Tesla’s value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead::Tesla shares closed Tuesday at just over $233, well down on their 2023 peak of $291.
Tesla’s value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead::Tesla shares closed Tuesday at just over $233, well down on their 2023 peak of $291.
If you had someone honest at the head of Tesla saying realistic stuff like “we won’t have FSD for at least a decade, robotaxis even longer, and it’s going to take more than just the cameras we have” and “due to legal liability concerns we are pulling FSD from the market until it’s ready” , I don’t think you would have nearly that market cap.
Tesla built that market cap off Mr Hypeman, the market cap only begins to make sense if those hype promises are realistic. If Mr Reality takes over Tesla that market cap is going to crash hard, they need Mr Hypeman.