Tesla doubled in 2023 while profits dropped by 20%. This is largely due to it being included in the Magnificent 7 tech index, which also doubled on the AI theme

Rule5: we should use the original titles. As clickbaity as this original title is, I’m keeping it.

That being said, its an interesting analysis to the headwinds of Tesla moving into 2024. As yall may know: Tesla was forced to drop prices more than almost every car manufacturer out there. Cybertruck is seemingly a dud (lots of people canceling orders, poor performance in practice, etc. etc.) and Elon’s reputation continues to tank as he tweets more-and-more on Twitter.

  • dragontamer@lemmy.worldOPMEnglish
    2·
    10 months ago

    The opposite is happening.

    As crappier meme-stocks like AMC, BBBY, or GME collapse… TSLA fans are patting themselves on the back for being “smarter” than them.