Quote:
Originally Posted by Erick Estrada
The Model Y rollout was a disaster with people refusing delivery and complaints all around regarding poor build quality. Normally a botched model rollout results in stock prices dipping. For Tesla the exact opposite occurs. You could conclude that the worse the quality of vehicles you build the higher the stock prices.  Truthfully it reflects the hype as the Tesla fanboys are incredibly vocal. |
I think your post exemplifies the thinking of people who don't understand the Tesla valuation, and are quick to dismiss it all as simple Tesla fanboy hype while choosing to remain confused and/or shorting the stock.
The "poor build quality" is overstated and taken out of practical context, especially in terms of actual car drive-ability. The overwhelming majority of the complaints are cosmetic (paint, gaps), annoyances (squeaks), complexity (too much tech for grandpa) or underwhelming dealership experience (very non-traditional and limited). But these are nothing that actually leaves the car broken down on the side of the road, stuck at the mechanic for weeks, requires an overbearing maintenance schedule, or compromises safety. The actual driving experience is fun and highly reliable, which is what counts the most at the end of the day. In my opinion this is actually in contradistinction to it's luxury segment counterparts like BMW and Land rover. I'll take an extra 3mm of rear panel gap on my Tesla over my former M5 which was literally in the shop every couple of months.
No question that TSLA valuation is partially buoyed by the intangible Elon mystique, and does not conform to traditional valuation metrics. However, at the end of the day the cars are still a great product based on what actually matters, and it's the undisputed king of the EV segment which is so hot right now and growing exponentially into the future. You also need to see past just the cars, and recognize the other potential standalone product$ like the batteries and charging technology, and cross over from SpaceX.