For cars, US has lot of demand, next comes China and then Europe. Tesla systematically created factories each location one by one.
There are more than 150 EV cars companies are trying to compete each other and none can match Tesla’s record.
Its competition with Chinese, Korean and Japanese => Competition is welcome and Elon also welcomes it !
The funniest part is when whole world has Tesla’s leadership in EV market and raised the valuation to $750B, still skeptics are here in this blog !
It is the exactly like what Andrew Left and Melvin Capital have done with GME !
The current TSLA correction with sync with S&P & Nasdaq Correction going on, that is all.
As I said many times, TSLA’s future for next 20-30 is so good and company value will be merged to 20 years of DCF valuation with proper Assumptions.
Still TSLA is leader in EV space and EV revolution will replace entire ICE cars in next 10-20 years.
BTW: I do not own single TSLA share, but will own when it dips at low and hold for long ! Waiting for opportunity !!