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.
Tesla surely benefited from being the first to market with a mass scale luxury EV. But they still have SERIOUS quality control issues. And putting all the controls in a touchscreen is a gimmick that has worn off. The major players were slow to catch up, but when they do get products to market, they are more reliable and easier to use.
Tesla is not improving on core issues fast enough, and it is going to cost them in the not-so-distant future. I think we are seeing it already with Hyundai. They are the new EV darling. And I do blame it on Elon Musk. Dude is spread way too thin, and has become way too dysfunctional and delusional to successfully lead any company.
If anything, Musk spreading himself thin helps the corporations… He’s literally banned from personally tweeting about SpaceX. They have to be approved first. The less he talks about Tesla, or does anything else to it, the better for Tesla.
I think you mean Musk’s dysfunctions and delusions have become too public to successfully “lead” any company.
I drive a Tesla, and I can definitely say they’re very overpriced for what they are. I also hate the association with Musk. But… I’ve driven a few other EVs over the last few months and ffs… the mindnumbingly stupid decisions in their control software is frankly unforgivable. It feels those cars are still designed by and for people who didn’t have internet in their 40s. For example: all of them don’t remember some or all of the driving characteristics I set them to (regen breaking strength for example). It’s idiotic. And they all use some processor that’s out of date even for phones generations back. And that car is supposed to last 10 years??? Why? On the face of it, I don’t particularly like Tesla, but damn the competition is doing everything they can to stay behind, it feels…
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.
Nothing interesting? They’ve got the Cybertruck!
Not good. But interesting.
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.
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.