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Tesla's latest decline could be one for the history books, JPMorgan analysts say (www.businessinsider.com)

submitted 2 days ago by slartibartfast@lemm.ee to c/world@quokk.au

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Tesla has lost so much value in such a short period of time that JPMorgan analysts said they couldn't think of another comparable moment in automotive history.

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[–] naeap@sopuli.xyz 7 points 2 days ago (1 children)

2035 is quite generous
In my opinion, they already started to fail to compete, as they try to cheap out on pretty much everything
They only thing, they still have going is a very good drive train and battery/range - which is obviously very important for a car/EV, but it's far from the only thing, that matters

[–] FlexibleToast@lemmy.world 3 points 2 days ago

They were definitely already on the down trend. They haven't refreshed their designs at all. Also, they were already marking the cars down to try and sell them.