Yesterday the media "credited" a German auto writer for the sizable dip in TSLA's share prices. Upon reading his article, the writer makes several inaccurate assumptions. First, why does he assume that every would-be Tesla buyer in Europe only intends to drive the car hundreds of miles at a time? Studies have shown that the majority of all car buyers will very rarely exceed the battery capacity in a single day. Second, is the author oblivious to the fact that European buyers are able to plug their cars in when they get home!? This is no different from how people plug their cell phone in right before they go to bed at night.
Many countries in Europe appreciate quality built, luxury vehicles. Tesla offers one that faster, safer, and doesn't use petrol that costs drivers in the European market $6 a liter!
Tesla is working very hard to expand production capacity and increase the number of models, as well as erect Supercharging stations that are powered by the sun. Since Tesla is a growth company and we are in the early innings, the stock price will continue to increase with every incremental improvement the company makes.
The horse carriage makers didn't like it when Henry Ford mass produced the Model T. They said it was loud, noisy, slow, scared the horses, and would never replace a good horse. Tesla vehicles are fast, quiet, and will eventually replace cars with internal combustion engines. Only this time Elon Musk isn't scaring horses, he's scaring the auto and oil industries.