Stock is betting on VP Musk continuing to pull up the ladder for all the EV competitors. Tesla CEO Musk got his fed grants to build out his charger network, now it's time to make sure no one else does so his remains on top.
Downvote if you must, but the man knows how to protect his moats while branding it "ending wasteful government spending".
He may know some things, he got pretty far. But he seems to make some of the dumbest moves. While his 180 turn in politics may have got him closer to his power goals he alientated too many people who used to buy into his vision. Republicans don’t care about EVs or whatever Musk wants to sell them so it seems poorly though out…
But competitors are already here and as others have stated Tesla sales are free falling outside the US, at best that’ll only work for the US. Even in that best case I don’t think that market alone justify the stock valuation. But even in the US I don’t get what will be the Tesla mass demographics anymore.
Downvote if you must, but the man knows how to protect his moats while branding it "ending wasteful government spending".