Analysts at Investor Advisory Sites Looking for Alpha The work has been published On Tuesday, they argue that Tesla may be facing what is called the “Blackberry Moment,” caused by a combination of political and market factors.
This article and the ongoing negative impact on Tesla’s business fate are indications of how much Elon Musk is sacrificing when he runs the Doge operation for the Trump administration. (Related: David Blackmon: Al Gore will finally speak out the truth about climate change)
The “BlackBerry Moment” analogy refers to BlackBerry communication devices that dominated the personal handheld market for ten years until 2007 when Apple first introduced the iPhone. blackberrieswhich quickly declined from that moment on, because it was unable to properly assess the market and innovate to utilize evolving technology.
I’m a Tesla critic and, despite being present since the 1890s, I’m not a fan of electric cars in general due to chronic restrictions that the industry has never dealt with. In relation to this analogy, I wrote a piece in 2023. There, we observed that a decade ago the seemingly highly innovative and breathtaking Tesla body design became old and needed to be updated. I still believe that is the case.
I am also a true critic of CyberTruck’s exterior design. This is so radical that it limits its appeal to everyone except a small, wealthy subset of Americans who are far more interested in virtue signals involved in possession than the actual function of owning a pickup truck. Cybertruck sales have been fine before, but they are just fine and seem destined to decline as their audience declines.
on the other hand, Tesla It’s far from the most successful US electric car manufacturers and, as they seek Alpha, the recent stock price decline still carries a market capitalization that exceeds the market capitalization of the next nine automakers.
That’s amazing.
However, Tesla’s current $766 billion market capitalization is down 50% from the company’s value just three months ago, and it correctly points out that seeking Alpha is a completely unsustainable pace of decline. Unfortunately for Tesla and Musk, the general overall market for EVS generally stagnates, meaning that the recovery is difficult to impact.
The author of Alpha concludes this work with this review. “TSLA is a protest selling, a breakdown in brand image and a sign of an era of declining sales that rivals a decline in investors’ sentiment.”
oof.
Democrat politicians like Minnesota Gov. Tim Waltz and Texas Rep. Jasmine Crockett have completely dropped. Others laying eggs in this domestic terrorist campaign should be embarrassed and shunned by a polite society.
Unfortunately, they are not alone, and Democratic-elected officials have not explicitly condemned previous attacks on Tesla.
Tesla had already struggled with market factors that were generally determined by sliding demand for EVs before domestic terrorists began opposing the campaign against the company. Those problems are increasing due to aspects of the virtue signal of attractiveness that have rapidly diminished among the American liberal classes that have now served as their primary customer base.
So is Tesla facing a real blackberry moment? It is important to point out here that there is a need for innovative alternative EV companies that incorporate new technologies that Musk and Tesla have failed to adopt.
If such an alternative exists today, it has not been revealed. In fact, most of Tesla’s US competitors are wobbling on bankruptcy or on the brink. Furthermore, given the reality that for over a decade, most of the actual innovation in the EV space has been developed by Tesla itself, the rise of such competitors quickly seems like a real dream.
Tesla is undoubtedly under siege and is far from healthy now, but rumors of its imminent ending seem to be very exaggerated.
David Blackmon is an energy writer and consultant based in Texas. He spent 40 years in the oil and gas business, where he specialised in public policy and communication.
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