Tesla's share price dropped in the last trading session (Yahoo Finance) and down 28% for the year-to-date. But, I did notice a rise in price over the previous few days leading to this latest dip. What's up with that? Tesla make the world's worst automobile, and one model, the Cybertruck is a disgrace to trucks everywhere. It is probably the worst car ever built.
The conclusion I have come to is that Tesla is a Ponzi scheme, and fools tip money in to try and extract some value. The shareholders left at the end, when it call comes crashing down, will be the ones left holding the bag. One clever commentator explained that Tesla doesn't make its money on the cars, but on crypto currency and taxpayer subsidies. I can believe that, but have no special insight on the matter, I just look at how bad the car is and think the company must go bust.
Tesla shares fell almost 6% on Wednesday as data from Europe showed slowing sales last month, and investors grew increasingly concerned about President Donald Trump’s plan for tariffs.
The European Automobile Manufacturers’ Association (ACEA) revealed on Tuesday that Tesla saw a 40% year-over-year drop in new vehicle registrations in Europe in February, while overall battery electric vehicle sales were up 26%.
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