Please do more research. Tsla run up began in January prior to the impacts of Covid were realized |
Having government agencies buy Teslas. |
Even assuming (!) the government pivoted from shutting down its non-Tesla charging stations you are way overestimating the number of cars the federal government buys. |
Who’s gonna be left in government to need a car anyway? |
|
This piece by noted left wing woke publication Forbes says Tesla is in for a “world of hurt”.
They note the brand is toxic in California and Europe but mostly point to the 30% sales decline in China, which was the market most responsible for Tesla’s profitability. Now BYD is eating Tesla’s lunch on both price and technology. https://www.youtube.com/watch?v=_SKaBwmHq9Y |
Tesla sales will literally go to zero in China…BYD and others are 1/2 the price and much better cars. That said…they would be smart to sell their China operations to one of the China rivals and leave the country. |
It had a nice bump in january from the China Tesla 3 factory opening and a short squeeze (which I suspect Musk was orchestrating but thats another matter).
|
lol. TSLA went 10x after that, and has only been higher for brief spikes. |
Who would buy a Tesla in China when you can get a perfectly acceptable electric car for half the price? |
Not even acceptable but superior. As someone who has been in (but granted never driven) several BYD cars, they are much nicer on the inside than any Tesla car. If you want something even nicer/more fun, the Xiaomi car looks amazing and again, superior to the model s at a lower price. Buying Tesla in China simply makes no sense. |
| Tsla bears on this thread are all very tarded. China posted a blowout 21.0K insured registrations for the week of March 24 to 30, its highest week of the year, and 4th highest week of all time. After 13 weeks, TSLA China 1Q pulled ahead of last year, finishing +1.8% YoY and -30.8% QoQ. The new Model Y production ramp at Giga Shanghai has gone extremely well, and new Model Y demand is very high in China. |
TSLA lost $460 billion in market cap for 1Q this year. That's almost 4x more loss than DOGE has saved the federal government in cuts. |
| Tesla brand is over. Some other company needs to buy Tesla and rebrand it, without Musks dirty fingerprints. |
Shades of #idiocracy here. |
to you or your investment account only. car buying never 'makes sense' beyond certain price point especially when buying new, or when tesla offers 3-yr 0% APR. |