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Going too futuristic with less focus on current market to generate profit!
As Tesla which does not have many models and all models are look alike with no difference in them.
Tesla have very bad designers, compared to other EV around the world.
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BYD is cheaper and better... just ask Volkswagen, who are cutting 150000 workers, if you don't believe me. Tesla is 20 year old technology behind a tariff wall. Nobody outside the US is buying them anymore. The have zero cachet anymore. Kitsch? Maybe they have nostalgic kitsch. Otherwise zero brand value.
And they are barely even profitable. Tesla is a meme stock. Always has been.
True
Tesla has 3 problems although 1 seems to have gone away...
1. Musk. He's pissed off people with his racism and Trump associations. That seems to have settled down a bit as Tesla's board got on his ass.
2. Rush to market features that shouldn't be on cars like their mis-named auto-pilot. That's a suicide system. Reminds me of Stockton Rush who became fish food on Father's Day 3 years ago.
3. The competition so Tesla has to drive prices down a bit.
I wouldn't be worried about Tesla going under though. They are doing OK and will continue to do so. Their designers aren't bad, but, as is often the case, high level managers can screw things up. Lots of formerly great companies fell all because of bad management and decision making. As long as Musk is kept at a distance, Tesla should be safe. He's too focused on SpaceX now anyway.
Tesla is not Musk... Musk is not Tesla
there's a group of ventures... of which Musk is the image, and Tesla has never needed to be profitable and it probably never was... most of these companies are/have been funded by US tax payers and managed by a group of very rich people...
Tesla already served it's purpose... which, was... to be a "cool rich toy" for entrepreneurs who have way too much money to spend on fancy things, and right now... their focus is on something bigger... which is Space (well, communications) and Data Mining
Tesla could fail and fall three times in a row, and it wouldn't really affect them much
It is certainly a gamble. As a new entry into a saturated market, Musk needs to do something to set his product apart from others. But creating six or seven models initially would require even more capital investment in R&D as well as marketing. I would not assume that Musk is going to fail. . . but it's possible.
I doubt it.
DeLorean never really got off the ground, producing less than 10 thousand vehicles while Tesla has produced almost 2 million vehicles, and sales are still good, despite stuff competition from Chinese BYD.
Tesla has 3 models, 3, Y and Cybertruck, corresponding to sedan, SUV and pickup truck. That's not much different from major automakers.
I don't know, Tesla and Musk have problems with lawsuits over excessive pay, losses in BitCoin, and other things, and competition from China. However, I suspect he will make adjustment to keep Tesla viable.
No, I don't think so, unless they really screw up technologically or administratively. Unlike Lucid, Rivian or Nikola, they have managed to built a critical core mass of car sales.
It would do him good to have a reality check
DeLoreans didn't have a "downfall". They drove 30 years into the future.
the tesla has not been redesigned in 4 years. I think Elon has moved on from it/The electric car is dead since Biden is gone
I think he should buy Jeep, Ram, Dodge and Chrysler and re energize them
Don't really care for any electric car. Tesla can fail is fine by me.
gotta love all the business pundits on this question.
They would've done much better going Hybrid first.
@dirtyoldman777
And have more designs to select from,
And first put cars on low profit price , as Tesla does not use dealership.
As iPhone first started will less profit or free with new accounts, which hooked everyone in smartphone , now people jump for new smartphone purchase as a it’s their life line.
Biggest Competition is BYD. And yes Elon is visions but investors support him
Sounds like especially his yahtzee saulte.
Who cares, really?
Honestly who cares that guy is a weirdo