Quote:
Originally Posted by nfotiu
They need to fix their image more than anything. I would have had Tesla high on my list of cars to look at when we get a new car, but wouldn't even consider it now. That's mostly because of the realization that they are being run by an unstable mad man who doesn't look like he really has a clue what he is doing. Buying an expensive new car (especially Tesla's EVs) requires some faith that the ecosystem is going to stay around, parts will continue to be made, and they'll hold their value somewhat. Musk has brought all of that into doubt, and there is no reason to believe in them as they as they stand now.
That's not even taking into account the distasteful political rabbit hole he has fallen into that is likely to offend a very large segment of potential EV customers.
They need to take some drastic action or they are going to fall into a death spiral.
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I don't think they're close to a death spiral. They're just leading the market down as we go into a recession following a bubble in which growth stocks got pumped to wild valuations and for which they were the poster child. That doesn't mean they're headed for bankruptcy or acquisition. Share price =/= business. I wouldn't be surprised to see Musk turfed as CEO at some point, but they're not likely to die as a company, and they could well be a good buy again coming out the other side of the recession.