• jj4211@lemmy.world
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    12 hours ago

    Tesla as a company is in a damned if they do, damned if they don’t.

    When you look at the business fundamentals versus the stock valuation, it’s clear something doesn’t add up, and at least formerly elons image was a big part of it.

    Then he went full mask off and tanked his image.

    So without the musk cult, is there enough to support their over inflated valuation? What does a post cult Tesla look like, when other companies have proven they can catch up or pass Tesla on various fronts people thought Tesla might be unassailably ahead. The various potential horizontal growth opportunities like solar and home batteries have fallen flat, their robot demonstration was significantly faked, and they are late to the self driving cab game, at best. A solid company, but not worth more than all their competition combined as their current valuation suggests.

    So I think the hope is that he gets preoccupied with “making Tesla great again” and away from screwing with government. Then hope that people kind of forget about his political machinations and things sort of go back to the way they were for the hopefully forgetful public.