TeslaShort
TESLA to Follow the FAANGS in 2019
Updated
People have been rushing out of Facebook, Apple, Amazon, Netflix, and Google for the past few months and piling into Tesla.
This is not going to end well when a recession starts in 2019, and the auto sector caves in on weak sales. Tesla will not survive in that scenario.
Do people really believe a high end car company selling luxury electric vehicles for $75,000 will sell more cars than the mainstream auto manufacturers? When people stop buying, they stop buying the expensive luxury cars first.
The only thing holding Tesla up is Elon Musk Fanatics on Hopium.
This is not going to end well when a recession starts in 2019, and the auto sector caves in on weak sales. Tesla will not survive in that scenario.
Do people really believe a high end car company selling luxury electric vehicles for $75,000 will sell more cars than the mainstream auto manufacturers? When people stop buying, they stop buying the expensive luxury cars first.
The only thing holding Tesla up is Elon Musk Fanatics on Hopium.
Note
GM Employee discounts for everyone? Auto makes are now desperate for sales. The last time this happened was in August 2008, and everyone knows how that ended. consumerreports.org/cro/news/2008/08/gm-employee-discount-is-it-really-a-good-deal/index.htm
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