Tesla, Optimus, and the 25 Trillion Dollar Question
Investors, you see, are like passengers on a rocket ship with no windows, no instructions, and a pilot who occasionally tweets about politics. Tesla’s electric vehicle business, once a gleaming star, has dimmed slightly. Global EV sales are up 35% through July, but Tesla’s automotive revenue has declined over three quarters. Why? A combination of Musk’s “political juggling act with a porcupine” and a market now crowded with cheaper, more charming alternatives from companies like BYD and Geely. The result? Tesla’s market share has shrunk from 17% to 12% globally, a drop so sharp it could cut through steel. (Or optimism, depending on your perspective.)