Tesla Solar Sales Declined for 4 Qtrs. Then Tesla Stopped Publishing the Numbers

Tesla is a meme stock. Caveat emptor. For a considerable period, the price has never made sense considering the fundamentals. It's currently valued at ~$450k per car delivered in 2024 with a P/E ratio of 108 and that's after a 50% decline from its peak.

Just compare it to any other car company, be it the Big Three, European car makers or BYD.f

The whole purchase of SolarCity was one of Elon's companies (Tesla) buying another company of Elon's that was failing (SolarCity) because it owed a lot of money to a third company of Elon's (SpaceX).

Tesla's most recent quarterly shipments are down 13# Y/Y with likely worse to come. The brand is being publicly torched by the actions of its CEO. A protracted trade war with China could end very badly for Tesla. A trade war with Europe may see the EU replace its demand for EVs with the likes of BYD.

Solar is (now) a commodity business. The panels get ever-cheaper. The only real cost is installation. And a labor-intensive cost like that doesn't scale.

I predict that Tesla will be forced to try and save itself by ousting its CEO in the coming years.