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Has Tesla’s Market Share Peaked ?

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the staff of the Ridgewood blog

Paramus NJ, Tesla has revealed a wireless charging mat inspired by its Cybertruck’s angled design. The mat supports Qi-compatible devices and can charge up to three devices at a time at 15 watts each. It uses a charging technology called FreePower that allows devices to be charged in any position on the mat. Tesla’s Wireless Charging Platform can be preordered for $300 and will start shipping in February.

On the other hand Tesla stock nosedive accelerated Tuesday, its shares plummeting 11% in just one session. The terrible showing was the latest in a seven-day losing streak—Tesla’s longest since 2018—and knocked it out of the S&P 500 Index’s top 10 companies. The bad newsis the company’s plan to temporarily halt production at its China factory. News of reduced output in Shanghai came on the heels of last week’s report that Tesla was offering US consumers a $7,500 discount to take delivery of its two highest-volume models before year-end. But the electric vehicle maker’s problems seem to run deeper than signs of slowing demand. As 2022 ends, Tesla has seen 69% of its value vanish and the investor jitters that resulted. As for Tesla’s future?  Jeffrey Osborne, an analyst at Cowen, said of Tesla, whose valuation has long been pinned to its future growth prospects: “Our sense is the company’s market share has peaked.”

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4 thoughts on “Has Tesla’s Market Share Peaked ?

  1. what is the expected lifespan of the battery and cost for eventual replacement

    1. Google said “Replacing the battery in the Model 3 entry-level sedan and Model X premium SUV can cost at least $13,000 and $14,000, respectively. Tesla claims that Model X and Model S retain 90 percent capacity even after reaching 200,000 miles. The present battery modules should last 300,000-500,000 miles or 1,500 cycles.”

    2. Don’t quote me on this, but I have heard that battery life is about 10 years and cost of replacement at the moment about $20-$30K.

  2. Telsa’ s Market Share HAS NOT Peaked.
    However, Tesla’s WOKE QUOTIENT HAS Peaked.

    Musk MUST BE PUNISHED for supporting Free Speech…

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