Tesla has lost so much value in such a short period of time that JPMorgan analysts said they couldn’t think of another comparable moment in automotive history.
Tesla has lost so much value in such a short period of time that JPMorgan analysts said they couldn’t think of another comparable moment in automotive history.
I’ve been saying for a long time that Teslas ultimate fate was to become just a brand of one of the major OEMs. Unfortunately for Musk he has ruined the brand name and now the long term reality is they will end up being liquidated for patents only, when they fail to compete (by 2035 is my guess)
Up until recently they’ve had no real competition in the EV space, that has forever changed and Tesla has proven unable to adapt.
Musk sullying the brand and his reality distortion field failing will be the final nail in the coffin.
2035 is quite generous
In my opinion, they already started to fail to compete, as they try to cheap out on pretty much everything
They only thing, they still have going is a very good drive train and battery/range - which is obviously very important for a car/EV, but it’s far from the only thing, that matters
They were definitely already on the down trend. They haven’t refreshed their designs at all. Also, they were already marking the cars down to try and sell them.