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Dutch rental fleet Mistergreen goes bankrupt after betting on Tesla self-driving

54 pointsposted a month ago

20 Comments

poulpy123

a month ago

Anyone who believes blindly musk promises is a moron

reading this while at my dads house for christmas. when I left I went in my garage and clicked dads house, then clicked “start self driving” it back out, got out the neighborhood, on the highway, merged onto another, took an exit, drove to his neighborhood and pulled in the driveway. dad needed to get something from the gas station, we clicked the destination and clicked start self driving, it backed out the driveway and chose its own parking spot at the gas station, got back to his house in the driveway. not once today have I touched the accelerator, brake pedal, or turn signal, and I’m 2 cities away from home and have been on 3 drives. just my experience today

hshdhdhj4444

a month ago

Did you drive from LA to NYC without ever touching anything 9 years ago?

Because that would be a refutation of not believing what Musk promises.

Or was your vehicle used as a RoboTaxi beginning half a decade ago and has been returning 10x your initial spend on it on an annual basis? Because that would be another refutation of the idea that we shouldn’t believe Musk’s promises.

This list can go on for a very long time.

user

a month ago

[deleted]

joelthelion

a month ago

Judging by Tesla's market valuation, there are unfortunately a lot of morons...

6LLvveMx2koXfwn

a month ago

> For investors and fleet operators, though, the episode is a stark lesson in not equating corporate hype with economic fundamentals.

If further evidence is required that truths need relearning daily!

josefritzishere

a month ago

I think the lesson here is not to place financial bets based purely on idealogy. Without huge government subsidies, Musk would be bankrupt. You'd have to be blind not to see the shell game that keeps him afloat.

aetherspawn

a month ago

Those were the good years, when money was free and any idea could get funded.

spwa4

a month ago

People keep forgetting that the vast majority of billionnaire founders, including Musk, are good at finance. Not at anything else.

And Musk and Bezos' specialities are in the field of taking government subsidies. NOT making cars. NOT rockets. NOT delivery. NOT ...

So if you believe in them, you can bet money that they'll be able to attract more subsidies in the future. But buying a car from them is a bet that they produce good cars ... and it's just moronic.

hampowder

a month ago

The idea that Bezos' specialty is taking government subsidies and not ecommerce is hogwash..

josefritzishere

a month ago

Apparently 4.7 billion worth. https://www.vice.com/en/article/amazon-has-received-at-least...

rchaud

a month ago

Ecommerce itself involved exploiting government regulations around sales taxes. Amazon didn't charge sales tax for over a decade because it had no physical location outside of WA. That alone gave it a massive price advantage over every other retailer. When the laws finally caught up, many competitors had already closed down, the biggest of them being Circuit City and Borders.

albatross79

a month ago

The Pied Piper's tune leads you to the river to drown. If you want to survive you need to plug your ears and stay close to him.

cornonthecobra

a month ago

News like this reminds me of what Linus Torvalds said on LTT when the topic of LoC metrics came up

jerlam

a month ago

It's just hard to believe that any company would be in the business of selling turnkey money printing machines, at scale.

bfkwlfkjf

a month ago

Let's think for one second. If Enron Musk has these really profitable cars, wouldn't he keep them for himself instead of selling them away under what they're worth?

Oh right he's not motivated by money he just wants to make the world better, right.

goku12

a month ago

> Oh right he's not motivated by money he just wants to make the world better, right.

No. The reason is the same as why his Optimus robots will take over all menial jobs from us, work hard to earn money for us, eliminate poverty forever and leave us to do whatever we want.