That’s a fair point, but a combination of “fake it ‘til you make it” together with extracting massive “compensation” before you actually make it amounts to pretty much the same thing.
The best counter argument to that is that he did manage to predict/make into reality electric vehicles (when going into that industry was crazy) and reusable rockets. If someone makes a thousand moonshot attempts but still succeeds with two that's impressive.
Nobody with any knowledge at all is claiming that Elon Musk invented electric cars.
The simple truth is that he made electric cars viable competitors to gas-powered cars. His genius is not that he invented them, it's that he profitably manufactured decently reliable cars for a price that lots of people found attractive.
You can try and dismiss it as "marketing," but things like the Gigapress and FSD/Autopilot are impressive technical achievements in their own right. Even more impressive is that he built up a new car company that didn't fold and has had the best selling car in the US for significant chunks of time.
I don't like the guy, I think that FSD is dangerous, and I will never buy a Tesla for as long as he's in charge, but it's crazy that so many people feel the need to discredit his achievements. Sure, he benefited from selling carbon credits and EV subsidies, but if it were such an easy thing to do why did it take so long for anyone else to sell a good EV?
Gigapress has almost nothing to do with Tesla. It is just the name given by Tesla to a process they purchase from a third party vendor(Idra Group). Tesla was the first to use this product for large scale automotive production though.
Before he smoked that reefer, his space company was catching the largest booster ever made with metal chopsticks, all paid for by global satellite internet revenue.
His electric crossover/SUV was the best selling car in America.
Now that he’s gotten distracted by politics I dislike, he’s not doing any of that. Definitely no longer the world’s greatest builder.
> all paid for by global satellite internet revenue.
Huh? You think starlink is funding space-x? If they lost all government and private launch business tomorrow and had to rely on Stalink revenues to stay in business they wouldn’t last through next month.
> His electric crossover/SUV was the best selling car in America.
It was, and then he fried his brain and decided to support fascists across the globe and can’t understand why people no longer want to support him or his businesses.
He apparently watched handmaid’s tale and thought “man those Gilead guys are really onto something”.
Something is missing here. Once you get two moonshots done, you have free pass to claim anything any number of times with zero results? I cannot agree.
That’s underselling the Leaf quite a lot. The original 2011 model had 107 HP and 207 ft-lb of torque (later bumped to 147 and 236, respectively), which puts it handily above several gas models of gas cars that don’t get labeled as golf carts. It was a perfectly fine car, it just had a poor battery.
As a second car in a two-car family, we love our Leaf. It’s obviously unusable for road trips, but in a country with more registered cars than drivers, there are plenty of multi-car households where one could be a Leaf-class (cheap but still reliable) electric.
Yes, early Tesla cabins just oozed luxury, for twice or more what the Leaf cost. :eyeroll: Regardless, Nissan put out production EVs before Tesla did, accouterments aside.
Shush, fragile people are upset and still feel betrayed that cool spaceship daddy who smoked a joint on Joe Rogan is a bit of a jerk, and want to have a minute of hate in which they tell each other that no-one who is a bit of a jerk could have possibly done anything good /s
The Lancet[1] forecasted Musk's 'bit of a jerk' elimination of USAID[1] will cause a death toll that puts him around 10x that of Pol Pot.
> Projections suggest that ongoing deep funding cuts—combined with the potential dismantling of the agency—could result in more than 14 million additional deaths by 2030, including 4·5 million deaths among children younger than 5 years.
Reusable rockets are a rehash of old tech that was considered - at the time - not economically feasible; Given how subject to interpretation spacex commercial numbers are, there is nothing indicating a clear cost or efficiency advantage compared with traditional launch systems so far. What we clearly know is that using software development methodologies to building critical hardware is as a bad idea as it sounds.
I’ve got as much of a distaste for Musk as anybody else these days, but SpaceX’s methodology has if nothing else netted them velocity and turnaround times that no other company or governmental space agency has been able to hold a candle to thus far, and do it with a very low failure rate. They’re clearly doing something right.
There is no “subject to interpretation”. The costs they charge for launches are lower than any other provider by a significant margin. And fundraising docs have shown many times that the Falcon launches make money and Starlink was just starting to make money about 1.5 years ago.
> What we clearly know is that using software development methodologies to building critical hardware is as a bad idea as it sounds.
This methodology is what provides high speed, low latency internet to the South Pole and every other spot on earth allowed by regulatory.
If he himself believes he can achieve his off-the-cuff deadlines or not doesn't matter for the rest of us: he already proven himself to be a fabulist, and after so many failed predictions, should know better than to air them in public, especially as he must be acutely aware that making such claims inflates his and his companies' net worth, and hence has legal implications. Only he cares not about those, as none of his past misdeeds had any serious consequences to himself.
Somehow his company is worth ~1.6 trillion dollars, with most of that valuation being confidence in his predictions. He is predicting humanoid useful robots soon. Tesla's valuation defies reason
Tesla stock goes up because it frequently goes up. It's a top-tier "buy the dip stock". Analysts know it, traders know it, the stock is a consistent winner. A total house of cards, but it hasn't fallen yet.
How about the possibility that the cost of lying is less than the capital gains that can be realized by lying about it? EM was only fined $20 million when he said he had secured funding to take the company private at $420/share [0]. The stock bounce from that "news" was in the billions.
As it stands, he can get a trillion dollar pay package if a something-trillion market cap target is hit.
It's really amazing. Anyone still remembers Dojo ? 2 years ago or so they stated that they start to mass produce Dojo and it was supposed to be a top 5 supercomputer in the world by the end of 2024...
Yeah, that was already almost 1 year after they were supposedly planning to have the top 5 compute ...
The reality is they announced that as a pipe dream. Just like the FSD, Robotaxi, Optimus and 10 other projects that will never work - or more precisely, they will work but >10 years from now, and it won't be from Tesla but from a competitor.
The model Y is a genuinely good car... I can't think of an automaker with better software.
I've recently been shopping for another electric SUV and to be told that to get charging stops on your long trip 'through an app on your phone' instead of built into the navigation is.... Wild
Edit: it needs to be said that I consider a car a solution to the A to B problem, and nothing more :)
This was one of the premium German automakers by the way. On a ~$50k car....
>The model Y is a genuinely good car... I can't think of an automaker with better software.
great. I love that comment because software is the one element of a vehicle that we know it (vehicles) can do without from prior art.
personally I would prefer a vehicle that emphasizes safety, aesthetics, performance, handling, utility, comfort, or reliability.
another opinion : the cars with the best software are the ones where the user can't easily tell that the thing isn't analog.
I don't care if the infotainment system is laggy or temperamental about pairing with certain phones; what I care about is accurate system self diagnosis, reliable cold weather starting, consistent performance regardless of altitude or temperature, and sane thresholds that don't throw DTCs erroneously.
Those are the software elements in a car that matter to the car being a car rather than a glorified boombox on wheels; and Tesla doesn't score highly in any of those metrics over the length of their brand.
What car exceeds a Tesla in all these categories that I can get used for the same price as a used Tesla?
I'm asking this as a challenge; in a Tesla the biggest complaint I have actually is the half-baked music software. You can't set it to start playing USB music when you get in, and there's no button to resume it either. You have to use the voice command "switch to USB" to get it playing where it left off.
The car's performance, convenience, mechanical reliability, service center experience, documentation, all fantastic. I don't have stock in Tesla, I just really don't understand the criticisms. Are other cars really better? Should I take some test drives?
Pretty much every electric car has charging stops built-in to the navigation. For some the quality of the data isn’t as high, but it will be there.
Many like Polestars and Renaults are built on Android Automotive (different from Android Auto) and the built-in navigation is full Google Maps with direct access to the cars battery state and control systems.
> Pretty much every electric car has charging stops built-in to the navigation
That's my expectation too.
> For some the quality of the data isn’t as high, but it will be there.
This is a real issue. You might be stranded with low quality suggestions. Chargers that don't work. The large number of accounts you need to have as every charger has their own etcetera
In my non-Telsa, I get decent suggestions with live data built in to the car. I also get suggestions through multiple different apps of my choice through Android Auto.
In a Tesla, you get what Tesla gives you.
I haven't bothered with any accounts in years for third-party chargers. Most just plug in and negotiate payment automatically. Others have credit card readers on them. I haven't personally encountered out of service chargers on my road trips in a few years.
I can charge at most of the major Tesla charging locations as well these days. Ironically, those require I hop on a proprietary app with another account to manage, so I often avoid them.
Tesla, Rivian and a few others are tech companies that make cars. They have great software and integration between components. Traditional automakers are assemblers of modules made by dozens of suppliers. That's why Teslas navigation accounts for traffic, weather, elevation changes, charger speed & availability to plan routes. For legacy car manufactures battery preconditioning is about the most sophisticated route planning feature they'll have.
If they're not available, then I can't consider them an option?
I've obviously not tested every car out there. But for years Tesla has been the only car that came close to the convenience of a gas powered car. Their charging infrastructure really allowed it to be a normal car when you live in populated areas.
> If they're not available, then I can't consider them an option?
Who knows where you live and what options you have? Who knows what you considered? Maybe that's why the question was asked?
> I've obviously not tested every car out there. But for years Tesla has been the only car that came close to the convenience of a gas powered car. Their charging infrastructure really allowed it to be a normal car when you live in populated areas.
Charging infra have nothing to do with their cars besides maybe the US. They are barely leading in anything anymore, especially in countries with heavy EV competition, like China. When I was in China this year, I saw Teslas everywhere, but most of them were a few years old. Most of the new cars were Chinese EV brands, and they seemed better on most metrics in the same segment, which included quality. They're losing market share in the EU and worldwide.
Yes looks pretty capable but they don’t go into software itself much. Looking at video you can see it’s pretty laggy at times.
Friends atto3 is somewhat capable but software quality just isn’t it. Other just got brand new sealion 7, hope I can test it soon, but some capability isn’t there either.
It's incredible there is something wrong with a group of people completely unable to see when someone is lying to them. And no matter how many times they are lied to, as long as they are rich enough they believe them.
I don't know what to think anymore about this. He has continuously conned his way along and does it just long enough to jump to the next con.
Tesla is crashing and somehow people though giving him a huge pay package made sense. Cyber truck is flopping but now he's again living off government graft by having another company buy up the dead weight supply. Tesla is only around because of govt subsidy and now that that's dead he's turned to another govt spigot. While supposedly being opposed politically to what he's doing.
And time and time again people still make up excuses because they can't believe they were conned.
Probably the biggest sign AI is going to flop is him starting talking about it being right around the corner.
Little technical skills, no forecasting ability, we saw how much his "efficiency management" philosophy flopped when done in public via DOGE (vs behind the scenes in a private company) and yet people keep falling for it. As long as he can keep spitting out BS, people keep falling for it.
On the other side of the coin, they really don't have a choice; either they attempt to provide leverage (and using non-realistic goals is excellent to avoid actually having to pay it), or any major misshap with any of the other businesses that may have as collateral tesla stock (either directly or indirectly) would basically bankrupt the company. And the scenario where Elon would attempt to do a sort of firesale on purpose just to take revenge isnt far-fetched either;
IMO The only way forward for them is to keep him happy for now, while attempting to either do damage control or graceful exits.
I always thought the story ended with the emperor and his entourage being embarassed after the child said he's naked... but no, it ends even more close to real human behavior. (Sorry for writing a clickbait sentence).
"The market can remain irrational longer than you can stay solvent" applies here.
Luckily I don't bet, I would have taken a huge short position and lost a bunch of money on Tesla years ago because they were already over valued by any plausible revenue projection, and yet the stock went up and up.
But worth remembering, the South Sea Company was worth the equivalent of a few trillion dollars too.
I think you think about it in the wrong way. The obvious con is what hypes the fan base. They think they are in on it and that they will fool the "NPCs" or what ever they call normal people.
The problem with the stock market is, even if you know with 100% certainty that EM is lying and Tesla is overvalued, you only can cash in that knowledge if the stock price makes contact with reality.
In fact even if every single shareholder in Tesla knows that the price is unsustainable they can still hold out for a greater fool for years. To a large extent you are betting on what the crowd will do, not what the company will do.
For this to work every single shareholder has to be in on the game. I wonder if the only reason it has gone on this long is because TSLA has so many required institutional investors stabilizing the market.
Any serious shareholder with a significant investment in it is surely aware that it's an overvalued meme stock that will continue to print money as long as the reality distortion field is maintained.
They'd be utter idiots if they weren't. (And if they are utter idiots, you shouldn't expect them to behave rationally.)
Beyond a certain point it becomes self-reinforcing. You will distort everything else about your world view to support that lie. You will surround yourself with other people who believe it and live in a completely internally consistent reality, surrounded by a vast conspiracy trying to bring you down.
The really killer part is, I can't even be 100% certain that it's not me. I'm quite sure, and justify it solidly, but then, I would.
Maybe the smart people are the ones who can intuitively feel the stupidity of the masses and take advantage of that, whereas the dumb are the ones who are too cautious about houses of cards and unstable Ponzi schemes...
He engineers perceptions, finance, and govt funds, not technology. Every report and available evidence shows he is barely technologically astute, nevermind genius; the accomplishments of his teams are despite him not because of him.
Which is why a better description would be: The Greediest Man On Earth.
> Every report and available evidence shows he is barely technologically astute, nevermind genius; the accomplishments of his teams are despite him not because of him.
In particular, nothing that comes out of his mouth regarding AI makes any sense.
And still, people listen to him as if he was an expert. Go figure.
His latest bullshit was about Tesla cameras and fog/rain/snow - on an investor call, no less - "Oh, we do photon counting directly from the sensor, so it's a non-issue".
No. 1, Tesla cameras are not capable of that - you need a special sensor, that's not useful for any real visual representation. And 2, even if you did, photon counting requires a closed "box" so to speak - you can't count photons in "open air".
I just don’t get it? Do people hang off his every word just because he’s rich? What are they expecting for this worship… it’s not like he’s going to start throwing $100 bills to people because they agree with him on Twitter
Seen from the other side of the Atlantic, I've regularly felt that the US is rather prone to hero worship, see e.g. the passion dedicated to presidential candidates, former presidents, billionaires, but also how the main characters of pretty much all American biopics I recall can't ever be wrong.
If my observation is correct, I guess what we're witnessing with Musk could be a case of hero worship – and in any narrative in which Musk is a hero, he's of course right.
> Both SpaceX and Tesla are accomplishments if you consider where their competitors are.
CATL, BYD, and other Chinese manufacturers are absolutely killing it at Tesla's expense, Because their markets have actual, sharp-elbowed competition requiring actual innovation.
It takes a lot more effort to be first. When they were making the roadster, who else was interesting in BEV?
For SpaceX, who is landing rockets for reuse?
With all due respect, China at this point does seem to only get in when the early adoption is done. Then they just throw state money at the problem to catch up. They might be innovating now but they left the hard work to someone else
And of those things we've been told, a high percentage of them have had to do with battery technology. Science is full of discoveries, science at scale doesn't always work out like we've hoped.
Everything I remember about the Jobs RDF was entirely about things like MacWorld Expo presentations. Selling lesser-performing products for more by claiming they did more with things like Photoshop bakeoffs, or with (claimed) style over substance. (I was a big long-term Mac user so I felt like Mac OS was enough of an advantage over Windows for a long time that it wasn't just style over substance.)
Musk just took it way further. When Jobs missed with the RDF it was on stuff like the G4 Cube being "cool" enough to make up for its issues. He wasn't promising miracles.
The one that intrigued me more was circa the 2017 era when Tesla was supposedly an energy company. That might have justified their valuation at the time, but it turned out to be dishonest spin.
Yet again, there are no adults and the shallow fabric of society fails to conceal the greed boner under the sheets.
Being in Australia, we have the benefit of getting US, EU, CN, and other vehicle brands, as well as solar and battery suppliers.
Tesla sells a lot of home batteries, but there are numerous other brands.
Tesla's cars are old now, the difference is the Hyundai, Kia, Geely, ZeekR, BYD, Polestar, Mini, Lexus, Porsche, BMW, Mercedes and other brands are cars that happen to be powered by batteries, not some magic carpet of future ideas.
Doing a quick bit of searching based on the 4680 makes me think that there has been or will be a change from NMC811 to LFP chemistry in the 4680, including one article talking about changing to US and European-based in-house manufacturing and reducing dependence on China.
I'm no fan of Tesla, but this looks like the collapse of the contract with the supplier for the battery chemistry they've moved away from, aka "no [more] big deal."
Which cell technology to use depends on the application. Tesla actually uses BYD blade batteries in some of their vehicles sold in Europe. The main issue with prismatic cells is that to be safe, they must be made with LFP chemistry, which hurts energy density. LFP is also worse at charging/discharging when cold, though battery management software mostly solves that.
Cylindrical cells make sense for higher performance NMC and NCA chemistries, as they can be cooled more easily (coolant lines can run in the voids between cylindrical cells), and any single cell failure is less likely to cascade to other cells. Batteries with cylindrical cells were easier to repair, but nowadays cells are welded together instead of bolted, so that's no longer an advantage.
> The main issue with prismatic cells is that to be safe, they must be made with LFP chemistry, which hurts energy density
This is obviously untrue. Tons of other chemistries have used prismatic cells with good safety as well. You think Macbooks and iPhones use LFP or cylinder cells?
> Batteries with cylindrical cells were easier to repair,
It can be just as easy to repair a prismatic battery as a cylinder battery. It all comes down to the layout of the battery. And as you mentioned, how the battery is constructed, if the battery is structural, etc.
Since this is a discussion about electric vehicles, I thought it could go without saying that I was talking about batteries in such vehicles, not batteries in consumer electronics that are 1,000 times smaller.
To use an analogy: If someone stores a gallon of gasoline in a single-walled plastic container, that's probably OK. But storing 1,000 gallons of gasoline without certain safety measures is unsafe. So it goes with battery capacities.
But it still is untrue even in the discussion of electric vehicles. Tons of EVs have been made safely with chemistries other than LFP with prismatic cells. In fact most non-LFP EV batteries are pouch or prismatic, not cylinder.
Yep. Prismatic cells have poorer packaging-to-material ratio (circles are optimal). They offer better thermal properties, but thermals are not the main limiting factor anymore.
And the US automakers tried prismatic cells before. Chevy Volt used them in 2012!
Chevy sells EVs with prismatic and pouch cells. I don't recall any they've widely sold that used cylinder cells. Most automakers use prismatic cells on their cars, even non-LFP variants.
A headline that actually undersells the article. The 2,900,000,000 $ deal to 7,400 $ is not just a 99% reduction, it is actually over a 99.999% reduction. I guess that is one way to get the "march of nines" they keep promising.
Tesla is actually starting to make cathodes in house via a dry process, which is why they are no longer buying cathode material from this supplier. Typical sloppy reporting from Electrek.
> Tesla is actually starting to make cathodes in house via a dry process, which is why they are no longer buying cathode material from this supplier.
The latter part of this is speculative. Tesla may have begun shipping dry cathodes but it isn't clear that they're capable of matching the former third-party volume. Tesla would absolutely need the additional 4680 volume if Cybertruck sales were meeting their original projections (as opposed to now when they are ~an order of magnitude lower).
The poster to which I responded and the article are each speculating on the "why" for this contract. That said, we do not need to speculate about Cybertruck sales - Business Insider reported that Tesla sold only 5,400 of them in 2025Q3.
We know from this that they do not need the same level of third-party 4680 capacity, and (call it speculative if you so desire) this is the most parsimonious explanation for the L&F write down.
I agree about those facts that the companies themselves posted. But for journalism to occur my hope would be the author needs to find out what that means for Tesla instead of speculating. Perhaps if it was posted as an opinion piece.
Reuters earlier this year - "The development of the 4680 battery has been facing troubles, with the company losing 70% to 80% of the cathodes in test production compared with conventional battery makers, which lose fewer than 2% of their components to manufacturing defects, the report said."
The company L&F referenced in this article were supplying said cathode material.
Tesla stock dipped a little today it seems but it's still up 8 percent over the month. I really don't understand those investors and how they price a struggling company so highly.
> I really don't understand those investors and how they price a struggling company so highly.
Struggling, not so much: '24/'25 revenue of just under $100B, with Q3'25 record profitability and deliveries yielding $1.5B net income. Strong liquidity and a current ratio of about 2, boosting short-term financial stability. Solid cash reserves and relatively low debt ratio.
High stock price: far exceeds that of traditional auto makers even though Tesla's revenue is significantly lower. High valuation reflects investor expectations of growth and future tech upside. Exuberant? Probably. OTOH, Tesla has delivered better ROI for investors than the other automakers.
Tesla is probably the only EV maker with declining sales for the last two years. Quite a feat in a booming market, and remarkable considering that the stock already has a few orders of magnitude of growth priced in.
I really, really doubt FSD is the limiter of European sales. It's pricing and competition. The US car market is laughably uncompetitive, with most manufacturers opting to make luxury landboats. It's easy to compete when all your competitors refuse to introduce an EV under, like, 50 grand.
EVs are in the Cambrian Explosion state in China right now. There are dozens of companies fiercely competing on price and features.
The two most popular EVs in China are the Wuling Mini and the Geely Xingyuan. The first one costs $4500 for the base model, and the second one is $9800. And you can get a very decent EV for $15k with plenty of options.
In 2-3 years, these $5k and $10k cars will only get better, and they'll just slaughter all the competition in markets outside the US and Europe. Especially once used cars start appearing at a fraction of the cost.
Traditional auto manufacturers are dead. Full stop. They just haven't realized it yet. Tesla had a chance to compete in this market with Model 2 but Musk decided to blow their lead on a completely stillborn and gimmick-filled robotaxi.
> Traditional auto manufacturers are dead. Full stop. They just haven't realized it yet. Tesla had a chance to compete in this market with Model 2 but Musk decided to blow their lead on a completely stillborn and gimmick-filled robotaxi.
Not sure whether you know, but Geely entered the automotive business in 1997 (founded in 1986).
The company has subsidiaries / joint ventures with automakers like Volvo, Polestar, Proton, Smart, Lotus, Renault, etc.
Lin Shufu, Geely’s founder and chairman bought just shy of 10% of Mercedes Benz in 2018, making him the second biggest individual shareholder in the German carmaker. The #1 spot is occupied by The Beijing Automotive Industry Holding Co. (BAIC), via its state-owned parent.
Ah, but you missed the pivot, Tesla is no longer an EV maker, it's now a robotics company.
This fully explains the market valuation, of course! Never mind a swarm of retail investors driven by a news media that covered Musk as if he were Tony Stark for years, this market cap is fully based on solid fundamental analysis of expected future revenue.
The declining sales is a concern. Was curious though so I looked it up and Tesla is currently selling more than Volkswagen, Ford, Rivian, Mercedes, and Toyota combined. Interesting.
The big dog is BYD though. Twice as many as 2nd place Tesla.
> Was curious though so I looked it up and Tesla is currently selling more than Volkswagen, Ford, Rivian, Mercedes, and Toyota combined. Interesting.
Indeed. Global 2024 data shows Tesla selling about 1.8M.
EV's only by that group of automakers comes to around 1.5M. Toyota and Ford are hybrid-first, not EV. VW is the only legacy automaker that comes near Tesla's EV scale. Mercedes prioritizes margin over volume. Rivian is capacity-limited.
there was a rush to buy electric cars in the US for as long as the $7500 incentive was in place, so the Q3 2025 number if inflated; it's a pull forward effect.
Sales have been flat for 3 years and the delivery numbers in Europe are catastrophic
on a fully diluted basis, the market cap is above $1.6tn, so at a PE of 20, they'd have to generate something like $80bn in profit per year - hard to do in an industry that is as brutally competitive and low margin as passenger cars.
It’s also Americans realized how inconvenient electric cars are. I take a fair amount of road trips. I don’t have the time to wait 30 minutes minimum to charge. And if there’s a line it’s even worse. And in the winter the heater reduces the distance a ton. It just isn’t practical
there are around 140 EV companies in china competing very aggressively, they have excess capacity and are flooding the world market with cheap EVs, tough for Tesla to have a healthy margin in that environment
It's a myth that China heavily subsidises its EV industry. See e.g. this Bloomberg article titled "China Can't Cut EV Subsidies It Isn't Paying": https://archive.ph/5olix
> It's a myth that China heavily subsidises its EV industry.
We must live in parallel universes.
From 2009 to 2022, China offered national purchase subsidies for EV buyers. Peak subsidies: ¥40,000–60,000 per vehicle (~$6k–9k). Combined with local subsidies, some buyers paid 30–40% less than market cost. These subsidies were phased down and formally ended in 2022, but the industry had already reached massive scale.
This policy alone created the world’s largest EV market.
Even after direct subsidies ended, China continues to provide: EV purchase tax exemptions (10% tax waived), extended through 2027.
China provides EV manufacturers with: Cheap or free land, Low-interest or state-directed loans, Preferential electricity pricing, Grants for factories, R&D, and tooling, State-backed battery supply chains.
China strategically subsidized battery production: CATL, BYD, and others received R&D grants, Guaranteed demand, Export financing.
China now controls ~75% of global lithium refining and ~80% of battery cell manufacturing.
This dramatically lowers EV costs versus foreign competitors.
No value judgement about subsidizing, but to say it is a myth that China has and continues to subsidize their EV industry is false.
From the article that you added in addition to the statements below, I don't think BYD is succeeding only by subsidies. I'm solely stating that they're heavily subsidized. China has a strategy where most western nations don't appear to have one.
----
It might be tempting when one has been asleep at the wheel to chalk up the rise of Chinese carmakers led by BYD to unfair subsidies, especially since leaders in Washington and Brussels have done so. No doubt, China is far from a free, fair and open market. The scale and pervasiveness of corporate subsidies at the federal and local level far exceed what other market-based economies offer.
> China has a strategy where most western nations don't appear to have one.
EVs were subsidised in the west, e.g. in California (#4 "country" by GDP), Norway, and US tax incentives - which have gone away after the Trump anti-renewables Bill of 2025. MRSPs for EVs were slashed after September 2025 due to the loss of this subsidy, and 2 months later Ford cancelled it's electric F-150 program.
Lately I've realized that "Chinese subsidies" are psychologically useful for people outside China to believe in, as cope to handwave away their own failing industries. Solar panels aren't really subsidized in China either.
China has a plan. It subsidizes technology that it sees as important. There's nothing wrong with that per se.
It'd like me saying that Barry Bonds only won the home run records because he used steroids. It wasn't entirely the steroids but I'm sure they certainly didn't hurt.
Solar panels were explicitly targeted as a central planning directive and so manufacturers received many direct and indirect subsidies lol, these are well known facts. We should be subsidizing solar energy in the west too, as we've subsidized the oil and gas industries. To say China haven't subsidized solar is just not being real.
Currently Chinese are competitive because because developers work on burnout level intensity and workers have no life but factory around the clock.
Of course, the salaries and working conditions are going up in China while west is eroding worker rights as fast as we can. One the factories will come back here simply because we'll end up cheaper. Don't buy solar made by Xinjiang forced labor, by solar panels made by illegal immigrant prison labor!
They lost the massive US subsidy making EV’s appealing and are getting outcomes in China. Model E and Cybertruck have anemic and shrinking sales numbers etc.
Look at the free cash flow, and the situation looks maybe even worse. They're basically not worth much, if anything, from a free cash flow perspective.
> It has delivered a better ROI in the same way a ponzi scheme can deliver higher ROI.
It sounds like you're arguing that high valuation compared to fundamentals means buyers expect gains from future buyers paying more sounds like a Ponzi, but it isn't, it is speculation.
The comparison doesn't make sense. Some surface features of speculative markets can look Ponzi-like, but the underlying mechanics are very different.
A Ponzi-scheme returns to earlier participants directly from money contributed by later participants, with no real underlying business generating value. In a Ponzi-scheme, there is no real product (or it is irrelevant), the operator controls payouts, and investors are promised steady or guaranteed returns. None of that applies to Tesla stock.
Ponzi-schemes hide losses, smooth returns, collapse suddenly. Tesla stock is volatile, has had large drawdowns, and public reflects bad news, margin compression, demand shifts. Volatility is a sign of a market, not a Ponzi.
Mechanics is exactly the same - it's not Tesla revenues driving returns for investors, it's new investors putting their money into the stock at very high price.
If you believe Tesla is a Ponzi scheme then you also believe that the SEC is either knowingly keeping a Ponzi scheme going (and it is getting included in indexes) OR the SEC doesn’t know OR you are wrong.
The cars are higher quality and, more importantly, cheaper. US manufacturers can't make a cheap car to save their lives. The average age of cars on US roads is now 13 years, nobody can afford new cars.
There's a huge market opportunity here that all our manufacturers are missing, seemingly on purpose. BYD, and others, would absolutely sweep the competition.
> US manufacturers can't make a cheap car to save their lives.
They have a fiduciary duty to their shareholders to never make low-margin (read "cheap") cars. If someone is looking for a competitive automotive market, they won't find it in the US. The financial engineering is world-class though.
The only logic anyone really needs is the US's refusal to approve BYD cars for sale in the US because they would destroy US auto manufacturers. Past that the much cheaper price for the same or higher quality level of vehicle.
What does a 2025 US car have over a BYD vehicle? Questionable parts availability?
> In a Ponzi-scheme, there is no real product (or it is irrelevant)
This part is the smell.
"It's not a car company, it's a AI/Robot/whatever company." The valuation is supposedly justified by a future product that perpetually fails to materialize.
It's obviously not a classical Ponzi scheme in the mechanical sense where payouts are controlled by a central party. It has major Ponzi vibes though, with new money continuing to reward old money even though the fundamentals and products haven't done anything to justify that continued influx - only the hype has.
Yeah, the target keeps moving. Earlier it was “it’s not a car company, it’s a battery company”. Then it was all about FSD and robotaxis. Now that that is not working out, it’s going to be a robot company.
The actual underlying product, the cars, don’t match the crazy valuation.
My take is there are not really any reasonable Tesla investors left. Due to a steady supply of Real Believers, anyone with a short bet got burnt time after time.
So these people are no longer shorting. Sane long-only people, likewise have been out for a long time. You're left with a clique of people who won't sell regardless, and when Elon promises to make ice cream with robotaxies, they'll buy a bit more stock.
When only irrational people trade something, the price and market for it are irrational too.
I'm fairly certain every auto manufacturer and many non-auto manufacturers are working on it. I doubt they'll be able to patent anything truly important to the process, since others beat them to the market with most of it. Or am I missing something essential?
Remember how everyone kept saying tesla is doomed because any minute now the old OEMs were going to storm in and kill their EV business? In actuality, those OEMs are getting killed by Tesla and Chinese startups. You are making the same argument for autonomy. Old OEMS cannot compete in this space at all. Waymo cannot compete on price with Tesla.
It's a race between how fast Waymo's COGS can decline and how fast Tesla's FSD can achieve actual self-driving. At this moment, given all the evidence available, my inclination is that Waymo is in a better spot.
I don’t think your inclination is unreasonable. Having taken probably like a hundred rides with about an even Tesla/Waymo split in SF, Teslas feel smoother and less robotic, but of course if they felt safety was where it needs to be, they’d be driverless by now.
It’s a bit of a bet. It feels like Tesla is real close, and if they get there, Waymo has no way to compete with Tesla’s manufacturing prowess and vertical integration.
Sure, they're a bit ahead but Mercedes has level 3 self driving and they didnt celebrate killing a bunch of people (and not lowering the deficit) by prancing around with a chainsaw.[0]
I feel like people will be willing to wait until next year for the Alphabet or Mercedes version, but maybe I'm overestimating the average person's attention span or underestimating how far behind the competition is.
When I looked for videos of the Mercedes L3 in action a while ago all I could find were videos showing it doing stuff the Tesla FSD could do easily 5 years ago. Has it improved a lot recently?
Stock valuations are not a democracy of public opinion, they are the product of investors putting their money into the stock.
Musk is a shit human, but to an investor, everything he touches turns to gold. Whether his companies make anything useful doesn't matter, what matters is that the stock price in his companies goes up, so people give him more money. This works until it doesn't.
Can't win against irrational exuberance and fraud that isn't prosecuted in the capital markets ("voting machine vs weighing machine"). Just have to wait for failure of the enterprise, equity wipeout, and recapitalization under better human management (if you're optimizing for a company that actually manufacturers and sells a product vs a shell to pump a stock and enrich the board members who enable him with a lack of corporate governance). The factories and Supercharger network will remain intact under a reorganization.
Musk can move money around SpaceX/Tesla/XAI/whatever the next story to investors is to prop up valuations and share prices, but can he win against China's clean tech export machine? Long term, I think not (China is a third of global manufacturing capacity as of this comment, and the world is their TAM). So he'll do the tech bro thing, giving talks, going to demo days, spending his wealth on pet projects, etc, while innovators innovate and point the firehose of these products at the world. Are you going to talk people out of his religion? Unlikely. The faithful will remain so, because that's how the human brain sometimes operates.
Ember Energy: China Cleantech Exports Data Explorer - https://ember-energy.org/data/china-cleantech-exports-data-e... (updated monthly) ("In 2024, China produced around 80% of the world’s solar PV modules and battery cells, and 70% of electric vehicles.")
(as of this comment, ~50% of light vehicle sales in China are NEVs [battery electric of plug in hybrid] while exporting ~6M units/year, more than total annual US light vehicle sales)
If you want to understand how Tesla bulls pump the stock, check out any of the numerous videos of Dan Ives you will find on YouTube. He is regularly invited on CNBC and other financial new media as well as on financial blogs/vlogs. Here is one recent video: https://www.youtube.com/watch?v=ecLsZ4bkW6Q
I think somehow the goofiness and untrustworthiness of the pumpers is a way to select their audience, just like how spammers intentionally misspell to not waste their time on people with discernment
Think of Tesla as a well-funded pharmaceutical company that has invented a cure for a widespread ailment (call it “driving”) and now is waiting on regulatory approval.
Because you're getting a biased storyline both here and over there. The 4680 supply chain isn't a requirement for anything to succeed at Tesla. The product still sells, just with lower profit per unit. At best, it marks the removal of the current Cybertruck battery pack chemistry. Everything else about the future of Tesla is (as always) clickbait speculation.
TSLA exposure is a call option on Musk succeeding (with success criteria being "TSLA price go up") regardless of reality. SpaceX is buying up Cybertrucks; is it illegal? Will anyone do anything about it? That sort of success (quasi fraud). The product is the stock and the hope there is a greater fool who will buy it eventually.
Study: The Musk Partisan Effect on Tesla Sales - https://news.ycombinator.com/item?id=45825382 - November 2025 (2 comments) ("Without the Musk partisan effect, Tesla sales between October 2022 and April 2025 would have been 67-83% higher, equivalent to 1-1.26 million more vehicles. Musk’s partisan activities also increased the sales of other automakers' electric and hybrid vehicles 17-22% because of substitution, and undermined California’s progress in meeting its zero-emissions vehicle target.")
The "new economy" is full of self-dealing. That's the result of loose (or non-existing) regulations on monopolies. It all starts with Wall Street controlling stocks on thousands of large companies that are ultimately owned by small groups of the same shareholders. Now it's evolving to large sectors owned by fewer and fewer people.
That is certainly a contributing factor, which Matt Stoller has documented robustly in his newsletter "Big" [1] [2], as well as the More Perfect Union org [3] [4].
I don’t think self-dealing is new. Although it was eye-opening, when I learned that BlackRock, Vanguard, and Fidelity all own 5-10% of every company and competition between the companies they hold is not meaningful. Everyone just has to have nice steady predictable returns and nobody is allowed to innovate too far ahead of anyone else for fear of devaluing the real bosses’ other assets.
I don’t even know what to call the kind of system we have.
As I said, BlackRock and their friends were just the beginning. NVdia is trying to own a huge chunk of the AI space using their profits. Other tech companies are using a similar playbook. And of course they're all owned by Wall Street. The competition is highly controlled so the winners are all part of the same club.
All BEV sales, not just Tesla, are tanking, at least in the USA. Ford and and others have retreated on their plans as well. Tesla may be worse off because of Musk's extracurricular antics but BEVs are not selling well.
In the US, which is due to policy, which is temporary. The rest of the world remains very hungry for affordable electric vehicles [1], which only China seems interested in producing at scale. Once that manufacturing capacity and distribution systems are spun up (BYD has its own car carrier for exports, the BYD Shenzhen, for example [2]), it will remain in production. "Can Tesla survive until regime change?" is an important question for those with economic exposure to it. Ironically, its peril is entirely self inflicted.
> BYD announced in 2022 its plans to launch a fleet of car carriers to build what it calls a “maritime bridge” to support its global sales growth and supply chain. The company said it would invest about $687 million to develop a fleet of eight car carriers. The first of the vessels, BYD Explorer No. 1 was delivered in January 2024 followed by BYD Changzhou in December 2024, and BYD Hefei, which was the company’s first owned PCTC. Each of the first three vessels has a capacity of 7,000 units. [My note: current BYD vertical integration marine fleet capacity is ~30k units when including the Shenzhen vessel mentioned above, but does not include capacity through third party charters]
have because despite the story that most people try to tell about the market and the economy... in the late- and post-ZIRP era, it's been mostly based on Hype, Feelings, and Vibes.
It's why the entire S&P 500 teeters on the back of 7 companies without any presently viable paths to profitability that would justify the current valuations.
It's why repeatedly lying for a decade+ made Elon so rich even though the business output and fundamentals never really matched the valuation.
Still doesn't - this valuation is mostly vestigial beliefs that AI would eliminate an entire workforce ("history often rhymes") of drivers and replace car ownership with subscription.
The majority of the performance in the market has little to do with actual material value being produced and everything to do with how much rent finance bros think they can extract from the stock.
“If you want to learn something on this show tonight, buy Tesla,” Lutnick told Fox News host Jesse Watters.
In this economy we have a billionaire clan selling hot air and backing each other up. The main "achievements" of this administration are in pumping Bitcoin, "AI", cannabis sales and and online gambling.
The promise of self driving is what's driving Tesla stock.
Two things can happen:
The dream is a bust, and Tesla is worthless.
Or the dream pans out, and almost all other car companies are worth a lot less.
Unless you absolutely want to believe that either self driving is impossible, or Tesla is uniquely unable to achieve it, the valuation is not entirely unwarranted.
Put shortly, Tesla is not a car company, it's a bet on self-driving cars.
Tesla is not the only company to achieve self-driving, and all companies that achieve it share the market with them.
(Or the fourth option, it will take decades for self-driving to take even a significant market of "driving" as humans continue to want to own and drive cars rather than short-term rentals.)
A more likely outcome is that all major auto manufacturers offer self driving.
Ford and Mercedes already have Level 3 systems. Toyota is working with Waymo. Several Chinese automakers have self driving, at various levels of quality.
It's going to become a routine feature of cars. Tesla isn't even the leader.
It omits a lot of other scenarios that increase the actual risk of betting on Tesla...
Self-driving becomes a commodity and so there's no unique Tesla win.
Self-driving becomes something only Tesla controls but (in the fleet/rental model) doesn't bring back returns to justify this investment because of extremely high capital, maintenance, regulatory, or other costs.
Self-driving becomes something only Tesla controls but (in the personal-owner model) doesn't bring back returns to justify this investment because it doesn't motivate the entire world to splash out on new vehicles overnight and also doesn't override other existing biases/preferences.
Self-driving is won by someone else (maybe someone with less religious views about Lidar, say) and Tesla no longer can even sell that promise.
Those are just the ones that occur to me in a few minutes!
Framing it as unwarranted to not think "Tesla is uniquely unable to achieve it"...? Seriously?
The real question is if Tesla is uniquely ABLE to achieve it, above others in the market... including new startups or tech/auto-maker partnerships which may yet form.
Tesla has some supply chain innovation, but none of what they do can't be replicated... and Musk's slavish commitment to video as opposed to LIDAR is hobbling them.
The stock market learns from experience, because it's made of people who learn from experience.
Imagine an investor's experience with TSLA. From the beginning, they're flooded with news reports about 'fundamentals' this, 'fundamentals' that, about how Tesla would imminently collapse, how it's a scam, yada yada. Said investors _constantly_ see themselves being right and those skeptics wrong. Tesla is in fact disrupting an industry. They really are just continuing to scale. Marginal profitability keeps going up. Their cars keep getting better. FSD keeps getting better. The competition that people kept pointing at kept failing to materialize. None of this seems to change the skeptics' byline.
Tesla is actually in a materially worse position than it was a few years ago, by many metrics, but the stock price isn't set by 'fundamentals', it's set by the people setting demand for the stock. With TSLA, this is disproportionately going to be people who have learned to and gotten rich from ignoring the people loudly telling them why investing in Tesla is a bad idea.
A market will correct eventually, but corrections either require people to change their minds or run out of capital. Neither has happened yet, so the market can't correct.
Is anybody surprised by the cratering demand for the Cybertruck (directly attributable to 4680 troubles)? Tesla sold the idea of a crazy space truck to a bunch of techie dorks, who then pulled out of the deal when faced with the reality of owning a vehicle that they have to clean with Barkeeper's Friend. This was the obvious result.
I would buy a Cybertruck tomorrow if it had a gas engine. I would buy a $10,000 or $15,000 gas generator add-on if it enabled unlimited range (provided I have gasoline).
There are just too many places, even in California, where I have to limit my trip because of electric range.
Electrek’s ‘reporting’ has proven so one-sided that I take all their stories with a bucket of salt. Even if the truck has been a flop I doubt their whole battery program has been. Perhaps they’re rejigging suppliers and pausing whilst they get ready to ramp up cyber cab production lines
Yeah, I'm getting the same feeling. They've announced that semi will use 4680 and Cyber Cab as well, right? If that's the case, this would point to a specific supplier issue rather than something more general.
It isn't something that I've looked into in depth, but it feels like a lot of the discussion isn't hitting the mark here.
And what evidence do you base those assumptions on? According to the journalists at electrek despite Tesla having capacity to manufacture 250k cybertrucks per year, they're only selling 20-25k per year
I actually get a kick out of Eletrek’s roasting of Elon and Tesla, but if you read a few of their articles, it’s clear they don’t like him. Lots of opinions and editorializing in the articles. I have no problem with that, you just have to realize where they are coming from and base your interpretation accordingly
The reason for that is actually very funny. Electrek guy (Fred) was one of the main propagandist for Tesla's cult - he 'earned' 2 free Tesla Roadsters for his convincing enough people to buy a Tesla.
It was only once he realized that he has been duped and those will never materialize that the coverage turned negative.
Its not that they dont like him, its more of Editor was big believer until Tesla scammed him out of half a $mil worth of fake roadsters that never materialized.
The haters on here are ridiculous. If everyone who ever had a product that failed in the market was called a fraud on HN then probably almost everyone would be. SpaceX failed on their first three launches. All the haters here would have voted to shut it all down. Glad Elon's able to recover from business failures without going to the HN comments section to find out what he should do next.
I honestly don’t follow this much but I doubt that production ramp up is the Cybercab’s long pole when they’ll need a significant number of market approvals for FSD to reach critical mass.
It's gross that it has come to HN as well. EDS in full swing here, presumably partially bots. All the negative articles are from the same few "journalists". They find a way to spin crumbs of news into the end for Tesla.
When somebody is siding with reality, especially a media source, that's a reason to listen to them more not less.
And when it's straight up facts easily verifiable from others sources, pretending that it's not based in reality is just sticking your fingers in your ears and screaming "la la la la" which is something that even very few 12 year olds do.
The only fact was about the contract which is like a sentence of the article. Then it goes into a guessing game on what it could mean, with the most negative spin possible.
$7,386 seems to be roughly one Cybertruck batteries worth (the only vehicle that uses that battery).
As in they literally expect to build one more Cybertruck battery and that's it. I'm guessing the excess stock in the Tesla factories covers spares for a few years already.
I wonder when the cancellation will be announced by Tesla? It's all but leaked at this point.
> Maybe they did this to keep the contract with a symbolic value;
Tax reasons? Keep it on the book and write the loss off against other profit over coming years? No clue how it would work in practice but it sounds taxy.
posting it on HN had the opposite effect for me. if the headline was "tesla cancelled contract to buy batteries" i would not have cared. the things that still confuses me is that this is caused by tesla no longer needing these batteries, but the headline to me reads like it is caused by the partner and tesla is somehow negatively affected by that.
The picture of Tesla across internet is so polarizing. X and YouTube is full of Tesla is the future vibe. Electrek and HN is calling it a complete scam. I am sure it's in the middle, but I can't find a balanced opinion anywhere.
But I have seen Electrek being too negative about Tesla always. And never reporting anything positive as such.
The future of electrification is at risk because the market chose to bet on TSLA. Many companies backpedaled on EV and the POTUS is making a major push towards oil (including invading Venezuela). The future looks grim.
I've been looking at the BMW Neue Klasse electric vehicles. They seem to exceed almost all other western competitors when it comes to the metrics I care about (mainly charging speed). I do think it's the most promising European brand when it comes to EVs.
All the traditional car companies in the west failed.
I think short term focus is far too rewarded in Western companies. In fact that's pretty much the only oversight given to the CEOs. The next quarterly report is all that matters. Even if you wanted to do the right thing and focus on long term goals office politics will ensure that a single down quarter where you focused on long term investments will be punished by those looking to move up. Pump the numbers each and every quarter and don't bother about long term visions since those aren't important for your career, bonuses and golden parachute. The big shareholders too aren't worried about the long term either since shareholders are fluid. Pump this quarter and they can move their investments to the next company before the rot sets in.
The companies that do extremely well in the West are those with singular stable long term leadership where the leaders have authority (or simply majority ownership) to take risks. Berkshire Hathaway, Meta, Nvidia, Amazon, Musks companies, Apple (under Jobs when he was around), etc.
This is partly why Tesla stock price is ridiculous. The competition is the traditional car companies which are extremely poorly run while Tesla is seen as a company run by a singular individual with more authority to take on longer term projects than just the next quarters goal. I think the market isn't correctly taking into account the possible mental illness from Musk but none the less there is merit to the idea that a company with singular stable leadership will be more successful than those which have quarterly focus.
This can be seen in many many examples. I actually don't think SpaceX is particularly well run either but their competition are companies where the only thing that matters for their leadership is the next quarterly report. So it's a case of a poorly run company vs an extremely terribly run company (eg. Boeing). No wonder SpaceX is doing well when their competition is fucking Boeing. Likewise with Amazon vs Walmart, Apple under jobs vs Apple not under Jobs, etc.
China commonly avoids this trap with stakeholder rather than shareholder based governance. This is less than perfect but it's still a league better than the race to the next quarter that Western shareholder governed companies have been doing. Details from an academic point of view: https://clsbluesky.law.columbia.edu/2025/06/18/what-chinas-e...
In other words the Western incentives for leadership is pretty broken (except when the leadership has the stability to avoid worrying about these short term incentives). I have the opinion that it's likely to lead to the fall of the West in the long term. We can see China repeatedly winning in various fields, electric cars being a clear example. We can also see in the West whenever we have shareholder based governance the companies have poor long term outcomes.
> short term focus is far too rewarded in Western companies
Zero auto companies outside China, America and Europe have successfully pivoted to EVs. And even within China, it's basically Geely and Changan. All the others are new entrants.
> China commonly avoids this trap with stakeholder rather than shareholder based governance
GM's unions own a significant fraction of its shares. This is a stakeholder system. What you may be referring to is state ownership, not stakeholder-based governance.
Europe doesn’t need new entrants. They got legacy automakers that are no worse at making EVs than Chinese and American startups.
The problem is: they can’t make them cheap enough to compete with China in developing countries. I’m not sure if they even want to do that at this point, the margins there are so low. It’s easier to just rebadge a Chinese car as your own (Renault and GM already do that in SA).
> Europe doesn’t need new entrants. They got legacy automakers that are no worse at making EVs than Chinese and American startups
Innovator's dilemma. It's not a coincidence that the two largest EV makers in the world are battery natives [1], and that they outproduce Nos. 3 (Geely), 4 (GM) and 5 (VW) combined.
VW, Mercedes, BMW, Peugeot, Polestar all make great EVs and they absolutely dominate the European market. They built manufacturing capacity in EU first for the domestic market, but are not competitive on the US market because of Trumps tariffs. China produces very cheap, they‘re still competitive even with tariffs. European car companies either have to build EV manufacturing capacity in the US first, or hope for the next administration.
> VW, Mercedes, BMW, Peugeot, Polestar all make great EVs and they absolutely dominate the European market.
Maybe, but which part of the market? China imports are popular because they're good value at a much lower price point, even after tariffs.
Many EU makers have been late to, or totally absent from, the market for a car for the masses. I've always bought Asian cars and probably always will because they're just better value.
All the established brands (except for maybe Nissan and some parts of GM) wanted their cake and eat it, too. They wanted electrification while still holding onto high margins. So they made almost their EVs all sit in the luxury segment.
And in North America they failed to bring dealers to heal.
The "theft" they are really worried about is the loss of oil industry profits.
That's who is sock-puppeting all these misanthropes.
US capitalism was fine with a few wealthy people driving around some novelty luxury cars with EV motors in them. China turned it into an actual mass market product.
Only investor's share prices at risk, there's no risk to the future of electrification.
Look at solar, an industry that has continual bankruptcies, yet is eating the world. New players grow, die, and get replaced all the time, in a continual churn of new technology.
That Tesla would die a death was not inevitable, merely a choice due to recent years of extremely poor leadership and terrible mismanagment. Even now, Tesla may pull out of the slump and recover! It's doubtful it will ever justify its share price, but it's likely that if it ever gets fairly priced as a company, it could be sold to a US auto major that is regretting it's failure to produce EVs for the international market, and wants to try to catch up. Maybe. That time might have passed too...
I know there’s a lot of Tesla/Elon hate here. I’m not denying any of it. I’m just sharing a genuinely strange experience I wasn’t expecting.
We needed a car again. Sold ours a year ago and got by with Uber, rentals, taxis. Life changed a bit and we needed something more predictable. I was planning to buy something used and boring and didn’t really care what.
My wife asked, “What about an EV?” We can’t charge in our rental garage, but there’s a Tesla Supercharger literally across the street. Took a Tesla test drive mostly out of curiosity.
And… I drove maybe 1% of that drive. The rest was on full self driving (FSD).
Fast forward, I now own a Tesla, and about 99% of my driving is on FSD.
Important context: when we picked it up, it was still on v13. It immediately made an illegal turn and scared some pedestrians in a crosswalk. So yes, I get the concern and skepticism. I had it too.
Then v14.2 landed.
Whatever they changed in that release feels real. It’s not just incremental. It feels like a different system. Elon says “we finally cracked it” (and probably says that all the time), so take that with a grain of salt, but with my very small sample size… it kind of looks like they might have.
Two moments that really stuck with me:
While self-driving, the car clearly anticipated a bus making a massive wide turn into our lane and hung way back until the maneuver was complete. It saw that developing long before I did.
At ~70 mph, I was mid lane-change with my blinker on when a driver towing a large trailer decided to drift into the same lane without checking their blind spot. The Tesla instantly aborted the lane change and smoothly moved back, avoiding what would’ve been a nasty accident. No panic, no hard braking, no drama.
I know this probably sounds like shilling. I’m not interested in the politics and don’t want to defend any of that. But it genuinely feels like stepping into the future, and honestly a much safer way to drive.
I want Rivian, Waymo, whoever to nail this too. I hope they do. But right now, Tesla seems to actually have something that crossed a line from “demo” to “wow, this is real.”
I didn’t expect to come away thinking that. But here we are.
i don't understand americans, two years ago i wanted a tesla, now i want a byd, you've let down the only american company competing against the chinese, all because of trump and politics
Elon's personality has been known before he ever came out in support of Trump. Think back to when he called someone trying to rescue kids a "pedo" because they ignored his idea of building a submarine. Moreover, his inability to deliver on promises has been a well-known fact for years.
I think you're underselling what Trump and Musk has done to the stability of Democracy in the US. Aside from all that, there are other American car manufacturers with great EVs: Mustang Mach-E, Chevy Equinox/Bolt/Blazer, etc. Not saying that BYD isn't better, but comparing to Tesla, there is plenty of US competition.
I absolutely prefer my Ioniq 5 over a Tesla, not merely 'tolerate it'.
Tesla has everyone else beat on charging infrastructure, that is true, but I don't need that except for about 0.5% of the miles I drive (and even there, Tesla's competitors exist and are fine on the routes I'd take).
They are as good as any Tesla, however, and in some areas better. Source: I own a Tesla Model 3 (my second) and I have owned a Bolt in the past, and currently own a Lightning. Aside from towing range, I prefer the Lightning the majority of the time. Tesla does some things better, while Ford excels in other ways. Both definitely have glaring faults.
Every decade, global capitalism decides that 100 million people don't need to eat and they get to starve to death. In the same time period, slightly less than that die from lack of medical care the market decides they don't need.
And that's just contemporary capitalism. Hundreds of millions starved in famines, and starving people got to watch as the food they themselves harvested was shipped to markets that would pay more for it. Millions were enslaved, and cultures, races and communities were wiped off the faces of continents in the name of profit.
How easily can stocks be redirected to eg energy supply logistics and make battery stacks?
How easily can the inputs be redirected by the source to more viable longterm contract sells?
How strongly will this push back on mining and minerals in related fields? E.g. palladium prices have collapsed, could this kind of thing move mining product pricing?
Worth noting this Branden Flasch video from a year ago talking about how the charging speed on the 4680 pack tesla Model Y was uncompetitively slow and arguably shouldn't have been sold: https://youtu.be/eQeziVkRwSA
The actual facts of this reporting could just as likely be explained by vertical integration, very typical of Tesla, or of a supplier shift due to absurdly high tariffs.
Aren’t shaped prismatic cells the current state of the art anyway? The article mentioned BMW and Rivian using this size of cylindrical cell but I believe the latest from GM, Hyundai, and VW are all prismatic after the earlier designs were either pouch cells or cylindrical.
I guess it depends on who you’d ask. BMW made a switch from prismatic cells to cylindrical design only recently, and it looks like the biggest gain was in costs and weight efficiency. The range/capacity ratio didn’t improve that much. Although, to be fair, none of these parameters depend on battery alone.
The big lie that you've all been sold is that Tesla has any kind of battery technology at all. Outside of repackaging Panasonic (in America) and other batteries (abroad), Tesla has dabbled in a few experiments and they all failed.
Unfortunately nobody else makes any good electric cars at this time, and certainly none that have anything approaching FSD. But you can't buy one due to Elon's treachery. It's extremely frustrating.
A little tangential, but seeing now the name of the steering-wheel-less cabs, why'd they name it Cyber{truck,cab} anyway? Doesn't it imply we use them to drive through the internet?
I actually did want a lighter, 2 Wheel Drive Cybertruck (for $40,000). The "Long Range" trim was close. But it was actually $70k not the $60k they were saying.
Get rid of the touchscreen and the four-wheel-drive steering and the electrical flush door handles, the hatch thing in the back, smaller wheels, any other electronic features like 120v inverters, etc. solid rear axel would be nice but that would be a major redesign.
what would it look like to directly sell EV batteries to consumers? what would have to happen?
this sort of happened. the people who sold these battery materials for the 4680 thought they were making a B2B sale, and they still wound up making a B2C sale - that ended in disaster - in disguise.
These cells aren't special, they're all off the shelf designs. The 4680 got some marketing spin, but really it was just a bigger form factor with a tweaked chemistry that apparently just didn't work out. And of course that means you can meta-spin the failure as "supply chain collapse", etc...
Obviously, no, you can't just buy a bunch of 21700 cells and stuff them in the car yourself, the balancing and calibration needs to happen in an integrated way and that repair (digging into a 400V DC battery!) is just way too dangerous for amateurs. But the batteries themselves are mature technology and kinda boring.
Note that you should never buy raw cells from Amazon. They are always fake or under-spec. At the very least, this seller claims "Multiple Protections" when this is a fully unprotected cell.
Distributors usually won't sell to regular consumers, but there are specialized retailers who base their reputation on selling quality goods, usually to the RC, flashlight, and vape market.
FWIW, this is definitely the opinion among Ego tool users on reddit. The aftermarket stuff comes with a discount and the possibility of a free surprise inside every box.
Musk increasingly feels like a charlatan selling snake oil. He is great at hype and storytelling, not so great at execution. Big promises, missed timelines, excuses reframed as genius.
He has been promising fully autonomous Teslas since at least 2015 and “level 5” self-driving within a couple of years, yet cars still require human oversight and true autonomy remains elusive.
He said Tesla robotaxis would be on the road by 2020 and then “next year” repeatedly, which never happened.
He promised an affordable $35,000 Model 3 and a cheap family EV, but those never materialized as advertised.
He unveiled the Cybertruck with specific features and price points that did not pan out, and several promised add-ons never appeared.
He set repeated production deadlines for the Tesla Roadster that kept slipping for years.
And his Mars colonization timelines are still nowhere near realistic.
The same cycle keeps repeating, with fans focusing on a few wins while ignoring a long list of missed commitments. At some point it stops being bold vision and starts looking like a confidence game.
The thing you made up sure seems odd yes! The facts are that it is not currently used in any other vehicle and we can assume by the fact that the contract was written down by 99% that there is no plan to do so in the near term, otherwise they'd actually, you know, need the batteries.
But don't let facts get in the way of some good bullshit!
I get it, but if the supplier shutting it down suggests that its not being used anywhere else.
So besides speculation, where is the evidence. In particular I'm wondering about production within Tesla, another supplier, anything that suggests there is a model adopting them.
I don't want to pile on you as I see you've already taken a hit - so I'll leave the voting out of this. But consider how many people you knew in the 80s/90s with a Laser Disc player. It was very niche. You likely had one techy nerd friend, or you had a friend that had a dad that was always buying "the next big thing". I think I knew ONE GUY that bought a laser disc player. Contrast that with just Tesla (not even EVs). You likely know 4 or 5 friends or family that own one. The model Y was the best selling vehicle last year. Whether that trend lasts into the 2050s, none of us can know. But calling it a failure? I just don't see it.
Electric cars were a failure, their market share tanked back in the 1910s. So a vague "electric cars failed in the market" is technically true. However, that past failure is quite distinct from the current electric car thing.
The technology is fine, it's the leadership. Plenty of other countries are rolling out EVs fine, we (the US) just can't seem to build out the charging infrastructure or standardize on a charging port.
(And don't forget that Laserdisk was quite successful for what it tried to do, and that when you buy physical videos today, they're in optical disk format.)
Don't worry, the 99% reduction in battery materials is just a strategic pivot to an 'asset-light' approach. The 4680 supply chain isn't collapsing, it’s just being 'optimized' for a future where cars apparently don't need batteries—just FSD subscriptions and robotaxis that run on optimism.
For years, we've been told a lot of things that have never come to fruition.
Just 6 months ago, we were told that Robotaxi would be available to half the US population by the end of the year.
https://electrek.co/2025/07/23/elon-musk-with-straight-face-...
(https://en.wikipedia.org/wiki/Forward-looking_statement)
Now excuse me while I go check on where my 2016 full-self-driving Tesla car. It was supposed to pick me up 9 years ago, something must have happened.
Because you can cancel your reservation and get your deposited refunded. See terms at Tesla.com
Mr Musk is a strange fellow indeed, but he's not guilty of all the vices and sins. Just plenty enough of them.
> Musk sold 19.5 million Tesla shares worth about $3.95 billion in November 2022
I mean sure it is his to sell, but how is that different?
Musk also bought into Tesla.
So its not like he invented some kind of alien technology.
It was always about having good enough marketing to permit 10 years of R&D to make the car actually attractive.
The simple truth is that he made electric cars viable competitors to gas-powered cars. His genius is not that he invented them, it's that he profitably manufactured decently reliable cars for a price that lots of people found attractive.
You can try and dismiss it as "marketing," but things like the Gigapress and FSD/Autopilot are impressive technical achievements in their own right. Even more impressive is that he built up a new car company that didn't fold and has had the best selling car in the US for significant chunks of time.
I don't like the guy, I think that FSD is dangerous, and I will never buy a Tesla for as long as he's in charge, but it's crazy that so many people feel the need to discredit his achievements. Sure, he benefited from selling carbon credits and EV subsidies, but if it were such an easy thing to do why did it take so long for anyone else to sell a good EV?
Huh? Nearly all of his profit was government subsidies designed to push EV adoption. And now he’s trying to pull the ladder up behind him.
Tesla has not been profitable for the vast majority of its existence when it comes to selling a car for more money than it takes to produce.
Before he smoked that reefer, his space company was catching the largest booster ever made with metal chopsticks, all paid for by global satellite internet revenue.
His electric crossover/SUV was the best selling car in America.
Now that he’s gotten distracted by politics I dislike, he’s not doing any of that. Definitely no longer the world’s greatest builder.
/s
Huh? You think starlink is funding space-x? If they lost all government and private launch business tomorrow and had to rely on Stalink revenues to stay in business they wouldn’t last through next month.
> His electric crossover/SUV was the best selling car in America.
It was, and then he fried his brain and decided to support fascists across the globe and can’t understand why people no longer want to support him or his businesses.
He apparently watched handmaid’s tale and thought “man those Gilead guys are really onto something”.
Nissan might like a word about that.
Tesla was the first to take range seriously.
> Projections suggest that ongoing deep funding cuts—combined with the potential dismantling of the agency—could result in more than 14 million additional deaths by 2030, including 4·5 million deaths among children younger than 5 years.
[1] https://www.thelancet.com/journals/lancet/article/PIIS0140-6...
If you had said this in 2015, we would be nodding along
> What we clearly know is that using software development methodologies to building critical hardware is as a bad idea as it sounds.
This methodology is what provides high speed, low latency internet to the South Pole and every other spot on earth allowed by regulatory.
I am an old man.
In my youth we called this lies. Or investor deception.
Some would even go as far as calling what he claims fraud but hey...
The question - is Musk lying on purpose, or is this more 90-90 rule where he made (obviously wrong) assumptions based on current progress?
(And I say that with conviction. https://hindenburgresearch.com/ are my heroes.)
As it stands, he can get a trillion dollar pay package if a something-trillion market cap target is hit.
https://arstechnica.com/tech-policy/2024/04/elon-musk-loses-...
https://thedriven.io/2023/06/22/tesla-to-start-building-its-...
The reality is they announced that as a pipe dream. Just like the FSD, Robotaxi, Optimus and 10 other projects that will never work - or more precisely, they will work but >10 years from now, and it won't be from Tesla but from a competitor.
I've recently been shopping for another electric SUV and to be told that to get charging stops on your long trip 'through an app on your phone' instead of built into the navigation is.... Wild
Edit: it needs to be said that I consider a car a solution to the A to B problem, and nothing more :) This was one of the premium German automakers by the way. On a ~$50k car....
great. I love that comment because software is the one element of a vehicle that we know it (vehicles) can do without from prior art.
personally I would prefer a vehicle that emphasizes safety, aesthetics, performance, handling, utility, comfort, or reliability.
another opinion : the cars with the best software are the ones where the user can't easily tell that the thing isn't analog.
I don't care if the infotainment system is laggy or temperamental about pairing with certain phones; what I care about is accurate system self diagnosis, reliable cold weather starting, consistent performance regardless of altitude or temperature, and sane thresholds that don't throw DTCs erroneously.
Those are the software elements in a car that matter to the car being a car rather than a glorified boombox on wheels; and Tesla doesn't score highly in any of those metrics over the length of their brand.
I'm asking this as a challenge; in a Tesla the biggest complaint I have actually is the half-baked music software. You can't set it to start playing USB music when you get in, and there's no button to resume it either. You have to use the voice command "switch to USB" to get it playing where it left off.
The car's performance, convenience, mechanical reliability, service center experience, documentation, all fantastic. I don't have stock in Tesla, I just really don't understand the criticisms. Are other cars really better? Should I take some test drives?
Many like Polestars and Renaults are built on Android Automotive (different from Android Auto) and the built-in navigation is full Google Maps with direct access to the cars battery state and control systems.
Works perfectly on my Renault Megane E-Tech.
That's my expectation too.
> For some the quality of the data isn’t as high, but it will be there.
This is a real issue. You might be stranded with low quality suggestions. Chargers that don't work. The large number of accounts you need to have as every charger has their own etcetera
In a Tesla, you get what Tesla gives you.
I haven't bothered with any accounts in years for third-party chargers. Most just plug in and negotiate payment automatically. Others have credit card readers on them. I haven't personally encountered out of service chargers on my road trips in a few years.
I can charge at most of the major Tesla charging locations as well these days. Ironically, those require I hop on a proprietary app with another account to manage, so I often avoid them.
Do you mind sharing what EV you drive?
In an EV it's a necessity.
Makes sense.
Yes...
Xiaomi? Huawei? Avatar? Or do you mean only the ones available in the US?
I've obviously not tested every car out there. But for years Tesla has been the only car that came close to the convenience of a gas powered car. Their charging infrastructure really allowed it to be a normal car when you live in populated areas.
Who knows where you live and what options you have? Who knows what you considered? Maybe that's why the question was asked?
> I've obviously not tested every car out there. But for years Tesla has been the only car that came close to the convenience of a gas powered car. Their charging infrastructure really allowed it to be a normal car when you live in populated areas.
Charging infra have nothing to do with their cars besides maybe the US. They are barely leading in anything anymore, especially in countries with heavy EV competition, like China. When I was in China this year, I saw Teslas everywhere, but most of them were a few years old. Most of the new cars were Chinese EV brands, and they seemed better on most metrics in the same segment, which included quality. They're losing market share in the EU and worldwide.
https://www.youtube.com/watch?v=VuDSz06BT2g
Yes looks pretty capable but they don’t go into software itself much. Looking at video you can see it’s pretty laggy at times.
Friends atto3 is somewhat capable but software quality just isn’t it. Other just got brand new sealion 7, hope I can test it soon, but some capability isn’t there either.
I don't know what to think anymore about this. He has continuously conned his way along and does it just long enough to jump to the next con.
Tesla is crashing and somehow people though giving him a huge pay package made sense. Cyber truck is flopping but now he's again living off government graft by having another company buy up the dead weight supply. Tesla is only around because of govt subsidy and now that that's dead he's turned to another govt spigot. While supposedly being opposed politically to what he's doing.
And time and time again people still make up excuses because they can't believe they were conned.
Probably the biggest sign AI is going to flop is him starting talking about it being right around the corner.
Little technical skills, no forecasting ability, we saw how much his "efficiency management" philosophy flopped when done in public via DOGE (vs behind the scenes in a private company) and yet people keep falling for it. As long as he can keep spitting out BS, people keep falling for it.
There’s only upside for shareholders.
Musk’s package is entirely performance-contingent and structured as 12 stock grants.
And the targets are very ambitious: valuation ($8.5 trillion) and operational goals (20M cars, 10M FSD, 1M robotaxis, $400B profit) over 10 years.
https://poole.ncsu.edu/thought-leadership/article/inside-the...
On the other side of the coin, they really don't have a choice; either they attempt to provide leverage (and using non-realistic goals is excellent to avoid actually having to pay it), or any major misshap with any of the other businesses that may have as collateral tesla stock (either directly or indirectly) would basically bankrupt the company. And the scenario where Elon would attempt to do a sort of firesale on purpose just to take revenge isnt far-fetched either;
IMO The only way forward for them is to keep him happy for now, while attempting to either do damage control or graceful exits.
https://americanliterature.com/author/hans-christian-anderse...
I always thought the story ended with the emperor and his entourage being embarassed after the child said he's naked... but no, it ends even more close to real human behavior. (Sorry for writing a clickbait sentence).
But the stock keeps hitting new all time highs.
Luckily I don't bet, I would have taken a huge short position and lost a bunch of money on Tesla years ago because they were already over valued by any plausible revenue projection, and yet the stock went up and up.
But worth remembering, the South Sea Company was worth the equivalent of a few trillion dollars too.
In fact even if every single shareholder in Tesla knows that the price is unsustainable they can still hold out for a greater fool for years. To a large extent you are betting on what the crowd will do, not what the company will do.
They'd be utter idiots if they weren't. (And if they are utter idiots, you shouldn't expect them to behave rationally.)
The really killer part is, I can't even be 100% certain that it's not me. I'm quite sure, and justify it solidly, but then, I would.
Maybe the smart people are the ones who can intuitively feel the stupidity of the masses and take advantage of that, whereas the dumb are the ones who are too cautious about houses of cards and unstable Ponzi schemes...
They mistakenly believe, like temporarily embarrassed millionaires/capitalists [1], that they are actually in the winning group.
[1] _ https://en.wikiquote.org/wiki/John_Steinbeck#Disputed
First with autopilot, then with boring's tunnels, then a $39k cybertruck, then ...
What's that saying about "fool me so many times I can't keep count" ?
Whatever angry feeling we may have towards Elon Musk, he's not the richest man on earth for nothing.
Lesson learned, till next time !
He engineers perceptions, finance, and govt funds, not technology. Every report and available evidence shows he is barely technologically astute, nevermind genius; the accomplishments of his teams are despite him not because of him.
Which is why a better description would be: The Greediest Man On Earth.
In particular, nothing that comes out of his mouth regarding AI makes any sense.
And still, people listen to him as if he was an expert. Go figure.
His latest bullshit was about Tesla cameras and fog/rain/snow - on an investor call, no less - "Oh, we do photon counting directly from the sensor, so it's a non-issue".
No. 1, Tesla cameras are not capable of that - you need a special sensor, that's not useful for any real visual representation. And 2, even if you did, photon counting requires a closed "box" so to speak - you can't count photons in "open air".
And no-one calls it out.
If my observation is correct, I guess what we're witnessing with Musk could be a case of hero worship – and in any narrative in which Musk is a hero, he's of course right.
Both SpaceX and Tesla are accomplishments if you consider where their competitors are.
CATL, BYD, and other Chinese manufacturers are absolutely killing it at Tesla's expense, Because their markets have actual, sharp-elbowed competition requiring actual innovation.
For SpaceX, who is landing rockets for reuse?
With all due respect, China at this point does seem to only get in when the early adoption is done. Then they just throw state money at the problem to catch up. They might be innovating now but they left the hard work to someone else
If not for crew dragon, the US would be begging Russia for seats to the ISS still. Is that your preferred outcome?
You're also ignoring the timeline issue. You want to talk about SLS and it's timeline? Or new Glen?
They're spending their own money, who are you to tell them not to.
As to space debris raining down, yes that is a problem.
Musk just took it way further. When Jobs missed with the RDF it was on stuff like the G4 Cube being "cool" enough to make up for its issues. He wasn't promising miracles.
It's available! Everyone in the US can go to Austin and get a ride in a Tesla robotaxi!
https://electrek.co/2025/12/22/tesla-robotaxi-project-austin...
https://www.teslarobotaxitracker.com/
Tesla isn't a robotics company it's a meme company (2027)
Yet again, there are no adults and the shallow fabric of society fails to conceal the greed boner under the sheets.
https://en.wikipedia.org/wiki/SolarCity
Being in Australia, we have the benefit of getting US, EU, CN, and other vehicle brands, as well as solar and battery suppliers.
Tesla sells a lot of home batteries, but there are numerous other brands.
Tesla's cars are old now, the difference is the Hyundai, Kia, Geely, ZeekR, BYD, Polestar, Mini, Lexus, Porsche, BMW, Mercedes and other brands are cars that happen to be powered by batteries, not some magic carpet of future ideas.
Remember in 2016 when people would be on Mars by 2018?
I'm no fan of Tesla, but this looks like the collapse of the contract with the supplier for the battery chemistry they've moved away from, aka "no [more] big deal."
2023 article confirming NMC chemistry: https://iopscience.iop.org/article/10.1149/1945-7111/ad14d0
5/2025 article discussing change to LFP: https://roboticsbiz.com/teslas-4680-lfp-battery-explained-ch...
3/2025 article comparing BYD's LFP and Tesla's NMC/NCM: https://www.sciencedirect.com/science/article/pii/S266638642...
Cylindrical cells make sense for higher performance NMC and NCA chemistries, as they can be cooled more easily (coolant lines can run in the voids between cylindrical cells), and any single cell failure is less likely to cascade to other cells. Batteries with cylindrical cells were easier to repair, but nowadays cells are welded together instead of bolted, so that's no longer an advantage.
This is obviously untrue. Tons of other chemistries have used prismatic cells with good safety as well. You think Macbooks and iPhones use LFP or cylinder cells?
> Batteries with cylindrical cells were easier to repair,
It can be just as easy to repair a prismatic battery as a cylinder battery. It all comes down to the layout of the battery. And as you mentioned, how the battery is constructed, if the battery is structural, etc.
To use an analogy: If someone stores a gallon of gasoline in a single-walled plastic container, that's probably OK. But storing 1,000 gallons of gasoline without certain safety measures is unsafe. So it goes with battery capacities.
https://old.reddit.com/r/spicypillows/
And the US automakers tried prismatic cells before. Chevy Volt used them in 2012!
The latter part of this is speculative. Tesla may have begun shipping dry cathodes but it isn't clear that they're capable of matching the former third-party volume. Tesla would absolutely need the additional 4680 volume if Cybertruck sales were meeting their original projections (as opposed to now when they are ~an order of magnitude lower).
We know from this that they do not need the same level of third-party 4680 capacity, and (call it speculative if you so desire) this is the most parsimonious explanation for the L&F write down.
The company L&F referenced in this article were supplying said cathode material.
ref https://www.reuters.com/technology/tesla-plans-four-new-batt...
Struggling, not so much: '24/'25 revenue of just under $100B, with Q3'25 record profitability and deliveries yielding $1.5B net income. Strong liquidity and a current ratio of about 2, boosting short-term financial stability. Solid cash reserves and relatively low debt ratio.
High stock price: far exceeds that of traditional auto makers even though Tesla's revenue is significantly lower. High valuation reflects investor expectations of growth and future tech upside. Exuberant? Probably. OTOH, Tesla has delivered better ROI for investors than the other automakers.
The people voting Afd et al. are NOT people buying EVs. The venn diagram of those groups is two circles.
The two most popular EVs in China are the Wuling Mini and the Geely Xingyuan. The first one costs $4500 for the base model, and the second one is $9800. And you can get a very decent EV for $15k with plenty of options.
In 2-3 years, these $5k and $10k cars will only get better, and they'll just slaughter all the competition in markets outside the US and Europe. Especially once used cars start appearing at a fraction of the cost.
Traditional auto manufacturers are dead. Full stop. They just haven't realized it yet. Tesla had a chance to compete in this market with Model 2 but Musk decided to blow their lead on a completely stillborn and gimmick-filled robotaxi.
Not sure whether you know, but Geely entered the automotive business in 1997 (founded in 1986).
The company has subsidiaries / joint ventures with automakers like Volvo, Polestar, Proton, Smart, Lotus, Renault, etc.
Lin Shufu, Geely’s founder and chairman bought just shy of 10% of Mercedes Benz in 2018, making him the second biggest individual shareholder in the German carmaker. The #1 spot is occupied by The Beijing Automotive Industry Holding Co. (BAIC), via its state-owned parent.
https://en.wikipedia.org/wiki/Geely
Even Toyota is slowly waking up, with a reasonable bZ3X SUV for $15k (China only).
This fully explains the market valuation, of course! Never mind a swarm of retail investors driven by a news media that covered Musk as if he were Tony Stark for years, this market cap is fully based on solid fundamental analysis of expected future revenue.
The big dog is BYD though. Twice as many as 2nd place Tesla.
Indeed. Global 2024 data shows Tesla selling about 1.8M. EV's only by that group of automakers comes to around 1.5M. Toyota and Ford are hybrid-first, not EV. VW is the only legacy automaker that comes near Tesla's EV scale. Mercedes prioritizes margin over volume. Rivian is capacity-limited.
"But it's high margin", sure it is, but so is Ferrari, and their P/E is 30-40.
But it is stunning that legacy automakers are sticking to fossil fuels.
They also know that this means that the EU will push the target date for the end of fossi fuel cars.
Sales have been flat for 3 years and the delivery numbers in Europe are catastrophic
on a fully diluted basis, the market cap is above $1.6tn, so at a PE of 20, they'd have to generate something like $80bn in profit per year - hard to do in an industry that is as brutally competitive and low margin as passenger cars.
But I (clearly) must be wrong, sorry to disagree with the spokesman of America.
We must live in parallel universes.
From 2009 to 2022, China offered national purchase subsidies for EV buyers. Peak subsidies: ¥40,000–60,000 per vehicle (~$6k–9k). Combined with local subsidies, some buyers paid 30–40% less than market cost. These subsidies were phased down and formally ended in 2022, but the industry had already reached massive scale.
This policy alone created the world’s largest EV market.
Even after direct subsidies ended, China continues to provide: EV purchase tax exemptions (10% tax waived), extended through 2027.
China provides EV manufacturers with: Cheap or free land, Low-interest or state-directed loans, Preferential electricity pricing, Grants for factories, R&D, and tooling, State-backed battery supply chains.
China strategically subsidized battery production: CATL, BYD, and others received R&D grants, Guaranteed demand, Export financing.
China now controls ~75% of global lithium refining and ~80% of battery cell manufacturing.
This dramatically lowers EV costs versus foreign competitors.
No value judgement about subsidizing, but to say it is a myth that China has and continues to subsidize their EV industry is false.
----
It might be tempting when one has been asleep at the wheel to chalk up the rise of Chinese carmakers led by BYD to unfair subsidies, especially since leaders in Washington and Brussels have done so. No doubt, China is far from a free, fair and open market. The scale and pervasiveness of corporate subsidies at the federal and local level far exceed what other market-based economies offer.
https://www.bloomberg.com/news/newsletters/2024-10-17/byd-s-...
----
https://www.bloomberg.com/news/articles/2025-11-10/china-s-c...
EVs were subsidised in the west, e.g. in California (#4 "country" by GDP), Norway, and US tax incentives - which have gone away after the Trump anti-renewables Bill of 2025. MRSPs for EVs were slashed after September 2025 due to the loss of this subsidy, and 2 months later Ford cancelled it's electric F-150 program.
Their profit growth has slowed (significant drops in profit YoY). Even revenue has dropped in some quarters.
Investors had very high growth expectations given their past rapid expansion, but investors now see only moderate growth.
Intense competition and pricing pressure.
China EV market is slowing. Overcapacity is emerging over the sector and govt subsidies are softening.
Finally, global macro and sentiment towards Chinese stocks is cautious.
It'd like me saying that Barry Bonds only won the home run records because he used steroids. It wasn't entirely the steroids but I'm sure they certainly didn't hurt.
Of course, the salaries and working conditions are going up in China while west is eroding worker rights as fast as we can. One the factories will come back here simply because we'll end up cheaper. Don't buy solar made by Xinjiang forced labor, by solar panels made by illegal immigrant prison labor!
They are also way cheaper and at comparable quality to western cars.
They lost the massive US subsidy making EV’s appealing and are getting outcomes in China. Model E and Cybertruck have anemic and shrinking sales numbers etc.
I sometimes forget that’s not the real name, which gets confusing.
Not quite failure in Sweden. Something about how the car is not quite bad enough to break the lease.
Thus explaining the joke in such excruciating detail as to kill any humor.
Yeah, sure.
On the contrary, Teslas remarkably high stock price means it's less likely to go up and a big correction is more likely.
You're misreading. $100B annual revenue. 1.5B quarterly new income.
Q3 2025 was record revenue of $27B (up 12% YoY). Operating margin was 5.8% (down from 10.8 Q3 2024).
Why the lower profitability? Higher expenses for AI and R&D costs, lower EV prices (very strong competition), etc.
How does that justify Tesla's valuation?
Is it based on the idea that the margin can be improved?
You got it reversed.
For Q3'2025, GM net income $1.3B on $48B revenue (down 0.3% YoY). Tesla, in contrast, generated $1.5B income on $28B revenue (up 12% YoY).
GM's income was down 56.6% while Tesla's was down 37%.
GM had higher operating income than Tesla, however. Explained by Tesla's more aggressive investment in R&D and AI.
It sounds like you're arguing that high valuation compared to fundamentals means buyers expect gains from future buyers paying more sounds like a Ponzi, but it isn't, it is speculation.
The comparison doesn't make sense. Some surface features of speculative markets can look Ponzi-like, but the underlying mechanics are very different.
A Ponzi-scheme returns to earlier participants directly from money contributed by later participants, with no real underlying business generating value. In a Ponzi-scheme, there is no real product (or it is irrelevant), the operator controls payouts, and investors are promised steady or guaranteed returns. None of that applies to Tesla stock.
Ponzi-schemes hide losses, smooth returns, collapse suddenly. Tesla stock is volatile, has had large drawdowns, and public reflects bad news, margin compression, demand shifts. Volatility is a sign of a market, not a Ponzi.
If BYD was in the US I think we could check this box reeeeaaally quickly. It would make Tesla irrelevant.
Why? What's your logic?
There's a huge market opportunity here that all our manufacturers are missing, seemingly on purpose. BYD, and others, would absolutely sweep the competition.
They have a fiduciary duty to their shareholders to never make low-margin (read "cheap") cars. If someone is looking for a competitive automotive market, they won't find it in the US. The financial engineering is world-class though.
What does a 2025 US car have over a BYD vehicle? Questionable parts availability?
I personally prefer a BYD, Musk has damaged his brand by being so political, but the BYD product is (IMO) superior.
Having said that BYD isnt without its issues (eg. over reporting of range)
This part is the smell.
"It's not a car company, it's a AI/Robot/whatever company." The valuation is supposedly justified by a future product that perpetually fails to materialize.
It's obviously not a classical Ponzi scheme in the mechanical sense where payouts are controlled by a central party. It has major Ponzi vibes though, with new money continuing to reward old money even though the fundamentals and products haven't done anything to justify that continued influx - only the hype has.
The actual underlying product, the cars, don’t match the crazy valuation.
Generating revenue and profit at the expense of the participants is literally the ponzi scheme.
So these people are no longer shorting. Sane long-only people, likewise have been out for a long time. You're left with a clique of people who won't sell regardless, and when Elon promises to make ice cream with robotaxies, they'll buy a bit more stock.
When only irrational people trade something, the price and market for it are irrational too.
67% of Americans have said they'll never consider buying a Tesla. 56% cite Musk as either the entire reason or part of the reason. [0]
Tesla IS Elon Musk. Without him they're nothing, with him they can't access 2/3rds of the market. Why would anyone invest in that?
[0] https://www.yahoo.com/news/two-thirds-of-americans-now-say-t...
* don't believe the 67% will follow through with that after experiencing FSD
* don't need 67% of Americans to purchase the car. Robotaxi use is plenty.
* look beyond the American market and its pathetic 5% EV share.
Thanks for explaining the other side of it.
I’ve tried v13 few weeks ago, knowing it works so well. Still got shocked how good it is.
They’ll have to drop the price of it tho, but even then 10M cars * $100 per month is $12b of revenue per year.
I'm fairly certain every auto manufacturer and many non-auto manufacturers are working on it. I doubt they'll be able to patent anything truly important to the process, since others beat them to the market with most of it. Or am I missing something essential?
It's not. Waymo could license a version of its stack using the Android model (specifies a minimum sensor suite OEMs have to qualify models on).
It's a race between how fast Waymo's COGS can decline and how fast Tesla's FSD can achieve actual self-driving. At this moment, given all the evidence available, my inclination is that Waymo is in a better spot.
It’s a bit of a bet. It feels like Tesla is real close, and if they get there, Waymo has no way to compete with Tesla’s manufacturing prowess and vertical integration.
I feel like people will be willing to wait until next year for the Alphabet or Mercedes version, but maybe I'm overestimating the average person's attention span or underestimating how far behind the competition is.
[0] https://www.newyorker.com/culture/the-new-yorker-documentary...
Musk is a shit human, but to an investor, everything he touches turns to gold. Whether his companies make anything useful doesn't matter, what matters is that the stock price in his companies goes up, so people give him more money. This works until it doesn't.
Just because stock is trading on memes, doesn't mean it can't keep doing so well past your solvency to short it...
The market can stay irrational longer than you can stay solvent.
Meaning you also need to get the timing just right otherwise you'll lose big, even if Tesla crashes and burns to zero just after.
Musk can move money around SpaceX/Tesla/XAI/whatever the next story to investors is to prop up valuations and share prices, but can he win against China's clean tech export machine? Long term, I think not (China is a third of global manufacturing capacity as of this comment, and the world is their TAM). So he'll do the tech bro thing, giving talks, going to demo days, spending his wealth on pet projects, etc, while innovators innovate and point the firehose of these products at the world. Are you going to talk people out of his religion? Unlikely. The faithful will remain so, because that's how the human brain sometimes operates.
Ember Energy: China Cleantech Exports Data Explorer - https://ember-energy.org/data/china-cleantech-exports-data-e... (updated monthly) ("In 2024, China produced around 80% of the world’s solar PV modules and battery cells, and 70% of electric vehicles.")
US warns China overproducing EVs, batteries, semiconductors for global dominance - https://news.ycombinator.com/item?id=41909869 - October 2024
China's Batteries Are Now Cheap Enough to Power Huge Shifts - https://news.ycombinator.com/item?id=40954508 - July 2024
China Already Makes as Many Batteries as the Entire World Wants - https://news.ycombinator.com/item?id=40933773 - July 2024
(as of this comment, ~50% of light vehicle sales in China are NEVs [battery electric of plug in hybrid] while exporting ~6M units/year, more than total annual US light vehicle sales)
It doesn't mean that Tesla stock won't crash unless it actually delivers a Holy Grail. Which is supremely unlikely
> "Short it then"
I can smell your personal finance through the screen.
Our so-called "gdp" is mostly rent and legal ponzi schemes
SpaceX Buys over 1000 Cybertrucks - https://news.ycombinator.com/item?id=46405984 - December 2025
Last week: Elon Musk's SpaceX bought tens of millions worth of Cybertrucks Tesla can't sell - https://news.ycombinator.com/item?id=46317462 - December 2025 (6 comments)
Elon Musk's SpaceX and XAI Are Buying Tesla's Unsold Cybertrucks - https://news.ycombinator.com/item?id=45572152 - October 2025 (8 comments)
Tesla's European Sales Plunge - https://news.ycombinator.com/item?id=46391352 - December 2025 (3 comments)
Tesla US sales drop to nearly 4-year low in November - https://news.ycombinator.com/item?id=46248803 - December 2025 (60 comments)
Tesla looks to reset strategy amid sluggish India sales - https://news.ycombinator.com/item?id=46084554 - November 2025 (2 comments)
Tesla's European sales tumble nearly 50% in October - https://news.ycombinator.com/item?id=46063634 - November 2025 (57 comments)
Tesla sees worst sales performance in China in years - https://news.ycombinator.com/item?id=45881302 - November 2025 (1 comment)
BYD Pulls Ahead of Tesla in UK, Closes Sales Gap in Germany - https://news.ycombinator.com/item?id=45859618 - November 2025 (35 comments)
Tesla's German car sales more than halve in October as wider EV sales jump - https://news.ycombinator.com/item?id=45827314 - November 2025 (135 comments)
[Flagged] Tesla sales in Germany have cratered from last year, data shows - https://news.ycombinator.com/item?id=45826384 - November 2025 (28 comments)
Study: The Musk Partisan Effect on Tesla Sales - https://news.ycombinator.com/item?id=45825382 - November 2025 (2 comments) ("Without the Musk partisan effect, Tesla sales between October 2022 and April 2025 would have been 67-83% higher, equivalent to 1-1.26 million more vehicles. Musk’s partisan activities also increased the sales of other automakers' electric and hybrid vehicles 17-22% because of substitution, and undermined California’s progress in meeting its zero-emissions vehicle target.")
Tesla Cybertruck sales are flatlining - https://news.ycombinator.com/item?id=45573985 - October 2025 (17 comments)
Tesla Pivots to Robots as Investors Question Sales and Soaring Valuation - https://news.ycombinator.com/item?id=45228566 - September 2025 (3 comments)
[1] https://www.thebignewsletter.com/
[2] https://news.ycombinator.com/from?site=thebignewsletter.com
[3] https://perfectunion.us/
[4] https://substack.perfectunion.us/
I don’t even know what to call the kind of system we have.
> BYD announced in 2022 its plans to launch a fleet of car carriers to build what it calls a “maritime bridge” to support its global sales growth and supply chain. The company said it would invest about $687 million to develop a fleet of eight car carriers. The first of the vessels, BYD Explorer No. 1 was delivered in January 2024 followed by BYD Changzhou in December 2024, and BYD Hefei, which was the company’s first owned PCTC. Each of the first three vessels has a capacity of 7,000 units. [My note: current BYD vertical integration marine fleet capacity is ~30k units when including the Shenzhen vessel mentioned above, but does not include capacity through third party charters]
[1] China EV Exports Worldwide Rise 87% Year over Year to 199,836 in November [2025] - https://www.bloomberg.com/news/articles/2025-12-29/china-ev-... | https://archive.today/Q80Zs - December 29, 2025
[2] Chinese EV Manufacturer BYD Takes Delivery of [World's] Largest Capacity Car Carrier - https://maritime-executive.com/article/chinese-ev-manufactur... - April 24th, 2025
(think in systems; US light vehicle TAM is ~18M units/year, global TAM is ~90M units/year; Tesla US sales will finalize at ~600k units for 2025)
It's why the entire S&P 500 teeters on the back of 7 companies without any presently viable paths to profitability that would justify the current valuations.
It's why repeatedly lying for a decade+ made Elon so rich even though the business output and fundamentals never really matched the valuation.
Still doesn't - this valuation is mostly vestigial beliefs that AI would eliminate an entire workforce ("history often rhymes") of drivers and replace car ownership with subscription.
The majority of the performance in the market has little to do with actual material value being produced and everything to do with how much rent finance bros think they can extract from the stock.
https://fortune.com/2025/03/20/howard-lutnick-pumps-tesla-st...
“If you want to learn something on this show tonight, buy Tesla,” Lutnick told Fox News host Jesse Watters.
In this economy we have a billionaire clan selling hot air and backing each other up. The main "achievements" of this administration are in pumping Bitcoin, "AI", cannabis sales and and online gambling.
Two things can happen:
The dream is a bust, and Tesla is worthless.
Or the dream pans out, and almost all other car companies are worth a lot less.
Unless you absolutely want to believe that either self driving is impossible, or Tesla is uniquely unable to achieve it, the valuation is not entirely unwarranted.
Put shortly, Tesla is not a car company, it's a bet on self-driving cars.
Tesla is not the only company to achieve self-driving, and all companies that achieve it share the market with them.
(Or the fourth option, it will take decades for self-driving to take even a significant market of "driving" as humans continue to want to own and drive cars rather than short-term rentals.)
It omits a lot of other scenarios that increase the actual risk of betting on Tesla...
Self-driving becomes a commodity and so there's no unique Tesla win.
Self-driving becomes something only Tesla controls but (in the fleet/rental model) doesn't bring back returns to justify this investment because of extremely high capital, maintenance, regulatory, or other costs.
Self-driving becomes something only Tesla controls but (in the personal-owner model) doesn't bring back returns to justify this investment because it doesn't motivate the entire world to splash out on new vehicles overnight and also doesn't override other existing biases/preferences.
Self-driving is won by someone else (maybe someone with less religious views about Lidar, say) and Tesla no longer can even sell that promise.
Those are just the ones that occur to me in a few minutes!
The real question is if Tesla is uniquely ABLE to achieve it, above others in the market... including new startups or tech/auto-maker partnerships which may yet form.
Tesla has some supply chain innovation, but none of what they do can't be replicated... and Musk's slavish commitment to video as opposed to LIDAR is hobbling them.
They abandoned the hardware most promising to help enable self-driving.
So something isn't being priced correctly.
Imagine an investor's experience with TSLA. From the beginning, they're flooded with news reports about 'fundamentals' this, 'fundamentals' that, about how Tesla would imminently collapse, how it's a scam, yada yada. Said investors _constantly_ see themselves being right and those skeptics wrong. Tesla is in fact disrupting an industry. They really are just continuing to scale. Marginal profitability keeps going up. Their cars keep getting better. FSD keeps getting better. The competition that people kept pointing at kept failing to materialize. None of this seems to change the skeptics' byline.
Tesla is actually in a materially worse position than it was a few years ago, by many metrics, but the stock price isn't set by 'fundamentals', it's set by the people setting demand for the stock. With TSLA, this is disproportionately going to be people who have learned to and gotten rich from ignoring the people loudly telling them why investing in Tesla is a bad idea.
A market will correct eventually, but corrections either require people to change their minds or run out of capital. Neither has happened yet, so the market can't correct.
No, that is not a typo. $2.9 billion to roughly $7,400."
https://electrek.co/2025/12/29/tesla-4680-battery-supply-cha...
There are just too many places, even in California, where I have to limit my trip because of electric range.
I'm surprised no one has done the generator.
It isn't something that I've looked into in depth, but it feels like a lot of the discussion isn't hitting the mark here.
It was only once he realized that he has been duped and those will never materialize that the coverage turned negative.
The word on the street is this is only 2 weeks out.
Right after fulfilling the roadster orders.
And right before the Dyson sphere that will power Grok AI is deployed.
https://imgur.com/a/bPnYwja
HN has lots of people who can think for themselves and lots who can't.
And when it's straight up facts easily verifiable from others sources, pretending that it's not based in reality is just sticking your fingers in your ears and screaming "la la la la" which is something that even very few 12 year olds do.
> No, that is not a typo. $2.9 billion to roughly $7,400.
Ooft. That’s one hell of a write down. Imagine the person that had to do the calculation and report it back.
As in they literally expect to build one more Cybertruck battery and that's it. I'm guessing the excess stock in the Tesla factories covers spares for a few years already.
I wonder when the cancellation will be announced by Tesla? It's all but leaked at this point.
A '99% write down' is such an uncommon term that many people might not register it.
Tax reasons? Keep it on the book and write the loss off against other profit over coming years? No clue how it would work in practice but it sounds taxy.
But I have seen Electrek being too negative about Tesla always. And never reporting anything positive as such.
It really isn't. BYD is progressively becoming ubiquitous here (large South America city)
I think short term focus is far too rewarded in Western companies. In fact that's pretty much the only oversight given to the CEOs. The next quarterly report is all that matters. Even if you wanted to do the right thing and focus on long term goals office politics will ensure that a single down quarter where you focused on long term investments will be punished by those looking to move up. Pump the numbers each and every quarter and don't bother about long term visions since those aren't important for your career, bonuses and golden parachute. The big shareholders too aren't worried about the long term either since shareholders are fluid. Pump this quarter and they can move their investments to the next company before the rot sets in.
The companies that do extremely well in the West are those with singular stable long term leadership where the leaders have authority (or simply majority ownership) to take risks. Berkshire Hathaway, Meta, Nvidia, Amazon, Musks companies, Apple (under Jobs when he was around), etc.
This is partly why Tesla stock price is ridiculous. The competition is the traditional car companies which are extremely poorly run while Tesla is seen as a company run by a singular individual with more authority to take on longer term projects than just the next quarters goal. I think the market isn't correctly taking into account the possible mental illness from Musk but none the less there is merit to the idea that a company with singular stable leadership will be more successful than those which have quarterly focus.
This can be seen in many many examples. I actually don't think SpaceX is particularly well run either but their competition are companies where the only thing that matters for their leadership is the next quarterly report. So it's a case of a poorly run company vs an extremely terribly run company (eg. Boeing). No wonder SpaceX is doing well when their competition is fucking Boeing. Likewise with Amazon vs Walmart, Apple under jobs vs Apple not under Jobs, etc.
China commonly avoids this trap with stakeholder rather than shareholder based governance. This is less than perfect but it's still a league better than the race to the next quarter that Western shareholder governed companies have been doing. Details from an academic point of view: https://clsbluesky.law.columbia.edu/2025/06/18/what-chinas-e...
In other words the Western incentives for leadership is pretty broken (except when the leadership has the stability to avoid worrying about these short term incentives). I have the opinion that it's likely to lead to the fall of the West in the long term. We can see China repeatedly winning in various fields, electric cars being a clear example. We can also see in the West whenever we have shareholder based governance the companies have poor long term outcomes.
Zero auto companies outside China, America and Europe have successfully pivoted to EVs. And even within China, it's basically Geely and Changan. All the others are new entrants.
> China commonly avoids this trap with stakeholder rather than shareholder based governance
GM's unions own a significant fraction of its shares. This is a stakeholder system. What you may be referring to is state ownership, not stakeholder-based governance.
Fewer new entrants? America has Tesla, Rivian, Lucid, et cetera in the EV native camp, and Waymo in the autonomous-native camp.
If we limit ourselves to export variants, Europe has Polestar. (And by this metric, China has dozens of new entrants in both fields.)
The problem is: they can’t make them cheap enough to compete with China in developing countries. I’m not sure if they even want to do that at this point, the margins there are so low. It’s easier to just rebadge a Chinese car as your own (Renault and GM already do that in SA).
Innovator's dilemma. It's not a coincidence that the two largest EV makers in the world are battery natives [1], and that they outproduce Nos. 3 (Geely), 4 (GM) and 5 (VW) combined.
[1] https://www.fool.com/research/largest-ev-companies/
Maybe, but which part of the market? China imports are popular because they're good value at a much lower price point, even after tariffs.
Many EU makers have been late to, or totally absent from, the market for a car for the masses. I've always bought Asian cars and probably always will because they're just better value.
And in North America they failed to bring dealers to heal.
It's ok, it's only our children's future at risk.
That's who is sock-puppeting all these misanthropes.
US capitalism was fine with a few wealthy people driving around some novelty luxury cars with EV motors in them. China turned it into an actual mass market product.
Look at solar, an industry that has continual bankruptcies, yet is eating the world. New players grow, die, and get replaced all the time, in a continual churn of new technology.
That Tesla would die a death was not inevitable, merely a choice due to recent years of extremely poor leadership and terrible mismanagment. Even now, Tesla may pull out of the slump and recover! It's doubtful it will ever justify its share price, but it's likely that if it ever gets fairly priced as a company, it could be sold to a US auto major that is regretting it's failure to produce EVs for the international market, and wants to try to catch up. Maybe. That time might have passed too...
We needed a car again. Sold ours a year ago and got by with Uber, rentals, taxis. Life changed a bit and we needed something more predictable. I was planning to buy something used and boring and didn’t really care what.
My wife asked, “What about an EV?” We can’t charge in our rental garage, but there’s a Tesla Supercharger literally across the street. Took a Tesla test drive mostly out of curiosity.
And… I drove maybe 1% of that drive. The rest was on full self driving (FSD).
Fast forward, I now own a Tesla, and about 99% of my driving is on FSD.
Important context: when we picked it up, it was still on v13. It immediately made an illegal turn and scared some pedestrians in a crosswalk. So yes, I get the concern and skepticism. I had it too.
Then v14.2 landed.
Whatever they changed in that release feels real. It’s not just incremental. It feels like a different system. Elon says “we finally cracked it” (and probably says that all the time), so take that with a grain of salt, but with my very small sample size… it kind of looks like they might have.
Two moments that really stuck with me:
While self-driving, the car clearly anticipated a bus making a massive wide turn into our lane and hung way back until the maneuver was complete. It saw that developing long before I did.
At ~70 mph, I was mid lane-change with my blinker on when a driver towing a large trailer decided to drift into the same lane without checking their blind spot. The Tesla instantly aborted the lane change and smoothly moved back, avoiding what would’ve been a nasty accident. No panic, no hard braking, no drama.
I know this probably sounds like shilling. I’m not interested in the politics and don’t want to defend any of that. But it genuinely feels like stepping into the future, and honestly a much safer way to drive.
I want Rivian, Waymo, whoever to nail this too. I hope they do. But right now, Tesla seems to actually have something that crossed a line from “demo” to “wow, this is real.”
I didn’t expect to come away thinking that. But here we are.
Teslas aren’t perfect, and they are definitely starting to get a bit dated, but the list you made has precisely zero “great EVs” imho.
Tesla has everyone else beat on charging infrastructure, that is true, but I don't need that except for about 0.5% of the miles I drive (and even there, Tesla's competitors exist and are fine on the routes I'd take).
And that's just contemporary capitalism. Hundreds of millions starved in famines, and starving people got to watch as the food they themselves harvested was shipped to markets that would pay more for it. Millions were enslaved, and cultures, races and communities were wiped off the faces of continents in the name of profit.
How easily can the inputs be redirected by the source to more viable longterm contract sells?
How strongly will this push back on mining and minerals in related fields? E.g. palladium prices have collapsed, could this kind of thing move mining product pricing?
The actual facts of this reporting could just as likely be explained by vertical integration, very typical of Tesla, or of a supplier shift due to absurdly high tariffs.
Tesla is absolutely fucked.
Get rid of the touchscreen and the four-wheel-drive steering and the electrical flush door handles, the hatch thing in the back, smaller wheels, any other electronic features like 120v inverters, etc. solid rear axel would be nice but that would be a major redesign.
https://www.slate.auto/en
this sort of happened. the people who sold these battery materials for the 4680 thought they were making a B2B sale, and they still wound up making a B2C sale - that ended in disaster - in disguise.
It looks like this: https://www.amazon.com/JESSY-3-7-Volt-Rechargeable-Battery/d...
These cells aren't special, they're all off the shelf designs. The 4680 got some marketing spin, but really it was just a bigger form factor with a tweaked chemistry that apparently just didn't work out. And of course that means you can meta-spin the failure as "supply chain collapse", etc...
Obviously, no, you can't just buy a bunch of 21700 cells and stuff them in the car yourself, the balancing and calibration needs to happen in an integrated way and that repair (digging into a 400V DC battery!) is just way too dangerous for amateurs. But the batteries themselves are mature technology and kinda boring.
Distributors usually won't sell to regular consumers, but there are specialized retailers who base their reputation on selling quality goods, usually to the RC, flashlight, and vape market.
He has been promising fully autonomous Teslas since at least 2015 and “level 5” self-driving within a couple of years, yet cars still require human oversight and true autonomy remains elusive.
He said Tesla robotaxis would be on the road by 2020 and then “next year” repeatedly, which never happened.
He promised an affordable $35,000 Model 3 and a cheap family EV, but those never materialized as advertised.
He unveiled the Cybertruck with specific features and price points that did not pan out, and several promised add-ons never appeared.
He set repeated production deadlines for the Tesla Roadster that kept slipping for years.
And his Mars colonization timelines are still nowhere near realistic.
The same cycle keeps repeating, with fans focusing on a few wins while ignoring a long list of missed commitments. At some point it stops being bold vision and starts looking like a confidence game.
But don't let facts get in the way of some good bullshit!
You know, evidence, instead of just something that resides in your brain.
vs
> where the batteries are being used
It's just a different battery cell size with less overhead. 46 by 80 mm instead of e.g. 21 by 70 mm.
So besides speculation, where is the evidence. In particular I'm wondering about production within Tesla, another supplier, anything that suggests there is a model adopting them.
Cyberteack is a flop. This battery has a parallel track and is used elsewhere so conclusions are just basesless .
Because batteries are the only part you can criticize, take a look at the sodium batteries made by CATL:
https://cnevpost.com/2025/12/29/catl-expects-sodium-batterie...
https://carnewschina.com/2025/12/28/catl-confirms-2026-large...
It's a real breakthrough in battery tech. With gasoline you simply can't have this.
(And don't forget that Laserdisk was quite successful for what it tried to do, and that when you buy physical videos today, they're in optical disk format.)