this post was submitted on 23 Aug 2023
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Tesla's value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead (finance.yahoo.com)
submitted 1 year ago by L4s to c/technology
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Tesla's value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead::Tesla shares closed Tuesday at just over $233, well down on their 2023 peak of $291.

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[–] DingoBilly 78 points 1 year ago (10 children)

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.

[–] Curator 4 points 1 year ago

I don't disagree with those statements but I'd wait to see what they put out from the Mexican factory considering the labor cost advantage and manufacturing experience they've gained. Beyond that I agree that Korean and Chinese EVs seem more put together and well see if we get more when the us subsidies end.

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