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Joined 3 years ago
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Cake day: June 9th, 2023

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  • TSLA is down about 30% from 6 months ago, and down about 18% from 1 month ago.

    But, it’s still MASSIVELY overvalued.

    The typical, basic way to value a stock is with its P/E ratio. The price of the stock compared to its earnings per share. Even after this “bloodbath”, Tesla’s P/E ratio is approximately 175.

    What’s a P/E ratio for a typical well run car company? Toyota’s P/E ratio is approximately 10. GM’s P/E ratio is about 35. Mercedes-Benz is at about 9.

    Tesla just had a disastrous earnings report. The Cybertruck was the least successful automobile ever produced. The man most associated with the Tesla brand is toxic to the left, and the people who might want to buy a pricey EV are mostly lefties. To me, the highest Tesla’s P/E ratio should be at this point in time is maybe 10. To achieve that, its price would have to be approximately 1/20th of what it currently is. It would have to lose 95% of its current value. And, that would just be treating it as a reasonably well run car company that maybe had an off quarter.

    Looking at it another way, Tesla sold approximately 1.5 million vehicles last year. Toyota sold about 10 million. If investors were sane, Toyota would be valued at approximately 7x Tesla’s value. Instead, Tesla is valued at $1.2 trillion, but Toyota is valued at only $200B.

    Right now, 1000 shares in Tesla would cost you about $300,000 USD. If someone offered to sell me 1000 shares for only $3000 USD, on the condition that I couldn’t sell them for 10 years, I wouldn’t buy them, even at a 99% discount. I honestly don’t think Tesla is going to exist in 10 years.




  • Snaps, and things like it, are really the only one I can blame on “Linux” (or at least Linux distributions).

    I’ve had annoying headaches with drivers for 20+ years, but I expect that because Linux just doesn’t have enough users for most companies to bother making sure they have working drivers for Linux. I’ve been annoyed when some software or some tool or process isn’t as polished as the Windows version. But, mostly that’s something I got for free thanks to someone donating their time and effort, so I don’t want to complain about that.

    But, I hate it when a major Linux distribution decides they’re going to ignore the standard way of doing things and only do things in their unique way. It often seems like one vendor / distributor is trying to build a walled garden and lock people in. It’s similarly annoying when vendors try to funnel people towards their “enterprise” version by making it harder to install certain apps that are “enterprisey”.

    I get that it’s hard to make money selling Linux distributions. But, that’s what you signed up for. You don’t get to start behaving like Microsoft because it turns out to be hard to sell open source / free software.



  • Is it your display driver that’s freezing? I’ve never had issues with one thing freezing the PC. The only time I’ve had it seem like that was the case was when it was the nVidia drivers that were having issues. But, that situation is much better than on Windows because I was able to SSH into the machine and everything seemed normal over an SSH connection. It meant I could shut things down gracefully and then eventually do a clean reboot. Meanwhile, the screen still looked as if the computer was locked up.









  • No, private property is things like a coat and shoes.

    If someone owns an industrial lemon juicer, that’s part of the means of production, and must be collectively owned. Sorry Jenny, you can’t have a lemonade stand.

    In fact, Jenny’s parents are allowed to own a small lemon juicer as part of their personal property. But, if Jenny tries to use that juicer for her lemonade stand and charges money for her lemonade, that juicer is now part of the means of production (as are the lemons) and she’s now operating an illegal enterprise.

    The USSR and other supposedly “communist” governments all eventually allowed some capitalism in their economies, because 100% pure communism simply didn’t work.