As a consumer auto manufacturer, it looks like the jig may be up for Tesla.
Musk has no credibility left. FSD has become a decade long running joke. Other manufacturers offer similar products for the same or a better price. Execs and insiders are selling stock while Musk asks line employees to avoid doing the same.
Tesla has no product to justify a stock P/E ratio that is 10X that of a typical auto manufacturer.
As a European I'm quite surprised to see Americans hating on their most successful car company internationally.
You could say Ford is successful too - but only by name - as the cars it is known for outside the US are completely different to those it is known for in the US.
Go ask a Romanian what they thing of Dacia - which is now a budget brand of Renault - and they'll be proud that it's from their country. Where as Americans are burning their cars in the street.
If you're a European it probably shouldn't surprise you that much. Even if you don't share these feelings, many of your fellow Europeans do.
But the biggest issue with Tesla (I own one and bought one back in 2018 because it was the best EV available) is that the company has so badly failed to execute. They failed to update their products at a useful pace, they failed to develop a really good US-based battery supply chain, and they massively invested in China -- a decision that does not look excellent in retrospect. This is before you get to the Cybertruck and the weird political stuff.
As a European I'm quite surprised to see Americans hating on their most successful car company internationally.
Tesla produces and sells more autos in China than the USA. What makes you so convinced it is an "American" company?
Surprise! Business is not about sentimental nationalism or loyalty. It has little impact on the overall economic analysis. The primary loyalty is to profit --- wherever it can be found.
Not just my opinion but also the expressed attitude of multinational tycoons like Musk.
> Tesla has no product to justify a stock P/E ratio that is 10X that of a typical auto manufacturer.
Tesla has at times been valued at a number higher than Toyota, Volkwagen Group, Hyundai/Kia, General Motors, Ford, Nissan, Honda, Fiat Chrysler, Renault, Suzuki, Daimler, BMW, Mazda and Mitsubishi. COMBINED. Actually, Tesla was valued at significantly more. Let's close the gap... nope, worth more than all of these AND several Chinese manufacturers: SAID, Geely, Changan, Dongfeng.
The insanity is that this didn't sound ridiculous, but reasonable to a non-negligible portion of the population.
The insanity is that this didn't sound ridiculous, but reasonable to a non-negligible portion of the population.
Even worse is that professional "institutional investors" have jumped on board the crazy train in a big way. They're holding almost 70 percent of the stock. They're reluctant to sell because the resulting price crash might hurt their performance bonuses.
They are still the world's most profitable ev maker, at least for last years figures. Not quite sure after salutegate. I think BYD passed them on unit sales but probably not sales by value. BYD sells a lot of cheap cars in China. In the UK we have BYDs but there must be at least 10x as many Teslas around.
About the only thing Tesla truly leads in is market valuation. It is the world's most overpriced auto stock by a very large margin. No other company is even close to TSLA's 130 P/E.
>Tesla drivers in China are using the new Full Self-Driving update and are racking up fines as the system drives in bike lanes and makes illegal turns.
>...For example, this Tesla driver received 7 tickets in the space of a single drive because the FSD drove in bike lanes and made illegal maneuvers...
>...the consensus appears to be that it’s “pretty good, but with lots of bugs”.
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[ 2.3 ms ] story [ 39.5 ms ] threadMusk has no credibility left. FSD has become a decade long running joke. Other manufacturers offer similar products for the same or a better price. Execs and insiders are selling stock while Musk asks line employees to avoid doing the same.
Tesla has no product to justify a stock P/E ratio that is 10X that of a typical auto manufacturer.
You could say Ford is successful too - but only by name - as the cars it is known for outside the US are completely different to those it is known for in the US.
Go ask a Romanian what they thing of Dacia - which is now a budget brand of Renault - and they'll be proud that it's from their country. Where as Americans are burning their cars in the street.
But the biggest issue with Tesla (I own one and bought one back in 2018 because it was the best EV available) is that the company has so badly failed to execute. They failed to update their products at a useful pace, they failed to develop a really good US-based battery supply chain, and they massively invested in China -- a decision that does not look excellent in retrospect. This is before you get to the Cybertruck and the weird political stuff.
Tesla produces and sells more autos in China than the USA. What makes you so convinced it is an "American" company?
Surprise! Business is not about sentimental nationalism or loyalty. It has little impact on the overall economic analysis. The primary loyalty is to profit --- wherever it can be found.
Not just my opinion but also the expressed attitude of multinational tycoons like Musk.
huh?
Tesla has at times been valued at a number higher than Toyota, Volkwagen Group, Hyundai/Kia, General Motors, Ford, Nissan, Honda, Fiat Chrysler, Renault, Suzuki, Daimler, BMW, Mazda and Mitsubishi. COMBINED. Actually, Tesla was valued at significantly more. Let's close the gap... nope, worth more than all of these AND several Chinese manufacturers: SAID, Geely, Changan, Dongfeng.
The insanity is that this didn't sound ridiculous, but reasonable to a non-negligible portion of the population.
Even worse is that professional "institutional investors" have jumped on board the crazy train in a big way. They're holding almost 70 percent of the stock. They're reluctant to sell because the resulting price crash might hurt their performance bonuses.
So much for the "efficient-market hypothesis".
https://www.businessinsider.com/byd-china-crosses-100-billio...
About the only thing Tesla truly leads in is market valuation. It is the world's most overpriced auto stock by a very large margin. No other company is even close to TSLA's 130 P/E.
>Tesla drivers in China are using the new Full Self-Driving update and are racking up fines as the system drives in bike lanes and makes illegal turns.
>...For example, this Tesla driver received 7 tickets in the space of a single drive because the FSD drove in bike lanes and made illegal maneuvers...
>...the consensus appears to be that it’s “pretty good, but with lots of bugs”.
https://electrek.co/2025/02/27/tesla-drivers-are-racking-up-...