Elon Musk Destroyed His Last Hope Of Salvaging Tesla's Market Dominance

Summary

  • Tesla, Inc. faces shrinking market share and declining sales in both Europe and the US, despite overall EV market growth.
  • CEO Elon Musk's political involvement has alienated core EV buyers, while failing to attract significant new customers from the right.
  • Polling data shows deteriorating public perception of both Musk and Tesla, with favorability lagging major competitors.
  • Given competitive, economic, and brand headwinds, I remain massively bearish on Tesla and see significant downside risk ahead.
  • Looking for a helping hand in the market? Members of Crude Value Insights get exclusive ideas and guidance to navigate any climate. Learn More »

President Trump Holds Press Conference With Elon Musk in White House"s Oval Office

Kevin Dietsch

Things are getting really ugly for electric vehicle company Tesla, Inc. (NASDAQ:TSLA). Back in April of this year, I decided to revisit my Strong Sell thesis on the company. Leading up to that point, the stock

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This article was written by

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Daniel is an avid and active professional investor.

He runs Crude Value Insights, a value-oriented newsletter aimed at analyzing the cash flows and assessing the value of companies in the oil and gas space. His primary focus is on finding businesses that are trading at a significant discount to their intrinsic value by employing a combination of Benjamin Graham's investment philosophy and a contrarian approach to the market and the securities therein. Learn more.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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