Why do people not believe Elon?
When he said don't buy anything for the next 18 months, while he was actively selling his Tesla shares, why not believe him?
When he said exactly what the company's focus would be in 3 secret plans, why doesn't a single analyst take the time to read these documents?
Read them, especially the most recent, and you'll see that the company has no interest in what it's share price does, in share price movement, or ever paying a dividend. In previous plans the focus was on disrupting the global ICE car markets. They'll continue reducing prices to force other manufacturers to do the same, to force price parity with similar sizes ICE vehicles. It's not about sales for Tesla, it's about using EV competitors to disrupt an industry.
In plan 3 vehicle sales are barely even mentioned, and it's all about disrupting the global energy markets. They'll probably keep ramping EV production as a revenue source, but expect a total and expensive shift in focus.
Tesla is a terrible speculative investment. I've still got buy orders open around $69 because I see a drop that low as realistic. I also still hold my shares because I believe in what they're doing and am proud to be a part of that.
Tesla: Expecting Shares Down To Double-Digits By End Of 2024
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