this post was submitted on 23 Aug 2023
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Tesla's value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead (finance.yahoo.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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Tesla's value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead::Tesla shares closed Tuesday at just over $233, well down on their 2023 peak of $291.

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[–] Diplomjodler@feddit.de -4 points 1 year ago (1 children)

Looking at Tesla as just a car manufacturer ist short sighted. The energy products also have huge growth potential. And whoever cracks FSD first will basically own the world. I used to be confident that that will be Tesla. But now I'm a lot less optimistic for the sector as a whole.

[–] FlyingSquid@lemmy.world 11 points 1 year ago (1 children)

Good luck with Tesla cracking full self driving without LIDAR.

[–] Staccato@lemmy.world 2 points 1 year ago

I believed in Tesla's FSD until they decided to go visual cameras only. Now I'm convinced they squandered their decade-long lead in the market on a technologically inferior strategy.