[tw98521358]

What if Amazon is just an online bookstore? What if Apple is just a computer company? What if Google is just a search engine?

All these things are true except Amazon is mostly a cloud company and Apple makes the computers most people use for non work.

Eventually they will all be valued as such, but for a while mass delusion will continue to make them more expensive. You are probably too young to remember when Cisco was basic the internet company and valued as such.

[taraharris]

> You are probably too young to remember when Cisco

I am 42 years old. I remember when the SGI O2 was the hot thing to have on your desk, Netscape was the hot new startup, when Mozilla was open-sourced, and when jwz left to burn some of his fuck-you money on saving nightclub in San Francisco. All I could afford was my Linux PC, but I was alive. I remember the entire dotcom boom and bust.

None of that matters. I actually know some of the engineers that work (or have worked) at Elon Musk's companies. They're all extremely smart, talented and hard-working. (One of them hates Musk's guts, one is indifferent, and the rest of them respect him enormously.) Tesla will eventually be the largest company on Earth, and no one else is close.

[ofcourseyoudo]

> Tesla will eventually be the largest company on Earth

This is quite a take. I guess you're basing this on FSD becoming a huge moneymaker for them, but that's unlikely given it's not true FSD and it's only Level 2 autonomy, and Level 3 is probably years away for them. Compare to Mercedes, who just got Level 3 approved in Nevada. It's under very specific conditions, but while it's activated, Mercedes assumes liability. I don't see Tesla doing that before 2026.

[tw98521358]

All those places were full of talented amazing folks. Some of them even were briefly great companies before they burned out and faded away. The point is that none of them were worth the crazy valuations they briefly had.

[europeanguy]

> Tesla will eventually be the largest company on Earth, and no one else is close.

Is your thesis that A) Tesla will finally develop fsd AND B) no one else will ever be able to?