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Tesla’s value drops $60bn after investors fail to hail self-driving ‘Cybercab’
(www.theguardian.com)
this post was submitted on 13 Oct 2024
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Gotcha. Would now be a good time to gamble?
Possibly. If Trump wins what are the odds on him letting Elon's crappy self driving cars be road legal as a thank you for all the election interference? But then what are the odds on Trump doing what he always does and abandoning everyone at the first sign of trouble. What if Trump loses?
It's a lot of ifs. Don't bet more than you can afford to lose is the only advice I can give.
The stock price/earnings ratio is still quite high. So based on fundamentals it's still not a good buy. Instead, you're gambling that in the future you'll hear more unexpected good news from Tesla than unexpected bad news.
Personally, I wouldn't take that bet.
depends on how much faith you have in elons ability to bullshit the masses. I wouldn’t do it, but some have gotten money off that gambit.
It might be a good time to invest in a high grade bond fund. Or emerging markets bonds if you want higher return.