this post was submitted on 23 Aug 2023
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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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[–] Diplomjodler@feddit.de 7 points 1 year ago (8 children)

No company will maintain this kind of market share forever. Over 60% ist still impressive and shows how pathetic the EV efforts of the incumbents have been so far.

[–] kameecoding@lemmy.world 10 points 1 year ago (3 children)

key words being "so far", Tesla is going to be blown the fuck out of water by what traditional Automakers are starting to offer.

[–] aesthelete@lemmy.world 6 points 1 year ago (1 children)

I'm sure too that there are a lot of prospective EV buyers that are waiting on the sidelines until a more reputable brand has something they like. (I'm one of these people.)

[–] Riven@lemmy.dbzer0.com 2 points 1 year ago

Same here, my civic is gonna be the last gas vehicle I own. Next car is all electric.

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