Tesla is valued at nearly 2x that of Toyota and nearly 10x that of Ford, while struggling to produce a fraction of the cars. It is valued on the idea of growth but it has proven that growth isn’t happening. Also economic downturn. Also other manufacturers are introducing more sensible electric vehicles than they used to. Also Tesla has repeatedly had issues with build quality. It’s starting to catch up with them. Tesla is the My Space of electric cars. It’s necessary to get us over the hump but has no staying power of its own.
Meta has a huge generational problem. Their flagship products are Facebook and Instagram. Facebook is not used by gen Z at all. The writing is on the wall that FB will be a ghost town once millennials turn into ghosts. Instagram is maybe 10 years behind. So Meta is chasing TikTok without realizing that gen Z isn’t using that either and also without realizing what TikTok actually is. Also Meta is bizarrely chasing virtual reality stuff and failing so far to provide any kind of value prop.
Meta has a huge generational problem. Their flagship products are Facebook and Instagram. Facebook is not used by gen Z at all. The writing is on the wall that FB will be a ghost town once millennials turn into ghosts. Instagram is maybe 10 years behind. So Meta is chasing TikTok without realizing that gen Z isn’t using that either and also without realizing what TikTok actually is. Also Meta is bizarrely chasing virtual reality stuff and failing so far to provide any kind of value prop.