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Doubt it. Except for CyberTrash and FSD, Tesla cars are pretty good. With that said, I think Lucid is gonna lead the electric car market alongwith Rivian in US if they manage to survive the eventual arrival of BYD.
Tesla's Price/Earnings (P/E) ratio is currently around 235. Industry average P/E ratio for US domestic automotive companies is 15.8. Toyota's P/E ratio is 8.2. BYD, the Chinese electric car juggernaut has a P/E ratio around 22. Tesla's is 10 to 15 times higher. The price of its stock relative to the company earnings is insane against comparables. This is insupportable and non sustainable. Tesla stock is far out of balance. People will say it's a tech company, not an auto company, but, as an ex-supplier to them before I retired, I can tell you their cars are their principle source of revenue.
> sales are down I'm also finding it challenging to get solid indicators on this kind of stuff. The last 3 weeks before this one, the news was European sales of Tesla down by 40%, BYD eating their lunch. This week: Tesla factories in Europe are ramping up production to keep up with soaring demand.
Byd already surpassed them and in China there's multiple players catching up. Without the tariffs tesla would be toast. They are barely surviving in China with its massive marketing lead. We can finally see what happens when you don't have tariffs as Canada is planning on removing its ev tariff in exchange for China buying more produce and energy from them. I don't think tesla will go bankrupt I just think it's value is majority speculation and not a real company. If Elon dies tomorrow tesla probably goes with it.
Buying back 1 billion after selling billions.... Ev competitors: byd, geely, nio, xpeng, xiaomi, Huawei, Hyundai Plus 30 more companies. Self driving competitors: waymo, baidu, pony Ai, weride, zoox. Humanoid robot competitors: unitree, ubtech, agibot, 80 random ass Chinese companies. Then spent billions on dojo only for it to completely worthless and they just used Nvidia instead. They license all their battery technology from catl, Panasonic, LG. So basically they are an energy, Ai, ev, robot, crypto company with no lead or moat in any of the field lol.
$TSLA will be at interstellar💫 levels by the end of September. Melon🍉 is just playing his 420-dimensional chess♟ and everyone that's bearish🐻 is stuck in their plain old X, Y, and Z cartesian coordinate system. We're about to see the new Giga Quebec factory🏭 cranking out Cybertrucks faster than a Starship rocket could launch your mom into geosynchronous orbit🚀🚀. ALSO rumor has it battery day 🔋 in October is going to unveil a new plaid edition LiPo powered dildo that charges⚡ in 69 seconds AND comes with FSD (Full Self Dildoing) 🍆 and Cheetah mode. PLUS unlike companies in Gyna...cough cough BYD(eez nuts) 🥜...Easy E-Muskrat knows best how to run a capitalist business (aka cook the books 👨‍🍳📚).
$TSLA will be at interstellar💫 levels by the end of September. Melon🍉 is just playing his 420-dimensional chess♟ and everyone that's bearish🐻 is stuck in their plain old X, Y, and Z cartesian coordinate system. We're about to see the new Giga Quebec factory🏭 cranking out Cybertrucks faster than a Starship rocket could launch your mom into geosynchronous orbit🚀🚀. ALSO rumor has it battery day 🔋 in October is going to unveil a new plaid edition LiPo powered dildo that charges⚡ in 69 seconds AND comes with FSD (Full Self Dildoing) 🍆 and Cheetah mode. PLUS unlike companies in Gyna...cough cough BYD(eez nuts) 🥜...Easy E-Muskrat knows best how to run a capitalist business (aka cook the books 👨‍🍳📚).
Well it started small back then, also with sub prime loans, i don’t think it will have the same impact but we should never say never.. especially given that the western car companies are already struggling with low demand across the west (and Asia too if we look at BYD and others who perform very well)
$TSLA will be at interstellar💫 levels by the end of September. Melon🍉 is just playing his 420-dimensional chess♟ and everyone that's bearish🐻 is stuck in their plain old X, Y, and Z cartesian coordinate system. We're about to see the new Giga Newfoundland factory🏭 cranking out Cybertrucks faster than a Starship rocket could launch your mom into geosynchronous orbit🚀🚀. ALSO rumor has it battery day 🔋 in October is going to unveil a new plaid edition LiPo powered dildo that charges⚡ in 69 seconds AND comes with FSD (Full Self Dildoing) 🍆 and Cheetah mode. PLUS unlike companies in Gyna...cough cough BYD(eez nuts) 🥜...Easy E-Muskrat knows best how to run a capitalist business (aka cook the books 👨‍🍳📚).
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