Summary
Tesla faces a second consecutive year of sales decline after a 13% drop in Q1 2024 deliveries, the steepest in nearly three years.
CEO Elon Musk’s alignment with Donald Trump and far-right politics has damaged Tesla’s brand, triggering global protests and vandalism.
Analysts attribute the sales slide primarily to reputational harm, compounded by aging models and fierce competition from BYD and others.
Deutsche Bank forecasts a 5% sales dip this year. Musk’s political role has fueled calls for boycotts, with concerns that prolonged involvement could cause lasting brand damage.
I’m kind of surprised that all the institutional investors haven’t bailed already. It doesn’t take much to look at the fundamentals of Tesla and realize it’s all smoke and mirrors. The emperor has no clothes and the stock is 10 times more expensive than it should be.
I’d like to call you out for overexaggerating on the stock 10x more expensive than it should be, but if anything you might have understated it… The extreme amount this stock is overvalued is absolutely bonkers. I believe once it drops below $200 the whole house comes falling down.
Wait, it didn’t today when everything crashed 20%?