The Walls Are Closing in on Tesla

[marmar]

Tesla is really starting to feel the hurt — in large part due to Musk's self-inflicted wounds. Despite a share price that's slowly recovering from a disastrous year so far, the company has seen sales fall off a steep cliff in key markets, including Europe, China, and its home turf in the US.

As Forbes reports, the walls are only beginning to close in as Tesla's competitors in China are starting to make significant moves, leapfrogging the company not only in terms of sales and revenue — but technology as well.

Earlier this week, news emerged that Chinese EV maker BYD had crushed Tesla by passing the $100 billion mark in revenue last year. That's in comparison to Tesla's $97.7 billion in revenue over the same period.

BYD is also working on software directly competing with Tesla's misleadingly-named Full Self-Driving system, called "God's Eye." The top-end version of the software will make use of laser and LIDAR sensors, which Tesla infamously ditched in favor of an ............(more)

https://futurism.com/walls-closing-in-tesla-china-competition

[William769]

1. You know it was going to happen.

[C Moon]

6. Wow. Was that him doing the splits. I'm impressed. Never cared for his music but that's a good video.

[William769]

8. He's always been a fan of mine.

That's my type of music though.

[Roy Rolling]

2. It's Complicated

Tesla is a Welfare King. Their biggest product is selling off carbon credits and other financial schemes from grifters like Musk who milk the federal system to become a billionaire.

Oh yeah, they sell cars as a front. But now that Musk has destroyed the brand there are no more real customers.

Bye, Felicia.

P.S. with a share price like TSLA they must start making real money or the company will fail. My suggestion? Fire Elon Musk yesterday and his laughable pickup truck design fantasies. He’s a moron.

"

[Hornedfrog2000]

10. Blame the victim

Yup, lets blame the people trying to do good, and not the people committing FRAUD. I expect that argument from a republican.

[Hekate]

11. Seriously?

[wolfie001]

15. Wanzer just joined to defend Eloon

Seems to me.

[GoneOffShore]

17. Let's hope not - But there's always this

[wolfie001]

20. Right?

Hey, you think I can post this in the General Discussion forum? I don't wanna get it pulled down. Not sure where I can show this. Another MS-Paint masterpiece

[GoneOffShore]

16. Welcome to DU - Enjoy your stay - However long or short it is.

[Emile]

19. Pizza in the oven.

[William769]

21. Unfortunately not on this post.

[Bernardo de La Paz]

12. That price chart is not using log price scale, thus trend lines are bogus. Always use log scale. . . . nt

[SheltieLover]

3. I believe there are over 200 tesla takedown protests today nationwide

He's likely to melt down...

[Tickle]

4. Musk must be glad he

only owns 13% of the stocks. I don't know the breakout of the 85%. Does anyone know?

[William769]

5. Hopefully trump!

Since he's musk to to.

[mnhtnbb]

9. Mostly asset management companies

own the rest of the shares on behalf of clients.

https://www.investopedia.com/articles/insights/052616/top-4-tesla-shareholders-tsla.asp

[Tickle]

24. Does anyone feel back for the other clients?

I thought Musk owned most of Telsa. I don't think people know this, because it's those people getting hurt.

[Prairie Gates]

27. The other clients should be suing Musk or agitating on behalf of the shareholders

Musk has a fiduciary duty to them, and he's cratering the price of the stock and destroying the brand behind what is essentially a HOBBY. If it were any other CEO, there would have already been a shareholder revolt and he would have been removed. It's completely unbelievable what Musk has done to the shareholders for his own personal side interests in politics. I think it is tortious conduct at this point and he should be sued by the shareholders.

Shareholders have a right to expect that the CEO of a company will not take public positions that outrage significant portions of the public and, moreover, are diametrically opposed to the known positions of most of the customer base. And certainly a CEO should not do either of those things on matters completely unrelated to his position at the company. There may not be a specific risk factor to that effect, but that's only because it's so obvious and so clearly included within the fiduciary responsibilities (to wit, loyalty) that nobody would view it as a possibility. Nobody buys a stock believing that the management of the company will deliberately enrage the customer base for some extravagant side project.

[Hekate]

13. As a backup investment, Muskrat has bought the US government...

He may get a sad from his Tesla troubles, but he won’t have to move back in with mom.

[GoneOffShore]

18. He'd love that - though she's to old to have another child.

[wolfie001]

14. I'm sure if every CEO and hedge fund/private equity manager gave us an insight into their personality.......

.......we'd all buy foreign products at every turn and when humanly possible. A lot of the natural food company CEO's are complete RW wackjobs like RFK Jr. I've done my own research Have a good day

[GreenWave]

22. And Musk the monster is trying to cram his starlink all over the western states as Internet provider.

Ask Dish how people liked their slow download internet satellite partner.

[Emile]

23. Trump's 25% tariffs will make cars more expensive.

[uponit7771]

25. When carbon credits start to screw Enron the money will really fall

[Yavin4]

26. The only way Tesla survives is if Musk is fired. Like today.

Cash him out and move forward.

[cadoman]

28. the Byd Han looks incredible

https://www.byd.com/us/car/han-ev

I'd be pissing myself if I were a fascist.