Comment on Musk is lightyears away from a self-driving car

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Thevenin@beehaw.org ⁨5⁩ ⁨months⁩ ago

But we know what it really is all about - selling more cars.

It isn’t even about selling more cars at this point, it’s about selling securities. Their market cap dwarfs their total sales. Their P/E ratio is 67.67x, meaning they could sell cars for 67 years and still not make as much money as their stocks are worth today.

The real product is the rising stock price. The factories are just a front.

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