Tesla's value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead
finance.yahoo.com
Tesla's value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead::Tesla shares closed Tuesday at just over $233, well down on their 2023 peak of $291.
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Chinese EVs absolutely have quality problems, but they are half the price. Tesla's are sold at luxury prices with third rate QA.
Chinese quality has gone up in the last 20 or so years since they transitioned from poor to industrial country. You can't cling to the cheap knockoffs you buy on Aliexpress either.
Yeah China has shown they can make good stuff but their safety ratings are still very below par.
So Tesla's have quality issues I agree with, Elon is an asshole I also agree with. But not all Tesla's are a Plaid. They start at $35k, the Y at 40k. They are most assuredly not luxury vehicles and I'm not sure why people keep thinking this.
That's a starter price, not a finisher price. (Apologies to IASIP.)
That's still not luxury in this market. I priced one myself ended up at 48k. That's not luxury anymore in this market.
But I digress. I'm not a Tesla lover or anything just saying they're not luxury cars. I don't even have an EV yet and don't want a Tesla.
It's more than I'd pay, which also doesn't make them luxury prices.
However, until pretty recently they were much more expensive than they currently are which is why there's a lagging perception of them being luxury.
It certainly isn't the quality.