• astreus@lemmy.ml
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    4 months ago

    I think you really need to ask yourself why you’re willing to either lie or be so easily manipulated

    Totally unnecessary. You’re comparing a publicly traded company running on memes and a strange cult of personality to private valuation.

    Now that China and other domestic competitors have ramped up EV production Tesla’s dominance of the niche is going to fall, especially considering the flop that was the Cybertruck and the brand damage Elon has committed.

    We are already seeing protectionist measures being enacted for the EV sector.

    In short, SpaceX and Starlink have a market to dominate (whether we want it to or not, it seems) while Tesla, a grossly overvalued company, is only going to see more competition and deepened irrelevancy.

    • UnderpantsWeevil@lemmy.world
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      4 months ago

      The ROI on electric vehicles dwarfs the SpaceX program. Whether Tesla flounders or not, the car market is more profitable (and therefore more valuable) both by the marginal return on units and the industry market cap.

      Starlink might keep an edge over Chinese and Indian programs (doubtful, since India can send a probe to Mars for $75M). But the global satellite market was $4.23B last year. The global car market was $578B.

      Orders of magnitude different.