Bottom line: Tesla has no actual product to justify the stock's sky high price.<p>GM, Ford, Toyota etc. all have a price to earning ratio (P/E) of less than 10.<p>Tesla has a P/E of 120.<p>But, but, but --- Tesla is more than just an auto manufacturer. Again, there is little in the way of actual product to justify this viewpoint. 90 percent of their income is from autos.<p>But, but, but --- Tesla is a "growth stock" with huge future potential. Again, the actual data shows otherwise. Sales in 2024 actually <i>declined</i>.<p>The only reason Tesla has a P/E of 120 is because the so called "smart money" (aka institutional investors) remain bought into Musk's fantasy in a big way.<p>Musk's best skill is con artistry and Wall Street is one of his biggest marks.
The delay is more likely due to zero demand. Just reason 129th not to own a Tesla:<p>"Tesla speeds up odometers to avoid warranty repairs, US lawsuit claims" - <a href="https://news.ycombinator.com/item?id=43723865">https://news.ycombinator.com/item?id=43723865</a>
There will be no 'Volkswagen' tesla, the model Y is going the way of the GT-R, and Tesla's other ideas are vaporware. Lidar is a superior approach. Refusing to use it, while claiming superiority, reminds me of how a child copes with losing at their favorite video game.
>Musk has believed that Tesla is on the verge of solving self-driving technology for the last few years<p>It's nowhere even close to solving it, and it's also no longer even the best at trying.<p>Elon Musk is a pathological liar.
The Tesla hate here just seems a reflection of Elon hate. Let's separate the man from the company. Tesla Model Y is the best selling car in the world.