this post was submitted on 14 Mar 2025
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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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[–] LukeRN@lemmy.world 44 points 2 days ago

And still it's overvalued...

[–] FelixCress@lemmy.world 24 points 2 days ago (1 children)

Still around 90% overpriced if compared with the rest of the industry, or so I read.

[–] RupeThereItIs@lemmy.world 12 points 2 days ago (1 children)

I've been saying for a long time that Teslas ultimate fate was to become just a brand of one of the major OEMs. Unfortunately for Musk he has ruined the brand name and now the long term reality is they will end up being liquidated for patents only, when they fail to compete (by 2035 is my guess)

Up until recently they've had no real competition in the EV space, that has forever changed and Tesla has proven unable to adapt.

Musk sullying the brand and his reality distortion field failing will be the final nail in the coffin.

[–] naeap@sopuli.xyz 7 points 1 day 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 1 day 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.

[–] stoy@lemmy.zip 33 points 2 days ago (1 children)

Tesla has been a bubble waiting to burst for a long time now, all I can say is "finally"

[–] nilo@lemm.ee 13 points 2 days ago (2 children)

I remember I bought some Tesla stock back in September 2019 knowing full well that it was a bubble. I just believed in their vision. My friends made fun of me for buying into the hype. I sold the stocks when they doubled in price. Now, even after the recent fall, the stock price is more than 10 times what I bought them…

[–] Zikeji@programming.dev 13 points 2 days ago (1 children)

Any gain is a gain. I had to learn this after Bitcoin. Bought a bunch at $100 a pop, sold them later when it hit $250 a pop. This was a day or two before it skyrocketed to ~$1400. Kicked myself then, but came to terms. Now look at them lol.

[–] glimse@lemmy.world 1 points 1 day ago

I had to sell all my bitcoin to hire a lawyer when someone tried to commit title fraud on my condo in 2015. Didn't really have a choice but goddamn does it hurt considering I was in debt because of it for the next 5 years

[–] zecg@lemmy.world 5 points 2 days ago (1 children)

knowing full well that it was a bubble. I just believed in their vision.

[–] nilo@lemm.ee 1 points 1 day ago

Yep. That didn’t age well.

[–] AlecSadler@sh.itjust.works 7 points 2 days ago

I have zero faith it'll happen, but I'd love to see it dip below $100 per share.