Elon sank their reputation quite thoroughly.

There’s no growth in the company; the P/E is way too high.

• The cars are cancelled.

• The cars aren’t selling.

• Autopilot turned out to not work (and there’s no runway left)

• AI isn’t considered a growth space anymore so the acquisition of Grok doesn’t boost value

• Grok is under scrutiny from multiple governments.

What does “Can’t find the bottom” mean here?

Because zero is a nice bottom and they haven’t hit that.

Negative numbers are also a nice bottom but I don’t see news of people actively destroying their Teslas.