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Split Thread Musk, SpaceX and future of Tesla

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Noticed I still had this in my watch later list, it covers the fakery used at the latest robot announcements and a few other things he has promoted with "faked" product demonstrations:

 
Darat said:
Noticed I still had this in my watch later list, it covers the fakery used at the latest robot announcements and a few other things he has promoted with "faked" product demonstrations:

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Meanwhile Boston Dynamics' Atlas robot can do parkour:

 
mgidm86 said:
I never saw it. Is it really legal to sell a car like this or is this just another example of Musk thumbing his nose at the law?

Specifically, is it legal for a car to be operated on public streets without a driver on-board?
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The legality may depend on where you are. Apparently it is legal in some states at least. But the driver is responsible according to Tesla.

https://www.forbes.com/sites/lianey...mmon-is-cool-but-is-it-legal/?sh=5de89f1518c6

It's only supposed to be used if you have a line of sight to the vehicle.
 
Fast Eddie B said:
With the average new car price in the U.S. at about $48k, it’s hard to continue to position Tesla’s as a rich man’s toy. Though a fun toy it certainly is!
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Just out of curiosity, what vehicles are counted in that "average new car price"? Just sedans, hatchbacks, etc. Or does that include SUVs and pickup trucks (i.e. vehicles that skew the average price upwards).

The price of a Tesla might not have been high compared to the cost of an average new vehicle, but it might have been high compared to vehicles of the same class/purpose. I e. It may be more relevant to compare the cost of a Tesla with the Honda civic, Hyundai Elantra or Toyota Prius/corolla than with a ford f150.


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mgidm86 said:
I never saw it. Is it really legal to sell a car like this or is this just another example of Musk thumbing his nose at the law?

Specifically, is it legal for a car to be operated on public streets without a driver on-board?
Click to expand...
The feature is disabled on public streets.

I watched someone fetch their Tesla in a parking lot a few years ago when the feature was new. It moved so slow that if it were about to hit anything, the owner could have stopped it fast enough just by lifting a finger.

But, most other manufacturers with similar features limit them to working over a much shorter distance such as pulling out of a garage or parking space. That seems much less risky.

I get the impression that Tesla is trying to do too much with too little hardware. Most self-driving vehicles have a lot more sensors than Tesla.
 

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Fast Eddie B said:
With the average new car price in the U.S. at about $48k, it’s hard to continue to position Tesla’s as a rich man’s toy. Though a fun toy it certainly is!
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Well, maybe, but the average price of a Tesla is nearly $70k (least before these price cuts). They are expensive cars...the third most expensive with only two niche electric brands more expensive:

Tata Motors, $86,154
Rivian, $73,396
Tesla Motors, $69,831
BMW, $68,389
Daimler, $66,158
Geely Auto Group, $58,648
Stellantis, $54,880
Volkswagen Group, $54,858
Ford Motor Company, $54,227
General Motors, $52,175
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Elon Musk: saving the world one luxury sedan at a time.
 
Bill Gates would rather provide vaccines than go to Mars (unlike someone else ;)).

Billionaire Bill Gates has said he would rather pay for vaccines than travelling to Mars, which he does not think is a good use of money.

"It's actually quite expensive to go to Mars. You can buy measles vaccines and save lives for $1,000 (£814) per life saved," he told the BBC.

"And so [that] just kind of grounds you, as in - don't go to Mars."
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https://www.bbc.co.uk/news/technology-64499635
 
Fast Eddie B said:
I bought 7 more shares @ the market this morning when the market opened, so about $117/share.

They say “Never try to catch a falling knife”, and this is probably why. Still, even with this purchase my basis for the shares I now own is $47.97/share, so I’m still up. We’ll have to see if that continues to be the case.
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Awesome trade Eddie
Well done, Tesla $207
 
Samson said:
Awesome trade Eddie
Well done, Tesla $207
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In retrospect I got lucky. Yay!

For the complete story, my purchases since the 3 for 1 split:

11/3/22 2@216.25 $432.50
12/27/22 7@117.50 $822.50
12/30/22 4@122.08 $488.32
1/23/23 8@140.66 $1,125.28
1/26/23 10@160.55 $1,605.49
1/26/23 9@159.13 $1,432.17

(The last 2 we’re a single purchase, filled with 2 lots.)

I’m in this for the long haul, so day-to-day fluctuations don’t bother me too much. Still, I hope the sky’s the limit.
 
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Fast Eddie B said:
In retrospect I got lucky. Yay!

For the complete story, my purchases since the 3 for 1 split:

11/3/22 2@216.25 $432.50
12/27/22 7@117.50 $822.50
12/30/22 4@122.08 $488.32
1/23/23 8@140.66 $1,125.28
1/26/23 10@160.55 $1,605.49
1/26/23 9@159.13 $1,432.17

(The last 2 we’re a single purchase, filled with 2 lots.)

I’m in this for the long haul, so day-to-day fluctuations don’t bother me too much. Still, I hope the sky’s the limit.
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In the long haul, Tesla is still vastly overpriced.
 
Fast Eddie B said:
I still hold to the Efficient Market Hypothesis. As such, nothing is ever overpriced or undervalued. The “invisible hand” of the marketplace decides where a commodity should be valued.
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That sounds a lot like "I believe in magic".

Your so called "invisible hand" is really just a large quantity of investors making decisions about whether to buy or sell. When enough of them start seeing Tesla as just another car company (which is what it is) its share price will adjust itself to be seen in those terms, which means it will go down.
 
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