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It's down 26% since he took an active role in government, and we haven't seen quarterly results showing the sales dip since.

• rcMgD2BwE72F 2y ago
  >we haven't seen quarterly results showing the sales dip since. Which are caused by the retooling of the Model Y production lines which took 3-5 weeks. Y represents 2/3 of the sales globally and all factories where down simultaneously. Deliveries are back up in China and at current trends, they might achieve ~130,000 sales - just like Q1 2024, even though they had to close down their most production factory lines. China is the first to get back to speed but it says a lot about the "sales dip" which is actually a planned production dip.
• rcMgD2BwE72F 2y ago
  >we haven't seen quarterly results showing the sales dip since. Which are caused by the retooling of the Model Y production lines which took 3-5 weeks. Y represents 2/3 of the sales globally and all factories where down simultaneously. They started 2025 with only 12 days of inventory worldwide. Deliveries are back up in China and at current trends, they might achieve ~130,000 sales - just like Q1 2024, even though they had to close down their most production factory lines. China is the first to get back to speed but it says a lot about the "sales dip" which is actually a planned production dip.
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• JeremyNT 2y ago
  Tesla a meme stock though, it's more about the Elon cult of personality than any real market fundamentals. Its performance is only loosely coupled with the actual car business. Honestly it's surprising that it's still so high. Compare it to any other car manufacturer and its valuation seems ludicrous. A lot of people are somehow still persuaded that the company is going to have some kind of amazing breakthrough Any Day Now.