Did Tesla's Fall Catch You Out? What Investors Missed
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Tesla spent the year talking about robotaxis, humanoid robots, and trillion dollar AI chip plans, yet shareholder returns told a very different story. Investors who held Tesla over the past year are down 20.7%, including dividends. If you had committed fresh capital on 16 October 2025, you faced a company with rising revenue but slipping net margin and heavier AI spending. Which of those signals deserved more weight before making that call? The useful thing about a Narrative is that the...
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Did Tesla's Fall Catch You Out? What Investors Missed
Tesla spent the year talking about robotaxis, humanoid robots, and trillion dollar AI chip plans, yet shareholder returns told a very different story. Investors who held Tesla over the past year are down 20.7%, including dividends. If you had committed fresh capital on 16 October 2025, you faced a company with rising revenue but slipping net margin and heavier AI spending. Which of those signals deserved more weight before making that call? The useful thing about a Narrative is that the...