Tesla Cybertruck No Match for Car Wash

The “car wash mode” just does a few things that are important to an auto car wash: allows the vehicle to roll in neutral (so the tire pushers can work) without shifting to park, turns off auto wipers, disables the charge port from opening, and disables any of the assistants so they don’t potentially freak out from spraying water and moving components nearby. Seems like this is a simple CYA statement so if the car wash rips off the charging door or windshield wipers that Tesla isn’t liable. Seems quite reasonable to me.

I don't see the CEO of Ford liking antisemitic tweets or conspiracy theories. Musk has dug his grave himself, he had plenty of goodwill before his recent dive .

You call it negativity I call it financial fundamentals. Tesla stock has been overvalued for quite some time and continues to be overvalued, even after the mass sell-off we've just witnessed. Obviously, we can quibble over what it means to be overvalued, but I'm a bit old-school and say a stock with a P/E ratio of 14 is at risk of being overvalued. Now, the thinking is if you're in a period of low interest rates or it's a high-growth stock then a P/E ratio above 14 may not be undesirable. But interest rates are increasing, and the sales figures clearly indicate Tesla is not a high-growth stock. I conclude their P/E is therefore too high and the stock is still overvalued.

Is Tesla going to go bankrupt? No - not in any foreseeable future. Will Tesla take over Toyota or Volkswagen in sales volume? Not likely, but there are several automakers who are doing quite well without those sales volumes.

Tesla is going to learn, if they want to continue to exist, to make products that people want. Steve Jobs could convince you that you needed something when it cost under $1,000. It's a lot more difficult to do the same when the price tag is $100,000.