Based on the performance of Tesla stock, it seems like their demos are their product, rather than their cars. Investors have bought Tesla stock based on hype an

Based on the performance of Tesla stock, it seems like their demos are their product, rather than their cars. Investors have bought Tesla stock based on hype and promises of future performance, rather than actual company fundamentals. You can only distract people for so long with grand promises for the future. The problem is that the fundamentals aren’t amazing. Tesla is getting its butt kicked in China (world’s biggest auto market) and tariffs are the only thing stopping BYD and Nio from taking a huge bite out of Tesla. Tesla has essentially saturated the “has a place to charge and $35k+ for a new car” market in the US. The sub $20k market is up for grabs. And US protectionism won’t save Tesla in other countries’ markets.