"This is yet another big bet on AI, as the whole industry is pitching an Underpants Gnomes-style business plan where they build a bunch of data centers far outpacing the present-day demand for AI, have no fucking idea what to do next, then claim we will enter an age of unprecedented prosperity. AI is definitely here to stay to some degree, and OpenAI advertising themselves this week as too big to fail is one example of how we're stuck with it,"
"And Tesla is a loser. It's a carbon credits company that sells a couple of cars and launched a truck so shambolic and dangerous it makes the notoriously combustible Ford Pinto look like a Boeing Dreamliner by comparison. I have lived the lesson of never short a cult, and Tesla is the ultimate proof that the market can stay irrational longer than you can stay solvent,"
Elon Musk predicted 200,000 Cybertruck sales in a year, yet last quarter Tesla sold only 11,642 combined Cybertruck, Model S, and Model X vehicles. Tesla’s board considered replacing Musk in May 2025 but later approved a compensation package that could be worth up to $1 trillion if the company achieves extreme market-cap growth over the next decade. The industry is making massive AI infrastructure bets that outpace present demand and risk mirroring the dot-com bust with many losers. Tesla is characterized as relying on carbon credits, selling relatively few cars, and launching a truck described as shambolic and dangerous. The market can remain irrational for a long time.
Read at Jezebel
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