this post was submitted on 23 Aug 2023
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Tesla's value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead (finance.yahoo.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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Tesla's value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead::Tesla shares closed Tuesday at just over $233, well down on their 2023 peak of $291.

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[–] kameecoding@lemmy.world 9 points 1 year ago (2 children)

key words being "so far", Tesla is going to be blown the fuck out of water by what traditional Automakers are starting to offer.

[–] aesthelete@lemmy.world 7 points 1 year ago (1 children)

I'm sure too that there are a lot of prospective EV buyers that are waiting on the sidelines until a more reputable brand has something they like. (I'm one of these people.)

[–] Riven@lemmy.dbzer0.com 2 points 1 year ago

Same here, my civic is gonna be the last gas vehicle I own. Next car is all electric.

[–] Limit@lemm.ee 4 points 1 year ago

This is exactly right, the big traditional auto makers were watching tesla,using them as a research experiment, and now are starting to build out their own EVs. Once it becomes viable for these automakers to produce many modules we will see lots of competition in the market, tesla will be completely overrun. There's no way tesla can keep up with production powerhouses like Ford, and Toyota.