I just want to add. Many people believe that Musk's involvement in politics what is hurting the share price, but the reality is that the company itself is in a tough spot. Tesla has long struggled with build quality issues and competition from chinese automakers is growing at an astonishing rate. On top of that, Tesla's stock has been trading at extremely high PE ratios for some time, signalling investors expect unrealistically high growth. Serious effort will be needed to get the company back on track, regardless of who is CEO.
JPMorgan was predicting a 48% price drop at the start of Oct 2024 when it was still only $150.
IMHO it turns out Tesla isn't the NVidia of EV.. NVidia is.
NVidia is developing and selling an entire autonomous car hardware and software training stack. They will sell this to all the existing automakers, who make better and cheaper vehicles, to develop their own complete solutions.
I expect Tesla stock to go near or under $20 eventually.
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[ 3.3 ms ] story [ 26.0 ms ] threadIMHO it turns out Tesla isn't the NVidia of EV.. NVidia is.
NVidia is developing and selling an entire autonomous car hardware and software training stack. They will sell this to all the existing automakers, who make better and cheaper vehicles, to develop their own complete solutions.
I expect Tesla stock to go near or under $20 eventually.