Th Rise And Fall Of Tesla
TSLA has been one of the most "emotional" stocks in 2022. Rising for no reason to absolutely irrational levels and then dropping like a stone. What is interesting is what were the drivers for that behavior. The fall is probably much easier to explain: it is back to reality. Recession is on the horizon and as a car maker Tesla does not have any inherent advantage. The autonomous driving software does not work (not a surprise, as this is one of the most challenging problems to solve) and the rest - batteries, electric drive trains, software subsystems are equivalent to many other EVs. To be honest (without diving deep into the details), it is a car like may other cars. Some like it, some don't, but in the end there is nothing special about it. In other words, the competition has caught up and now it is a matter of individual taste, and even more importantly, even a decision to own a car at all. The rise was driven entirely by hype and led to the 2022 peak of irrational exu...