You spent years comparing Tesla to GM and Ford, that's why I keep coming back to them. I take it that competition with auto manufacturers is done with, particularly with US manufacturers who are struggling to build EVs for many reasons.
This means you finally acknowledge Tesla isn't exclusively a car manufacturer and thus you expect better margins, as a tech company, an energy company, etc. At least we're getting on the same story.
Tesla's 414 was at a peak of a retail frenzy and exuberance, not just for TSLA shares but across the market.
Since then, we've had Musk's coming out moments leading to his Twitter purchase and increased mental volatility.
We've had unions, their media links and their political patrons going after Musk and indirectly Tesla.
We've had the last century's energy powerhouses and associated industries funneling money into politicians, media, research, etc. to challenge environmental decay, alternative energies and anything that seeks to displaced the status quo.
Finally, as TSLA joined the big league, big funds bought in, which had the effect of damping share price frenzy for more controlled and predictable profit taking. TSLA may be stuck at around 250 but 2023 was a highly profitable year for traders.
Musk said a few years ago that cars were just vehicles for high profit margin businesses, like batteries, like self driving applications, like AI, like bots, like energy delivery.
The naysayers are those who stand to lose money from Tesla's success, those who want everything yesterday and those who are too offended by Musk to appreciate his achievements.
Musk has decided that it was more important to grow volumes than profit margins. He is taking the longer view over short term profits, to the dismay of some, like me, who want to be rich today. He is right of course. The tech titans have shown, financial success is charging small amounts to large numbers of people. In 2024 Tesla will break the 2 million vehicle sales.
I will find your post of 2-3 years ago when you laughed off Tesla selling 2 million vehicles by 2025.
