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Read the article. "The cracks are already starting to show. S&P Global reports that while Tesla made up 65 percent of the EV market in the U.S., making it far
by blinding-streak 4y ago
Read the article.
"The cracks are already starting to show. S&P Global reports that while Tesla made up 65 percent of the EV market in the U.S., making it far and away the market leader, that number is down from 79 percent in 2020 and it’s expected to drop another 20 percent by 2025."
- testfrequency 4y agoThat’s a speculative prediction, assuming Tesla has no growth and fails to legacy auto. OP said caught up, not “catching up in 3 years”
- oneoff786 4y agoA forecast about the future is speculative, but that doesn’t mean it’s baseless. It’s unlikely to be wildly off. It does not assume Tesla has no growth. It likely bakes in assumptions about Tesla growing.
- gremlinsinc 4y agoTesla's 'market' is hipsters who are well-to-do. Upper middle class and up, in history I think the biggest political car dealership owner was Henry Ford, and he himself supported the Nazi Party in the 30s and would've welcomed them with open arms had they breached the Atlantic. Sure you can try and separate Elon the CEO from Elon the Twitter Influencer but he's saddled himself to Trump, and I for one wouldn't take a free Tesla. Ultimately Tesla's future is tied to Elon, the longer he's at the helm, the more likely the stock continues a downward trend. Same probably trends for all of his companies at this point. You can't cater emotionally to the right, and hope to sell 70% of your goods to the left. Honestly, I even used to be a Musk Fan... probably if you check my comment history circa 2016-2017, the BFR, and the mars mission video had me jonesing for an interplanetary greyhound system which thus far hasn't even close to materialized on schedule. Since, a colony was supposed to be launched by 2024. Most CEOs historically usually play close to center on politics, maybe they are openly dem/republican but they don't broadcast it all-day, till everyone is weary of listening to them rant.