Wheels falling off cars at speed. Suspensions collapsing on brand-new vehicles. Axles breaking under acceleration. Tens of thousands of customers told Tesla about a host of part failures on low-mileage cars. The automaker sought to blame drivers for vehicle ‘abuse,’ but Tesla documents show it had tracked the chronic ‘flaws’ and ‘failures’ for years.
That’s the issue with these brands that come about acting like they have the best new ideas, do things differently because they don’t have 100 years of baggage and with that do things better because they go forward with a modern mindset.
It’s true to an extent, except that you don’t have the advantage of 100 years of trial and error to figure out what research, default practices and QA you have to do not to have a percentage of your cars have their wheels fall off.
The funniest part is they tend to fail on the things that have already been sorted out in that 100 years of trial and error because they focus on the new hotness. Suspensions and axles breaking is failing automotive basic design.
Dont forget that somehow Teslas market cap is 800+ billion somehow based on the hype around a nonexistent FSD, while VW group, Stellantis and the Hyundai Group combined doesnt hit 200 billion
The EV marlet share of tesla hasnt grown in 2 yesrs being stuck around 7-8 percent and afromentioned groups are showing increased sales across their EV portfolios, a smart wealthy man would short the fuck out of tesla as it will not survive more than 5 years
I shorted TSLA once and got burned. Tesla stock fan base can keep pumping the stock up for longer than you can hold your puts.
oh yeah, that’s why I am not doing it either, otherwise it would be a prime short stock
The problem with shorting is not knowing when people will finally catch on and the stock finally crashes.
I read somewhere one investor saying, that they don’t mind betting against tesla, they have an issue with betting against how long the market can behave irrationally.
Tesla is a stupid company to bet against as they are a stock manipulation company first, and a car manufacturer second.
Tesla has a cult like following, that’s why it’s where it is so it might not go down anytime soon. The artificial status will stay. I mean Elon is slowly working towards destroying the brand, all the brands he touches but cult like following is hard to bring down.