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[–] 72 points 1 year ago (22 children)

Tesla has sold 7 million and something cars in total according to google. If each of those was 100k, that would still be less than a trillion in total. How could one guy get paid more than the whole company ever made?

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  • [–] 27 points 1 year ago (3 children)

    This is supposed to be paid out over time based on future performance milestones. Also based on projected increased value of shares as a result.

    Still insanely, insanely high though.

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  • [–] 22 points 1 year ago (8 children)

    In the market these days, it's not what you're making now but the future potential of what you might make in the future. And Musk is an expert in dreaming big and make other people believe it.

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  • [–] 13 points 1 year ago (5 children)

    Ya most of his shit is stupid though. The cyber truck, terra forming mars with nukes, the hyperlopp, etc. The Tesla dream was there before him. I just don't get it....

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  • [–] 18 points 1 year ago (2 children)

    Because it's nonsense. We're a decade past the promised rollout of full self driving, the hyperloop is a failure, the cybertruck is a flop, China makes EVs significantly better and cheaper than Tesla. The batteries they're selling are looking more and more likely to get leapfrogged by solid state batteries too. Half the world refuses to touch anything his companies produce.

    Tesla stock should be in the shitter, but results don't matter anymore.

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  • [+] -4 points 1 year ago (2 children)
  • [–] 6 points 1 year ago (1 child)

    He hasn't achieved those dreams at all with Tesla, or any other company that he actually runs. Over a million unsold cybertrucks. No actual autopilot that works. The cybertruck is 17 times more flammable than a Ford Pinto.

    Elon Musk is an average intelligence fascist scam artist that happened to have a golden spoon in his mouth from day one.

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  • [+] 12 points 1 year ago (9 children)
  • [–] 13 points 1 year ago (8 children)

    But that's all bubble. Tesla isn't selling even enough cars to justify its current valuation, and sales are slowing down. The current valuation of Tesla is based entirely on hype, and has been for years. For ever, really, but in the early years it could be justified because it was the fastest growing car company ever, and EVs were new and hot. Now everybody is building EVs, and more than Tesla.

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  • [+] -2 points 1 year ago (8 children)
  • [–] 2 points 1 year ago (7 children)

    Why would this be my first time reading about the stock market? Do you think this is the first bubble?

    Yes, hype and bubbles are common on the stock market, that's not all it is, and that doesn't make them okay. The dot-com bubble led to a crash. Other bubbles led to crashes. This one will too. How long that will take? That depends on the number of greater fools, or on how long they can keep inflating this with financial trickery.

    Teslas are still the gold standard of EVs. They’re not the cheapest, but they’re what everyone wants.

    That was years ago. Tesla sales are dropping in many places, while other the other EV sales are growing. Tesla has peaked, there's no sign of anything that will reverse it. And their sales have never justified their stock value.

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  • [+] 0 points 11 months ago (7 children)
  • [–] 2 points 11 months ago (6 children)

    There's more to a car than speed, and Teslas aren't Lamborghinis. They were exciting when they were new, but they've always had quality issues. Toyota produces more reliable cars. And more cars. There's no perspective from which Tesla's valuation makes sense.

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  • [+] 0 points 11 months ago (6 children)
  • [–] 3 points 11 months ago (3 children)

    That's just a "the stockmarket can't possibly be wrong" argument, but the stockmarket has often been wrong.

    Tesla is overvalued. That's blatantly obvious if you look at the data. There's no justification for Tesla's insane market cap other than hype or corruption.

    Did you not understand the Corolla/Lamborghini example?

    I do, but I wonder if you do. Toyota is far, far more valuable than Lamborghini. Toyota is the largest car manufacturer in the world, and with a market cap of $269B, the second most valuable after Tesla.

    Lamborghini is not independent, but owned by Volkswagen, as part of their Audi group, and all of those brands put together have a market cap of $58B.

    Your argument is not a justification for Tesla's high market value; quite the opposite.

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  • [+] -1 points 11 months ago (3 children)
  • [–] 1 point 11 months ago (2 children)

    By that argument nothing is ever overvalued because apparently that's what the stockmarket says it's worth. But crashes still happen.

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  • [+] -1 points 11 months ago (2 children)
  • [–] 1 point 11 months ago (1 child)

    That doesn't mean that value is reasonable, though. The stockmarket has a rich history of hysteria and irrationality.

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  • [–] 2 points 11 months ago (1 child)

    this is an extremely surface level understanding, the stock markets value tesla highly because of a history of government subsidies and protections as well as musks perceived closeness to the white house because of how much he paid into the presidency. This has been shown directly through stock analysis around certain events such as the results of the recent american presidency election which led to the stock of tesla drastically increasing overnight. and surging ever since, with notable drops during times when he feuded with trump more openly, losing a 150 bn dollar valuation over just a couple of days at the time of june 5th. And they only started to marginally improve after musk apologized.

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  • [+] 0 points 11 months ago (1 child)
  • [–] 1 point 11 months ago

    you compared a tesla to a Lamborghini... and were complaining that chinese evs selling well doesn't mean theyre better than teslas when objectively many of these cars have a bunch of reasons that they are reviewed better than teslas. You using the stock market to act like teslas are some gold standard has some pretty big importance as to why it matters to bring up Elon Musk and government subsidies, because tesla wouldn't have that valuation at all without those realities.

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