I wouldn't be surprised if the first-quarter drop was even larger. Constant reports of poor quality haven't gone anywhere, and traditional car manufacturers are catching up and taking over. Meanwhile, Musk's popularity is rapidly declining due to the way he acts in public to the point of being high as a kite on TV, and people are finally starting to realize that he spends the majority of his time just tooting his own horn and being an asshole to those who actually work at his companies. Tesla's days could very well be numbered.
Maybe it's time to wake up and smell the coffee --- Tesla is no longer a "growth stock".
Investors can be slow and reluctant to face reality but sensational projections of growth are not being realized. It's long on hype, short on substance --- and the proof is in the data.
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[ 2.9 ms ] story [ 19.0 ms ] threadInvestors can be slow and reluctant to face reality but sensational projections of growth are not being realized. It's long on hype, short on substance --- and the proof is in the data.