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 22:04:14
in reply to nevent1q…k88y
Author Public Key
npub154pctaljw8zq4qa8rgeut79tvw3qkxml6vyr58zz88qjz3q97tgqf0gwlyPublished at
2024-06-12 22:04:14Event JSON
{
"id": "0a10831bfdfa658d56d09b5993a8104d0f75b9c38f55bb4aef6f338358175e49",
"pubkey": "a54385f7f271c40a83a71a33c5f8ab63a20b1b7fd3083a1c4239c1214405f2d0",
"created_at": 1718222654,
"kind": 1,
"tags": [
[
"proxy",
"https://social.linux.pizza/@marjolica/112605439902791369",
"web"
],
[
"e",
"8a3300e65635af82e4a646f1c947b4d2e5ff08592df98ad957889866025c7d38",
"",
"reply"
],
[
"p",
"a54385f7f271c40a83a71a33c5f8ab63a20b1b7fd3083a1c4239c1214405f2d0"
],
[
"p",
"d530b7d6cd1741e72c1002ee0ebad4c1104eed09e418fdd76352f9005f7561ce"
],
[
"e",
"330fff204119c32da6320114e62b9ac98e1f05ef87bbcf8b0308be3c2d2610a2",
"",
"root"
],
[
"proxy",
"https://social.linux.pizza/users/marjolica/statuses/112605439902791369",
"activitypub"
],
[
"L",
"pink.momostr"
],
[
"l",
"pink.momostr.activitypub:https://social.linux.pizza/users/marjolica/statuses/112605439902791369",
"pink.momostr"
]
],
"content": "I agree the fundamentals are not as awful as Truth Social's, but both are grossly overvalued 'meme' stocks.\n\nAt the moment Tesla's EV sales continue to fall, while the established players are mostly doing very well.\n\nhttps://arstechnica.com/cars/2024/06/ev-sales-slowdown-is-mostly-a-tesla-problem-according-to-sales-data/\n\nWhen 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.\n\nhttps://www.cnbc.com/2021/05/18/tesla-electric-vehicle-regulatory-credits-explained.html\n\nThe 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).",
"sig": "bf3b70c45e4bda5f975d393202c0fc51bcdf2edaf7f89247cc4a166473a1c73276ff01566286a7cad251d85a464be68f1469d24b9662a975d5b26816b061da7a"
}