Tesla's Humongous Market Cap Is Simply Greed & Fantasy - CleanTechnica

The article from CleanTechnica critically examines Tesla's extraordinarily high market capitalization, currently nearing $1 trillion, and argues that it is largely driven by greed and unrealistic expectations rather than solid business fundamentals. Despite Tesla's pioneering role in popularizing electric vehicles and initially strong sales growth, recent data show declining vehicle sales, including disappointing performance from the refreshed Model Y and the Cybertruck. This weakening demand contradicts earlier optimistic forecasts by CEO Elon Musk and challenges the justification for Tesla’s market value, especially when compared to traditional automakers like Ford, GM, Toyota, and BYD, whose market caps are significantly lower despite higher sales volumes. The author suggests that Tesla’s valuation is sustained mainly by investor hope for future breakthroughs in AI, robotaxis, and robotics, rather than current performance. Many shareholders appear motivated by past gains and the desire to continue profiting, rather than by clear evidence of sustainable growth. The article highlights that Tesla’s original mission—to produce great electric cars and reduce costs through scale—has