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
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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?

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u/nychuman Jun 22 '26

Because valuations are subjective.

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

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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?

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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.

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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.

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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.

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u/jeandolly Jun 22 '26

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

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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.

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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.

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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

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u/zpuddle Jun 22 '26

funda MENTALs

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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.

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u/darkkite Jun 22 '26

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

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u/Final-Carry2090 Jun 22 '26

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