Tesla has a fundamental leadership problem. Few CEOs spend so much time enthusiastically enraging and attacking their potential customer base. (Not to mention politicians, unions, etc.) I’ll be in the market for an electric vehicle soon but there is no fucking way I’m spending money on anything Musk-related ever again, and I’m hardly an abberation. It will be a massive albatross around the company’s neck until Musk is no longer associated with them.
On the other hand, nobody hates Waymo. In fact, people largely love Waymo. When it comes to consumer technology, this is a massive differentiator.
Fire sale from expiring EV credits. Sales massively down in Europe and China. It’s almost inevitable that BYD and ilk will eventually eat Tesla’s lunch: the cars are cheaper, better, sexier, and have comparatively little political baggage.
Anecdotally, in my circles, Tesla isn’t even part of the conversation anymore when it comes to cars. No sign of any reversal of sentiment.
(With that said, I have no desire to bet against a meme stock.)
On the other hand, nobody hates Waymo. In fact, people largely love Waymo. When it comes to consumer technology, this is a massive differentiator.