The interesting part of the story is not so much that Tesla is losing -- it's who is winning. Electric vehicles are in MASSIVE demand throughout the world. The USA has responded more or less by putting an iron curtain in place against BETTER electric vehicles produced elsewhere. Sure, our governments use some scary words around Chinese imports, but look at their cars in isolation, especially BYD. By almost any metric you can imagine, BYD products are superior. The USA is temporarily putting their head in the sand about China. However, make no mistake, in other markets where there is FAIR competition, America's lunch is getting eaten. This cannot go on forever. Hopefully our US auto producers get their heads out of their ass and start competing instead of relying on tariffs to level the playing field. Tarriffs can make Tesla competitive domestically, but if you want to dominate the world, this is almost certainly not the way forward.
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And they haven't even slapped a bunch of tit-for-tat tariffs on them yet.
Good keep it going!
Well, I think I'm pulling the plug too finally and offloading my Tesla to some poor shmuck. Just too many things.
I hope some dealership will give me money for it.
The EU has so many much better EV makers it is crazy. Siemens, Altsom, CAF or Talgo are superior in every way.
Are you expecting someone to say "I never heard of those" so you can share some gem of niche industry knowledge with us?
Sigh. Alright. "I never heard of those".
Hint: None of those companies make electric vehicles.
What do you mean? Trains are vehicles.
Sure, but that’s not relevant. Unless you’re suggesting that people buying a train is a better idea than buying a Tesla.
I think they were suggesting that in Europe there's a way best passenger train network and it's possible to live without a car.
I guess that makes sense.
I work in tech in Germany. My coworkers and I are the ideal Tesla customers. Nobody I know would consider buying a Nazi car.
Sadly, he's already tapped the US Treasury like a Keg.
Any day now, Elon Musk’s failures will catch up with him and then we can dance on his grave of failure.
Stupid nerd who never accomplished anything!
The people who buy electric vehicles are left-leaning people who believe in climate change. If I were a major Tesla shareholder I'd be howling to have Musk ejected while the company still has a chance to retain some goodwill.
Why? Shareholders do not care about the health of the company so long as its stock price is high. And Teslas stock price is not based on any fundamental principle of investing.
Their market cap, or the total value of all their shares, is currently worth more than the next 30 largest auto manufacturers COMBINED.
Let me put it this way: Every single car sold in the United States this year could be made by Tesla and they still wouldn’t even be close to being worth what they are right now based on company fundamentals. Thats how insane this is. Shareholders of the company couldn’t be happier and yet their company is declining in sales and killing off its customer base. Absolutely insane.
People are still betting big on Tesla’s self driving and other technological advances.
Value of a stock isn’t just the current market success, but also perceived future value.
That said, Tesla is overvalued for sure.
I'd say they're more betting on his ability to convince road safety regulators to allow his automated death trap Johnnycabs onto American roads.
That sounds like a bubble that needs a pin 📌
Couldn't happen to a "better" man
Not many people want to be seen in a nazi car. Between that and twitter, the babyllionaire douche is really demonstrating his genius.