• scarabic@lemmy.world
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    11 hours ago

    It’s crystal clear to me that Tesla played an important role at a key time, and pivoted the industry. The technology to do so had been there for a while but they lacked the will and they needed an innovator to scare them into action. Tesla did that. However, that role is now complete. I am flabbergasted that anyone still values this stock. Even setting aside this recent downturn in sales due to their brand going necrotic, they were already overmatched by the flood of competition coming their way. If major manufacturers don’t eat Tesla’s lunch, Chinese upstarts will. They can’t survive. They won’t survive. Even their supposed software advantage on self-driving has turned out to be a fraud, and the Simpertruck is a high profile failure. I’m glad that the stock hasn’t died yet though, because the rest of the world is still completing the transition to EVs, and the death of Tesla might put a chill on that. But in a few years, yeah, Tesla will blow away on the wind like so much dust.