They already have a luxury sedan and SUV, have they crashed every car company in the U.S. with those? About the only thing that has crashed so far this year is Telsa's profit margin, twice lowering prices - and year is only 4 months old.
luxury ev tsla has 85% market share. that’s why they plan to invest and open a new battery factory to meet the demands. name one non-luxury ev car you would buy other than telsa. Its margin beats even toyota. don’t worry about the price cut as long as its technology is more efficient than its competitors. if its tech is on par with the rest, then price cut will hurt.
Provide something that shows that. Yes they are number one, but no way they have 85% m/s. Understand luxury does not include every single one of their models.
Out of the more than 525,000 EVs registered over the first nine months of 2022 in the US, nearly 340,000 were Tesla vehicles. When you look into the luxury EV market (over $50,000), Tesla’s dominance is even clearer with 85% market share.
And none of the China-Made ev cars will ever be allowed imported to US. Anyone expects GM and Ford can play with EV without battery tech is delusional.
Luxury EV's not Luxury EV's and ICE's in total. Of course, others are just getting started. Question: why is TSLA still less than half of its alltime high price - from 2 years ago?
Simple, TSLA position alone propelled my retirement account 5% allocation to over 30%, even after half price, tell me about the valuation bias. Now I have been selling covered calls weekly, and premium collected to sell puts. BYD makes Buffett how many times?
I'm happy for you but that doesn't answer the question of why the stock price is still less than half if things are great. Shareholders who bought $400+, $300+ and $200+ don't think so, other than the kool-aid drinkers.
nothing wrong with the folks who bought at 400 if they have a long bias. remember few big shorts got creamed by borrowing? your enemies would crash your position but the market won’t.