Stock since 2021 is down 50%
Profit, revenue, sales are all faltered or down.
50% growth rate ended up being a lie and the CFO left bc he knew it and didn't want to continue pushing the lie
I don't understand the uber bulls not accepting any criticism of the company or their investment or feel everyone is a troll (which I disagree with obviously). Past performance does not guarantee future returns with investments. It's still a wait and see I feel and I'm fine with seeing what happens in 3/5/10 years.
I think the facts are:
1) Sales YoY, QoQ has dropped which has never happened (* outside of Covid) for Tesla. No growth in sales tend to be a death spell for growth companies. I'm more interested in Q2 numbers rather than 8/8.
2) Elon is in demon mode and to me, he himself is very concerned so why aren't investors or long term people here even slightly concerned? I a lot of people bring back the days of Tesla in 2018, but the stock/company was only worth about $20 and had a market cap of $10 billion (I think). We are at a $550 billion market cap now and Elon himself is very concerned with costs/doing layoffs, telling everyone to go hardcore. You don't do that unless you are worried.
3) There has been very large inventories of cars built up now just sitting for anyone to buy. This was not common until recently. Remember how Tesla's were supposed to be an appreciating asset/car?
4) Unlike the uber bulls who will buy nothing but a Tesla, every other EV is an EV Tesla didn't sell and there is a LOT more options now vs. 2018 which only had the Bolt.
5) For folks who thought the SC network was Tesla's main advantage, that advantage is now gone as well.
6) They have cut prices of the MY (I tend to not care about the M3) by $20k in the US.
7) Their operating margin was almost 20% in some quarters, but has since dropped to 5.5%.
8) Elon has touted they should be viewed as an AI/robotics company and if you don't care for it or without it, you should not invest. That's all fine and good, but folks who believed on the earlier mission of EVs for all has a voice as well as to whether they should invest and if they don't like the FSD/Optimus, are probably getting out.
9) A few senior execs have left. This is all normal, but the manner of some layoffs has workers concerned and productivity will probably take a short term hit.
A lot of these points aren't bringing up old news. A lot are recent/from this year.