Hacker News Reader

Comment by saagarjha | Hacker News Reader

The stock seems to be unaware though

The stock has certainly responded, although only time will tell if it'll return to a more sensible valuation.

My guess is that this robotaxi launch will make or break the company. If the product looks like any other first-gen driverless service, Tesla is screwed.

The price to upgrade all those older Teslas is gonna be gigantic and the company is already heavily scrutinized for their lackadaisical approach to QA and safety.

Stock is betting on VP Musk continuing to pull up the ladder for all the EV competitors. Tesla CEO Musk got his fed grants to build out his charger network, now it's time to make sure no one else does so his remains on top.

Downvote if you must, but the man knows how to protect his moats while branding it "ending wasteful government spending".

He may know some things, he got pretty far. But he seems to make some of the dumbest moves. While his 180 turn in politics may have got him closer to his power goals he alientated too many people who used to buy into his vision. Republicans don’t care about EVs or whatever Musk wants to sell them so it seems poorly though out…

But competitors are already here and as others have stated Tesla sales are free falling outside the US, at best that’ll only work for the US. Even in that best case I don’t think that market alone justify the stock valuation. But even in the US I don’t get what will be the Tesla mass demographics anymore.

Down 5% today 11.6% this week 14% this month

The stock seems to be waking up to the problem. Sales are down 12% in Europe in Jan. Down 60% in Germany. Apparently German electric car drivers are not fans of Nazis. Who knew?

Reply on news.ycombinator.com