Cory Doctorow"#Tesla Joins my Imploded Stocks, -70% from Peak: Object of Religious Veneration Turns into Automaker" -Wolf Richter
via Naked Capitalism
John Gordon@pluralistic still 50% to fall until P/E gets rational. (Muskhole ain’t selling Teslas to fold I know.)
joedobner@pluralistic and it's only gonna get worse for the entire auto sector (including maintenance and repair) because EVs last far longer and break far less than ICE vehicles.
Jalopnik had a pretty good breakdown of that "problem": https://jalopnik.com/the-only-way-for-long-term-electric-car-sales-to-work-i-1839928999
The Only Way For Long-Term Electric Car Sales To Work Is To Do What The Communists Did
I saw an article recently documenting how Tesloop, a Southern California car shuttle service that only operates Teslas, has some of the highest-mileage Teslas in the world, with many having over 300,000 miles on the clock. The important part here, though, is that maintenance-wise, the cars are doing fantastic, way…