Oh and did anyone spot the "1 Unfavorable Trend?" in the article?
It's unlikely any of the above will send Tesla stock skyward in the near term, but the 21% decline this year -- and the broader 52% drop from its all-time high -- could serve as a great entry point for investors willing to hold for the stock long term."
Despite very heavy promotion from governments around the world... the entire EV Market has lost much of it's appeal to consumers. The Motley Fool has been a long term supporter of Musk and Tesla but even they are having a hard time putting a happy face on this.
It’s energy divison hasn’t even started.
Oh and did anyone spot the "1 Unfavorable Trend?" in the article?
In before the many FReepers talking about all the money they lost, erhh ... MADE on Tesla stock.
“The Green Energy Transition” is a top-down, progressive social-engineering scheme. It is not based on human nature or in economic reality.
DC Marxists were able to force this scheme on Americans when interest rates were zero, debt was relatively low, globalism allowed for the cheapest inputs from anywhere (mostly China), the USD reigned-supreme, we had world peace, and oil costs (the base of green-energy) was very low.
All those things have reversed. We now face bloated debt and debt-service costs, war, inflation, and de-globalization. We are still coming to grips with the de-industrialization of the USA and the West.
DC marxists will continue to push their social-engineering schemes, but they will face push-back and even violence.
The results are finally being revealed of how bad a battery car is.
Tesla hybrid! That’s the answer.
Strange that 38% growth isn’t enough. I guess Bernie Madoff wasn’t so crazy.
You’ve been enjoying a nice markup when you can lower prices by 25% and still make a profit.
Is this it?
The EV fad is over.
Tesla is a well-executed example of a flawed concept (universal electric power for over-the-road vehicles).
Nothing is wrong with having a Tesla. You can use it in Maryland or Missouri for the things people in Florida use golf carts for. It’s more than an upgraded golf cart, it’s an actual car.
But it’s not acceptable (yet) for long-range working use - if you want it for your vacation and can suss out the recharge options, that’s fine I suppose.
But the two killers for a universal rollout are value going to zero or a negative number when battery replacement is required, and power generation for a million EVs, or ten million for that matter, in NYC or LA.
That electric infrastructure will never be created, and everyone knows it.
Elon Musk is no longer even a passive Obama-Biden supporter. The Washington New York financial-tax-industrial-government complex is fighting him in every law they pass, every sentence they write, and every breathe they take.
For the broader mass market, we’ve entered the EV “tough of disillusionment”, not good enough for many to switch. Over time they’ll become the norm, it’s inevitable imho - but only as battery technology/safety, charging availability, and the ability of the grid to support it can improve - which is going to take a lot longer than the greenies believe.
We’re going to have a broad market of various technologies to choose from, which is how it should be. While I only have ICE vehicles, including a V8 BMW M3, I might soon purchase a Bolt for around town - or a Volt style hybrid, so you can resort to gas if you have to.
Toyota is going big on hydrogen, both for ICE based engines and fuel cells. This also has infrastructure challenges...but also gives you the 5min fill up where available.
Tesla specifically, they’ve enough profit margin room per vehicle, they can cut prices if needed, although the rumors of a cheaper, entry level, EV are probably true.
