Interesting to read that the article completely fails to explain why the sales drop in other parts of the world (than the US) and how that might be linked to his nazi salute or anything related to his political views.
If that is peak journalism, then its not surprising that analysts from the states get things wrong these days.I mean, none of these people ever question Tesla’s valuation in the first place. Why is the stock losing all of this value?
Maybe it’s because Tesla sells a tiny number of units, cannot turn a profit without government subsidies, and produces by most accounts a really meh fleet of vehicles. There was no sane reason for it to be valued equally to the rest of the auto industry combined.
Even at half that value today, the number is beyond unjustifiable.
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i just had a moment of clarity - there’s absolutely nothing stopping me from linking goatse instead of rickrolls on lemmy, the internet can finally heal.
Sounds like you’ve achieved goatse post-nut clarity.
And it’s still way overvalued. Market cap greater than Toyota? Good one
If I was a stockholder I would be suing the board for mismanagement— we all know what the solution would be: get ride of #Musk.
From what I understand Musk and Larry Ellison are no longer the largest stock holders so for them not to get rid of him from management and the board is pure breech of fiduciary duty to the stockholders
It is merely back to pre-election levels. However it does look like it will keep declining.
Those are rookie numbers. Let’s go further.
