MotorTrend: Tesla\'s Value Has Absolutely Tanked. It\'s Probably Still Overvalued....

F

Fred Bloggs

Guest
\"Tesla is a story stock. It trades higher or lower based on the story that CEO Elon Musk and other Tesla enthusiasts spread about the company\'s potential to completely take over the global auto, energy, technology, and transportation industries in the long-term.\" So wrote Wall Street pundit Wayne Duggan back in 2021, when Tesla was zooming on its way to becoming the world\'s first trillion-dollar automaker.

The real story is very different. Tesla is being absolutely crushed by the onslaught of global EV technological development taking place right now.

While safe and functional Level 2+ and even Level 3 autonomous drive systems are now available from other automakers, Tesla\'s endlessly hyped Full Self-Driving system, a $15,000 option, remains an unreliable work-in-progress, years after Musk said owners would be able to use it to earn up to $30,000 a year employing their cars as robotaxis.

Nobody is going to produce anything significant in that horror story work environment either,,

https://www.motortrend.com/features/elon-musk-tesla-value-stock-still-overvalued/
 

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