Comment by breve
5 hours ago
I still remember when Tesla was going to sell 20 million cars per year: https://www.reuters.com/business/autos-transportation/tesla-...
Now, mysteriously, Tesla's new target is 20 million in total by 2035: https://www.nytimes.com/2025/09/05/business/elon-musk-tesla-...
That'll be fewer cars sold in what will then be the 32 year history of the company than Toyota sold in the last two years.
And, given that Tesla is typically full of lies and hype, maybe they won't even achieve the new target.
I can’t control the stock price or the hype cycle. I’m only interested in past and present outcomes.
The present outcome is Tesla's sales are down for the second year in a row even though the global EV market is growing.
That result comes from a combination of competition, product flops, and self-inflicted brand damage. Swasticars aren't good for sales.