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Musk is lightyears away from a self-driving car (archive.ph)

submitted 4 months ago by [email protected] to c/[email protected]

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[–] [email protected] 12 points 4 months ago (1 children)

But we know what it really is all about - selling more cars.

It isn't even about selling more cars at this point, it's about selling securities. Their market cap dwarfs their total sales. Their P/E ratio is 67.67x, meaning they could sell cars for 67 years and still not make as much money as their stocks are worth today.

The real product is the rising stock price. The factories are just a front.

[–] [email protected] 8 points 4 months ago

Very true. Cars are a secondary venture, the stock is the true product.