The Investment Thread
I think the story is simply one of multiple compression. China sales aren’t going as planned (and the China consumer story isn’t positive). The EV market in the rest of the world and especially US is getting more and more competitive and some of Tesla’s shortcomings are more and more evident. Does the battery and other tech story justify a re-inflation of the multiple? Or is Tesla a car manufacturer with growing headwinds both of which support the declining level from a multiple standpoint? Then you add legitimate questions about the focus of the company’s leadership and it seems hard to me to think there’s going to be some kind of a bounce. Level off maybe.
But I’m wrong about this kind of stuff all the time. 😁
Kinda tempting to play a swing in TSLA
I think the story is simply one of multiple compression. China sales aren’t going as planned (and the China consumer story isn’t positive). The EV market in the rest of the world and especially US is getting more and more competitive and some of Tesla’s shortcomings are more and more evident. Does the battery and other tech story justify a re-inflation of the multiple? Or is Tesla a car manufacturer with growing headwinds both of which support the declining level from a multiple standpoint? Then you add legitimate questions about the focus of the company’s leadership and it seems hard to me to think there’s going to be some kind of a bounce. Level off maybe.
But I’m wrong about this kind of stuff all the time. 😁