this post was submitted on 30 Apr 2024
590 points (96.8% liked)
Technology
59676 readers
3145 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
It's business model is indistinguishable from other Silicon Valley based tech companies, riding hype cycles of disrupting XYZ industry with its incredible new tech thats definitely only a year or 2 away. It's a tech company.
Except that the manufacture shitty products. Manufacturing something makes them not operate like a tech company, which is why Elon is desperate for people to repeat that they're a tech company. You're doing his work for him.
Eh, tech companies also push out shitty stuff, and sometimes the shitty stuff is hardware.
The Box III Signature Edition.
Oh my god, the signature with the cock and balls in it 🤣
The difference is that "tech" companies can produce more of their software with minimal or no additional cost. This is why their values tend to be higher than traditional companies manufacturing things. Tesla can't do that. Their revenue is their shitty cars, without them there's nothing to run their shitty non-working software on.
Apple almost exclusively ships their software with their hardware. They’re still a tech company.
I see the point you’re making, and it isn’t a terrible one. But the thing is, Tesla isn’t valued like a car company. They’ve enjoyed a market cap at times greater than VAG and Toyota, the largest automakers, who ship orders of magnitude more cars than Tesla does. Tesla’s value has not been in its manufacturing capability but in its position in the market.
(That is likely to change going forward, as other automakers are catching up in the EV world and Musk has alienated Tesla’s core audience.)
The market being stupid doesn't change the fact that they are a manufacturing company. The fact that they can convince people to repeat this nonsense is how they keep the market stupid. Keeping the market stupid is how they continue pumping cash to stay afloat.