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InsideOutSanta 9 hours ago | parent | next [-]

Tesla has become a meme stock. The stock's performance is disconnected from the company's performance.

I agree that Tesla has clear strengths, like the vast amount of data they've collected from their cars, and their charging network, but it's also obvious that something is going very, very wrong with that company. The stock value is not reflecting that.

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moralestapia 8 hours ago | parent [-]

Tesla is trading at 10x its revenue, which is kind of OK, so there's that.

(Do. Not. Look. At. P/E.)

	▲	malshe 4 hours ago \| parent [-]
		10x revenue for a company with declining sales is way overvalued.

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

Fun fact - recently it was declared that both Tesla and CCP EVs are to be treated as completely untrusted and not accepted in any semi-secure facilities in Poland (so including pretty much any military location)

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

> like nobody trusts Huawei or Xiaomi phones.

Loads of people trusted Huawei, even after all the hyperbole about backdoors for the government. It needed regulators banning Huawei to knock their share of the market and protect the homegrown spyware.

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thephyber 8 hours ago | parent | next [-]

The government bans on Huawei were obviously do to three reasons: network security, economic competition, and politics.

Huawei doesn’t only make phones — they also make the cell network infrastructure and they sell it at much lower costs than American companies do. The US put pressure on allied countries to divest from Huawei infrastructure (especially 5G cell networking) to both avoid the security risks and to leave those allies with only American companies to buy from.

And we can’t forget that Trump very publicly used Huawei’s executive as a hostage to a negotiation.[1]

[1] https://en.wikipedia.org/wiki/Extradition_case_of_Meng_Wanzh...

	▲	happymellon 7 hours ago \| parent \| next [-]
		> network security This was the only reason I remember being given. And was also the one that was contradicted the most as they were sharing all the source code, and several areas of national security reviewed it, including GCHQ, giving it the clear. Politics and trying to stop an economic competitor from taking business away from overpriced alternatives was the real unspoken reason.
	▲	nutjob2 7 hours ago \| parent \| prev [-]
		> to leave those allies with only American companies to buy from This is conspiratorial nonsense, the EU has Sweden's Ericsson and Finland's Nokia and along with South Korea's Samsung there are plenty of choices. I can't actually think of comparable American companies.

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KomoD 9 hours ago | parent | prev [-]

I trust Xiaomi, they make great phones.

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ben_w 8 hours ago | parent [-]

They can make great phones and still be spying on the user and everyone near them.

They wouldn't be good for intel gathering (either deliberate or incidental, c.f. FitBit or whatever leaking some US military info because of all the soldiers tracking themselves) if they weren't also just straight up good products.

This lack of exclusivity between "quality" and "spying" is also why I found it hard to trust US products even before Trump 2.

	▲	KomoD 2 hours ago \| parent [-]
		> They can make great phones and still be spying on the user and everyone near them. All of them spy on me so it makes no real difference to me.

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

>Tesla is leading and succeeding. People have faith in Musk as a leader. Nobody trusts CCP EVs, just like nobody trusts Huawei or Xiaomi phones.

That sounds literally like a religious mantra. Do rational investors have 'faith' in the Costco CEO? Do they even know his name on top of their head?

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ThatMedicIsASpy 8 hours ago | parent | prev | next [-]

Faith and trust is something nobody uses to describe Musk. Maybe you should pop your own bubble you seem to live in? Using faith and trust while completely ignoring twitter?

	▲	thephyber 8 hours ago \| parent [-]
		Tesla investor meetings are just lots of investor bros who have faith in Musk. They trust that Musk can continue to deliver the mindshare that he previously did to get the stock price to where it is. I think he has tremendous downside risk, but there are a ridiculous number of people who still have “faith and trust” in him despite all of his downside risk.

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epolanski 9 hours ago | parent | prev [-]

Most of the world is buying chinese EVs and likes them.

Also, fun fact, I do own a Xiaomi 13T and I'm absolutely happy with my phone.