Tesla Downfall Near as China’s EV Sells More Cars and Offers Free FSD – Is Tesla About to Crash the Entire U.S. Stock Market?
Heading into the 2024 U.S. Presidential elections, Elon Musk used his X bully pulpit and an interview with Joe Rogan the day before the elections to state: "Vote like your life depends upon it!" The implication was that if America did not elect Donald Trump, our lives would end, or become much worse. I wrote on election day: "Elon Musk Wants Americans to Vote because 'Your' Life Depends upon it, or 'His' Life Depends on it?" Now, almost one month into the Trump 2.0 presidency, we can clearly see that it was Musk's life that was in danger if Trump lost the election, because consumers overwhelmingly are turning away from his over-priced and over-hyped Tesla Electric Vehicles (EVs), and the main thing that has saved him since the elections is his close relationship to Donald Trump, as he is using the Trump presidency to eliminate the agencies who were investigating him, and investigating how dangerous his Teslas are on American roads. Still, Musk cannot go on fooling the public forever, and at some point he has to actually produce what he has been promising for a decade and a half, which is a Full Self Driving (FSD) vehicle where Tesla owners can become rich millionaires by renting out their Teslas as Robotaxis. Even though these FSD Teslas that can allegedly be used as Robotaxis are still not available, Tesla earned over a half $billion in sales last year from its "Full Self Driving system", which Tesla drivers across the U.S. have been led to believe will make them rich, at some point in the future. Well, there is just one problem with selling AI hype for over 15 years now. Eventually the day will come where everyone will wake up and realize that they've been scammed. That day may have just arrived last week, as the China-produced Byd electric car, which surpassed Tesla as the world's most popular EV in sales at the end of 2023, announced that they were now going to also include their FSD feature, for free.