I used to have a lot invested in Tesla, but I sold all my shares 2 years ago. I just don't think that their valuation is justified at the current price. So it can crash and burn at any moment.
Tesla has been underperforming for a long time. If we look back to 2021, at that time Tesla had the best battery tech in the world (maybe not on the cell level, but definitely when looking at the system as a whole), the best-performing drivetrain, and generally OK cars.
Fast-forward 5 years, and Tesla's bread-and-butter Model 3 and Model Y are still using essentially the same battery tech. The range has not increased, and the cars themselves are barely any different with only some cosmetic updates. The infotaiment system is rapidly aging, and the cars lack advanced features like vehicle-to-grid.
The FSD has not materialized, and Tesla is likely on hook for billions in upgrades/refunds to pre-2019 car owners for the promised upgrades.
Other Tesla products are less than stellar. Tesla Semi has essentially disappeared, Cybertruck is barely selling (just around 4000 units in Q2!), Model 2 was canceled, and solar is essentially dead.
The battery storage is the only area that is growing robustly with a good profit margin. But Tesla doesn't have any moat there, and competitors (like BYD) are quickly catching up.
Tesla has been underperforming for a long time. If we look back to 2021, at that time Tesla had the best battery tech in the world (maybe not on the cell level, but definitely when looking at the system as a whole), the best-performing drivetrain, and generally OK cars.
Fast-forward 5 years, and Tesla's bread-and-butter Model 3 and Model Y are still using essentially the same battery tech. The range has not increased, and the cars themselves are barely any different with only some cosmetic updates. The infotaiment system is rapidly aging, and the cars lack advanced features like vehicle-to-grid.
The FSD has not materialized, and Tesla is likely on hook for billions in upgrades/refunds to pre-2019 car owners for the promised upgrades.
Other Tesla products are less than stellar. Tesla Semi has essentially disappeared, Cybertruck is barely selling (just around 4000 units in Q2!), Model 2 was canceled, and solar is essentially dead.
The battery storage is the only area that is growing robustly with a good profit margin. But Tesla doesn't have any moat there, and competitors (like BYD) are quickly catching up.