The electric vehicle (EV) sector is witnessing a significant competition between Tesla and BYD, with Tesla maintaining a lead in profitability despite BYD's growing pressure. In the United States, the adoption of EVs is accelerating, with Tesla achieving an 87% brand retention rate, surpassing Lexus at 67% and Toyota at 54%. However, Tesla's share price has seen a more than 25% drop this year, marking it as one of the S&P 500's worst performers. Analysts are divided on Tesla's future financial recovery. Amidst these developments, a Tesla short seller has controversially valued Tesla stock at $14, suggesting potential bankruptcy, while Tesla remains the best-selling and most profitable EV brand globally, having achieved over 1 billion Full Self-Driving (FSD) miles.
Tesla Short Explains Why Tesla Stock Worth $14 (and why the company could go bust) 😂 $TSLA https://t.co/Bzt1zfz29E
The Potential Downfall of Tesla Who is currently… *checks notes* The best selling EV brand on Earth, the most profitable EV brand on Earth, and has driven 1 billion+ FSD miles https://t.co/S0KuRywQ3H
Tesla’s share price has plummeted more than 25% so far this year, making it one of the worst-performing stocks in the S&P 500. Analysts who spoke to @ABC News differed on whether the company would ever recover those losses. https://t.co/RaMrS16sXh
EVs continue to pick up major traction in the US, with adoption continuing to accelerate even amidst growing challenges, according to a new Bloomberg study. Tesla maintains an 87% brand retention rate, outperforming two non-electric automakers at 67% with Lexus & 54% at Toyota.… https://t.co/rkxORHKjqM
For EVs, all eyes are on the battle between @Tesla and @BYDCompany. While Tesla has maintained a significant lead in profitability, BYD is clearly applying the pressure. #ElectricVehicles https://t.co/zoPVTOM2ze