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Because it looks like Elon recognized Tesla's inability to compete against BYD and gave up making cars. This is negative.

Since he couldn't leave it at that, he announced a pivot to a product that doesn't exist. This is also negative.



How did he give up? The model Y and the model 3 were refreshed last year. With the model 3 now pushing 750km of range.

Ford got rid of plenty of popular models including all hatchbacks and many sedans.




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