• Buffalox@lemmy.world
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    1 year ago

    Funnily enough the TSLA stock is 800 billion and the BYD stock is 75 billion.

    That’s because Tesla is extremely overvalued, because Musk is a con man, who promises Tesla will lead AI for fully autonomous driving, and basically promises that when that happens, it’s nearly infinite money. In reality they are currently #4 at best in AI for self driving.

    I’m guessing BYD is valued more by criteria similar to VW and Toyota.

    PS: Yes I know half of infinite is still infinite. But I hope you all understand what I mean. 😋

      • Buffalox@lemmy.world
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        1 year ago

        Mercedes, Waymo and GM are all ahead for sure, despite having a setback recently in their testing. But there are others that are likely ahead too, like BYD, Nissan, Nvidia and MobilEye.
        My guess is that Tesla probably ranks 6th currently, but they for sure is no higher than 4th.

        PS I don’t know why you got negative feedback? It’s a fair question.

    • NotMyOldRedditName@lemmy.world
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      1 year ago

      Until this year, most of the analysts weren’t really including FSD in any of their projections. They were projecting Tesla maintaining the really high margins instead of high margins. Some are adding AI in now.

      When the really high margins became high margins, things changed pretty rapidly.

      Of course retail investors amd what actually happens is different, and it’s hard to deny there must be some impact beyond what analysts are saying, but I don’t think it’s as much FSD as people think it is.

      Edit: analysts weren’t even including the energy business either, but thats about to change too.

      • mosiacmango@lemm.ee
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        1 year ago

        Tesla stock goes up because it goes up. Thats about it.

        The company had high margins and a commanding lead for a desirable auto segment, but at this point its losing ground. The stock goes up because it increased 7x during covid because of lies and hype, so its a Bitcoin/GameStop style meme engine now. It dips and people buy buy buy. It has very little to do with company fundamentals.

        • gila@lemm.ee
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          1 year ago

          They print profits out of thin air by earning carbon credits through ZEV program and selling them to other manufacturers. It was 30% of their profits this year and enables competitors to stave off actually making any EVs, leaving Tesla as the only game in town in the US