$Tesla Motors(TSLA)$
Since Nov. 21 the single largest factor seems to be the maturing of EV commodity vehicle markets and while Musk has bragged about Tesla vertical integration and scaling - Tesla still buys the majority of battery cells from its competitors in both EVs and Energy Storage.
Finally, the delayed FSD robotaxi reveal will not arrive with either DOT licenses or insurance carriers underwriting.
All of which means in the best case scenario, Tesla still has an unregistered FSD and robotaxi, both of which again are being highly competed for by companies that already have at least some form commercial product operating in a limited field. No matter how you hype this the reality is what it is.
Market Commentary - Reversion to the Meme - November, 2021 | We Are Formidable
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