LTLFTcomposite wrote:Meh. Look at historical charts for Apple and Amazon. As my great aunt used to say it's a long road that doesn't have a turn. When Amazon dropped from 360 to 4 it was a good time to cover the short position, rather than waiting around for it to go back to 2000.
I can't help but think there are more than a few folks who wouldn't mind backing up the train. Tesla has their problems for sure, but betting against people finding solutions to problems is a risky proposition. There are many more chapters to be written in this story.
TSLA is compared constantly to Amazon. I have no idea why. People can easily call to mind Amazon, which is now an insanely successful company and has beat out literally millions of others, as if their path is somehow cleared for Tesla.
More than likely Tesla will be like most other automobile companies or tech companies. Why do people so readily compare Tesla to Amazon instead of to Delorean? It has much more in common with that company.
Tesla is not a start-up but it is being run like one. It's one thing to release a bad batch of code to a social media app, it's another when lives are in jeopardy. CR today wrote a blistering review of their latest navigate feature: https://www.cnbc.com/2019/05/22/consume ... cerns.html
That review could hardly be worse, but it's not surprising to anybody who has seen the multitude of accident or near accident videos involving teslas.
Where the rubber meets the road Musk's increasingly lofty goals and claims become not just stretch goals but downright negligent. Tesla has been, for years, releasing autopilot code to cars that has not been sufficiently vetted and goes against the validation standards of arguably every other automobile manufacturer out there. What that navigate feature does there is what a tesla I drove did two years ago: almost cut somebody off on the highway. It's not enough to say "ultimately the driver is responsible".