Tesla's value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead - eviltoast

Tesla’s value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead::Tesla shares closed Tuesday at just over $233, well down on their 2023 peak of $291.

  • kameecoding@lemmy.world
    link
    fedilink
    English
    arrow-up
    10
    arrow-down
    1
    ·
    1 year ago

    key words being “so far”, Tesla is going to be blown the fuck out of water by what traditional Automakers are starting to offer.

    • aesthelete@lemmy.world
      link
      fedilink
      English
      arrow-up
      7
      ·
      1 year ago

      I’m sure too that there are a lot of prospective EV buyers that are waiting on the sidelines until a more reputable brand has something they like. (I’m one of these people.)

    • Limit@lemm.ee
      link
      fedilink
      English
      arrow-up
      4
      ·
      1 year ago

      This is exactly right, the big traditional auto makers were watching tesla,using them as a research experiment, and now are starting to build out their own EVs. Once it becomes viable for these automakers to produce many modules we will see lots of competition in the market, tesla will be completely overrun. There’s no way tesla can keep up with production powerhouses like Ford, and Toyota.