$Tesla Motors(TSLA)$ 100 back to bottoming. tesla's sales collapsed. i think musk, this arrogant idiot, is 60% responsible, followed by the rise of hybrid and range-extended cars.
musk hesitating to develop new models. it's likely that only recently, after realizing the situation wasn't right, did he start thinking about the next generation of cheaper models. the new car probably won't be globally produced until 2026, with no preparation beforehand.
$XIAOMI-W(01810)$ took about the same time from announcing to mass production; everything has cooled off. munger hit musk's personality flaw on the nose, too arrogant, thinking that relying on two rough houses and fsd pie in the sky would lead to easy victory, completely ignoring the huge progress of new forces in china.
what's even more ridiculous is that xiaomi, which started ten years late, is now gradually achieving autonomous driving.
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