Tesla Stock Tanks loses 14 billion

[RIP Pak LAW]

He lowered down and waited for successful space x and nasa joined space launched... Now reaping the fruits. I told ya wait for an astronomical rise....

 

[Hamartia Antidote]

Tesla is a artificially hyped Stock no real basis for it to be this high

Remember BYD was the top selling EV maker with a huge market in China and World ambitions in 2009 while Tesla's were basically being made in somebody's garage.

Well it turned out to be a 100% complete poser. No surprise.

How did this happen?
https://electrek.co/2019/12/06/tesla-worlds-largest-ev-automaker-byd/
Tesla becomes world’s largest EV automaker, surpasses China’s BYD

Tesla has become the world’s largest electric automaker based on cumulative sales as it surpasses China’s BYD even when accounting for the latter’s plug-in hybrid sales.

Only a few years ago, many people didn’t believe that Tesla could produce electric vehicles in any meaningful numbers, but the automaker managed to ramp up 3 electric vehicle programs: Model S, Model X, and Model 3.

During those ramp-ups, Tesla has been in close competition with BYD, China’s biggest electric automaker, to deliver as many electric vehicles as possible.

There’s always been a small rivalry between the two companies. After Warren Buffet invested in BYD, Elon Musk was asked about what he thinks of the Chinese automaker’s electric cars and Tesla’s CEO could only laugh as a response.

However, BYD kept producing vehicles at an impressive rate while Tesla was still ramping up its vehicles programs.

After its recent quarterly delivery records, Tesla has finally surpassed BYD after years of closely tailing the company