He definitely deserves credit for bringing electric vehicles to the forefront.
I don’t know how you could call it unparallel success though. Tesla is now a profitable company, but it’s 15 year history. It’s only been two years that they’ve been profitable due to the manufacturing of cars and a large part of those profits have not been in the United States.
Since we talking about vehicles, Tesla’s best year in profit was only better than GM’s worst year in the last decade.
Tesla stock price has been slashed by over 50% in the last couple years and it’s not looking pretty as it is growth not only stalled but gone in reverse. The same with profit margins, the company has been forced to slash prices and margins to keep inventory moving, and that isn’t working out too well either.
It lost its lead in China and now it’s competition which just a couple years ago Musk laughed about sells 50% more EV cars than Tesla did in the last quarter.
In the United States at these EV price levels EVs have plateaued and this is with the US taxpayer giving away $7500 per vehicle to buy one!
Tesla has their work cut out for them. Their China sales in March were down 30% from last year in March. Think about that, it’s staggering meanwhile BYD is blowing the doors off with EV sales.
By the way, the economical Chinese built Volvo electric vehicle is arriving at our shores just about now if it’s not already here.
Click for data=
https://www.msn.com/en-us/autos/new...s-fell-in-april-as-rival-byd-grew/ar-BB1lYNTV
April sales in China down by the double digits too
https://stocks.apple.com/A0VP-idccR9KKPz-YNyFn-Q