Tesla Is No Longer A Growth Company, Here’s Why
Tesla isn’t the company it once was.
For the past decade, Tesla has been the growth company. It has revolutionised several industries and, in the process, garnered a truly gargantuan market share and driven its stock price to the Moon. However, this disruptive and revolutionary approach can’t produce growth indefinitely, and Tesla is coming to the end of its growth. That isn’t just me saying that; several major investment banks, brokers, and funds that used to be big Tesla supporters are now backing off from their positions on Tesla and downgrading their predictions of its future. Wells Fargo even branded Tesla a “growth company with no growth.” So what has changed? And is Tesla doomed to stagnate from here?
Let’s start with the obvious elephant in the room. Self-driving.
Many serious analysts used to predict that Tesla would be worth well over a trillion because of its self-driving technological lead. A few years ago, such a future seemed 100% plausible. It doesn’t now because of Musk’s silly decision to go against his engineers.
You see, back in 2021, Musk switched all Teslas to Tesla Vision. This meant that Autopilot and FSD would use only video data to understand the world around them. The update also meant that old Teslas would stop using their ultrasonic…
