Tesla's value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead

maybe they should focus on making a decent product instead of manufacturing bs

Setting aside anything related to Musk, Tesla really doesn’t seem to be staying competitive.

Cybertruck (and the “indestructible” window press conference) is probably the easiest example. Years of attempted hype that haven’t paid off in a meaningful manner, while rivals have been releasing in-class competition. Anyone can see that’s a problem.

Tesla cars used to be pretty revolutionary, now they’re in an entirely different era that’s filling with exciting EV alternatives around every corner. Yet Tesla style still looks the same. The shoddy construction is still around and becoming more widespread knowledge. They’re failing to attract their target audience due to a long series of missteps. More problems.

Not to mention that Tesla was downright overpriced at its height. It’s a fraction of the volume yet made other automaker valuations look minuscule. The logic for that was never there.

Such a remarkably overvalued company. I'd be surprised if it's still around in a few decades. Feels like they're the MySpace of today - they're big and have first mover advantage but have nothing interesting down the line and newer companies will and are supplanting it.

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Good, the MAGA car company should lose value.

Teslas are boring. There are only 4 of them and they all look the same. (And the cybertruck is an abomination, sorry if you’re going to buy one; good luck surviving all the steel balls people will be throwing at you)

It was never worth the stupid value it was pumped up to. Why do you think Elon has been dumping so much of it.

The moment those Chinese EV startups enter the US market, Tesla will be in real trouble if they don't have their product quality image problem fixed by then.

It'll be like Detroit's Big 3 automakers tanking when small fuel efficient Japanese cars landed in the 70s oil crisis.

Assuming those Chinese EV companies don't have their own quality problems...

Elon Musk financed about $20bn into the Twitter purchase by selling Tesla stock.

I dont get how this is news. Teslas market cap was already higher than all the other car makers combined while only producing a fraction of the vehicles. Everyone knew that this stock wasnt a value stock. Where is the news

thoughts and prayers

I'm surprised this isn't just because of there being more competitors to Tesla like rivian. Tbh though I dislike cars, I just have to use them sadly.

Maybe anecdotal but I bought a Kia EV6 over a Tesla because of Musk and CarPlay support. I know I can’t be the only one that took that into consideration.

They went to the stock chart, picked the latest peak, and wrote the article of doom. It's down 20% a year ago, but up 20% for the last 6 months, and up 119% YTD.

Not that Tesla doesn't have its ills or seems to be stagnating, but picking points in a chart is a feeble argument.

Maybe the investors should all vote on kicking Elon out of the company.

To put this in perspective, Tesla's stock price has still more than doubled since the beginning of the year. They're doing just fine.

The past few weeks have been rough across the market. I suspect the reemergence of COVID has played a factor.

I see so much hate toward Tesla in this post and I assume it's mostly because of Musk.

But at the end of the day they are still the ones selling the most EV which I still believe is a good thing.

I'd rather people buy an asshole's EV than another polluting pick-up truck tbh. (I know EV are also creating pollution, no need to point this out ty).

The vast majority of EVs I see in the street of my french city are Tesla's. And I see a bit more everyday. And no matter how much I despise Musk, I still appreciate the fact that tesla is helping us move forward from combustion engines.

I don't really care if someone buys a Tesla just to show off. It's one less combustion engine on the road.

Who would have thought your brand would tank if you go full send on being a absolute douche bag. Almost like there is consequences for you actions... Something these ultra rich assholes never face.

It might face a bumpy road but the reality is the core reason for the drop is the amount of stock musk has sold to cover his idiotic decisions recently

Still up 1,000% over 5 years...plenty of room to fall

200 b-b-b-b-billion…!

Where's my cybertruck already?!?!

When are they going to kick Elon out? How much money do they have to lose before this happens?

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Tesla gets more popular each time the name gets mentioned, their market is now people who buy the cars because they are popular and see them around. Remove their ads, stop giving them visibility, stop fueling the brand