Tesla under Elon Musk kind of feels like a Ponzi scheme, it never delivers on the original promises and just keeps hyping up even bigger ones for the future. it is a hype machine: Tesla’s Future Is Always Just Around the Corner! There are about 20 different projects he's hyping right now, and instead of finishing anything, he just keeps stacking on more. Sales are down? No worries, we’ll sell a million Optimus robots by 2030. Earnings are down? That’s fine, robotaxis were coming in 2016… or was it 2017… or maybe some other year oh wait "you'll be able to use your car as taxi why you sleep (2017)". Cybertrucks banned in most civilized countries? Doesn’t matter — we’ll power the whole world with Tesla batteries by 2040. For what it’s worth, I actually have a Model 3 Highland and I love the car itself, but FSD doesn’t work at all — it’s honestly dangerous with stuff like ghost braking. So yeah, Tesla’s just an okay car company, and it really should have a P/E ratio around 12 to 15, nothing more.
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