TSLA is down 18% YTD. That's because their business is doing so well?
You're aware that the "expectations" are they run a profitable company, right?
>You're aware that expectations are increasingly that Tesla's business is struggling?
You're aware that the expectations are increasingly that Tesla's business is stable, and showed record deliveries and backlog in Q2?
>TSLA is down 18% YTD. That's because their business is doing so well?
Auto manufacturing sector (DJUSAU) is down 16% YTD, and Tesla's stock is overpriced to begin with. Tesla's most direct competitor in the US, Rivian, is down 34% YTD. Stop getting your business/economic news from BlueSky/reddit.
And where should they get them? From Twitter?
Credible business/economic news outlets.
>From Twitter?
No.
October 2: Tesla deliveries fall 2% as US consumers buy fewer EVs
July 23: Tesla shares tumble 11% as discounts hit profits
April 2: Tesla reports weaker than expected 6% rise in global deliveries
January 29: Tesla scraps models in pivot to AI as annual revenue falls for the first time
Tesla growth is slowing, margins are getting crunched, competition is heating up. Tesla knows they're fucked so they're pivoting into AI. The pivot into AI might work, but Musk himself unambiguously thinks Tesla is fucked as an automotive company.
That's why Musk is trying to claim Tesla isn't an automotive company (except when comparisons to such suit him and his cultists, of course).