I agree the fundamentals are not as awful as Truth Social's, but both are grossly overvalued 'meme' stocks.
At the moment Tesla's EV sales continue to fall, while the established players are mostly doing very well.
https://arstechnica.com/cars/2024/06/ev-sales-slowdown-is-mostly-a-tesla-problem-according-to-sales-data/
When Tesla dominated US EV sales I gather it did good business selling tax credits to other manufacturers, like GM, who were trailing their EV targets but now they are catching up that is no longer the case.
https://www.cnbc.com/2021/05/18/tesla-electric-vehicle-regulatory-credits-explained.html
The only growth area recently has been in public chargers, and Musk, in a huff, recently sacked his entire charger network team (but has then had to rehire some of them).
MarjorieR /
npub154…0gwly
2024-06-12 20:04:14
in reply to nevent1q…k88y
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wss://relay.nostr.bandPublished at
2024-06-12 20:04:14Event JSON
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