People sold me on Tesla as the future of EVs. EVs were going to dominate the automotive industry and Tesla's tech especially the battery tech was so far ahead nobody would ever catch up.
Fast forward to present day and Tesla is being passed by BYD. Americans seem to be rebelling on EVs in general due to cost. Now Tesla is no longer a car company it's an AI company, an energy company, a robotaxi company, a robot company, anything other than what the business primarily does today which is sell cars.
This whole Tesla isn't a car company when right now it is obviously a car company is so wild to me. If today we banned Tesla from ever selling another car since it isn't a car company it would have zero impact on it right? Nintendo isn't a car company and if they were banned from selling cars nothing happens. I'm pretty sure if Tesla was banned form that the company goes out of business.
The initial investment thesis on Tesla collapsed right from under it's investors and instead of re-evaluating it with a level of skepticism they seem like they just blindly pivoted to a new thesis. The things they say Tesla will become don't contribute any meaningful revenue to the bottom line right now and don't seem like they will for the foreseeable future.
Don't even get me started on the supposedly autonomous robots that had remote operators. There is a long runway between robots and robotaxis being able to support this business and the present business is eroding.
Is this just people behaving irrationally with blind faith or am I missing something major?