Tesla Q2 has a 45 percent drop in profits

[Torrid]

EV sales exceeded expectations during a record-breaking quarter," said Cox's industry insights director Stephanie Valdez Streaty. "While Tesla's sales continue to decline, with its share of EV sales now below 50 percent for the first time, the overall electric vehicle competitive landscape intensifies further."
Tesla held a 55 percent market share a year ago. If Tesla were killing it so to speak they wouldn't be losing market share this quickly.

There was no one in the market but them until the last 5 years in any real numbers. They can't do anything but lose market share as the segment grows.

I think we all benefit here. Either Tesla improves their vehicles in the process and I even think they have plenty of room to improve, or we just get other better options from other manufacturers anyway. I'm still more likely to buy another Tesla than another EV right now, but I keep seeing more compelling vehicles pop up that could change that.

 

[ME_Andy]

It's true that more and more decent EV competitors are arriving, but you have to remember they are ALL selling at a loss in the USA except Tesla. They need to, to be competitive. That's pretty amazing to think about.

I'm not sure where Tesla stock is going to end up. It depends so much on the humanoid robot and autonomous driving. I unloaded most of my TSLA stock at ~$235 a couple weeks ago. Made a nice profit. I love the company but in my view, the probability of world dominance is like 70% right now. That's just not high enough to invest in.

Obviously, Elon opening his mouth about politics was dumb.

 

[97prizm]

Tesla will be belly up any day now. Been that way since about 2003, right?
Wait 'till the big boys get in! Still waiting...
Teslas are only for rich California granola heads. Model Y was the #1 selling car in the world last year.

How many other car companies have built a Supercharger network?
How many invest Billion$ in AI? Dojo baby!
How many even code their own firmware?

By market cap, even with the latest drop, Tesla is still worth more then the next 7 or 8 companies combined @ $702B. Toyota is next at a distant $260B. No one else is even worth $100B.

"Roey Kosover, director of the investment fund FinYX Fund SPC, told Investing.com that shareholders have benefited tremendously from Musk's businesses, but "some of his assertions are not always accurate." Dojo, he estimated, has a capability about a decade behind Nvidia's current power and Nvidia has an "incredible record of continuing to evolve and expand."

Apparently Dojo is a DECADE behind Nvidia. Don't get your hopes up. Musk is supposedly already tired of the car game and now wants Teslas to for over $5 Billion to xAi which is a conflict of interest. There is some serious issues coming out if musk did actually take Nvidia chips and push them to X and his goofy xAi company.