Neil Freiman
๐ค SpeakerAppearances Over Time
Podcast Appearances
And while EV sales are slumping, there's an interesting data point that they aren't slumping as bad as all of the other EV companies, which we know Ford took this $19 billion
$19.5 billion write-down earlier this week after this $7,500 tax credit was removed.
So Tesla's sales are declining, but its market share is actually increasing because it's not doing as bad as the other EV companies as well.
So that is an interesting wrinkle in Tesla's EV story, but that's not really the story that Elon Musk wants to tell at all.
He wants to tell you that Tesla will ultimately sell 1 million humanoid robots that are called Optimus, and they're going to have self-driving cars in every city across the globe.
What a roller coaster for Tesla stock.
If you're a Tesla stockholder, you have a lot of whiplash.
This year, there was a 36% plunge in the first quarter.
That was the worst quarter that Tesla's had since 2022.
That was when Elon Musk was doing all his Doge things.
And there was a lot of slumping in the
EV business in particular.
And robo-taxis seem like a long way off.
But now there's been a huge comeback over the rest of the year.
Tesla stock is now up 23% of the year.
It's outpacing a lot of the rest of the Magnificent Seven for the last few months.
So Elon Musk now worth, what, $630 billion.
Jeez Louise.
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