• TheRealKuni@lemmy.world
    link
    fedilink
    English
    arrow-up
    14
    ·
    6 months ago

    Apple almost exclusively ships their software with their hardware. They’re still a tech company.

    I see the point you’re making, and it isn’t a terrible one. But the thing is, Tesla isn’t valued like a car company. They’ve enjoyed a market cap at times greater than VAG and Toyota, the largest automakers, who ship orders of magnitude more cars than Tesla does. Tesla’s value has not been in its manufacturing capability but in its position in the market.

    (That is likely to change going forward, as other automakers are catching up in the EV world and Musk has alienated Tesla’s core audience.)

    • Dr. Dabbles@lemmy.world
      link
      fedilink
      English
      arrow-up
      1
      arrow-down
      1
      ·
      6 months ago

      Tesla isn’t valued like a car company.

      The market being stupid doesn’t change the fact that they are a manufacturing company. The fact that they can convince people to repeat this nonsense is how they keep the market stupid. Keeping the market stupid is how they continue pumping cash to stay afloat.