upvote

points

by thephyber12 hours ago |
comments
upvoteby gizajob6 hours ago|
next
[-]
And ten years of full self driving being ready in mere days.
reply
upvoteby the_sleaze_2 hours ago|
parent|
[-]
Yes and. The new FSD is $100 /month and actually works
reply
upvoteby prepend1 hours ago|
parent|
next
[-]
I used it. It doesn’t work as FSD. A driver has to pay attention and intervene. Can’t sleep. Can’t read a book. Can’t look at the scenery going by. It’s still super neat and I like it. But it’s not FSD, and I suspect why fewer than 10% of tesla owners pay $100/month or bought it.

Waymo is actual FSD.

reply
upvoteby wat100002 hours ago|
parent|
prev|
[-]
Still needs a driver. The F in FSD is supposed to stand for "full." It's not there yet.
reply
upvoteby Forgeties7911 hours ago|
prev|
[-]
The problem is the stock market is more divorced from reality than we have ever seen. For instance, why does Tesla stock still sit where it is? How could it possibly not be going down at this point? So many undelivered promises, major setbacks in sales, massive decreases to their sales forecasts… literally nothing has gone well for them in years and yet the price is still outrageous. It really feels like I’m just out of the loop on something.

Jack Barker’s rather blunt monologue in SV about how the stock is the product is more true than ever. It felt very heavy handed at the time but it’s only proven to be more the case than I thought.

reply
upvoteby chicken-stew10 hours ago|
parent|
[-]
This probably illustrates my disconnect from reality, but I’ve never understood why a company would care about share price once they’ve left the door. I get that the co still owns its own shares and can conjure new ones for sale, but why would those very infrequent events interfere with the day-to-day operations. In my (wrong) eyes, it’s like pro-baseball players trying to increase the value of their trading cards via their participation in the game. The team doesn’t matter any more, it’s al about what the card owner wants.
reply
upvoteby rurp1 hours ago|
parent|
next
[-]
Selling more stock is usually a lever a company can pull when they want. So even if a normal company in normal times doesn't have a reason to do so often, they can if circumstances change. Tesla and some other meme stocks have been extremely aggressive about selling more shares into crazy valuations, and have raised immense amounts of money doing so.

Plus as others have said, usually all of the decision makers have a bunch of stock exposure and will prioritize their own financial gains over pretty much anything else.

reply
upvoteby Ekaros10 hours ago|
parent|
prev|
[-]
Company itself really shouldn't. Everyone involved in management from board to executives do. Board operates behest of stock owners, executives operate behest of board. Such to keep their job they have to do what stock owners want. And stock owners either want dividends or growth in some term.
reply
upvoteby philipallstar8 hours ago|
parent|
next
[-]
> Board operates behest of stock owners, executives operate behest of board

These are often both weak signals, though. They'll govern very high level decisions, but all the day to day is inside the company. Just as I want a return on the money in my bank account (as I was promised) investors want a return on their money too, and as you say, the executives and board should care about making sure the people who put money into the company are getting a decent deal out of the arrangement.

reply
upvoteby Forgeties798 hours ago|
parent|
prev|
[-]
People have always way overstated the power and scope of “fiduciary duty.” It doesn’t mean you have to redline your company at all times to maximize every single penny in the short term at the expense of all other considerations. That’s just a cultural thing we do in the US by choice
reply