Categories


Share
twitter
linkedin
facebook
Tesla Drivers
Tesla Drivers

Tesla controversy: The interest in Tesla and its EV charging is fading, but it will become one of the most profitable companies in the USA

2 Dec 2022 4 mins to read

Do you invest or not in Tesla EVs and its charging infrastructure next year?

Tesla controversy: The interest in Tesla and its EV charging is fading, but it will become one of the most profitable companies in the USA
Summary:
  • Tesla seems to register a 50% stock drop in 2022;
  • According to this year's survey organized by Kelley Blue Book, people's interest in Tesla is fading;
  • At the annual meeting of Rob Baron's Baron Capital with 5,000 investors and Elon Musk, its founder Rob Baron discussed the current situation of Tesla and made bold predictions about its future;
  • Baron sees this stock drop as an opportunity for everyone to buy a share of Tesla and invest now while the price is low. He further declared that Tesla would be the world's largest and most profitable company in ten years.
electric car charger installation

Energy5 provides end-to-end EV charging solutions for businesses

From incentives to funding, permits, installation and software, Energy5 is your trusted EVC partner.
Request a callback

Today, the world's economic situation stops people from investing and makes them reevaluate their finances. Everyone, from big corporations to small businesses, meticulously plans their next moves and doesn't rush into uncalculated investments. Stocks are crashing, and Tesla seems to register a 50% stock drop compared to the beginning of 2022. But one of its main investors, Ron Baron, doesn't worry and is very optimistic about the company's bright future.

People don't buy Teslas anymore

According to this year's survey organized by Kelley Blue Book, people's interest in Tesla is fading, but there are valid explanations for this phenomenon. If we compare the number of Teslas sold in the past 5 years annually, side by side, we would see that the numbers are steadily growing. Tesla's Superchargers Network of electric car chargers is expanding across the country and winning over other network operators, which means - Tesla still should be a popular choice among Americans.

On the contrary, Tesla is still a popular choice, but the financial instability that hit our country this year has created uncertainty in people's lives. Until recently, Model 3, Model S, and Model Y were among the most popular luxury car brands. However, the numbers in the third quarter of 2022 are dropping significantly, leaving only Tesla Model 3 on the competitors' ranking. Still, Americans would consider buying a Tesla Model 3, and one of the issues stopping them is the lack of a steady commercial car charging station infrastructure. Of course, money is another reason they don't rush into buying a Tesla.

Experts say Americans are waiting for new electric car incentive programs to be available in 2023. The government will offer $7,500 for every new EV car sold, a great opportunity to save money in 2023. Even more, people are entering the Christmas season and expect to spend a lot on gifts, leaving only a tiny portion of Americans who can afford to buy a new car at the end of the year.

Tesla is expected to be the largest and most profitable American company in the EV and EV charging industry

At the annual meeting of Rob Baron's Baron Capital with 5,000 investors and Elon Musk, its founder Rob Baron discussed the current situation of Tesla and made bold predictions about its future. Although Tesla sells a considerable number of cars annually and builds a widespread network of electric charger infrastructures, it experienced a stock drop of about 50% in 2022! Tesla's funds consist of almost 45% of all of the Baron Capital stock, but it doesn't bother its founder at all. 

Baron sees this stock drop as an opportunity for everyone to buy a share of Tesla and invest now while the price is low. He further declared that Tesla would be the world's largest and most profitable company in ten years. We can expect this kind of development since Tesla plans to expand its domestic manufacturing process, build an entire system of renewable energy sources for its productions, and deliver a new North American EV Charging standard on the market. These are just a few plans, but we will surely see thousands of commercial car charging stations operating under the Tesla name.

Is all the fuss around Tesla a rumor or a fact?

Elon Musk has been working on EV technology improvements for the past 20 years. Do you still question his company's future in the USA? Of course, the economy and the stock market are unstable and would never be predictable. We have seen many companies achieving major success and crushing the next day. But Tesla is not any other company, and its current status, mindset, and plans paint a clear picture - whatever the challenge, this company can survive and deliver outstanding results. Tesla is one of the top EV charging companies on the market, and its products will never cease to amaze us. 

Whatever course this company decides to take in the next ten years, we hope Tesla will do its part in helping our country develop a strong and reliable EV charging infrastructure.

Get a free consultation

Energy5 provides end-to-end EV charging solutions for businesses

From incentives to funding, permits, installation and software, Energy5 is your trusted EVC partner.
Request a callback
electric car charger installation

0 Comments


Add comment


Related articles

More articles

Stay updated

Keep an eye on EV Charging news and updates for your business! We'll keep you posted
logo
Energy5 EV Charging solutions comprise a full range of end-to-end turnkey services for businesses. From permitting to incentive acquisition to installation, management software, and down-the-road maintenance, Energy5 streamlines the whole process every step of the way.
BlogIncentivesCalculate your profitHardwareSoftwareAbout UsContact UsPrivacy PolicyTerms of Use
Address
300 W Somerdale Rd, Suite 5, Voorhees Township, NJ 08043
Email address
hello@energy5.com
Phone number
(856) 412-4645
logo
Energy5 EV Charging solutions comprise a full range of end-to-end turnkey services for businesses. From permitting to incentive acquisition to installation, management software, and down-the-road maintenance, Energy5 streamlines the whole process every step of the way.
HardwareSoftwareAbout UsPrivacy PolicyTerms of Use
Address
300 W Somerdale Rd, Suite 5, Voorhees Township, NJ 08043
Email address
hello@energy5.com
Phone number
(856) 412-4645
Powered by US Energy Solutions