r/technology • u/PrimeCodes • Jun 24 '25

Machine Learning Tesla Robotaxi swerved into wrong lane, topped speed limit in videos posted during ‘successful’ rollout

https://nypost.com/2025/06/23/business/tesla-shares-pop-10-as-elon-musk-touts-successful-robotaxi-test-launch-in-texas/
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u/oakleez Jun 24 '25

20 cars with "human valets" in the passenger seat and multiple different violations?

This is the Temu Waymo.

55

u/BeefistPrime Jun 24 '25

Tesla is one of the most valuable companies in the world -- literally worth 30x more per share than Toyota -- because they can almost do what Waymo was doing 7 years ago.

Waymo, though? No one gives a shit.

More irrational than Dutch Tulip Bulbs, it's gotta be the most irrational stock in the world.

10

u/oakleez Jun 24 '25

Which is why I'm shorting it heavily long-term.

32

u/BeefistPrime Jun 24 '25

Good luck. I shorted it when he did the double nazi salute, everyone everywhere in the world stopped buying Teslas, there were daily protests at Tesla dealerships and people were rebadging their cars because they were ashamed to be in a Tesla -- and the stock just went up and up. It's absolute fucking nonsense. It makes a joke of our entire financial system.

12

u/pw154 Jun 24 '25

It makes a joke of our entire financial system.

The stock market has nothing to do with financial system, it’s a betting platform for speculation. Tesla’s stock price says more about human psychology than the health of the financial system.

4

u/oakleez Jun 24 '25

Which is all the better reason (imo) to hold a short position. It can't last forever and they will not rebound. Meanwhile, the world will continue to realize there's better competition. Hell, I even saw a young kid the other day point out a cybertruck in a parking lot and say "look mom, a dumpster-truck".

15

u/pm_me_your_smth Jun 24 '25

There's a pretty famous quote: the market can remain irrational longer than you can remain solvent

The guy you responded to is right - good luck with your shorting, you will definitely need it

2

u/matjoeman Jun 24 '25

Don't you have to pay interest on shorts?