Thread

Tesla takes on $30B in credit as it approaches unprofitability

161 points · 221 comments · ciconia

rgmerk · 1790747861 · focus · HN ↗
Look, I get that Elon wants to chase AI, but why not do relatively simple, low-cost things like build a proper 7-seat SUV that uses the Cybertruck platform - or even a properly stretched Model Y platform (rather than the six-seater L)? Or how about a delivery van on a stretched Y platform?
Tesla's product line is narrow and aging rapidly.
1. fooker · 1790748992 · focus · HN ↗
  This will get TSLA valued as a car company.
  They want to be valued as a ~~scifi~~ tech company.
  Which is fair, given that the market (and by extension we) chose to brutally punish boring car companies that make reliable high volume cars.
  1. ryandvm · 1790778305 · focus · HN ↗
    What's funny is that nobody even believes the SpaceX/Tesla fever dream stuff - not even the fanboys. Data centers in space that violate the laws of logistics+thermodynamics? 30 trillion dollars worth of revenue?
    No, they only believe that somebody else believes this shit. The entire valuation of Elon's companies is based on greater fool theory. But it notably is called greater fool, not infinite fool; we are going to run out of fools at some point...
    roryirvine · 1790779044 · focus · HN ↗
    I'd love to know what their actual plan is, the one they hope will allow them to manage a soft landing rather than a sudden crash when the music stops.
    I mean, they must have one and it must be at least minimally plausible - otherwise the regulatory authorities would have stepped in long before things got to this stage... right?
    fooker · 1790787221 · focus · HN ↗
    The plan, as always, is monopoly.
    Push out competitors and get the market, bet the market is large enough.

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