My 2016 model x has about 30k miles on it and I have t had any major problems myself.
It's still by far the best overall car I've driven but the tech in other cars is rapidly catching up.
I have a 3 on order but that was because the line was long and relatives were interested. They are not because the price is too high.
I think a lot of 3 preorders were people waiting in a long line because there was a long line.
I never have owned and think buying Tesla stock at this price is insane. I don't short because I've seen insane prices get more insane and I've seen companies catch up to it.
I dont think Tesla is comparable to Enron...Enron lied about how good it's finances were while fleecing customers through illegal manipulation of energy prices.
That's really different than trying to do something really hard and being overly optimistic and perhaps naive about how hard it is.
You have to give some credit to someone who had 30m and bet it all on starting a car company and a space company. I'm wouldn't do that if I had 30m
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I do think Tesla is in a hard position because they are addicted to the over valuation to race against the cash burn. And that can create all kinds of bad incentives. Theyve been close to death many times so I think Elon Musk is used to that feeling... Maybe even enjoys it.
But then I don't think Tesla's financial state is hidden so if people want to invest in a super high risk insanely overvalued company.. I guess that's their choice. If it turns out they are materially lying that's another matter but when you post hundreds of millions a quarter in losses and simple math tells you when the company runs out of money it's hard to claim you were lied to.