People need to stop using Twitter. It's like trying to using AOL or whatever now. It's basically a dead product.
Hypx
joined 9 months ago
Tesla is a massive financial Ponzi scheme that uses the hype of BEVs to prop the up stock price. At some point, the hype and lies (plus the end of most subsidies) comes to an end. This will eventually bring down Tesla and reveal that BEVs are not some panacea technology.
The whole site is run by a Venture Capital company, so it attracts that kind of clientel.
And that is causing real enshittification. It is increasingly just about promotion of certain products while rejecting criticisms. There is less and less honest discussion. I get the feeling that mods will soon no longer allow "anti-tech" viewpoints altogether.
It's no longer a good place for news, discussion, or even real opinions. It's just an echo chamber of hate and closed-mindedness, and increasingly just bots talking to each other.
Best Buy is going to be the next Circuit City. The only question is when.
It is a Ponzi scheme from a financial sense. In the end, it's just a launch provider. It's not suddenly going to become the next Apple in terms of market value. But it is valued like that, and they were able to raise billions of dollars by lying about its potential business ventures.
All of those statements existed to either drum up investment money or get people to buy non-existent products. So those things are examples of securities fraud too.
The "midas touch" is basically just securities fraud. Something he can't get away with forever.
Then it would be another Boeing, Lockheed Martin, Northrop Grumman, etc.
Tesla is nothing more than an elaborate stock pumping exercise built on a business of selling crappy cars to techbros. It’s valuation is propped up by lies, hype and virtual signaling. It also can’t survive without copious amounts of government subsidies and low interest loans, since the car business is so capital intensive. At some point, all of these problems will come to a head. It’s a matter of when, not if, that Tesla collapses in some form. Though it may be bought out before formally filing for bankruptcy.