this post was submitted on 09 Jan 2025
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Because its way WAY overinflated. Musk fanboy have been stuffing money into Tesla since forever foaming at the mouths about each next lie musk claims next. SELF DRIVING CARS, TOMORROW! (for the past decade or so already and he's still not even halfway there, let alone close)
He claims to be the best engineer in the world, he doesn't even qualify as a basic engineer. What he is is a very good con man who really is talented at lying and using his flamboyant persona to pay his own image up and not get found out.
And its insane. Everything he says is a lie yet the fanboys scoop it up, slurp it up, snort it up. They continue to buy Tesla stock without any indication that it's actually worth the money and the stock has been rising for years without Tesla doing anything to warrant it
Loom at Tesla! The last model they brought out, the cyber truck was a hilariously stupid dumpster fire that was so badly designed and built that.. ah, just look at some news articles, look at some YouTube videos. the car is a shit show. The trucks? Crickets. Why crickets? Well, fundamentally, electrical long haul trucks are a very bad idea and nobody wants them. It won't ever go anywhere. What else? There is nothing else new. All the models they're selling are from years ago, there is nothing new.
Meanwhile other car manufacturers are racing circles around Tesla, there is so much better and cheaper on sale now, Tesla has been dying for quite some time. The only new things that are coming are Elon lies. Tesla with space rockets, full self driving, you name it. All lies.
Yet people keep buying telsa stock because they keep believing that Elon is an actual engineer z or even competent (he was famously fitted for incompetence)