1. Why Musk made such a hard-right turn politically, alienating most of his customers. People on the left were always far more likely to buy an EV than those on the right.
2. Why traders continue to buy Tesla stock even as sales nose-dive. Because of the promise of Robotaxis? Tesla's P/E is so high that the Tesla Robotaxi would have to sell more rides than Uber, Lyft, and traditional taxi services combined in order to get anywhere NEAR justifying it.
What really saddens me is the side effects of Tesla beginning to fail. EVs are so synonymous with "Tesla" that I would sometimes see people criticize EVs in general when they mean to criticize just Tesla. And with Tesla sales falling, some people are interpreting that to mean "Nobody wants to buy an EV" rather than "Nobody wants to buy a Tesla" and other car makes are slowing down or cancelling EV developments.
I'm bummed that Chevy has effectively cancelled the Corvette EV.
>1. Why Musk made such a hard-right turn politically, alienating most of his customers. People on the left were always far more likely to buy an EV than those on the right.
Yeah, makes no sense. Also anecdotally, I bought their EV out of concern for the environment and the thought that oil should be consumed as little as possible for geopolitical reasons.
He claims that Musk is just attracted to power and trolling, and will do both cynically instead of from any kind of principles. He guesses that Musk was worried at the time of losing the support of some actual nazis in the actual US government and wanted to signal them publically.
I'm not sure if a cynical nazi supporter is better or worse than an actual nazi. Could be worse, because those are the people who could and should be making better choices.
Obviously the high stock price is not justified by any current fact but it's the result of years of his successful endeavours and momentum and the investors hope he will come with a new breakthrough idea, which is becoming more and more difficult and unlikely. No emperor in history stood still for a long time showing hubris.
Ego and lack of emotional intelligence is a hell of a thing. Global electrification continues without Tesla (~20% of global auto sales are EVs, ~50%+ in China, as of this comment), a casualty of hubris.
He’s always been this person, the wealth just amplified it. Sometimes the wrong people fall into power. Sometimes we trust the wrong people. Most of life is luck.
Take the ketamine, wealth, and sycophants away, he will still be this person. But without the power. Human condition is tricky.
Same reason people play musical chairs or gamble. In both cases they know there has to be a loser holding the bag, they're just hoping it won't be them.
>and other car makes are slowing down or cancelling EV developments.
The sales didn't materialize plus they were forced to do so by governments and short term investors that saw Tesla's stock shoot up. Now GM is writing off ~7 billion dollars. Whats worse is when Dems take back the white house, they will force the automakers to go back to green again. This back and forth is going to lead to disaster.
I’m not sure dems are willing to go out on a limb for EVs. Other environmental things sure, but EV has become kind of toxic over the last 5 years. Which is a shame.
They pushed it hard during the Biden years. Thats partly why GM went so hard into it. If they manage to really elect an AOC type candidate next time, they will definitely go back to it. Maybe if they get a Fetterman like candidate, they will back off but I dont think thats going to happen given everything that has transpired election wise over the last year or so.
>The sales didn't materialize plus they were forced to do so by governments and short term investors that saw Tesla's stock shoot up. Now GM is writing off ~7 billion dollars. Whats worse is when Dems take back the white house, they will force the automakers to go back to green again.
Ah yes, the terrible force of getting EV subsidies, which the Republicans have now cancelled causing the writeoff. How dare the Dems force the Republicans to do that?
The $7,500 credit is not really what I am talking about. Most of the 7 Billion in investment came during the Biden years due to pressure (from the administration as well as investors). So the industry complied, spent the money, built all these factories, terminated ICE programs and supply chains and now they are forced to write off a lot of this investment because the market is not there in the US.
What specifically was the nature of that pressure from the administration?
From the outside, it looks like classic Innovators’ Dilemma. Traditional automakers failing to adapt to a radically different drivetrain is practically guaranteed under Christensen’s hypothesis.
Much of that money is inefficient infrastructure that didn't have that much of an effect. The car makers didn't go hard with EV because of politics. They got into it because Tesla was making 25% margin on mass market EV and it looked like EV were taking over in massive way. Politics didn't hurt but the direction was pretty clear.
The problem is the traditional companies fell all over-themselves making grand promises without having any understanding, and putting in huge amounts of money while having not enough understanding of the market and supply chain dynamics.
Announcing like 4 gigantic battery factories when you have never built a battery and you barley understand the supply chain for most of the components isn't a great plan.
> 1. Why Musk made such a hard-right turn politically, alienating most of his customers. People on the left were always far more likely to buy an EV than those on the right.
Additionally, I think, social-darwinistic libertarianism is not exactly the best ideological foundation for a Mars colony :D
Re 1) I think it was basically reactionary escalation. He started falling out of favor with liberals in the late teens, took it personally, doubled down, and things ratcheted up from there.
1. Why Musk made such a hard-right turn politically, alienating most of his customers. People on the left were always far more likely to buy an EV than those on the right.
I believe a couple of things happened over the last few years that basically broke him. One factor may have been his daughter coming out as trans, and I have a feeling that another factor was a realization that his ambition to start a Mars colony wasn't going to be possible in his lifetime. Being forced to give up a major life goal hurts deeply no matter how much money or influence you have.
He started engaging in irrational, erratic behavior circa 2019-2020, such as getting into the pissing match with Unsworth, offering and then being being forced to overpay for Twitter, and pivoting towards full-blown Trumpism and neo-Nazi-adjacent politics. Before then he was just known as a hard-driving Bill Gates-style nerd CEO. By now, I don't think he cares about any role except that of cult leader.
2. Why traders continue to buy Tesla stock even as sales nose-dive.
See above. It's not a car company. It's a robot company^W^WAI company^W^Wenergy company^W^Wtaxi company^W^W personality cult.
I mean his first wife(mother of that trans daughter) wrote the following about him in 2010:
"Still, there were warning signs. As we danced at our wedding reception, Elon told me, "I am the alpha in this relationship." I shrugged it off, just as I would later shrug off signing the postnuptial agreement, but as time went on, I learned that he was serious. He had grown up in the male-dominated culture of South Africa, and the will to compete and dominate that made him so successful in business did not magically shut off when he came home. This, and the vast economic imbalance between us, meant that in the months following our wedding, a certain dynamic began to take hold. Elon's judgment overruled mine, and he was constantly remarking on the ways he found me lacking. "I am your wife," I told him repeatedly, "not your employee."
"If you were my employee," he said just as often, "I would fire you.""
I was at /r/RealTesla when it began as an offshoot of /r/Teslamotors. A well known frequent critic of Tesla got banned and him and a bunch of other frustrated skeptics went off on their own.
The people in the auto and space industry were screaming from the rooftops about him for years. The Elon loving crowd were software techies who had no understanding and respect of the history of the auto and space industries totally ignored them.
Now to be fair to Tesla, they managed to attract tons of amazing talent that screwed up in some ways but produced absolute brilliance in many other ways.
Will Lutz ultimately be proven right just due to chance?(ie. Elon dropping the ball after everything that has transpired) I don't know really. In the end both pro and anti Tesla sides were right and wrong on many things.
I'm glad you have some evidence of it being nothing remotely new. Reading these comments I was starting to feel like I was crazy for remembering that he had always been pretty nasty.
His customers aren't you or me buying cars anymore, it's fascists and foreign interests that are pumping his stock up past fundamentals. Oh and the deluded cultists that think handing him their life savings will literally bring world peace and end poverty.
Glide is precisely what made me hate 3dfx and was glad they died.
As a developer, I'm sure Glide was great.
But as a kid that really wanted a 3dfx Voodoo card for Christmas so I could play all the sweet 3D games that only supported Glide, I was upset when my dad got me a Rendition Verite 2200. But I didn't want to seem ungrateful, so my frustration was pointed to 3dfx for releasing a proprietary API.
I was glad that Direct3D and OpenGL quickly surpassed Glide's popularity.
But yeah, then 3dfx failed to innovate. IIRC, they lagged behind in 32-bit color rendering support as well as letting themselves get caught with their pants down when NVIDIA released the GeForce and introduced hardware transform which allowed the GPU to be more than just a texturing engine. I think that was the nail in 3dfx's coffin.
lol, agreed. Today, Glide feels like a predecessor to OpenGL. At the time it was awesome but as soon as DirectX came around along with OpenGL it was over. 1999 was the beginning of the NVidia train.
Thanks for the laugh about your disappointment with your dad. I had a similar thing happen with mine when I asked for Doom and him being a Mac guy, he came back with Bungie’s Marathon. I was upset until I played Marathon… I then realized how wise my father was.
> When speaking to Trump supporting friends who employ illegal immigrants they specifically defend that it is only the "bad ones."
They still feel this way because their news sources don't tell them about restaurants being raided and the entire kitchen being arrested or ICE raids on agriculture.
Problems aren't problems until it happens to them.
Yes- that's a big problem. The business owners are getting away with massive employment fraud, tax fraud, and any number of OSHA/employee law violations. They need to be arrested and brought to trial.
If you can't run a business without breaking the law (including illegal labor), then that business shouldn't exist.
I'm still getting 0 including cyclists, walkers, runners, skaters, etc. Find me a study showing its too bright and there's no glass between the source and eyeballs.
> either choke off the young trying to buy or crack the nest egg of the old
The simple fact is, housing can either be affordable xor an investment[0].
Affordable means the prices are flat relative to inflation, which makes it a terrible investment. If it's a good investment, that means the price is going up faster than inflation, which quickly makes it unaffordable.
[0] I want to be clear that I'm referring to housing as an investment to mean buying a house purely for profit purposes, ie, to flip or to rent out. Buying a house to live in, rather than renting the house you live in, can be considered an "investment", but I mean to explicitly exclude that usage of "investment" in this comment.
A house bought for the purpose of renting out is a house that could have gone to someone who wanted to buy it. It creates upward pressure on housing prices.
I mean, I get it. There are some people that truly do want to rent a house because they know the living situation is temporary.
But we have a generation that was able to buy houses during an economic boom where you could buy a house with an entry-level job, and once that house was paid off, they started buying up houses with their extra money to rent out, and it was so lucrative that prices have skyrocketed and now people in their 20s can't buy houses without a decently lucrative job.
Obviously, there are many factors at work here, but buying or building houses with the intent to rent them out is certainly a contributor.
I just think about the fact that I bought my house in 2015 for about $340K, and it's now worth about $600K, an 80% climb in just 10 years, and I think that's absurd, not to mention a bad thing for society overall.
If what this article describes really does come to pass, it may still help.
Often, mom-and-pop landlords are happy to be making more than the mortgage rather than MBAs trying to extract every possible marginal cent. It's less of a faceless spreadsheet relationship.
I guess time will tell if it's anything more than blowing smoke.
I've seen so many right-wingers self-own themselves when asking Grok to either debunk a left-supporting article or back up a right-supporting one. I've seen people refer to Grok as Elon's Little Nazi Bot, but aside from that one afternoon where it referred to itself as "Mecha-Hitler", that label is far from the truth. Grok tends to actually be pretty factual.
I'm not tired of social media as a concept, but I'm certainly tired of rage bait and engagement bait. But my tiredness of those pales in comparison to people's utter inability to recognize it and react accordingly by not responding to it.
How many times do I have to see the question about whether an airplane takes off if it's on a reverse treadmill? How many times do I have to see simple math questions that test your knowledge about order-of-operations? How many videos do I need to see of downright stupid recipes (I'm looking at you, Chef Club!)? How many deliberately misleading questions (ie, "Divide by half"), pointless questions ("Can you name a US state that doesn't contain the letter 'A'?"), and always with the claim of "Only a genius can figure this out!"
Not to mention how many people can't grasp even the most obvious satire. Some people still don't know the Onion is satire.
And ever time, the comments are filled with the dumbest takes.
I miss the days when people knew not to feed the trolls.
Surely things like the airplane on a treadmill were debated back on classic Usenet? I mean, think of the recurrent Monty Hall Problem debates! But the other examples you give do seem to be elaborately engineered (or evolved) sorts of clickbait.
I will never understand two things:
1. Why Musk made such a hard-right turn politically, alienating most of his customers. People on the left were always far more likely to buy an EV than those on the right.
2. Why traders continue to buy Tesla stock even as sales nose-dive. Because of the promise of Robotaxis? Tesla's P/E is so high that the Tesla Robotaxi would have to sell more rides than Uber, Lyft, and traditional taxi services combined in order to get anywhere NEAR justifying it.
What really saddens me is the side effects of Tesla beginning to fail. EVs are so synonymous with "Tesla" that I would sometimes see people criticize EVs in general when they mean to criticize just Tesla. And with Tesla sales falling, some people are interpreting that to mean "Nobody wants to buy an EV" rather than "Nobody wants to buy a Tesla" and other car makes are slowing down or cancelling EV developments.
I'm bummed that Chevy has effectively cancelled the Corvette EV.
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