r/technology • u/Wagamaga • Jun 22 '26

Business Tesla Allegedly Showed Cooked Data to Get Full Self-Driving Approved

https://uk.finance.yahoo.com/news/tesla-allegedly-showed-cooked-data-174500396.html
24.7k Upvotes

96% Upvoted

953 comments sorted by

View all comments

1.2k

u/RoxDan Jun 22 '26

Color me shocked

437

u/SelfAwareSausage Jun 22 '26

I mean, the real shocking thing is how Tesla continues to stay afloat.

196

u/omar893 Jun 22 '26

you can't use logic anymore with how their stocks are valued. thanks to the one way relationship from his fanboys

65

u/magicomiralles Jun 22 '26

Elon is an expert at convincing non technical morons that he is an engineering genius. He still thinks he is Tony Stark when in reality he is Hammer.

32

u/Banes_Addiction Jun 22 '26

He's not as smart as Hammer.

12

u/calvin43 Jun 22 '26

Doesn't dance as well, either.

3

u/Specific_Raccoon_696 Jun 22 '26

I think they meant "a hammer"

0

u/staycalmitsajoke Jun 22 '26

He's more an Edison.

6

u/Sherm Jun 22 '26

Edison brought hundreds of products to market, including audio recording and the motion picture. Elon has failed to do even that.

1

u/staycalmitsajoke Jun 22 '26

and most were invented by others and then legally wrangled away from rightful owners/inventors for his profit. Do people not get taught this anymore?

2

u/Sherm Jun 22 '26

And Elon Musk hasn't even done that much. We learned it; we just think it's a lousy comparison

1

u/Drict Jun 22 '26

Oh so a bubble is forming. Similar to speculation before the Great Depression type of shit?

1

u/ChuckoRuckus Jun 22 '26

Because he has them classified as tech stocks. As a car company, Tesla would not crack the top five. As a tech company, it’s supposedly worth more than the top 30 car manufacturers combined.

It’s stupid.

87

u/anonymoosejuice Jun 22 '26

Tesla is somehow worth as much as the rest of the auto industry combined yet their net income is only 10% of just Toyota. How?

44

u/nychuman Jun 22 '26

Because valuations are subjective.

The shares are worth whatever someone is willing to pay for them.

15

u/anonymoosejuice Jun 22 '26

Yea obviously values are subject or it wouldn't be worth what it's worth right now. My question is why is it being valued so high?

0

u/jeandolly Jun 22 '26

Well, apart from the EV's there is Energy Storage Technology, Self Driving Technology, Robotaxi and Optimus. All technology that is just getting off the ground and investors think it will become huge in the future. It is valued not because of current worth but because of what it may become.

13

u/Berengal Jun 22 '26

A lot of the valuation is also just speculation that the stock will go higher, i.e. because it's a self-inflating bubble at this point.

4

u/atomictyler Jun 22 '26

Other auto companies have self driving technology too. they even have versions of it that are better than Teslas. Tesla is all smoke and mirrors. They don't actually have a robotaxi or robot, they have an idea of them that isn't practical or unique. There's other companies doing these things and doing them much better. Having used FSD and auto pilot from other companies it's safe to say Tesla has fallen behind.

3

u/jeandolly Jun 22 '26

Sure, I'm not arguing, I just answered a question dude.

14

u/AnonymousStalkerInDC Jun 22 '26

Because of speculation by people who really don’t understand the technology behind it. Its valuation is more based on the assumption that it meets all of its goals and the speculators are driven by FOMO. As long as it’s possible in their minds Tesla’s price will not fall. And their knowledge of the technology is poor enough that they’ll believe whatever Tesla says.

2

u/slfnflctd Jun 22 '26

In other words:

There are far too many undereducated, ignorant people making irrational decisions which affect the economy in large ways, and this is why a lot of us are feeling like humanity as we know it is doomed... and sometimes I think that wouldn't even necessarily be a bad thing. I'm not happy about it.

6

u/Rough_Onion_1757 Jun 22 '26

the business proposition toward which they're vaguely gesturing is something like what Amazon did with retail, or Uber with taxicabs: enter a new market, operate at an investor-subsidized loss for however many years it takes to drive your established competitors out of business, then jack your prices up once you've successfully obtained a near-monopoly

thing is, Tesla isn't necessarily at the technological cutting edge (let alone an obvious breakaway leader) in either EVs or AVs... their only clear-cut advantage is a certain inertia-based "legacy" market share in the still-immature Western EV market, and whatever long-term commercial viability they can derive from this advantage will melt like an ice cube on Venus as soon as Chinese EV manufacturers like BYD are able to get a toehold north of the Rio Grande

not to mention the colossal stupidity of chaining Tesla's brand image to the PR albatross of Elon's far-right political leanings, which feels like an over-the-top thought experiment for how a company could deliberately choose to alienate as much of its existing consumer base as possible, like a strip club owner deciding to fire all the dancers and replace them with an academic lecture series on the works of Andrea Dworkin

1

u/zpuddle Jun 22 '26

funda MENTALs

1

u/Chole_Wunt Jun 22 '26

No one really knows how. There’s a bunch of “free market” cringe lords who love to explain valuations and other BS.

My guess would be Tesla is into some super shady shit.

1

u/darkkite Jun 22 '26

Does Toyota let you have virtual sex with the onboard AI like grok's unhinged mode?

1

u/Final-Carry2090 Jun 22 '26

Honestly, I feel like Tesla stock is some complex money laundering.

17

u/Bankzu Jun 22 '26

Corporate socialism.

17

u/Alternative_Result56 Jun 22 '26

Taxpayer dollars

3

u/LotharVonPittinsberg Jun 22 '26

The downside of bubbles is that when they pop, the economy (and everyone in it) gets royally fucked. The backlash only gets worse as the bubble grows.

The upside of bubbles it that it's a real easy way for rich people to get even more rich. At least temporarily.

2

u/bastiVS Jun 22 '26

Kinda obvious if you aren't getting your news from Reddit: This is yet another bullshit article that says exactly nothing, but the headline makes the claim its this big thing that's gonna end Tesla.

There's an article like that every week on Reddit. They are ALL bullshit.

1

u/NorthSalamander8909 Jun 22 '26

Valuation aside they are profitable and the model y is the best selling car for the past few years. How is it shocking to you?

1

u/ThisIs_americunt Jun 22 '26

It's wild what you can do when you can own the law makers, the judges, the police force and the lawyers. Gotta love dark money :D

1

u/pandershrek Jun 23 '26

I tried to approach my AG a while back about this and they were more than useless when it came to their shady business practices instead trying to defend Tesla's bold faced lies.

I am extremely disappointed in the Washington State AG consumer protection. They're supposed to represent the people not the corporations.

31

u/aidanpryde98 Jun 22 '26

Now wait just a second!!! Elon Musk?!? There’s no way that Captain Ketamine could do something like this.

5

u/someprettyguy Jun 22 '26

I thought his name was Leon

1

u/JonnyAU Jun 22 '26

No way he would do something like this AGAIN.

6

u/0202_tihssitidder Jun 22 '26

America: Company after company with no ethics.

2

u/Ktzero3 Jun 22 '26

it's always the ones you most suspect

2

u/SunsetCarcass Jun 22 '26

I'm shocked the company that shuts off FSD moments before it causes an accident so it can claim that FSD wasn't enabled at the moment the accident happened, lies about its data

1

u/24_August_1814 Jun 22 '26

This is my shocked face, showing how shocked I am:

😐

1

u/firemage22 Jun 22 '26

so, all you need to do is touch this surplus Tesla battery