Thursday, February 16, 2023

I'm Sure This Won't Hurt Tesla's Stock Price A Bit

As I understand it, Tesla's value in the stock market is largely based on it being a tech company, not a car company.  Because as a car company, it pretty much sucks, and seems to have suckered a number of larger players into a very shallow pool far too early (Ford has shut down its specially built factory for electric F-150's because, well, they just can't get it right.  Where is Elon's "cyber truck," by the way?).  OTOH, Mercedes is marketing a car that meets "level 3" self-driving standards, which is better than anything Tesla has ever done.

Or, now it seems, will ever do.

I guess the salvation of our way of life will have to be postponed just a bit longer.  There is a precedent for what the world tends to do with saviors, you know....

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