BLeP wrote:
Replying to last.
Tesla down to $161.
"It's a growth company with no growth"
- Wells Fargo analyst Colin Langan
To be fair this is hitting the whole EV industry. There is still growth, but it is slower linear growth, not the crazy growth that Tesla's stock price was based on. Musk said the new, $25K vehicle would be released in 2025, but then said "grain of salt," (as if we need to be reminded at this point - at least he's self-aware) which probably means 2027 or so.
But by then BYD may have made inroads in global markets at that price point. Or lower. BYD said they're not going to attempt going after the U.S. market. But then they said
they're going to bulid a plant in Mexico. Which is an indication maybe they're lying. If they try to enter the U.S. market expect Musk to switch from his "hate the government" mode to his "love the government" mode as he lobbies hard for protectionist tariffs on imported Chinese EVs. (Which, to be fair, I think a reasonable tariff makes sense to protect U.S. laborers from the lower-standard-of-living foreign laborer).