Four Days of Free-Fall Mania. Dream goes up in smoke. Passed over by Etsy, Teradyne, and Catalent.
I’m in awe of how a tiny automaker with less than 1% global market share is a Supernatural Phenomenon and the 7th most valuable US stock.
Tesla’s share of the EV market plunged to 8.7% year-to-date, from 18.4% last year. Competition is now huge and across the spectrum. Tesla faces the same situation globally.
The time for deals on new vehicles has arrived.
Hahahaha, that should have been the universal headline.
To mark this moment in the history of insane stock prices where a tiny automaker with a global market share of 0.5% and a big loss in 2019 became the most valuable automaker in the world.
Look, I’m rooting for Tesla, a tiny auto maker shaking up the giants, with its global market share of 0.5% and $862-million loss in 2019. But Tesla gets to have supernatural shares that can go anywhere at will.
You’ve got to admire Musk for snookering true believers into buying $2 billion of new shares a month ago that are now down 52%.
Market share of EVs reaches 5.3%. The registrations data is out in all its glorious detail.
The WTF stock chart of the year. And another WTF chart of just how tiny Tesla is compared to the top 10 automakers.