Tesla Is In Immense Trouble and Musk Knows It
Things aren’t going well for the EV juggernaut.
Musk and Tesla have enjoyed a meteoric rise over the past decade, during which time they became giants in the automotive world. This growth seemed set to continue for yet another decade as competitors struggled to catch up, making many believe that soon Tesla would wholly dominate the world of transportation. But recent concerning shifts in the foreign EV and stock markets have shaken this narrative apart, exposed its profound weaknesses, and painted a far grimmer future for Tesla. What’s more, Musk’s recent actions suggest that he knows about this unfortunate reality. So, what’s going on with Tesla?
Let’s start with China. China has enjoyed a similar rise to Tesla over the past few decades and is now one of the largest automotive markets in the world. China is also rapidly adopting EVs, making it one of the most important markets for Tesla. For a while, Tesla sold well in China. But now they are being outdone by local competition.
