Tesla shareholders recently got excited about a new electric vehicle prototype that started circulating on social media. Many assumed it was a Tesla prototype and began sharing it, with some even claiming it made them “ultra bullish” on the company. However, it was later revealed that the prototype actually belonged to Faraday Future (FF) and was a mule for their upcoming ‘Faraday X’ model.
Faraday Future, known for their high-end FF91, is now developing more affordable electric vehicles under the Faraday X brand. This mix-up caused confusion among Tesla shareholders, who are still hopeful for new, cheaper Tesla models despite recent confirmations from the company that they will only be releasing stripped-down versions of existing models like the Model 3 and Model Y.
CEO Elon Musk’s comments have fueled speculation about new Tesla models, with some shareholders holding onto the idea that Tesla will introduce completely new vehicles. However, recent financial results and earnings calls have confirmed otherwise. Tesla’s only recent new model, the Cybertruck, was considered a commercial failure.
It’s clear that Tesla shareholders need to be more critical of Musk’s statements and the company’s direction. The focus on self-driving technology and the lack of new models in recent years have raised concerns about the company’s future. It’s essential for shareholders to acknowledge these issues and reassess their confidence in Tesla’s long-term success.
