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Tesla Is Getting Truly Desperate
This is just embarrassing.
Tesla is worth more money than every American automaker combined. Why? They don’t sell more cars, make more profit, or have some huge technological advantage over any of their competitors. Well, it’s because at the beginning of the decade, Musk promised Tesla would achieve ridiculous sales figures and be the first to unlock self-driving cars, turning the entire automotive market into a virtual monopoly. Back in 2020, this promise didn’t seem wildly unreachable. Tesla went from a tiny, unprofitable outfit to a hugely profitable industry giant in just a few years with the launch of the Model 3 and Model Y — all while industry experts predicted they would fail and fold, and the rest of the industry had barely started their EV transition. The hype surrounding Tesla was always out of touch with reality, but this previous success propelled it into the stratosphere, given that every investor wanted a slice of the pie. Now, half a decade later, these promises not only ring hollow, but it’s starting to look like Tesla will never be able to make good on them as sales plummet and their robotaxis lag light-years behind the competition. So, Tesla’s value, and the majority of Musk’s wealth, are predicted to collapse, and they are both growing desperate to prevent this inevitable fall from happening.
