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by DoesntMatter22
1458 days ago
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That doesn't even make any sense. Tesla doesn't even sell any CyberTrucks right now, so even if they lost all their pre orders it wouldn't affect revenue now. Ford and Rivian aren't even making vehicles in any sort of volume to be even a minor rival. And why do you think that orders are falling off of a cliff exactly? Tesla has grown incredibly fast, they have 100k employees, they have a terrific balance sheet and are at no risk of bankruptcy. For the last 10 years people seem to always lay out this awful scenario for Tesla, meanwhile they are growing in sales incredibly quickly, literally the quickest ever. |
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Tesla has grown incredibly quick, all while essentially having the electric car market to themselves. That is no longer true---their market share will inevitably shrink, because it has nowhere to go but down. If the overall market growth slows---say, because of inflation and a recession---then this could be a problem for a company that has been staffing for breakneck growth and now sees that growth flattening. I'm not saying Tesla is going bankrupt, but I do believe that having two major competitors beat it to market in a strategic segment like trucks is a problem for Tesla, they are seeing that problem play out in projected sales, and they are trimming the payroll to rightsize for more challenging conditions.