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this post was submitted on 14 Mar 2024
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Enough Musk Spam
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I doubt it. I suspect a lot of their value is in the hype and perceived value Elon himself brings. I think investors buy his "I'm an engineer" bullshit.
There is def hype. But which American company has the infrastructure to actually compete with EV cars right now? Sure their cars are garbage and downright terrible right now. But so was Toyota when they first was introduced.
Investors are banking on the long term which is their battery production and battery tech.