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Tesla's latest decline could be one for the history books, JPMorgan analysts say (www.businessinsider.com)

submitted 4 months ago by slartibartfast@lemm.ee to c/world@quokk.au

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Tesla has lost so much value in such a short period of time that JPMorgan analysts said they couldn't think of another comparable moment in automotive history.

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[–] FlexibleToast@lemmy.world 3 points 4 months ago

They were definitely already on the down trend. They haven't refreshed their designs at all. Also, they were already marking the cars down to try and sell them.