Elon Musk’s Tesla is now a ‘growth company with no growth,’ Wells Fargo writes in scathing downgrade

https://lemmy.world/post/13094998

Elon Musk’s Tesla is now a ‘growth company with no growth,’ Wells Fargo writes in scathing downgrade - Lemmy.World

Imagine a car company selling the same model and style of car for over 10 years. That’s almost every car in their line up except for the goofy rust box. There is no innovation in Tesla.

Remember when Tesla was an exciting and emergent name in energy and power systems? Tesla solar tiles made solar look incredible. What has Tesla done lately to drive down costs or increase value? Nothing. They recently came out with the 3rd iteration of their on-site battery and it is a lateral move from their earlier models. There is no long term growth or money put into research. There is no innovation at Tesla.

While their cars haven’t changed visually, the technology in them has come a long way, in particular the battery tech.

To say there is no innovation isn’t quite fair.

What’s different?
Different types of cells, different chemistry, higher capacity, faster charging.

+1, -7

Not sure if those downvotes are from chemists… :)

Great news!