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.
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.
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…
Chinese EVs absolutely have quality problems, but they are half the price. Tesla’s are sold at luxury prices with third rate QA.
Pretty much. They are teslas sold in the price bracket they belong in
There’s already so many BYDs in Australia.
At $20,000 cheaper, it sure makes a lot of people not care about whatever bells and whistles the Tesla has.
Tesla is already in trouble.
Hyundai Ioniq 5/6, Kia Ev6.
VW ID line.
Ford F150 Lightning.
Those are the things that will absolutely decimate Tesla’s market share. Known brands that can actually put together cars without basic issues like Panel gaps and paint issues.
Ones that reject the absolutely dangerous and moronic UX of putting everything onto a big screen instead of having physical buttons.
They’re already in the states. Example: Volvo / Polestar
china sucks worse then Tesla. Everything they build is cheap crap that falls apart. Last thing I’d ever do is buy some pos from china