Facts… When it comes to the specs and engineering aspects of Tesla they are still far and away better than the comp but their quality control with the combo of that shyt head as ceo make it extremely hard to purchase one.. It’s why you see a lot of loyal owners starting to leave for other brands and just completely going back to Ice vehicles
I’ve long said the moment Tesla get Elon the fukk up out of there they will regain their market cap and respect
Tesla is grossly overvalued at $600 billion.
Net income in 2023 was $15 billion with $98 billion in revenues.
By comparison Toyota is worth $327 billion with 2023 revenues of $327 billion and net income of $30 billion.
How is Tesla worth double that of Toyota with half the net income?
Add in a soft market for Evs and increased competition from other auto makers and the market will have no choice but come to its senses in regards to Tesla.