this post was submitted on 23 Aug 2023
743 points (96.7% liked)
Technology
57944 readers
2854 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
All the other majoe manufacturers sell way more vehicles than Tesla, and are rapidly pivoting to the electric market. Tesla is pretty fucked.
https://www.google.com/amp/s/www.cnbc.com/amp/2023/06/15/teslas-us-electric-vehicle-market-share-could-drop-to-18percent-by-2026.html
They have big problems. They are way overvalued, and other manufacturers are catching up who are geared for higher levels of mass production. And once the share price starts falling there's the risk that it can cause a feedback loop.