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The EV revolution has always been something almost dystopic : Trillions of dollars spent in order to not have the slightest amount of quality of life improvement, if anything a worse quality of life because you buy an EV that you cannot use 24/7/365 whereas you can an ICE car for much less .
As soon as something kinda elegant and hopeful as far as collective quality of life improvement is concerned (AI/ChatGPT) came around.....the whole green/EV revolution rightfully went out the window
If Musk was this genius you guys make him to be at 50 and with all the capital he burned he should have at least one company that if you disappeared the world would look drastically different, like if you disappeared Microsoft or Apple or Exxon or Aramco or Amazon or IBM....the world would come to a screeching halt.
Disappear one of Musk companies and everything would be the same as he's always involved in these sort of aspirational companies which have this great vision always 5 years into the future that never materialize into anything tangible or that improves the quality of life like the company I mentioned earlier
Can we evaluate based on the stated goals, or why does the criteria keep shifting?
Looks to me they delivered on 2 of the 3
But they failed to achieve the market share of Microsoft and not to mention the lackuster significance of EVs compared to Personal Computers and GUI
You can attack Tesla and Musk from 1000s different angles due to their shananigans except the one true badge of honor for a company and CEO:
Sherman Act / Anti Trust for 90+ % market share in a sector which ought to be competitive
You think the goal was to be the first through the glass take all the cuts that go with it and then pave the way for BYD ?
Tesla is no Apple, no Microsoft no Standard Oil. Valuations might make superficial people think that it , but it ain't
Again, tech company, startup, visionary...all these definitions are being used but in reality we are talking about a company founded back in 2001
Also I specifically stated that people who look at valuations are those who fall for narratives as opposed to looking look the impact that a company or a product has on their lives.
I remember life before Microsoft's Windows 95, I remember life before the iPhone, before Google, I remember life before Facebook, I remember life before Amazon became ubuquitous, before Uber....
It was a completely different world, much more friction , lots of quality of life wasted by that friction.
Life before and after Tesla? It's the same....hence they failed to leave a mark on society like the aforementioned companies and fell back on financial engineering , cult leadership, cult following and politics as well as hostile takeover of the US governemnt.
You speak about valuation but if we want to use dollars as a unit of measure then what impact did Tesla have as a company on the quality of life of citizens considering the amount of capital it allocated or rather incinirated ever since 2001? Very few companies enjoyed the right to spend so much, where's the quality of life dividend for citizens?
Where's the Windows 95, where's the CHatGPT which changes things and makes people question how they managed to live productive lives before it came about? Nowhere to be seen
When you burn through hundreds of billions of dollars in capital in a very public manner you don't get to pick the goal, the goal gets to pick you and it's the following, and it's for everybody not just Musk or Tesla:
"Absolute domination in a new sector of the economy which changes the life of citizens so much so that they cannot fathom going back to life before such new tech/product' introduction and subsequent intervention of Government for Sherman act purposes / Anti Trust"
None of that will ever come to fruition as it was the wrong crusade to begin with considering that the population never really deeply wanted it and so it is being rightfully abandoned.
Considering the cultish nature of Tesla I'll make the following comparision:
If Companies logos are the new cross/star of david/ insert religious symbol then Tesla failed in their crusade. The remains of the wrong crusade enterprise is being picked up by others who might or might not get some satisfaction and returns out if it.