Didn’t they just announce their profits dropped like 45% year over a year?
https://techcrunch.com/2026/01/28/tesla-earnings-profit-q4-2...
They’ve been overvalued for a very very long time. And then the head of the company decided to alienate as many people as possible. All while pouring a ton of resources into a product that very few people want instead of saner things.
Let’s be clear tho - they are betting on two markets that have no history or assurance of success by crapping the bed with their golden goose.
Tax credits and foreign competition are bad enough, but they really could innovate through it. They could even try robots and taxis and see if it floats. Instead it’s sink the ships behind them because Elon is never wrong.
Their only benefit is the fact they can raise ludicrous capital to spend their way through many years of dumb. But that’s probably not enough to salvage the tire fire.
My odds on their humanoid robots are basically zero. China is too far ahead here and I’m not convinced there’s a material market that could develop fast enough. I am a fan of Waymo’s and use FSD but will not believe in their taxi product - they’re too far behind Waymo. I don’t think they will gain the regulatory traction they’ll need especially after pissing off every democrat and their mayors and city councils.
Sure but they also beat earnings and revenue targets, and the stock price rose. I think it was expected for EV profits to drop when the tax credit left