apologize for thinking a company losing $7,000,000,000 in profit would make number go down. I will personally see to it that I am put on a PiP post-haste. 
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Apr 24, 2024 16:53
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I understand that a lot of people are inexplicably fascinated by what happens with Tesla's stock price, but I don't understand why.
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Apr 24, 2024 17:02
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Sagebrush posted:I understand that a lot of people are inexplicably fascinated by what happens with Tesla's stock price, but I don't understand why. Number go up: Bad! Number go down: Good!
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Apr 24, 2024 17:13
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Sagebrush posted:I understand that a lot of people are inexplicably fascinated by what happens with Tesla's stock price, but I don't understand why. people are inexplicably fascinated with horoscopes too
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Apr 24, 2024 17:14
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yeah it’s just sports basically. elon musk (and therefore tesla) is like the patriots and i want to see it lose because that will make me feel better
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Apr 24, 2024 17:15
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Tesseraction posted:interesting https://bradmunchen.substack.com/p/tesla-q1-results-a-shady-set-of-numbers https://www.sec.gov/files/litigation/complaints/2007/comp20333.pdf quote:Starting no later than October 2000, Nortel responded to market pressures by quote:In November of 2000, Nortel altered its revenue recognition policies to accelerate this loving around immediately made me think of what nortel was doing before it imploded
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Apr 24, 2024 17:15
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a  success storythem and bre-x i guess
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Apr 24, 2024 17:27
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infernal machines posted:a nortel at least had a product
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Apr 24, 2024 17:28
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Tesseraction posted:interesting https://bradmunchen.substack.com/p/tesla-q1-results-a-shady-set-of-numbers while i haven't read that piece yet, yeah it's definitely interesting and i wouldn't be surprised if it were true — people itt have been speculating that for at least the past 6 months, if not longer (the continual price adjustments are certainly odd). what's pretty funny about it is that if it is true, tesla's YoY net profit for the quarter is actually down somewhere around 80+% lol
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Apr 24, 2024 17:31
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