Neuralink 'Participant 1' says his life has changed

The premise of Tesla's current market value is that they will capture a majority share of a dramatically expanded global taxi market. Waymo being dramatically ahead at producing workable robotaxis entirely undercuts that premise.

If you instead think Tesla's promise is consumer cars, Tesla's valuation is roughly equal to the entire rest of the global auto industry, despite being only a tiny and declining fraction of global sales. The relevant competitors then are Toyota, VW, Ford, BYD, etc. etc. Objectively, as a consumer auto company Tesla seems to be stagnant and falling behind.

I guess they're also hyping vaporware humanoid robots; if you ask me a future where a significant proportion of all families on earth purchase a humanoid robot seems completely implausible. It's very Jetsons though. Maybe they'll start building flying cars too.

Okay that's not what ordinary people like GP's dad are envisioning. Normal people are envisioning either: "wow I can buy a Tesla and it can drive me around!!" or a macroview "wow in the future Elon Musk is going to make self-driving cars so good that nobody will have to drive!".

We are discussing "normal people thoughts", not market sentiment.

It’s the usual “The market can stay irrational longer than you can stay solvent", as much as the fundamentals do not work he has captured the average investor and general narrative that something really huge would have to happen to take him down.

I really don’t see anything that will cut through the narrative now.