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.
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.
Tesla surely benefited from being the first to market with a mass scale luxury EV. But they still have SERIOUS quality control issues. And putting all the controls in a touchscreen is a gimmick that has worn off. The major players were slow to catch up, but when they do get products to market, they are more reliable and easier to use.
Tesla is not improving on core issues fast enough, and it is going to cost them in the not-so-distant future. I think we are seeing it already with Hyundai. They are the new EV darling. And I do blame it on Elon Musk. Dude is spread way too thin, and has become way too dysfunctional and delusional to successfully lead any company.
If anything, Musk spreading himself thin helps the corporations… He’s literally banned from personally tweeting about SpaceX. They have to be approved first. The less he talks about Tesla, or does anything else to it, the better for Tesla.
I think you mean Musk’s dysfunctions and delusions have become too public to successfully “lead” any company.
I drive a Tesla, and I can definitely say they’re very overpriced for what they are. I also hate the association with Musk. But… I’ve driven a few other EVs over the last few months and ffs… the mindnumbingly stupid decisions in their control software is frankly unforgivable. It feels those cars are still designed by and for people who didn’t have internet in their 40s. For example: all of them don’t remember some or all of the driving characteristics I set them to (regen breaking strength for example). It’s idiotic. And they all use some processor that’s out of date even for phones generations back. And that car is supposed to last 10 years??? Why? On the face of it, I don’t particularly like Tesla, but damn the competition is doing everything they can to stay behind, it feels…