Saying “don’t be bearish on Tesla” implies potential downside: operating margins dropping to 7.6% reflect aggressive price cuts (10-15% globally), and Chinese EV competitors like BYD, with 20% lower prices, are eroding Tesla’s 50% market share (down to 20% in 2023). A projected 5% delivery growth slowdown in 2025 suggests near-term risks, with a potential 10-15% correction.



