The Wheels Are Falling Off Tesla

 

There is no doubt that electric vehicles will be a much bigger part of the American (and world) auto fleet in the future. The question is whether Tesla will be part of that future.

(From Zerohedge)

the availability of the cheaper Model 3 and emerging competition from Jaguar, Audi, Kia, Hyundai and others has crushed the demand for TSLA’s established high-end Model S and Model X. TSLA has responded with large price cuts, which to date have only generated minimal incremental demand.