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bhouston a day ago

Tesla is a meme stock in a similar manner to GME. You cannot bet against them even if they have incredibly unsure future prospectives because there are too many believers who will buy any dips.

al_borland 20 hours ago | parent | next [-]

That might be a little extreme. Tesla is making electric cars and robots. These are very much things of the future.

GameStop is buying and selling used games, which is becoming impossible as consoles keep pushing for digital games.

GameStop requires a major shift in their business model to stay relevant, while Tesla just needs to hope the public doesn’t reject the idea of electrics cars out of stubbornness or politics.

While there is a lot of hype baked into both stocks, it seems like hype with Tesla is founded in more reality than the GameStop hype.

MBCook 19 hours ago | parent | next [-]

Didn’t they just announce their profits dropped like 45% year over a year?

https://techcrunch.com/2026/01/28/tesla-earnings-profit-q4-2...

They’ve been overvalued for a very very long time. And then the head of the company decided to alienate as many people as possible. All while pouring a ton of resources into a product that very few people want instead of saner things.

guywithahat 6 hours ago | parent [-]

Sure but they also beat earnings and revenue targets, and the stock price rose. I think it was expected for EV profits to drop when the tax credit left

adastra22 17 hours ago | parent | prev | next [-]

Electric cars, maybe. Tesla is valued much larger than the rest of the auto industry combined though.

Humanoid robots? Ain’t nobody made the business case for that. It is pure vibes.

johnfn 17 hours ago | parent | next [-]

Are you seriously saying there is no business case for humanoid robots?

array_key_first 3 hours ago | parent | next [-]

Yes, there's no business case for humanoid robots.

There's a business case for robots that are specialized in specific repetitive actions, and we already see this in manufacturing. But general purpose humanoid robots make no sense.

They're incredibly expensive and, from what we've seen, worse across the board compared to humans. It's cheaper to just hire humans.

The human form is actually pretty shit at most things. But, it can do everything. There's just little purpose for that in a business case. You know what you're doing, so you just need robots to do that, not to try to be humans.

Like, okay, you can get a humanoid robot to be a burger flipper. But that makes no sense. You can, instead, have an automated burger cooking machine. Which do exist! I worked in a restaurant with one 10 years ago.

epolanski 10 hours ago | parent | prev | next [-]

I always wonder why those robots have to be humanoid.

I swear I don't need a humanoid robot, give me a proper autonomous robot that cleans your house and I'm more than happy. Could be 40 cm tall, and look like a box, I don't care.

zarzavat 9 hours ago | parent | next [-]

1. The world is designed for humans. If you need to reach the places humans reach then you need to be the same size as a human.

2. Nature has tested many different form factors and the human form dominated the others.

jasondigitized 5 hours ago | parent | next [-]

Ask a plumber what he thinks about reaching places human reach. Nature tested what exactly? Birds and spiders are sub optimal?

epolanski 9 hours ago | parent | prev | next [-]

But this is all based on the idea we need generic robots when we really need specialized ones.

It's like skipping making kitchen blenders and vacuum cleaners and instead building a robot that will be mixing stuff manually or using a broom.

Manufacturing, where 90% of the process is generally automated has countless specialized ones. It would not make sense to put generic ones there, because humans really are doing very specific work in manufacturing.

sejje 7 hours ago | parent [-]

I agree there's a great market for specialized ones. I own some of those, like a vacuum bot.

But the generic robot is the endgame. I think Musk tries to achieve the endgame, probably too soon. FSD, interplanetary travel, etc

AlexandrB 4 hours ago | parent | prev [-]

1 is the real reason. 2 is really down to things like a big brain and opposable thumbs. Our trunk/legs are evolved for persistence hunting and long distance walking - activities that drive approximately 0% of the economy at this point. If robots didn't have to navigate an environment built for bipeds, other configurations would be far more reliable/efficient.

For instance: a quadruped base can be statically stable in case of power loss - a biped really can't.

rsync 6 hours ago | parent | prev | next [-]

“I always wonder why those robots have to be humanoid.“

You are correct to wonder this and almost every use case for a robot will be optimized to a non-human form factor.

Certainly there are tasks - like BJJ training partner - that require a human form factor. Almost everything else, including general, purpose, helper, robot, will be cheaper and more extensible in a non-human form factor.

One of your children remarked that nature has experimented with form factors and humans have won… To which I would point out that the upright, bipedal, form factor arose from the limits of oxygen processing, and heat dissipation… Neither limitation will be encountered in the same way with a robot…

… or perhaps I would point out that nature has, indeed, experimented with form factors and ants won - by a very large margin.

xxs 7 hours ago | parent | prev [-]

instead, sub 12cm disc shaped ones are rather well understood and perform well. They suck opening doors though - but the 40cm one would have a similar issue.

Besides that: I, personally, am totally fine with the current state of the technology.

thefounder 15 hours ago | parent | prev | next [-]

I think the technology is just not there to make the business case for humanoid robots. It’s like the VR. Everyone would like to use VR but the tech is just not good enough. Same with FSD. The robots may be 10-20 years away from actual being good enough. If Elon can trick people for 20 years like he did with FSD then he may have a business case for humanoid robots

jasondigitized 5 hours ago | parent | prev | next [-]

Robots yes. Humanoid ones? Why? So people can be amazed? Purpose built robots are the future. The human form is sub optimal for most enterprise use cases.

sethrin 16 hours ago | parent | prev | next [-]

I have no particular idea whether there's a business case for humanoid robots or not. I would love to have the argument set out well. Perhaps you'd indulge my curiosity.

johnfn 14 hours ago | parent | next [-]

I don't understand why my question was so controversial. Oftentimes on this website I feel like everyone is tapped into some polarizing news source that I am not, and so when I ask some (to my mind) benign question it's actually a secret tripwire that everyone is super polarized on and so rather than engaging in my question they all just tell me I am a moron. But I am seriously just asking a question here.

My layman's opinion is that I would happily pay a lot of money to have a robot help me around the house: fold my clothes, do the dishes, whatever dumb menial labor. That seems like a business case to me, unless someone is going to tell me I'm the only one in the world who could want that (but I doubt it).

OP said:

> Humanoid robots? Ain’t nobody made the business case for that. It is pure vibes.

I can't make sense of this. Are you really telling me you wouldn't pay any amount of money to do menial housework? If not, why not?

darkwater 10 hours ago | parent | next [-]

> My layman's opinion is that I would happily pay a lot of money to have a robot help me around the house: fold my clothes, do the dishes, whatever dumb menial labor. That seems like a business case to me, unless someone is going to tell me I'm the only one in the world who could want that (but I doubt it).

The day that:

- displaced workforce issue is solved

- they cost less than 20k everything included, base model

- do all the processing locally in their HW

- are smaller and lighter than a human being (but can reach higher places)

- last 10 years at least

I will definitely buy one. I don't think I'm going to see this in my lifetime though (I'm in my 40's).

sejje 7 hours ago | parent | prev | next [-]

And another thought: if the robot can do housework, can it do factory work? Fieldwork? Lawn care? What else can it do with zero modifications?

That expands the market greatly.

lisdexan 10 hours ago | parent | prev | next [-]

> Are you really telling me you wouldn't pay any amount of money to do menial housework? If not, why not?

This is called having a live-in maid or a cleaning service. Even in the first-world, where there isn't a disfranchised rural population to provide cheap labor to the middle class (e.g. Philippines, most of LATAM 20 years ago) the service will be cheaper than the price of a vaporware bot [0]. Now, you might say the droid is cheaper if you want a live-in maid in HCOL area, but have in mind that this thing barely can fold clothes and fill a dishwasher (an actual domestic bot). Also it sometimes is actually a dude controlling it remotely.

We would need bots of the level of that awful I Robot movie with Will Smith.

[0] https://www.1x.tech/order

adastra22 14 hours ago | parent | prev | next [-]

No, I wouldn’t.

For one, I don’t spend a lot of time doing housework. Just organize your life better.

Beyond that, the cost would not be small. Based on current designs, operating costs would be thousands of dollars per month. I would not pay that.

It would require a cloud controlled robot with cameras in my home. Why in the world would I want that.

Finally, I already have dishwashers and laundry machines.

sejje 7 hours ago | parent [-]

Why thousands per month?

Why would cloud connectivity be required? (I'm almost certain you're right, the big makers will require cloud--but that's not a requirement of the tech, is it?)

adastra22 5 hours ago | parent [-]

There is insufficient compute to operate these things locally in dynamic environments. The models for doing that kind of robotics inference are running on racks of H200’s.

pavlov 10 hours ago | parent | prev | next [-]

You couldn't pay me any amount of money to have a robot in my home if it's controlled from Elon Musk's data center.

And I'm a former Tesla FSD customer, so I should be the ideal early adopter for this product.

the_other 10 hours ago | parent | prev | next [-]

Do you already pay a human to do this work?

ulfw 12 hours ago | parent | prev | next [-]

> My layman's opinion is that I would happily pay a lot of money to have a robot help me around the house: fold my clothes, do the dishes, whatever dumb menial labor.

Then why don't you hire a helper for that? You just said you'd pay a lot of money, so money doesn't seem to be an issue. What is then?

sejje 7 hours ago | parent | next [-]

I can't speak for the other guy, but as a person who manages humans at work: I'd rather have a robot at home.

1) I live way, way out in the middle of nowhere.

2) Humans are fickle, late, emotional. They have requirements in their own life that conflict with the jobs I want them to do.

3) Taxes. I don't want to deal with this headache. 1099 my cleaner or whatever?

4) In my version, the costs of owning the robot are less than the costs of hiring humans. If that wasn't true, then I'd reconsider. I probably wouldn't buy one until the cost switched like that, unless maybe it was open-source or something.

Here's another way to think about it: Amazon is willing to pay workers to do the job, but they'd obviously rather have the robots do it. The robots work close to free, don't complain, and probably do a better job (at the jobs they're capable of). Why wouldn't they hire a human for that? A lot of the same reasons.

sib 5 hours ago | parent | prev | next [-]

It costs approximately $200 for our house to be cleaned once (by humans). We do it about once a month because we don't feel like spending $200 weekly). It would be great to have it ~continuously cleaned but we the cost/benefit isn't there for having a full-time person.

fragmede 5 hours ago | parent | prev [-]

FWIW, I emailed auntanns.com to ask what a combination personal assistant and housekeeper would cost:

> Thank you for inquiring about our services. I'd love to discuss with you further regarding the person you are seeking. Personal assistants do not do housekeeping and housekeepers do not have the P.A skillset to pay bills and make appts etc unless they are an executive level housekeeper. Rates for executive housekeepers range between $60-$65/hr and a minimum of 20+ hours per week, plus PTO, paid sick days and many also seek a health stipend.

bigyabai 13 hours ago | parent | prev | next [-]

> Are you really telling me you wouldn't pay any amount of money to do menial housework? If not, why not?

Do you own a Roomba? I don't. It's a huge liability and doesn't do the cleaning I want out of it, even at a sub-$1000 price point. The humanoid robot is clunkier, more of a liability, and will still refuse to do certain tasks.

sejje 7 hours ago | parent [-]

What makes the roomba a liability?

ted_dunning 13 hours ago | parent | prev [-]

You would pay "a lot of money"?

Like, more than the cost of your house? For something that can't do those things right and has to be supervised? To a company that can't deliver product on time?

sejje 7 hours ago | parent [-]

Aren't the humanoid robots looking to ship around 20k?

You can hardly even buy a reliable new car for that amount.

sib 5 hours ago | parent [-]

The average new car in the US is now ~$50K.

al_borland 15 hours ago | parent | prev [-]

The business case for humanoid robots is simple... for lack of a better term, they're robot slaves. Companies or governments can buy them once, pay relatively minimal maintenance fees, and have an army of workers that don't need a salary, never take breaks, never complain, never unionize, and do things faster and more accurately than most humans ever will. Any company that can move to robots, will move to robots.

Imagine the profits companies will have when they can eliminate, or drastically reduce, their single largest expense... payroll. Not only the base pay, but 401K match, insurance, payroll taxes, etc. Poof... gone.

techdmn 10 hours ago | parent | next [-]

I agree with everything you've said. To me the next question is: If nobody has a job, who will buy all the robot-produced goods?

sejje 7 hours ago | parent [-]

Some people will have jobs, even in the most robot-heavy vision.

I don't know if it's enough people to buy the goods, but robot-produced goods should bottom out on price, closing in on the actual cost of materials/energy.

bovinejoni 15 hours ago | parent | prev | next [-]

But why are they in humanoid form? Wheels are more efficient than legs, they have no need for a face. It sure does sound like vibes

jdmoreira 12 hours ago | parent | next [-]

Because the world has already been built for the "human" interface

Capricorn2481 10 hours ago | parent [-]

It has? I don't think every little thing has. Do I want a robot that has to lift the couch to clean under it, or do I want a robot that can get under the couch?

sawjet 14 hours ago | parent | prev [-]

How does a wheeled robot navigate stairs?

amanaplanacanal 10 hours ago | parent | next [-]

The same way someone in a wheelchair does. You get rid of the stairs.

adastra22 14 hours ago | parent | prev [-]

[dead]

TheAceOfHearts 15 hours ago | parent | prev [-]

The part that often gets left unsaid or glossed over is what the transition period looks like. At most we get some Underpants Gnomes claim about unlimited abundance without actually engaging with the substance of what happens if this technology gets built and deployed. What do you imagine the political and economic impact will be if a huge portion of the population is left without jobs and the political reality hasn't caught up to the speed with which the technology gets deployed?

Oh no, but Elon Musk tells us that out of the kindness of his heart we're going to have unlimited abundance. The same man responsible for taking away aid from thousands of the poorest people in the world through DOGE's interruption of PEPFAR and USAID.

With a single sentence from him, he could start saving thousands of lives without impacting his wealth in the slightest. He could do that right now.

wasfgwp 14 hours ago | parent | prev | next [-]

Maybe there is. But isn’t Tesla way, way behind Hyundai at this? It’s not even close? Yet Hyundai’s stock is still very cheap..

adastra22 17 hours ago | parent | prev | next [-]

No, I’m saying they haven’t made the case. Or at least the case that is being presented and sold to investors is complete BS.

For example, I work in deep tech and pay attention to the manufacturing industry. The idea that humanoid robots will replace, streamline and revolutionize manufacturing is a joke in that community. They’ve already long since replaced the humans with CNC machines, industrial (non-humanoid) robots, and 3d printing.

The humanoid robotics craze is a lot like the crypto craze. Pure vibes and motivated reasoning. Like crypto, there is actual value there, but way out of proportion to the hype.

johnfn 17 hours ago | parent [-]

I mean, forget the manufacturing industry. I'd happily pay a lot of money just to have one help me with menial tasks around the house. I mean, I'd probably pay thousands for a bot that could just do the laundry. Are you saying that such a market doesn't exist?

aloha2436 16 hours ago | parent | next [-]

The market exists, does it make financial sense to fill it? Are there enough johnfns out there willing to buy enough of them at high enough of a price to justify the mind-boggling capital required, not to mention the opportunity cost?

AuryGlenz 15 hours ago | parent [-]

If you make a $10,000 robot that can do all of the dishes every damned household with kids in any semi-rich country will get one. A very good portion of our night is spent cleaning up after supper with just two kids, and that's time we can't spend with them. I'd even pay a subscription on top of that $10,000.

If it does laundry too? We'd easily pay $20,000, and we don't have FAANG type salaries.

sejje 7 hours ago | parent | next [-]

And imagine if you can share it with your neighbors.

adastra22 15 hours ago | parent | prev [-]

https://en.wikipedia.org/wiki/Dishwasher

AuryGlenz 14 hours ago | parent [-]

Yeah, great. Except we need to unload the dishwasher every day, which takes a lot longer when you have all sorts of kid's cups and bottles. We also need to bring the dishes over, rinse them, put them in, wash the pots & pans by hand along with the high chair's detachable eating area, wash the table, wash the cooking area & counters, and then wash the sink.

A dishwasher saves a lot of time but it certainly doesn't save all of the time.

amanaplanacanal 10 hours ago | parent | next [-]

You could hire someone to clean your house today, you don't need to wait for a robot that might never exist. And it will probably be cheaper too!

sejje 7 hours ago | parent | next [-]

How much does it cost to have them at your house every evening after dinner to do the dishes?

More than I can afford, I bet.

vel0city 8 hours ago | parent | prev [-]

If the $10k robot only lasted 5 years that's a budget of $2k/yr. They have an expectation of someone cleaning most nights of the week. Cleaning services around me will typically charge ~$50/hr. Having someone come for ~2 hours 5x a week means $500/week. You'll blow your budget in four weeks. There are a lot more than four weeks in a year.

But let's be generous and suggest you'll actually get someone willing to come out for just one hour and work for half the pay of market rate. Sixteen weeks. Still far short of 52 weeks.

lbreakjai 10 hours ago | parent | prev [-]

Do you have a double-digit number of kids? Because I've got one, and it takes about ten minutes.

ted_dunning 13 hours ago | parent | prev | next [-]

A robot vacuum costs thousands of dollars (will about a thousand) and they don't work very. There is no way that you are going to get a machine that is orders of magnitude more complex down to that price point any time soon.

A business case is not just a matter of a willing buyer. It is a buyer and a vendor who can agree on a price that works for both. You may have agreed but the physics of the matter mean that there is nobody to take the other side.

olyjohn 16 hours ago | parent | prev | next [-]

You already have machines that do the laundry. Put clothes in, they come out clean. Have you ever tried manually washing clothes? All you have to do is take them out and fold them.

johnfn 14 hours ago | parent | next [-]

For some reason I can't understand, you appear to be contorting yourself into making a totally bizarre argument (there is no valued in saved time whatsoever). You can't honestly believe that.

adastra22 15 hours ago | parent | prev | next [-]

Next you’ll be telling me there’s a machine to wash your dishes.

zo1 15 hours ago | parent | prev [-]

And yet such a HUGE amount of time is spent by families around the world (mine included) just moving laundry around in various states:

Dirty -> Sort It Yourself -> Plan Washing Chunks -> Load into Washing machine -> Yay It "Washed it For You" -> wet pile of clothes -> Unload it -> dryer -> Dryer "Dries" it For You -> Fold It Yourself -> Storage.

Now do this for a family with 2 kids that go to school. Washing is literally an hour or two of collective human time every day.

I'd pay money to rather spend that time with my kids instead of yet another useless daily chore that can be automated.

Now also apply the same logic to dishes, clearing up around the house, sorting cupboards, Driving!!, and a host of other things. The market is absolutely huge, and people are sticking their heads in the sand because they know that once this drops, humanity will reach an inflection point and all pointless manual labor will disappear, which means saying goodbye to cheap third world labor and only capital + raw resources + energy will be the only things holding back all scaling.

numpad0 13 hours ago | parent [-]

  https://en.wikipedia.org/wiki/Washer-dryer
Dirty clothes go in, dry clothes come out. Some have auto measuring detergent dispensers.
hakfoo 16 hours ago | parent | prev | next [-]

Humanoid robots are a lot of sizzle-- they promise all sorts of flexibility, at the cost of hugely higher cost/complexity/unreliability.

If you can scope your problem to some degree, you can probably make some purpose-built automation that won't look like a human, but will do the job competently and cheaply.

I see the demos with the robots carrying boxes and think "okay, why not just use a conveyer belt?"

AuryGlenz 15 hours ago | parent | next [-]

Because, again, for home use we don't want a laundry robot, a dish washing robot, a cleaning robot, etc. We kind of have those (laundry machine, dishwasher, Roomba-types) but they all have big limitations. What people want is something that can do everything a human can do, so it can put away those dishes, wash a pan, clean the table, counters, etc. We've already scoped the problem and a humanoid-ish robot is probably the best option to do those things.

seanhunter 15 hours ago | parent [-]

Well for home use you probably also want a robot that won’t accidentally murder your pet, injure your children, break itself and/or your prized possessions by doing the wrong thing, etc etc etc.

These are unsolved problems for robotics. There is a reason that most industrial robots work behind guards or in very constrained areas with use cases that are 100% on rails and stringently tested.

The idea that if you just make a robot in a human shape all these cease to be problems is magical thinking. We are fare from knowing that a humanoid-ish robot is the best option to do any of these things because we have no idea what it would take for it to do these things safely other than to say it would take technology that we currently don’t have.

sejje 7 hours ago | parent [-]

What? You don't think I should give my humanoid robot a chainsaw and tell it to clear the field?

WCGW?

seanhunter 6 hours ago | parent [-]

Hehe. Yeah exactly. At the moment I have to prep the room for my roomba so it doesn't eat my rug and commit suicide by cable. I can't imagine a humanoid, presumably strong, robot let loose in my home and I am for sure a tech enthusast.

sejje 6 hours ago | parent [-]

I'm not likely to be the guinea pig, either.

I want the endgame version, but not the first version.

adastra22 15 hours ago | parent | prev [-]

The laundry bot would probably be a box with some some 6DOF chopstick like positioners doing “cloth origami” to fold clothes. No need for an overkill 2kW humanoid.

thefounder 14 hours ago | parent | prev [-]

The market for that exist but the execution to get that product is beyond hard. Compare full self driving after all these years where are we? It’s still not a real thing. It’s still just a limited experiment. The cars have only speed and steering angle to manage. What do you think about “full self driving robots”? There is a business case for them but in the near term you cannot make one good enough for the tasks you want. Safety is a big issue on top of making the robot useful. You don’t want it hurt anyone.

johnfn 14 hours ago | parent [-]

I responded to someone saying "Ain’t nobody made the business case for that. It is pure vibes." When I point one out, all the responses shift the goal posts, as you are doing, to say execution is incredibly hard or Tesla is far behind or whatever. But that's not what I was saying, nor what I was responding to.

adastra22 14 hours ago | parent [-]

You didn’t make the business case though. How big is that market? How many units could be sold, at what price? What ongoing operating and maintenance costs?

csomar 16 hours ago | parent | prev | next [-]

If you think our current tech stack is anywhere close to making humanoid robots viable, then you might as well buy Tesla stock.

seattle_spring 16 hours ago | parent | prev | next [-]

There's a huge business case! There's also a major business case for teleportation, which seems about as likely to happen under a Musk-led company.

bigyabai 17 hours ago | parent | prev | next [-]

There was a "business case" for $25,000 EVs before China did it, and Tesla conveniently pivoted. It's 2026, anyone who's watching the game knows the score.

UltraSane 9 hours ago | parent | prev | next [-]

Not for what they currently cost and are capable of.

oblio 17 hours ago | parent | prev [-]

No, they're probably saying you're that believer that will buy the dip.

johnfn 17 hours ago | parent [-]

I own no TSLA stock and never have. I have no horse in this race.

parineum 16 hours ago | parent | prev [-]

Tesla is valued at more than the auto industry because they are doing more than the entire auto industry.

Honda is going to come out with a new Civic next year. It's going to look like the old Civic.

Tesla is trying to create self driving taxis to make the rest of the auto industry obsolete.

If you think that can happen, they should be worth more than the rest of the industry.

mywittyname 16 hours ago | parent | next [-]

> Tesla is trying to create self driving taxis to make the rest of the auto industry obsolete.

This is a pretty baffling take. Most people in the world operate their own cars, and even if taxis were free, a large portion of them would continue to operate their own cars because it's convenient.

Taxis also don't replace a good chunk of the new vehicle market. People driving fleet trucks aren't going to work out of taxis. The top selling vehicles in the USA are pickup trucks, and it isn't even close.

Lastly, even if they succeed, competition will catch up and the market will be saturated.

In 20 years, people will still be buying the humble Civic. While the next 20 years at Tesla will probably be a string of market failures and wacky promises of personal space craft or some shit.

overfeed 16 hours ago | parent | next [-]

> Lastly, even if they succeed, competition will catch up and the market will be saturated.

Waymo is already in the lead, and OEMs will be beating down Waymo's door to license a simplified Driver stack if L3 autonomy becomes a sales-driver (ha!)

Edit: Waymo already has strategic partnerships with Toyota and the Hyundai group, so OEMs are already further along this path than I thought

parineum 16 hours ago | parent | prev [-]

I didn't state my opinion at all. That's just why it's valued the way it is. People believe that it will be valuable, that's what an investment is.

I'm just offering a reasonable explanation for why people value it. Nobody has to agree.

aloha2436 16 hours ago | parent | prev | next [-]

> Tesla is trying to create self driving taxis to make the rest of the auto industry obsolete.

They are one of many organisations trying to do that and they are not the most successful at it.

ndngmfksk 16 hours ago | parent | prev | next [-]

Honda have been making humanoid robots since the 1980s.

thefounder 16 hours ago | parent | prev | next [-]

Well, check Hyundai as well. They do more than cars as well including robots(Boston Dynamics). Tesla is not doing anything special. It was the only EV someone could use but it’s no longer the case. Now it tries to go the robots way but it’s not the same as the EV was. There are tones of humanoid robot companies, some more advanced than whatever Tesla is cooking

wasfgwp 15 hours ago | parent | prev | next [-]

It can happen. Its unlikely Tesla will catch up to Waymo any time soon though. Yet valuation for Tesla (relative to how much money they are making) is massively higher than Google’s. Which would make very little sense following this logic?

hakfoo 16 hours ago | parent | prev | next [-]

We're missing a part of the case though: why do you need to be a car-maker to be the vanguard for self-driving taxis?

The best case scenario for a self-driving company would be to target software and sensor solution packages that they can sell or license to other manufacturers. Such a vendor can focus on the self-driving problem and not have to bother with things like "we found a surprisingly big market niche for a 11-passenger minibus, but no platform for it" or "to sell it in the EU we need the headlights to be 5cm lower". I'd expect the margins are also a hell of a lot higher if they don't have to include two tonnes of steel with each auto-driver license they sell.

Maybe they build a small number of test mules, or just chop-shop a few off-the-shelf cars as a R&D fleet, but they hardly need to be a seven-figures-per-year manufacturer to be supplying those needs.

That's even assuming they come out green in the competition to deliver robotaxis. Right now the leading player in the US market is a company who is neither Tesla nor a legacy vehicle manufacturer. It's an adtech who started gluing the contents of a Radio Shack onto the worst cars you could possibly think of (Chrysler Pacificas and Jaguar i-Paces? Really?) and turned it into something that's an everyday thing in several major cities.

Tesla FSD story reminds me of the fracas that was early OS/2. IBM sold people 286 hardware on the promise of it running OS/2, so they had to waste a lot of effort building a 286-capable OS/2 that was clunky and almost immediately obsolete. No matter how talented Tesla's R&D team are, they're walled in by design choices made on existing vehicles (i. e. relying on cameras instead of lidar). I wonder if they'd be better off being ran as an arm's length startup to address the problem more generically, and then they can sell it to other firms if it turns out that the best solution won't work on existing Tesla hardware.

itzprime 14 hours ago | parent | prev [-]

They are actually behind in a lot of their self driving to other car companies

themafia 13 hours ago | parent | prev | next [-]

> These are very much things of the future.

I thought it was hyperloop. I thought it was suboribital taxis. I thought it was underground taxis. I thought it was self-driving semi trucks. Or was it solar roofs? Or powerwall? Wait weren't we supposed to be on the moon again right now?

He's a bullshitter. Yea, he picks good targets, but he is entirely full of shit. The market just does not reflect this. He should have been golden parachuted onto a yacht years ago.

karel-3d 7 hours ago | parent [-]

To his credit he also delivers, sometimes.

X kind of works. XAi kind of works. You can say it is all kind of broken but it works. People predicted X will collapse just a few months ago!

StarLink is really popular now, and it didn't exist few months ago.

He can still do things. People are betting on that.

Now if you ask me, Tesla is still his biggest moneymaker and collapse of Tesla sales will be catastrophic for his empire.

bhouston 5 hours ago | parent [-]

> X kind of works.

It is less popular and makes less money than when he acquired it, and that is ignoring the fact that it is a cesspool of racism now.

jeltz 20 hours ago | parent | prev | next [-]

Tesla's sales are standing still in a growing market. Are they GameStop? Maybe not, but they still require a major shift or their competitors will leave them behind in the dirt.

coffeebeqn 11 hours ago | parent | prev | next [-]

They are making things but the case for them being worth an order or magnitude more than a normal EV company is getting weaker by the day

julianeon 16 hours ago | parent | prev | next [-]

This was true when Tesla was primarily in the market of making electric cars. It is not true if their business is humanoid robots: that's squarely meme stock territory.

jojobas 17 hours ago | parent | prev | next [-]

Tesla's valuation is not related to their production of cars or robots.

bdangubic 17 hours ago | parent [-]

refrigirators then? some other household appliances? what exactly is “thing de jour” tesla is today?!

jojobas 17 hours ago | parent | next [-]

BYD made 35% more electric cars than Tesla and its market cap is about 1/10th.

Tesla's valuation has no grounding in any physical goods it manufactures.

16 hours ago | parent [-]
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linkregister 17 hours ago | parent | prev [-]

imagination and feelings

manuelmoreale 16 hours ago | parent [-]

We might as well call it “vibe valuation“ since that’s what it is.

ulfw 12 hours ago | parent | prev | next [-]

They are making no robots.

What robots are they making?

Where can you buy one? What does it do?

gcr 18 hours ago | parent | prev | next [-]

The current administration is “rejecting the idea of electric cars out of stubbornness or politics.” See: Trump moving to withhold funding for EV chargers, terminating EV mandates and government support, etc. I don’t know what Musk is thinking by supporting this administration so steadfastly as they work hard to undermine his own efforts and initiatives.

aaronbrethorst 17 hours ago | parent | next [-]

I'm not making any specific assertions about what's in Musk's heart. I can draw some conclusions from his behaviors, actions, and words, but that's neither here nor there.

I will say, though, that there is a longstanding tradition, certainly in the United States, of an in group hurting their own material interests to deprive an out group of that same thing. https://www.marketplace.org/story/2021/02/15/public-pools-us...

dylan604 18 hours ago | parent | prev | next [-]

Musk got what he needed at the expense of losing some tax incentives for his customer base. He was able to shut down government investigations into him/his companies. That alone should have been worth quite a salary bump.

csomar 16 hours ago | parent | prev [-]

It's pure politics: https://www.reuters.com/business/autos-transportation/genera...

The people behind the Diesel won and now are moving the money flows their way. See GM stock.

pm90 12 hours ago | parent | prev | next [-]

tesla is not making robots.

jmyeet 18 hours ago | parent | prev | next [-]

The only thing keeping Tesla afloat currently is tariffs and restrictions on far cheaper and far better foreign alternatives. That's not a solid foundation. It's certainly not a trillion dollar company.

The dam is breaking. We have Canada lowering tariffs and agreeing to allow the import of Chinese EVs (limited, at least to start with) and the US administration goes off on Canada for doing it because they know what it means: crumbling American influence.

South America, Africa and Asia are likely forever lost to Tesla. And European sales are tumbling.

The supercharger network will maintain some inertia for some time but only for so long.

You can see this in Tesla announcements about attempts to diversify. AI robots? I'll believe it when I see it. Robotaxis? Well you're reliant on FSD for that and you have stiff competition in Waymo and who knows what China is cooking up there.

The GP was correct: it's a meme stock. It's no longer an investment in a business. It's an investment in Elon and, more generally, an investment in the administration. There's no fundamental way to predict how that goes and on what time scale. If you want to gamble, gamble. But gamgling is what it is. And, just like Twitter, I guarantee you the people at the top won't be left holding the bag.

direwolf20 18 hours ago | parent | prev [-]

BYD makes electric cars. Not sure if Trump will let you import them.

nancyminusone 18 hours ago | parent [-]

Nor will any American president. Detroit would collapse overnight (again).

sschueller 16 hours ago | parent | prev | next [-]

You can on the betting market bet against Tesla reaching their ever moving goal posts. Those same meme stock holders are so sure that FSD will come by March that they are taking the bets.

Grimblewald 13 hours ago | parent | next [-]

All fun and games until people game the system. Polymarket for example will frequently just bend/ignore the truth to make specific unlikely/not real outcomes happen.

16 hours ago | parent | prev [-]
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shevy-java 17 hours ago | parent | prev | next [-]

> You cannot bet against them

I am not sure. I think buyers or potential buyers shifted their assessment of Tesla in the last, say, 1-2 years a lot.

epolanski 10 hours ago | parent [-]

Did they? It keeps going up despite no reasons for it.

ghtbircshotbe 6 hours ago | parent | prev | next [-]

Game stop used its irrationally high stock price to raise money. Tesla instead has been giving away stock to make Musk richer.

AndreyK1984 16 hours ago | parent | prev | next [-]

I was exactly going to shot Tesla. Is Tesla more like Elon meme ?

CamperBob2 17 hours ago | parent | prev | next [-]

GME is a joke that got out of hand. TSLA is a cult that went too far.

sixQuarks 17 hours ago | parent | prev | next [-]

The Elon hate is really creating a blind spot for many people here.

You can’t just compare Tesla to a meme stock when the founder’s side gig is launching and landing orbital rockets - a feat that even the most technologically advanced nation states have failed to accomplish.

Come on people, use a little critical thinking skills.

anonymars 17 hours ago | parent | next [-]

Critical thinking might ask how the valuation of company A has any relationship to the activity of a completely separate company B (planning for its own IPO)

But I will concede the founder's other side gigs would appear to have significantly affected its sales

linkregister 16 hours ago | parent | prev | next [-]

Multiple things can be true:

1. SpaceX was an exceptionally well-executed good idea, and continues to be a leader in innovation.

2. Tesla brought EVs to the mass consumer market and proved the profitability of EVs.

3. Elon Musk was essential to the success of SpaceX and Tesla.

4. Tesla now has fierce competition in the category it defined: EVs.

5. Tesla has undergone revenue and profit reduction.

6. While it experiences promise in alternate product lines, Tesla is not a market leader in robotics (Unitree, Boston Dynamics) or self-driving cars (Baidu, Waymo). Tesla reported profit growth in residential solar and residential power storage, but the revenues from these verticals are dwarfed by other segments.

7. The trend over the past decades is Elon Musk being successful at innovating in underserved parts of the market.

8. Elon Musk is not currently pursuing any underserved parts of the market.

bccdee 7 hours ago | parent | next [-]

And man behind the cybertruck has not earned the presumption that he has a secret plan. If it looks like things are going poorly, they probably are.

15 hours ago | parent | prev [-]
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karel-3d 7 hours ago | parent | prev [-]

But Tesla and SpaceX are different companies

raincole 15 hours ago | parent | prev [-]

There is no such thing as "meme stock." It's literally just how stock market is since forever. But every generation thinks they are so special that they have to coin new terms for the oldest things.

wasfgwp 15 hours ago | parent | next [-]

Historically bubbles like this hardly ever lasted this long, though

adammarples 13 hours ago | parent | prev [-]

That doesn't mean there's no such thing as a meme stock, that means there have always been meme stocks and we now have a consice name for it