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by segasaturn
504 days ago
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I'm sure that Elon isn't helping, but I've read that Tesla sales were always expected to decline due to no new car in years (outside of the Cybertruck which is seen as a gimmick) and market saturation from Tesla's continued monopoly on the American EV market. Basically everybody who wants an EV already owns a Tesla and has nothing to upgrade to. |
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The EV market is not the totality of the auto market. EVs are, in my opinion, better products than gas cars even removing environmental concerns, and thus EVs should be growing market share. Tesla shares were never expected to decline, otherwise their stock wouldn't be trading at such insane multiples. It's entirely at the feet of Tesla management that their sales are declining in CA and in the EU.