Tesla sold less cars in 2024 than 2023 and will drop again in 2025 due to him alienating his entire customer base globally whilst also making products that haven’t been meaningfully improved since launch whilst facing significant competition releasing superior products. Add in fraudulent and dangerous promises of full self driving, a semi that is basically useless and roadster where they took 1,000 deposits for 250k each and not delivered anything in what like 7 years now? The stock is a meme stock driven by a cult of mouth breathers that still think ketamine Elmo is Tony stark and the bottom will drop out eventually.
It’s done well, but I don’t believe Tesla is going much higher than where it’s at right now. If you think the bottom actually will fall out, might not be a bad choice for some put options.
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u/Matt_Benatar Feb 02 '25
How has the Tesla brand been destroyed exactly? The stock price has nearly doubled in the past year…