alt Hacker News> Elon is aware that Tesla insane market valuation would crash 10x if it stays a car company.
I see nothing wrong here, correction back to reality.
I understand why people adored him blindly in the early days, but liking him now after its clear what sort of person he is and always will be is same as liking trump. Many people still do it, but its hardly a defensible position unless on is already invested in his empire.
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I saw a pretty convincing argument that Musk fried his brain with ketamine, written by a former ketamine abuser who saw a lot of familiar behavior. I don't think Musk is the same guy now that he was in the early days.
They also reported tiny profits that are just slightly above what they get in as subsidies. P/E compared to other similar companies is also through the roof.
It’d be best for everyone outside of the company but he and the board would be buried in lawsuits for the rest of their lives. They have a strong personal interest in avoiding that even if it’s well-deserved based on sober data analysis, so they’re pushing the Hail Mary play trying to jump into a bigger new market which they haven’t already ceded to the competition.