03-10-2025, 02:26 PM
Dan Ives, one of Tesla’s biggest cheerleaders (March 9).
March 10:
Tesla Vs. BYD: TSLA Stock Dives Below Key Support As BYD Sales Soar
Top analyst reworks Tesla stock price target amid global sales slump
This morning (at the time of writing this): TSLA down another 9%. Still massively overpriced (at a P/E of 116) for a company whose sales have flatlined, if not worse..
Just to be clear, I’m not short TSLA; I’m mentally and politically short Elon Musk. I don’t make any money from Tesla going down; I’m just hoping my country stops its rapid decline if and when Elmo stops trying to run this nation like he runs his declining companies.
March 10:
Tesla Vs. BYD: TSLA Stock Dives Below Key Support As BYD Sales Soar
In 2022, China EV and battery giant BYD's vehicle sales raced ahead of Tesla's and are now well more than twice as high, three times as much in Q4 2024. For all-battery electric vehicles (BEVs), BYD seized the crown in Q4, though Tesla led by a hair for 2024.
Top analyst reworks Tesla stock price target amid global sales slump
European registrations are in free fall, with declines of 76% in Germany, 55% in Italy and nearly 50% in Sweden and with many reports citing Musk's politics as the principal headwind.
Tesla's China sales, meanwhile, fell 49% in February, an alarming slump set against broader monthly gains for its domestic rivals. This prompted a rare comment from China Passenger Car Association Secretary General Cui Dongshu, who noted the "unavoidable risk" from Musk's "personal glory."
This morning (at the time of writing this): TSLA down another 9%. Still massively overpriced (at a P/E of 116) for a company whose sales have flatlined, if not worse..
Just to be clear, I’m not short TSLA; I’m mentally and politically short Elon Musk. I don’t make any money from Tesla going down; I’m just hoping my country stops its rapid decline if and when Elmo stops trying to run this nation like he runs his declining companies.