Comment by jmyeet

The only thing keeping Tesla afloat currently is tariffs and restrictions on far cheaper and far better foreign alternatives. That's not a solid foundation. It's certainly not a trillion dollar company.

The dam is breaking. We have Canada lowering tariffs and agreeing to allow the import of Chinese EVs (limited, at least to start with) and the US administration goes off on Canada for doing it because they know what it means: crumbling American influence.

South America, Africa and Asia are likely forever lost to Tesla. And European sales are tumbling.

The supercharger network will maintain some inertia for some time but only for so long.

You can see this in Tesla announcements about attempts to diversify. AI robots? I'll believe it when I see it. Robotaxis? Well you're reliant on FSD for that and you have stiff competition in Waymo and who knows what China is cooking up there.

The GP was correct: it's a meme stock. It's no longer an investment in a business. It's an investment in Elon and, more generally, an investment in the administration. There's no fundamental way to predict how that goes and on what time scale. If you want to gamble, gamble. But gamgling is what it is. And, just like Twitter, I guarantee you the people at the top won't be left holding the bag.