Tesla has been facing significant challenges with its sales and financial performance. The Model Y, which started deliveries in 2020, was the best selling EV last year, but sales of the Model 3 have plateaued. Despite Tesla selling 1.3 million cars in 2022, sales fell to 1.8 million in 2023 after Elon Musk's acquisition of Twitter, and the Model Y was named the worst selling car in the world. Tesla's revenue growth is also under scrutiny as aggressive price cuts have led to revenue growth of less than 4% YoY in Q3 and Q4, despite delivery growth rates above 19% YoY. Additionally, the average price of a used Tesla has declined for 19 consecutive months, from a record high of $67,900 in July 2022 to a record low of $33,913, marking a 50% decline. Critics have raised concerns about Tesla's business practices, with allegations of the Board of Directors breaching fiduciary duties and the company's financials being impaired with earnings per share (eps) less than $2, casting doubt on its status as an AI company due to its dependency on car sales for revenue.
$TSLA / @elonmusk - A Permanently Impaired <$2 eps AI Company? The best way to convince people that $TSLA is an AI company is to slash prices of the 1.5 physical products sold (that make up +90% of revenues) until $TSLA makes no profit from selling cars👀 https://t.co/6cmqNDjX7O
Sure but “full price“ on all new and used Teslas is down at least 30-40% over the last year in every global market and is still falling, so… $TSLA https://t.co/hIhjRjXnuO
$TSLA / @elonmusk - Wen RICO? Securities “laws”… Amirite @SEC_Enforcement @GaryGensler? Is it a problem if one of the most actively traded securities is a public RICO and a permanently impaired <$2eps house of cards @LisaMonaco @SDNYnews @FINRA ? Who needs securities “laws”? https://t.co/UeTJY6SFuI
The average price of a used Tesla has declined 19 months in a row, moving from a record high of $67,900 in July 2022 to a record low of $33,913 today. That's a 50% decline. $TSLA https://t.co/WCUUmBBvi8
The average price of a used Tesla has declined 19 months in a row, moving from a record high of $67,900 in July 2022 to a record low of $34,913 today. That's a 50% decline. $TSLA https://t.co/xR8O9CxWbn
Listen, FUDsters…$TSLA is cyclical (“Interest rates need to come down!”) and seasonal business (see below), just like all AI/software businesses today. https://t.co/VwxUErlUrE
Tesla $TSLA looks to be heading towards revenue growth issues as aggressive price cuts undercut growth in deliveries. Revenue for Q3 and Q4 grew less than 4% YoY in each quarter even with delivery growth rates above 19% YoY. https://t.co/cGKLZrBjuL
Things were going great for Tesla before Elon Musk took over Twitter in December 2022 — Tesla sold 1.3 million cars that year In 2023 with Musk owning Twitter sales fell to just 1.8 million and Model Y was named the worst selling car in the world We should have put Ross Gerber…
Things were going great for Tesla before Elon Musk took over Twitter in December 2022 — Tesla sold 1.3 million cars that year In 2023 with Musk owning Twitter sales fell to just 1.8 million and Model Y was named the worst selling car in the world. We should have put Ross…
$TSLA / @elonmusk - Giga Charlatan 1) Why don’t they have a Robot doing this work instead of costly sales “people”? 2) Why would anyone buy a Tesla when AI makes them available via Robotaxi? 3) When do ppl realize $TSLA is a permanently impaired <$2 eps publicly traded RICO? https://t.co/wSQMKW25aP
$TSLA / @elonmusk - Connect the dots… If $TSLA is a permanently impaired <$2 eps house of cards…🧐 That Elon has used to hype & dump while committing “fraud”…👀 Which a judge has now said he can’t do and saying the BoD breached fiduciary duties…🤷♂️ https://t.co/t47TJNR9nN
Here’s a look at Tesla’s global sales by model since 2017. The Model Y began deliveries in 2020 and was the best selling EV last year while the Model 3 plateaued. $TSLA https://t.co/zKXh2Y8JNL