WBT 0.44% $2.24 weebit nano ltd

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    Is it not as pervasive as a company that is majority-owned by a micromanaging narcissist?

    "The best selling car in the world period is the Model Y"

    We don't know that. As Tesla lumps in Model 3 sales in the same category. Straight from the horse's mouth (https://ir.tesla.com/press-release/tesla-vehicle-production-deliveries-and-date-financial-results-webcast-fourth-quarter-2023): https://hotcopper.com.au/data/attachments/5981/5981317-c2923a8e189ba2c7920fa565f86d6744.jpg
    If Toyota did the same, the Corolla would be the "best selling car in the world". I'd wager because we're dealing with a liar (Elon) who knows this label will result in a flurry of Tesla pumpers on youtube pumping the stock it'll rope more cash in from the cult.

    Being in the Tech industry, the main line that delineates someone who wants to work at Tesla or not is if they own Tesla stock (anecdotally speaking). The line-go-up Elon worship. See the very public example of an ex-Twitter employee chatting with Elon Musk about his idea on doing a complete "rewrite" of the stack. It was basically a mask-off moment for people who know what's going on in the same way he talks about a "rewrite" of FSD. Same script, same lack of knowledge and understanding. The "fail fast, fail often" mantra from Silicon Valley has been applied to software of the benign kind. But when applied to software which is literally being beta tested on the public where a "fail" could end someone's life is insane, luckily, we don't allow bodies to be piled up to beta test in Australia.

    Sandy Munro is a Tesla shareholder who's failing company was saved by it. Definitely worth keeping that in mind. Now seems to spend a lot of time on Tesla pumper channels shilling the stock.

    https://hotcopper.com.au/data/attachments/5981/5981363-fa79d2f0e16896ad0a6a73b6c2842bfd.jpg
    Tesla is a car company (revenues are pretty much all auto sales), an overinflated one at that.

    And people who desperately want a deal with them from Weebit would, I'd wager mainly be:
    a) Influenced by the false impression that this is a desirable first-priority partnership (slowing sales/growth = why would we want to prioritise selling chips here?) regarding company capability and growth prospects
    b) Recognise the power of the cult to pump our share price (not really sustainable)
    c) Hold Tesla stock and recognise the value that this will actually give that company

    The Optimus robot isn't using anything new/innovative as of yet. No new ground is being broken. And quite frankly it can be put together with what is already accessible right now.
    You can see it's being controlled in the bottom right:
    https://www.youtube.com/watch?v=cFbK951XkGo&ab_channel=ghosttesla
    From experts (https://spectrum.ieee.org/robotics-experts-tesla-bot-optimus)
    "In short, I’d bet that any decent university or corporate robotics lab with a similar budget and an active PR team would be able to pull this off."

    This is all a pattern of attempting to tap into hype of which Tesla operates off (hence the "stock" being the product).

    We've seen it time, and time again.

    Regarding the entire Musk ecosystem (which is all joint at the hip - see how they share resources, etc between companies, if I were a shareholder I'd be furious, however remember what the product really is, the cult allows him to do everything because that's where the value lies. Institutions recognise Tesla as an "investment" primarily due to the "sticky" investors (quoting Shaw and Partner's Felicity Thomas)... As you gathered I'd use a different term):
    "Fool me once, shame on you. Fool me twice, shame on me. Fool me three times, shame on both of us. Fool me four times, we're in a bubble."

    I hate filling the forum with this kinda thing, but it keeps coming back up all the time. So, apologies for blocking it up again but as far as my perspective is, some of our priorities are out-of-whack here and my take is: take the tech industry's promotion of ideas with a grain of salt. As you see behind the scenes the story gets away from reality way too much. All of this is imo born of a deeper problem, an ideological one primarily prevalent in Silicon Valley that I needn't bog up the thread further on.

    Either way, we should look towards growth stories and opportunities like BYD. When the story fails dollars speak. Buying into a story only works if others are also. Otherwise, when the music stops you better find a chair.
 
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