is becoming less impressive. Boss Elon Musk has often used exaggerated forecasts to boost the company’s reputation and stock price.
These forecasts range from how soon vehicle manufacturing will increase to the expected advent of self-driving vehicles and fleets of robo-taxis to the allure of its humanoid robot, Optimus.
In addition to regularly thwarting skeptics and short sellers, it gave the sense that Tesla was always about to discover the next great thing.
However, Musk’s actions have become so polarizing, his business so big, and its problems so obvious that the same old techniques may no longer work.
Unease is already evident in the shares, which fell over 40% from their peak after the US election. Since Musk’s pursuit of his on-again-off-again-on-again.
Takeover of Twitter caused the company’s market value to drop by more than half in 2022, investors in Tesla are, to be fair, used to such downturns.
