Similar to my "Chinese are Toast" declarations I have been making since I got into the collapse game in 2008, I have been adamant that Tesla was Doomed practically from the day Elon first rolled an EV off his production line.  Between the huge amount of debt to finance the company and the complete lack of an infrastructure to support EVs when the company was founded,  I never could see how there was any chance it could succeed.  Good thing I don't play the market though, because the adage that stocks can defy logic longer than you can stay solvent has been true, and Tesla is still producing carz while Elon keeps producing babies with his A-list Vagina girlfriends.

The cracks are starting to appear though, particularly with Hertz dumping 20,000 used rental EVs and shifting back to ICE vehicles.  Poor resale value and high maintenance costs have soured buyers, and  numerous articles in the auto magazines lately have featured horror stories about the lack of charging stations outside of major markets.  So I may finally be proved correct here in the end.

There are few Billionaires I would enjoy seeing go belly up more than Elon Musk.  I think only seeing Trumpovetsky in bankruptcy court would be more gratifying.  ;D  ;D  ;D

...and the Chinese are STILL Toast!   ::)

RE

https://futurism.com/the-byte/tesla-trouble-2024

Tesla Is in Trouble