Why Tesla’s Stock (Still) Has Further To Fall
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- Опубликовано: 4 апр 2024
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The most recent quarterly results at Tesla don't look good. With deliveries falling and demand tanking, the companies stock price fell too. So in this video we explain what went wrong at Tesla and why the once dominant electric car company is in trouble
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their stock was like 500% overvalued based on expected growth
Well, right now everything having AI in their name is overvalued. The problem is, that people seem not to see that Tesla is in fact AI company. No other car manufacturer is even close to Tesla when it comes to self driving capabilities, which is pure AI...
Based on what data?
@@RichardPeterShon Based on their FSD, and the fact their fleet is collecting driving data all around the globe. Data collection, according to Andrej Karpathy, is the key for successful autonomous vehicle solutions.
@@RichardPeterShon the calculated value of all assets that Tesla actually has, and the net income of the company didn't deserve prices that high
this is actually why Musk bought Twitter at the time he did, he wanted to dump the tesla stock while it's high
@@damian1690 no Tesla is gonna lose that race their self driving cars are technically inferior. They need a human to be more active than others and only use cameras and not more sensors like their competition. Don't forget Mercedes was first to level 3 self driving cars. They may have a lead in somethings but they are fundamentally at a disadvantage due their system inputs.
Tesla stock swings too much to calmly accumulate and hold, After buying TSLA shares for just over 10 years, i'm struggling to make gains presently. How do i adjust or revamp my $2M portfolio? Should i consider some defensive investments?
Everyone needs a Margin of Safety in their portfolios and just remember, It's time in the market versus timing the market.
Certain Ai companies are rumoured to be overvalued and might cause a market correction, i think it’s best you reach out to a proper fiduciary for guidance
De-risk your portfolios, shore up your core holdings, and take some profits while balancing your portfolio allocations. I’d also suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I. We've made over 80% capital growth minus dividends.
this is all new to me, where do I find a fiduciary, can you recommend any?
She goes by ‘’Sharon Lynne Hart” I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
The stock is in decline, because it is still massively over valued
Actually it's incredibly undervalued. Your bias is erroding your logical thinking. Either that or you just have an opinion about something you don't actually understand.
It is obvious that Tesla will be the first company to create fully self driving A.I.
When this happens Tesla's A.I will essentially become the windows of the car sector and will be licensed by other manufacturers.
They are also the only ones with infrastructure so other companies need to licence it. Essentially all cars will eventually become Electric and Tesla has captured the entire infrastructure, software and innovation - by being the only ones to invest before it becomes mandated.
The only issue here, for Tesla, is when the US government step in to require Tesla to follow fair competition laws, by providing the licencing and infrastructure at drastically reduced pricing.
Could you care to explain?
They make the most EVs and actually make money on them.
They have the most efficient EVs on the road.
They own the most reliable charging infrastructure.
FSD V12.3
They are entering the pickup market with Cybertruck, which will sell like hot cakes.
Next gen vehicle coming next year
I'm confused by your comment.
@@FightTheByte_ coping much?
@@snafu1635 coping about what? 😂
muskies desperately trying to justify how a car company that barely sells any cars should be valued in the billions
Honestly, this concerns me and has left me uneasy. Especially this potential depression, no more a recession. I'm unsure about my $130K account strategy, considering the uncertainty of this whole recession mostly.
If you lack knowledge about market investing tactics, get advice from a financial counselor.
Agreed! this is why I work with one. My $520k portfolio is well-matched for every market season yielding 85% rise from early last year to date. I and my advsor are working on more figures for this year. IMO, financial advisors are the most sought-after professionals after doctors.
@@kurtKking I could really use the expertise of this advsors.
Her name is 'Michele Katherine Singh’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks
I think it's important to stick to stocks that are immune to economic policies. I'm looking at NVIDIA and other AI stocks. It seems AI is the trajectory most companies are taking, including even established FAANG companies. Maybe there are other recommendations?
I bought into NVIDIA around September because my financial advisor recommended it to me. She said the company is selling shovels in a gold rush. It accounted for almost 80% of my market return this year.
@@DerekWelch-sk5pf That's a great analogy and I love the insight. Professionals could make a really big difference in investing, and I think everyone should have one. There are aspects of market trends that are difficult for the untrained eyes to see.
@@PaulaOdom-bf8vv One of my goals is to employ the service of one this year. I've seen some off LinkedIn but wasn't able to get a response. Would you recommend who it is you work with?
@@JamesBarnes-rz8yr 'Kristin Gail Cunningham' is the licensed advisor I use. Just research the name. You’ll find the necessary details to work with a correspondence to set up an appointment.
@@PaulaOdom-bf8vv Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible.
Elon Musk showing his true colors hasn’t helped either😂😂😂😂😂
I thought that denouncing the toxic woke culture would make Tesla better.
@@hydoffdhagaweyne1037Except that the toxic wokes are way more likely to buy teslas, or any EV. Possibly an issue with inflaming half the population.
@@hydoffdhagaweyne1037 The night is darkest before the dawn.
@@hydoffdhagaweyne1037You thought rednecks bigots like you were the one buying electric cars ?
@@hydoffdhagaweyne1037
The Ferengi rules for aquisition state war is good for bussiness... from a distance. Geting involved in a culture war either way is not good for any company.
Tesla valued at the same as the rest of the car industry in the US combined. Has 4% Market share.
This is absolute insanity
...but you know...They actually lead in EV market share...You also know that the future will be electric + plus energy + fsd + all the tech, you know all of that and u still chose to post that s*ht
@@hydoffdhagaweyne1037Agreed
@@hydoffdhagaweyne1037 if he had succeeded in making a full self driving car, then it might have been reasonable. That would have potentially changed the entire car market. But he failed. And still pretends like it is just around the corner.
@@ThatGuy-bz2in I don't see Elon or any other company under his leadership succeeding in making self-driving cars. Yeah, he failed, and I think it's a matter of time before Tesla's stock price gets corrected by the market. Self-driving cars will be achieved by AGI.
Another factor is competition
Tesla went from one of the only well-known EV producers to one of many, and Elon's reputation has made many interested customers look to the alternatives
And what did shareholders think would happen? That Tesla would stay the only EV maker forever and will somehow sell more cars than VW, Mercedes and Toyota combined? Thats would have been needed to explain its share prices. Tesla isnt Apple and is simply selling cars, there is not a high profit from selling cars and there never will be, nice software in the car or not
I was just in Vietnam last weekend! It was my second trip and the last one was in 1998. A lot has changed.
@@_Dibbler_ The only other EV producer that produces at mass is BYD. Tesla produces more EVs in a year than VW, Mercedes and Toyota combined.
The only competition is from China, and they are in deep trouble. Only BYD makes a profit, and many companies are going bust. Tesla has the upper hand in so many ways, yet people are still saying it's over priced and is in trouble.
2 things I'm surprised you didn't mention here:
1. Elon Musk's reputation. Personally I have just ordered a new electric car, and one factor swaying me away from Tesla was that I don't want to be supporting that absolute idiot.
2. Other manufacturers catching up. Tesla used to be a no-brainer if you wanted a decent electric family car. Now there are loads of alternatives. I've ordered a Lexus RZ 450e, but was also looking at VW ID.5 or ID.7, Nissan Ariya, Hyundai Ioniq 5, Kia EV6 and Audi Q4 E-tron. Tesla Model Y was on my initial longlist, but unlike 2 years ago, there are loads of really suitable (and better in many ways) alternatives.
Same here. I was a HUGE Elon fan boy back in the day and dreamed that my first EV would be a Tesla... 2 years ago I bought a Kia Niro EV over a Tesla Model 3 because I cannot stand Elon for 1 minute! He's COMPLETELY lost it!
No u did not🤣....So u did not get a Tesla , just cuz Elon says stupid stuff, OMG...."better EV alternatives" & "catching up"🤣 ...right , Id pay to see your face when u go with other ev u chose to charge at Tesla's stalls, you know cuz all the other car makers u just listed dont really care about ev's to be botherd to build actual infrastructure.....Dude you just screw your selfover.
There is a 3rd factor that is very important to mention. Most people who were buying electric vehicles were early adopters. Most of those people that wanted an electric vehicle now have one.
Tesla now needs to convince the general consumer that electric cars are worth while and need to educate them on why they should pick a Tesla over something other company.
I had some interest in making the move to Electric until I saw just how poorly charging infrastructure is maintained and the lack of it. As such I have much more interest in something like a plug in hybrid where I can have the best of both worlds.
That being said I’m not planning to buy for a few more years till auto manufacturers figure out their designs I would love to go with Ford if they can bring back something like the Focus in design but as a hybrid
And which one of this companies are trying to solve the issue of charging infrastructure? As far as I am aware, they all gave up and are now paying Tesla to use their superior fast charging stations. It will be exactly the same with the self driving capabilities - while they are focusing on selling cheap petrol cars, Tesla is keeping selling modern, electric, full of tech cars, which are collecting data 24/7 from millions of cars. No other manufacturers have access to such huge data base. Hence they will be paying for this services soon enough, as well :P
Those were all funded by government grants, not by Tesla. If they didn't have the Tesla name on them they'd just be called something else.
Tweeting bollocks is a full-time job for Musk. Tesla is the side hustle.
Elon Musk has lost his damn mind. That is what has gone wrong at Tesla. And Musk seems to care more about Twitter than Tesla.
I mean that obviously helps explain why the fall is happening now. But Tesla stock was always a bubble waiting to burst. It was always insanely over valued on the basis of cult like hype and snake oil tactics. If musk hadn’t gone off the deep end then he might have been able to keep the bubble growing a bit longer. But continuous failures to deliver the world changing new technologies he’s been promising to roll out next year since 2017 and the interest rate hikes would have always meant this stock would be on the fall by now. The peak might just have been a year or so later if musk hadn’t bought twitter and revealed his true form
I'm thinking of putting some cash in stocks, I was at Salt Shack and I overheard some friends saying it's ripe enough, but Is this a good time to buy stocks? I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
The safest approach I feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. it's important to seek the guidance of an expert.
@@BrendaMorales-tr1lx The reason I decided to work closely with a brokerage adviser ever since the market got really tense and the pressure became so much(I should be retiring in 17months) so I've had a brokerage adviser guide me through the chaos, its been 9months and counting and I've made approx. 650K net from all of my holdings.
@@MarieSmith-xe8bl How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
@@JosephBrannigan-df3gn Credits to "Kristin Gail Cunningham", she maintains an online presence. Just make a simple search for her name online.
@@MarieSmith-xe8bl This is useful information; I copied her full name and pasted it into my browser; her website popped up immediately and her qualifications are excellent; thanks for sharing.
Canadian millenial here. This situation is a result of the wealth gap.
Boomers bought like 5 times as many cars as their counterpart millenial does. The auto industey expects to sell cars like every driver is a boomer but thats not the case anymore.
I don't want to downplay the wealth gap as a Gen Xer. You guys got screwed, no argument. But you're also not nearly as emotionally invested in cars as Boomers were, as I understand it.
@@saoirseewing4877
More and more people don't care about driving a manual transmission car and in fact don't want to drive a manual transmission car and I suspect that a lot fewer young people and teenagers want to spend their time working on their car compared to 50 years ago.
Young people just want a car to get them from A to B and (depending on the city) are much happier now to get around on foot or by public transit.
And unlike some baby boomer men I don't think that many young men will care if self driving cars do all the thinking and work and take the driving experience away from them.
To older men who find that outrageous I ask if they walk to the local creek with a bucket to
"be a real man" and get their own water or do they just use the water that the government sends through pipes straight to their kitchen sink?
You can buy a *off the shelf bumper sticker* for Tesla's that says _"I bought it before I knew how awful he was"_ with a caricature of Elons head.
HAHAHA - this was my comment: *What's Gone Wrong at Tesla...?* Elon Musk bought Twitter and showed us his personality
My sister cancelled a Mod 3 - solely for the reason she owns a martial arts school and some of her customers might be upset. when you own a business you cant have your car saying controversial things about you.
If you knew other CEO's political opinions you would probably hate them too.
@pistolen87 That's the point - _we don't know their views._
They aren't Proletizing and tying their brand to a particular ideology.
"Nissan - for when you agree with Andrew Tate..." /s
The thing with Tesla is that nothing really needs to go wrong for them to lose massive parts of their valuation since they are still massively overvalued
The problem is that it was a bubble.
Like Nvidia
@@user-op8fg3ny3j Nvidia is insanely undervalued
@@user-op8fg3ny3j NOt NVIDIA, nvidia sold lots of GPU to Microsoft azure and OpenAI , At least MS,OPenAI and google put money for AI research nvidia is safe
The stock was overvalued and Musk’s apartheid South African opinions aren’t doing the company any favors.
Man child as the CEO.
Focusing on Cybertrunks and Semi's + roadster, as opposed to a more affordable budget car.
China has beaten him at their own game
In addition to cost, the decline in Tesla's sales can, in part, be attributed to the growing consumer frustration over issues related to the right to repair. Tesla, like some other manufacturers, has faced criticism for its restrictive repair policies, which limit owners' and independent shops' access to necessary repair information, tools, and parts. This approach not only inconveniences Tesla owners but also potentially increases the cost and time needed for repairs. In an era where consumers are becoming increasingly aware of and concerned about their rights and the environmental impact of their purchases, such restrictions could lead to negative perceptions of Tesla's brand. Customers are showing a preference for companies that empower them with more control over their purchases, including the ability to repair products affordably and efficiently. Consequently, Tesla's stance on repairability could be a significant factor contributing to its dipping sales, as consumers look to brands that better align with their values around sustainability, cost-effectiveness, and autonomy in repairs.
Phony Stark's running on Special K and "L's"
"Phony Stark" that's delightful! Great start to my day!
Watching the reviews of cyber truck really didn’t help my perspective of Tesla.
We all expected self driving robo taxis.
I believe that back when milkmen used horses the horses
knew what homes to stop at so at least there was that.
Well, they changed the lights on the 7 year old model 3. How much more progress do you want? 😂
The disappointing thing is, I actually like the cars but can't stand Elon.
Same 😓
Honestly the cars suck too. Tesla's do have some really nice features on them, but anyone who owns one will tell you.There is always going to be something small wrong with it. The build quality is just mediocre Especially for a company that is charging such up market prices
I didn't know this was a thing, that if you dislike a CEO of a company, you don't buy their products. I personally don't get that emotional. When a product is good, I buy it regardless of who is leading the company. I find that it makes my life much simpler.
@@chillout1109 Same. Steve Jobs and Bill Gates are both terrible human beings but I buy Apple and Microsoft products
@@chillout1109 When the CEO of a company makes themselves the spokesperson and sells the products based off their charisma, then people equate the product with them. If they do stuff people don't like, they stop buying the product. That's the risk of building a personality cult as a CEO of a consumer products company.
It is only a tech company if their tech works. How is FSD and the TeslaBot coming along?
FSD has gotten significantly worse since 2022
@@Jupa where are the RoboTaxis?
The factory near Berlin wasn’t directly attacked as it sounded during the intro. People attacked the power line connecting the factory. That‘s a very big difference
Can't stand Tesla, but no power, no factory?
@@stuartburns8657 Pretty much, yes. But no power is way less serious and easier to fix than no factory if you get what I mean.
@@Simon-sw4ov 100%.
Also I imagine less severe for those who did it, as opposed to burning a factory down etc
I think there has been a lot of FUD about EVs generally over the last few months and this may be having an impact on sales of EVs as a whole and Teslas in particular. Also Teslas are not cheap, the price of the M3 starts at £40,000 in the UK. To keep growing Tesla needs more affordable cars quickly. By affordable I mean cars that cost £15,000-£30,000, not £30,000+. I also think the Cybertruck was a massive distraction, Tesla should have concentrated on the “Model 2” first while working on the CT as a secondary project.
Elon Musk will be a separate chapter in future business school textbooks .... as an object lesson.
Actually it'll be two chapters, with the second one about Twitter/X.
That lesson being?
@@danzwku For Tesla: tying too much of a company's public image to its celebrity CEO/founder will bite you in the ass. For Twitter: being an ideological crusader and ignoring what your customers (Twitter's advertisers) want will bite you in the ass.
Tesla has always been shitty, but had the bonus of the early adopter. Others are catching up. And Musk sucks.
The P/E multiple at 6:36 is wrong. It's actually 36 with the current stock price of 170 USD.
You keep telling me it is over valued and I guess you will be telling me that for the next 10 years.
I don't think charging infrastructure really has much to do with EV sales, unless you are counting things like apartment buildings and condos
there are alot of people who live outside major cities. And the ability to recharge in those areas can be really poor. That does affect people's decision on whether or not to buy and electric vehicle.
@@ThatGuy-bz2in if you have a garage (or your local climate doesn't get much in the way of winter) charging at home is super easy. It's people doing things like street parking, and parking in their building's lot that have the problem, so much more of a city than suburban or rural issue.
@@joshuahillerup4290 also, people who want to drive somewhere more than 300 miles from their garage. If there is no public charging infrastructure, this becomes very difficult. And while most people aren't going to do this regularly, most people will do it sometimes. When I visit family, I have to travel far enough that a charge wouldn't get me there and back. My family lives in a rural area, so charging would be challenging.
Even if people only do this a couple times a year, it is still a factor people will take into account.
I totally agree. I have an electric ix3 for commuting to work, in the 12 months I have had it I have never used a public charger. Main reason is that at home I pay £0.07 per kWh, public chargers cost £0.70, that’s more expensive than petrol.
If you have to rely on public chargers then there’s no point in getting an EV unless you can right off the cost from you tax bill
One of the most compelling issues has to be the sheer cost of EV’s with limited infrastructure to cope with them.
I don’t want to pay £60,000+ for a car that can’t do more than 300(ish) miles and will likely be completely outmoded in just a few years.
I think Tesla did what it needed to do which is jumpstart the EV segment by showing it is viable. Now it's time to leave it, and more importantly its absolutely horrible founder and CEO, behind.
Didn't the tyota prius on it's turn and popularity pave the roads for full EV's in the first place?
I vaguely recall those initially needed to be charged with an extention cord tgrough the kitchen window.
How is over-production explained by a fire? Would that ease the issue?
too soon to call this a serious drop, has to be measured over time. Like a lot of other new industry, gets a period of growth then levels out over time.
There are other causes of stock losses not covered.
There is just a random frame at 5:38
😂
I think you guys should of mentioned in america Elon 's public opinion has changed a lot
I was going to buy a BYD, until I saw the £5500 annual insurance
wait what ??? why ???
People may be tiring of their wind up vehicles, and the behavior of the fellow who bought Tesla and drove out the original owners/inventors.
@TLDR Business I think people and this video are missing the point. There is nothing wrong with Tesla, a dip in sales for his quarter or year, is not because there is a problem with Tesla, but because market conditions have changed, both internally and externally. There are a number of factors for this this, but growth is rarely linear. In comparison, if one was to look at the growth of iPhones, they would see that it wasn't linear as well. An the grand scheme of things, the transition to EVs is in its early stages, so bumps in the road are part of the natural progression. Not sure if people realized, there are some pretty big macro situations that have disrupted commerce all over the World. Interest rates are one of the biggest factors in purchasing a vehicle and they have been pretty high in comparison to previous years. Tesla hasn't updated its fleet in some time, I this could be that it is preparing to make a push when market conditions are better.
This video didn't mention the advancements Tesla has made outside of EV production, such as AI, Energy Storage and Robotics. These are all major items that could eclipse EV production/revenue... In my mind people will be buying fewer cars in the future. To suggest there is something wrong with Tesla premature especially since Q1 is always a downturn in the Auto industry.
Hahahahahaahhahahaahahah
Their energy storage is pretty run of the mill, in a fancy case.
Their AI is small beans compared to the competition, with "FSD" being near it's limit in functionality, and Tesla have nothing of particular value in the generative AI space.
And Tesla's robotics are 5-10 years behind the market leaders.
All Tesla has is a loud man in charge, and momentum. And even that momentum looks like it's starting to fizzle.
@@OriginalPiMan Sorry I must totally disagree, Tesla is far from starting to fizzle.
TLDR: overprice valuation is being corrected by the market, that doesn't mean tesla is doom, that means that doesn't have a value as the market expect, still #1Electric vehicle manufacturer by a very high margin.
This is called market correction. There is nothing wrong. Overvaluation based on hot air is wrong.
wow we are in PEAK FUD time to buy
lol, Tesla is valued as much as the entire rest of the car industry when they sell a tiny fraction of cars. The price is based solely on speculation for FSD. But that was promised to be delivered years ago and is still super buggy and unsafe. They need to be valued like every other company is valued, based on their profit. But investors are starting to lose patience with musk's grandiose promises.
@@ThatGuy-bz2in The automotive industries market cap is over 2T, Tesla is not worth as much as the rest of the industry.
@@lmnzguy that's because it has lost like half it's value, so far. In 2021 is was valued at 1.23 trillion. Most than the next 10 biggest automakers in the world. It has fallen a long way since then and the price is a bit less insane. But still way higher than their earnings justify.
BYD is not a "upstart".. The company is not new. But kinda new to cars. Like Tesla
And that doesn't yet include the company being re-evaluated as an automotive company instead of a tech company. Once this happens, it will be a lot darker.
The last time they released an actual new model car, not including the dumb cybertruck, was in 2020 and even that car was heavily based on a car that came out in 2017
Just got a Nissan leaf and was stunned to find out just how poor American charging infrastructure is. If you are a renter it is really hard to find proper charging stations. Thankfully my job has chragers or this would never work.
Elon musk took over. Maybe people can finally see the emporer has no clothes
Charging infrastructure is probably going to remain limited forever for one simple reason: home charging. If you can plug in at home and charge for cheap overnight with an L1/L2 charger, then you don't need public chargers outside of roadtrips. And most of the people buying EVs are doing just that.
Ever wonder why public EV chargers are always unmaintained and half-broken? EV owners aren't using them enough to justify the maintenance cost on that infrastructure. Charging at a public charger is more expensive because you're paying for DC fast charging.
So what if we just banned home charging to force demand for public chargers? Well, that's still not great, because DC fast charging is actually really bad for the batteries on these cars. So you wear down the battery faster, meaning these cars lose their value faster, and we're mining more lithium out of the ground to make more batteries.
L1/L2 is far less taxing on the battery, but nobody is going to operate public slow chargers. The people using them want to get in and out quickly, and the people who own the chargers want lots of people using them. I've heard proposals for deploying them in parking garages and other places where you *will* be parked for hours at a time, and while that's a very good idea, nobody is going to pay for it.
Tesla offered battery swap programs at their public chargers, and while that fixes some of the problems I mentioned above, it creates new ones. You can't standardize the battery size, shape, and location in such a way that a location can just have a bunch of EV batteries ready to go for any car you throw at them. Tesla could only offer battery swaps because they have an incredibly closed ecosystem. Furthermore, you don't know if people are coming in with damaged batteries that will explode when you charge them, or worse, explode in someone else's car.
The situation with chargers actually mirrors the situation with refueling gas cars before we had mass-produced cheap cars. Cars used to just be expensive toys for rich people who had fuel delivered to their house. EVs are similar: they only make sense for home-owning suburbanites, because they are a retrofit for transit-hostile suburbs. Everyone else doesn't need EVs, they need trains.
I think that any politician who tried to ban home car chargers would never again be able to give a speech without being constantly heckled and would never win another election.
Home charging is obviously the logical solution for anyone who lives in a home where that is possible.
People want their car to charge while they are relaxing at home and not to need to hang around at or near a public charging station waiting for their car to charge.
It's possible that governments and companies will build a lot of charging stations
and then by 2035 possibly all cars will have range over 1,000 km even in cold weather and demand for charging stations thus evaporates in cities and decreases significantly even on highways between cities.
Gas stations might be extremely rare by 2045 and charging stations might also be extremely rare by 2045.
Tesla's stock valuation inhabits a realm far beyond mere earthly metrics, rendering this adjustment a dose of much-needed reality. Furthermore, their vehicles, emblematic of the broader EV market, are priced at a premium not for superior quality or functionality, but for the sheer novelty of being electric.
The sales dropped due to BYD and partially (I believe) due to Musk as well, his approach is just.. Not something many are really keen on.
This is the real world. It is unrealistic for any company stock to keep rising forever. There was pretty much no Tesla competition before. That is why deliveries were rising and rising year on year. There were simply no other compelling EVs on the market. But now that there are so many other fantastic electric vehicles to choose from, Tesla is finding itself sharing that EV pie with other carmakers. Everyone who loves and can afford a Tesla has already bought a Tesla. Everyone else is buying something else now. This was inevitable. Not everyone buys Teslas. Not everyone likes Tesla. Even the $25,000 Tesla that everyone is raving about is not going to last for very long after it goes on sale. It will naturally go viral soon after launch, just like the Cybertruck. But after all the fans have bought one, sales will starting falling too. Remember that several carmakers are bringing out their own +/-$25,000 EVs at around the same time too, some even earlier than Tesla. Falling Tesla stock shouldn't come as a surprise really. It's just reality.
the Segway to the sponsors hahahaha amazing
We are waiting on the updated model y… why would they drop the 3s update and not y
Answer: Marketing is great, but if you can't deliver what you sold, everything starts to fall apart once cuetomers receive their orders (or don't).
After seeing a nasty pattern of dips after earning dumped all my stock last summer and... bought a discounted tesla. Invested in other megacaps and sold with 25% profit just in time for the possible april crash. Without consumer spending picking up cars and junk will not profit.
they hyped robotaxi to the moon, and they didn't deliver
I am surprised there is no mention of the multi-billion dollar Super Computer Tesla is working on to train the AI for self-driving cars. It also may bring in new revenue streams down the road similar to Amazon's AWS.
What about Tesla's energy business? It's still growing with high margins...
"ford Toyota and.... Bentley" because yeah those are the 3 to compare... 😂
I expected a bit about the business reportedly being slow to recognise and remediate failure patterns and build problems. Attention to build quality, car reliability, and customer support are serious matters: the aggrieved owners affect the mood of the wider buying market. Part of why the BYD sellers aren't doing as well in my city as the car price would predict.
As a Tesla owner, I can already see 2 mins in, that this vid gave the best Tesla stock info over any source I’ve seen so far.
Is this a reason to short
It’s impossible to ignore how overvalued the stock price always was. There would have been a correction at some point in time regardless
too expensive. Maybe if it cost like 20k or 30k include tax, it might be awesome
Charging in an apartment or condominium (shared garage) can be.a big problem. And yes, Elon Musk being an ass is a major issue.
It's funny to me that manufacturers who produce a complicated piece of technology -- the automobile -- are not considered "tech" companies. I don't think software developers should have a monopoly on the term.
I'm assuming their stock price is moving toward an accurate valuation vs the overinflated valuation it's been sitting at for years
I still do not understand why so many people look at Tesla as big just a car company. it's staggering it really is
Anyone will tell you that Tesla stock has been overvalued for ages, nothing major there. There's a reason why Gates is shorting it! They were valued as a tech stock rather than a traditional automotive stock which has always perplexed analysts.
Got my new Y two days ago 😎
Hey guys, I think your audio has some sort of distortion or metalic echo.
I think the price is supported by the speculation the full self driving is near an it will allow TSLA to dominate the taxi market and also collect subscription fees for using full self driving so that there earnings could easily quadruple in the next 3-5 years and that does not count what Optimus might bring in terms of manufacturing efficiency and/or additional sales. I think 170 is cheap for Tesla if one understands what it really is.
With Apple pulling out of making their own cars they may be interested in purchasing Tesla, as would many other tech companies.
Spoken like a true believer.
Yes, the price is taking that speculation into account. But Musk said Full Self Driving would be ready years and years ago. There is no evidence it is close.
Full self driving has done nothing but get worse. It’s not gonna happen, especially now that they’ve removed radar and become camera only. It’s a horrendous car to use for its autopilot since Nov 2022. At night time it’s so extremely dangerous and braindead.
@Jupa do you _own_ a Tesla and have you tried FSD 12.3?
Gas stations should provide and maintain the electric infrastructure for quick charging.
I don’t consider Tessa as a tech company. the reason why is because when Ford built the model t. I believe it was considered very different singly as in world as tech company. Car manufactures always have intubate with robots or with ground braking technology. I don’t believe Tessa will make it for this one. I believe that the stock prices will fall below Ford. Probably trading at $20 per the way of the market going towards a different direction.
Considering the share price drop, is this "genius" still the richest human?
The greatest speculator is what's her name from ARK. Given her track record, be afraid, be very afraid.
I think u guys might have tried to not link to Musk to not sound like beating a dead horse. But if we talk only about Tesla his name kind of have to be in the Mix, in the other side, if we talk about EV's more broadly I might be able to add something, I have seen working kollegues and friends regret they EV purchase mostly cuz of the spare parts market. Those cars have shown to be a nightmare to fix, specialy because some of them, Tesla included but far from be the only one, are pushing the Apple model of making hardware, locking the thing in a way you cant go to ur mechanic anymore, you cant buy parts and change yourself, is 'too dangerous' with more and more people having the same experience on the markt of ev's word spread around and nobody want to buy one, new or used.
this come from someone in Austria, where Charging is fairly available even in small city, gov subsidizes the car and the installation of the charger at home, and if u lucky installation of solar panels can also get subsidize. with all this is still a pain in the ass to own a EV
... Because Tesla still only has $40,000 EVs to sell. Now it will be really hard to sell them because the world is finding out that there's $15,000 and even $10,000 EVs for sale
Consumer confidence in the US is strong?! Right…
TESLA , YOU HAVENT SEEN ANYTHING YET!
I'm sorry but $40,000 is not budget in the US and most people can't even afford a $25,000 car because of interest rates
Bentley? Weird comparison.
I agree with you, but most of the people who know that are the electric vehicle supporters. The myth is still very much out there in the minds of many people who aren't. Even now, it is one of the first concerns I hear when I ask people if they are considering an EV.
the next overvaluated stock is AMD (for those who want a short stock)
Nice, Here I am sandwiched by stupidity.
The stock will undoubtedly rise this isn’t the first time it’s been doubted, wait until every Tesla becomes a robotsxi or when they realize a budget car. Their robots are also coming
And buying his brand means also greasing his pockets to no end
So that’s why Elon has seemingly lost his mind recently
Not mentioning Elon's reputation seems to me a little bias... at least more than usual...
I mean, they laid out a solid argument. The entire EV industry has pulled back. their largest competitor lost more sales than Tesla has. Saying that's bias when they explained a very logical reason why it isn't just tesla makes it seem like you are the biased one.
@@ThatGuy-bz2in I agree they laid good arguments. My point is there are probably more arguments to it... and I can be as bias as I want I'm no journalist :)
@@HLAmsterdam But other EV manufacturers had sales drop by even more than Tesla. BYD had passed Tesla in sales and now tesla is in front again. If Elon was the primary factor, then Tesla should be the only one dropping, or dropping by much more than the others. But that isn't the case.
Don't get me wrong, Elon's a prick. But the idea that he is the cause of the drop doesn't seem to be substantiated. And accusing them of bias for not saying so seems weak.
Tesla stock is overpriced. The quality of many cars is under par. Aftersales service has been weak. The cars and stock did well with enthusisdts. That market is getting sated. And electric cars are still too complicated for many people.
Answer: PE 36.5
Not only EV market. Also non-Ev is suffering
I m so glad I sold my shares....
why do you actually not emphasise vw? and instead ford or Toyota by revenue the VW Group is still the largest in the sector
It couldn't be because the company is run by a clown??
Bad owner
The CEO shares anti-Semitic and racist conspiracies almost daily, and trashes the same government subsidies that supported his sales. What a genius.
Tesla P/E is 40 not 60 as per Apple stock app…
Tesla cars being to pricey for a lot of people is something that a lot of those speculating on the value of tesla really don't understand. A study done a couple of years ago suggest that more then 50% of working americans can't afford a $500 emergence. These are the vast majority that buy a car on credit or via a loan and then pay it off. If your buying a car on credit and you can't afford something like a $500 dollar emergence you aren't buying a Tesla car plain and simply they are to pricey even with the price cut.
Tesla is a more expensive car brand that is fine there have always been expensive car brands but those brands are generally owned by bigger companies like Lamborghini and porsche are both being owned by Volkswagen. This means one company can cater to and sell to vastly different parts of the market. Tesla on the other hand really can't they don't really have enough different brands/selection and likely manufacturing capacity. Again as a company its fine to cater to a select market but when you do that you do limit your growth potential as a company.
edit funny thing is there is probably a chance that tesla would be more profitable if they ditched making there own cars and did basically become just a car tech company selling there batteries and robotics tech to other car companies that manufacture at a larger scale.