True Tesla is household name due to American protection. They are not allowing Chinese car to be sold in America at the price and implement higher import duties.
Same in Europe they have implemented higher duties on Chinese car to protect local car companies.
If they allow Chinese cars to flow they will loose value you can see in Australia BYD is taking over Tesla in sales and Tesla has to drop the price by approx. 20-30 % on popular models. Tesla sales fall by 45% in Q2 hard time in EV competition as other Car manufacturer are also coming up with new EV models.
Tesla was early adoption into EV market so they become household name and there CEO is most popular person in the world and can manipulate the market easily.
2 years back Tesla was Trading @400 USD and Low as 52W Low is 138 USD and currently @246USD which has been pumped by Traders on expected than better sales but still sales is down.
Have you seen he was so strong that the shareholders were not able to say no to his salary package which they agree to pay $51B
On another note Tesla is profitable but never distributed dividend so don't worry
As a holder of SPX i am currently happy with the progress and direction company going so non holder don't worry
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