I've been a huge supporter of tesla by owning this stock for years. But I was disappointed with the release of the model 3 and its premise that it will be the future mass market car. It seems to me the production cost for the Model 3 will rise each year even though the gigafactory is supposed to reduce the battery cost.
Perhaps the BMW 3 series, Audi 4, or mercedes C class buyers will buy into the model 3. But I don't think the honda accord or toyota camry buyers will pay more to get into a Model 3.
Finally, I read many reports that the Model S and X sales have basically plateaued suggesting growth is slowing.
Hopefully I'm wrong, but i think its time to short this stock.
Perhaps the BMW 3 series, Audi 4, or mercedes C class buyers will buy into the model 3. But I don't think the honda accord or toyota camry buyers will pay more to get into a Model 3.
Finally, I read many reports that the Model S and X sales have basically plateaued suggesting growth is slowing.
Hopefully I'm wrong, but i think its time to short this stock.