As much as I think TSLA/SPCX are overvalued there is nothing unique about their drop compared to many other companies in the last day or two. I wouldn't even hazard a guess on whether the floor has fallen out on anything yet, it could just as well be a temporary reaction to the election results and volatility following the uncertainty of that for these types of companies.
Of course one can always pick a set of tickers and day ranges that make it seem like any trend if you filter the view enough.
Last year Tesla sold 1MM cars in us+China and another 150K in Europe. In the same period BYD sold about 3 million EVs.
Last MONTH (October) BYD sold 500K EVs. The US is propping up Tesla by keeping BYD out. I’ve driven several and they are great cars, much nicer than the aging Tesla line.
We already have uber and Lyft and taxis and our own cars and some other self driving things and bikes… and isn’t Apple supposedly coming out with a car sometime? This isn’t special and a lot of city dwellers aren’t interested in supporting musk anymore.
If you book a cybercab the price is significantly cheaper than an Uber or Lyft. You can book one to get across Austin for literally half the price of the competition.
I took screenshots of the prices I have paid because I was so happy with only having to pay $7 to get across my city.
Apple killed their car program years ago. I know because I work there.
>aren’t interested in supporting musk anymore.
That may be your personal political take, but there is no evidence that politics are slowing their growth in a meaningful way. There is still strong interest in Tesla products, products like Starlink are growing at an incredible rate, Starship launches command huge livestream viewership, there's an entire industry of Youtubers which break down and discuss the engineering and logistics of SpaceX rockets.
I have ridden in a cybercab several times and they are omnipresent in my city. They work extremely well and are scaling quickly. "No prospects for growth" is a pretty wild take given the obvious new things they are building.
It is almost as exciting as the transmutation of base metals into gold, the panacea, and the elixir of longevity — all of which I’m told are just around the corner at Musk’s companies
Are we really shocked when their entire IPO was predicated on AI the companies primary future revenue and American voters just told the market they're not gonna make that easy?
Also, what's with this site? It only has a single article.
EDIT: Judging from the URL/title, it's some (AI-generated?) thing that reuses the title from https://www.reddit.com/r/technology/comments/1xow42o/tesla_a...
GOOG -2% in 5 days
META -4% in 5 day
INTC -6% in 5 day
NVDA -9% in 5 day
TLSA -10% in 5 days
ASML -9% in 1 day
AVGO -10% in 1 day
MU -17% in 1 day
NVDA -9% in 1 day
SKHY -13% in 1 day
TSMC -10% in 1 day
As much as I think TSLA/SPCX are overvalued there is nothing unique about their drop compared to many other companies in the last day or two. I wouldn't even hazard a guess on whether the floor has fallen out on anything yet, it could just as well be a temporary reaction to the election results and volatility following the uncertainty of that for these types of companies.
Of course one can always pick a set of tickers and day ranges that make it seem like any trend if you filter the view enough.
Last MONTH (October) BYD sold 500K EVs. The US is propping up Tesla by keeping BYD out. I’ve driven several and they are great cars, much nicer than the aging Tesla line.
I took screenshots of the prices I have paid because I was so happy with only having to pay $7 to get across my city.
Apple killed their car program years ago. I know because I work there.
>aren’t interested in supporting musk anymore.
That may be your personal political take, but there is no evidence that politics are slowing their growth in a meaningful way. There is still strong interest in Tesla products, products like Starlink are growing at an incredible rate, Starship launches command huge livestream viewership, there's an entire industry of Youtubers which break down and discuss the engineering and logistics of SpaceX rockets.
Those are at Musk's companies already.
I think Elon Musk says a lot of things.
I'm not speaking for the parent, but clearly it's easy to lament Musk's overtness without implying that everybody is doing it to a similar degree.
Will be interesting to see how Musk and his companies weather this storm