[mekdoonggi]

Good. Seems like the sales decline will reach the US eventually too. Even Toyota is coming out with compelling EV products this year.

Tesla came from nowhere, developed essentially one world-dominating product (lumping the 3 and Y together), then the CEO basically ruined everything.

Imagine Tesla with a "normal" CEO and marketing department. They would have a bunch of different trims and options for the 3/Y, a redesigned X, a functional truck, and a market cap of 400 billion!

[nwah1]

TSLA market cap is 1.29 trillion today.

Of course, with a P/E ratio of over 381

[mekdoonggi]

I'm aware, that part was sarcasm

[Betelbuddy]

NVIDIA P/E is 46

[bdangubic]

they are building stuff on the Moon, P/E should be 150k! building Moon stuff is cool

[KennyBlanken]

Tesla has a marketing department. It just refuses to talk to anyone except to talk at journalists...and journalists are so desperate to get quotes, they'll put up with it.

When Tesla started with the "no marketing department" nonsense, the press should have just stopped quoting them or covering them. Especially given that half the things Musk says are blatant lies.

[davidw]

One of the interesting things you start seeing and then can't stop seeing is "CEO says" journalism, where the whole article is about the CEO saying something and that's newsworthy and there's no real analysis of it or no looking at the track record of the CEO. Just stenography.

It's not limited to this one company, they'll do it with any company that's newsworthy or has a CEO who will generate clicks for their article.

[petesergeant]

> Tesla came from nowhere, developed essentially one world-dominating product (lumping the 3 and Y together), then the CEO basically ruined everything.

It seems strange to attribute only the fall -- and not the rise -- to the CEO

[adfm]

It seems strange to talk of attribution without talking about the founders.

[throwerxyz]

There exists a huge amount of Musk derangement syndrome these days.

Elon Musk is a great businessman and develops great products for general consumers. There is not much wrong with him other than his online persona... which most normal people can ignore. He's probably more normal than any other business leader.

What's weird is people lumping in some of Elon's actions with falls in Tesla sales as if he didn't:

1. Predict it

2. Gift the whole world the motivation to do it

I don't care about Elon Musk. He's a good businessman and a weird personality. But it doesn't take a genius to realise that he can't lead a winning product unchallenged, forever.

[jimbob45]

Shhhh we’re pretending that China wasn’t behind the massive propaganda campaign against Tesla to boost the popularity of their own BYD brand.

[blackoil]

> market cap of 400 billion

And hence Musk will be the CEO.

[mlrtime]

>then the CEO basically ruined everything.

Is it me or do the nay-sayers state that Elon is a grifter and added nothing to Tesla, but yet he ruined it? How can he both not create something and ruin it?

Also, Tesla isn't the only manufacturer (In the US) stopping electric cars, Porsche (IMO Taycan is the best electric model) is essentially stopping electric cars too, nothing to do with Elon.

Just my observation.

[DarkNova6]

Musk didn't found Tesla, he invested into it when it was small. Musk brought good marketing and gave the people who were declined at GM a platform. So far so good.

It was a success. He got more investment, built factories, became market leader. Built an industrial stack where there was none.

And gradually he got crazy. Dodgecoin, Nazi gestures, thinking he has to safe humanity because left radicaly are destroying it.

Instead of cutting down on costs, Tesla insisted it is the only electrical car and priced it as such. Not to mention the cybertruck disaster everybody saw from miiles away.

Meanwhile, the Chinese have the best electrics with the currently best industrial basis for production and cheap resources.

Musk has too much money, got lucky with an investment and started becoming complacent. The rest of the story writes itself.