Part 3/8:
Tesla’s growth has traditionally been driven by hype rather than sustainable business practices. Recent figures tell a starkly different story: vehicle sales are declining. In 2023, Tesla sold fewer vehicles than anticipated and, with a price-to-earnings (P/E) ratio exceeding 100, the stock is considered vastly overvalued. January saw a staggering 45% decline in Tesla registrations in Europe, while the overall EV market saw a 37% increase. This sharp contrast is a significant red flag, indicating a waning market share that could allow legacy automakers and new EV start-ups to claw away at Tesla's dominance.