If they're not ready to replace gas and drivers, and honesty is more important than shareholder returns I still another 50% downside closer to something like what Meta has priced.
even their regular EVs sell no volume at all and are already being destroyed by traditional brands
Tesla: 564,873 and 19% share (vs 22.7%) BYD: 326,236 and 11% share (vs 5.5%) SAIC (incl. SAIC-GM-Wuling): 321,289 and 10.8% share (vs 14.5%) Volkswagen Group: 216,004 and 7.3% share (vs 10.7%) Hyundai Motor Group: 167,305 and 5.6% share
https://insideevs.com/news/601770/world-top-oem-ev-sales-202....
for instance in Prague you will hardly see any Tesla, it's all mostly VW, Skoda, BMW, rarely other brands
These are European market share numbers for 20+ countries, not some US or China nonsense claimed to be world numbers:
Top plug-in automotive groups (share year-to-date):
Volkswagen Group - 20.0% share (Volkswagen brand at 7.4%, Audi at 5.8%)
Stellantis - 16.3% share (Peugeot brand at 5.6%)
Hyundai Motor Group - 11.6 % share (Kia brand at 6.3%, Hyundai at 5.3%)
BMW Group - 11.1% share (BMW brand at 9.1%)
Mercedes Group - 9.2% share (Mercedes-Benz brand at 8.2%)
Renault-Nissan-Mitsubishi Alliance - 8.7% share
Tesla - 6.7% share
https://insideevs.com/news/613789/europe-plugin-car-sales-au...
right now europe is basically rest of world for EV. in US and china EVs are starting market penetration at the top down, tesla is a status symbol. europe is relatively poorer so it is no surprise they are on VW/skoda/whatever else.
American's and Chinese are people too...and potentially Norwegiens, I'm not sure.
I think statistics don't work the way you think they work :)