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’m sure they’ll be around, but I don’t get how their market cap was more than every other car company combined.
Did people think they made something other than cars, because even if they were the only car company making sales they still wouldn’t be worth that price.
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.
People have been saying this for years now. This site is something else. Top posts related to climate change while at the same time bashing Tesla, the number one producer of EVs and arguably the reason why all automakers are now making the transition to clean energy. All of this because the CEO is a fucking horrible person. Guess what? Almost every product you have in your home or have ever used came from a company that had a terrible human being as their CEO. Tesla’s sales have been growing each year. They’re building a new plant in Mexico. A few decades? So, 30 years from now? Wow, what a ballsy prediction. /s You could, literally, insert any company’s name in there. If climate change goes as predicted, Tesla being around will be the least of everyone’s worries.
That’s what will really take the comparative stock price of actual automakers into the stratosphere with Tesla you guys, a fucking factory in Mexico. How could Ford or Hyundai match having a factory in Mexico?!
Lol, the last Ford I bought (shit car btw) was built in Mexico. Tell me again why Tesla has 20x the market cap of Ford because it surely ain’t factories in Mexico.