$Tesla (TSLA.US)$ Excess supply shows that Tesla is just ano...
Excess supply shows that Tesla is just another car company.
Tesla bulls are just ignoring negative views. You need to have a balanced view by taking negative views into account too.
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ZnWC : Recently Tesla bulls are keeping quiet because share price is falling. Thanks for posting more negative articles about Tesla.
Quote from your article:
Tesla avoided cut-throat electric competition for nearly a decade, but the incumbent automakers are catching up and have begun to take significant EV demand away from Tesla. By 2025, several more EV models will be released by the global automakers, which will further hamper Tesla’s ambitions for market dominance.
While some are excited about the vehicle’s performance, commercial users explained automakers like Ford were more trusted in areas like repairs and maintenance, due to its network of independent and commercial dealers competing for their commercial fleet business.
For years, Tesla investors dismissed competitive threats, stating Tesla was a tech company akin to Apple. But recent demand challenges and price cutting are evidence that Tesla does not have the differentiated and cutting-edge products that the stock market rewarded them for.
bullrider_21 OP ZnWC : Tesla is supposed to be a premium brand commanding premium valuation. But with the price cuts, it is competing with those at the lower end and can't command premium valuation any more.
ZnWC bullrider_21 OP : Thanks for pointing out that Tesla is a premium brand commanding a premium value.
bullrider_21 OP ZnWC : Yes. Now cutting price and competing in the lower end means no longer premium brand.
73365960 : Damn, it's Saturday and I come on here to see if my new profile cleared and you guys are bickering about stocks. Go outside and live life, not every day has to be about stocks.
ZnWC bullrider_21 OP : Thanks for pointing out that Tesla is price cutting.