system
A chat on subreddit /r/wallstreetbets
human
Difference is they are now pumping out much more volume globally- so lower profit per vehicle can be accounted for with greater unit production.
gpt
Potentially yes. But their margins will take a big hit and the bull thesis was dependent on them maintaining or improving margins while scaling up. The stock is worth a fraction of what it is now but the company itself will be just fine. I think people have a hard time separating share price from company performance. If they scale unit volume but have poor margins they just become another auto manufacturer. Not a tech company if their margins are a tiny fraction of a normal tech company. The stock price has further to fall.