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Tesla's value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead (finance.yahoo.com)

submitted 1 year ago by [email protected] to c/[email protected]

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Tesla's value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead::Tesla shares closed Tuesday at just over $233, well down on their 2023 peak of $291.

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[–] [email protected] 2 points 1 year ago* (last edited 1 year ago) (1 children)

That's still not luxury in this market. I priced one myself ended up at 48k. That's not luxury anymore in this market.

But I digress. I'm not a Tesla lover or anything just saying they're not luxury cars. I don't even have an EV yet and don't want a Tesla.

[–] [email protected] 1 points 1 year ago

It's more than I'd pay, which also doesn't make them luxury prices.

However, until pretty recently they were much more expensive than they currently are which is why there's a lagging perception of them being luxury.

It certainly isn't the quality.