254
you are viewing a single comment's thread
view the rest of the comments
[-] TropicalDingdong@lemmy.world 9 points 14 hours ago

Edited for clarity. I mean that nothing about Tesla's valuation makes sense without them being first to market with self driving, and also some time/ runway to have first mover advantage. Its a valuation famously detached from reality.

And they aren't. From what I've heard their self-driving is bogus, which is also the target of the article.

From what I understand Tesla is a car company only on the eye of us, in paper Tesla are spyware in wheel and that’s from where the money comes from

[-] skisnow@lemmy.ca 5 points 10 hours ago

I think by now if you're still holding TSLA and aren't an index tracker, you've drunk the kool-aid and very little is going to shake you out of it.

[-] timewarp@lemmy.world 7 points 14 hours ago

It makes sense when you see Teslas for what they are. They are a status symbol. They represent apartheid, colonialism, oligarchy, child exploitation and genocide. Whenever you see someone driving one, they are proudly stating that is what they support. The more they show support for those things without consequence signals it is open season for exploitation. Now we have an entire financial system built on exploitation. So when you see a high valuation for a company that makes it their symbol, it means the system would not exist without those ideas.

[-] atrielienz@lemmy.world 1 points 3 hours ago

No. Lots of people bought them before it became public known what a shitshow Musk is. They bought them because they wanted to limit their environmental impact, the cars were fairly cheap (with the tax credit), and they had a new tech cool factor.

Now their valuation is in flux and people don't want to buy them for multiple reasons including all the bad shit you listed, but let's be real here, they can't sell it for an equivalent vehicle and a lot of people don't have the money to go without transportation for work or school to make a political statement.

If you buy a Tesla now? Yeah. I'd agree you're cosigning all that bad shit. But there's lot of people still driving them who can't afford to just buy another vehicle who didn't know and aren't doing that.

this post was submitted on 07 Jun 2026
254 points (99.2% liked)

Fuck AI

7266 readers
1320 users here now

"We did it, Patrick! We made a technological breakthrough!"

A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.

AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.

founded 2 years ago
MODERATORS