The valuation is just insane, and being propped up by a weird cult of personality.
A combination of higher interest rates, traditional automakers fielding some good EV options in mass, and Elon’s personal instability seem to all be hitting at once to get towards a more reasonable valuation.
A combination of higher interest rates, traditional automakers fielding some good EV options in mass, and Elon’s personal instability seem to all be hitting at once to get towards a more reasonable valuation.