Tesla’s value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead::Tesla shares closed Tuesday at just over $233, well down on their 2023 peak of $291.
Tesla’s value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead::Tesla shares closed Tuesday at just over $233, well down on their 2023 peak of $291.
Such a remarkably overvalued company. I’d be surprised if it’s still around in a few decades. Feels like they’re the MySpace of today - they’re big and have first mover advantage but have nothing interesting down the line and newer companies will and are supplanting it.
I don’t disagree with those statements but I’d wait to see what they put out from the Mexican factory considering the labor cost advantage and manufacturing experience they’ve gained. Beyond that I agree that Korean and Chinese EVs seem more put together and well see if we get more when the us subsidies end.
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Elon’s business model was not to be in the car business long term but the your-car-is-also-a-taxi business and reaping the profits of not just selling cars but ride-sharing too. Triple dipping if you count the supercharger stations, basically collecting a fee every time you use your car. I can see the bull run when things are framed from the perspective of magical Christmasland, but there’s a slightly larger than zero but still basically zero percent chance that FSD on Teslas will ever work autonomously and their cars are getting smoked domestically because they have competition now where they didn’t before.
Nothing interesting? They’ve got the Cybertruck!
Not good. But interesting.