Elon Musk needs to produce more Tesla models and fewer tweets.
The other problem I don’t think has gotten enough attention, frankly, is that this is an aging lineup of cars. The Model S is now 10 years old. It’s had some updates in the middle of its life. The Model X is eight years old. We’re at six for the Model 3, and five for the Y. So, all of these cars are to the point that if this was another company, they would’ve been replaced, or more heavily updated by now.
and features get added off and on. So, these cars have been updated, but they look the same as they always have, for a very long time.I think that American car buyers especially, we tend to like the newest, hottest thing. There are examples of cars coming out that look like their immediate predecessors, like the most recent Camaro, the most recent Mini Cooper, that tends to not help sales when something looks the same. I think that there’s a fear of stagnation here.
So if we were trying to pinpoint a reason or two or three why Tesla stock has gone down so much more than even all of these other stocks that took a beating, then it might just be that there are now so many more fish in this sea of electric vehicles, and that they’re coming out with new models, and Tesla isn’t?If you’re looking for my main answer of why the stock went down, it’s China stuff, first and foremost. It’s an uncertain economy. And it’s Twitter shenanigans, probably in that order.
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