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There is some kind of shady deal going on, I bet. 0 reason why Tesla is worth more than like the next 12 biggest auto makers combined. The argument previously is that they're a tech company with FSD, but that has become increasingly untrue as the years, missed targets, failed upgrades, and lack of implementation continue to pile up. Add-on Cyber Truck failures and Musk basically abandoning Tesla to play Govt Undertaker, and the company itself looks worse positioned than at any point in time.
I’ve been trading TSLA stock for a few years now, and Elon has been manipulating the stock price using his celebrity status for just as long. I remember that at one point the SEC was gonna press charges but instead they came to a compromise in which Elon would not tweet anything about TSLA without first submitting the tweet for SEC approval.
The other thing is that TSLA is majority owned by retail investors, who generally speaking buy based on vibes and hype rather than sound fundamental analysis. The price is not logical and most analyst have said so for ages now. The company had like one or two real good years, anything before that and after that has been a nonstop hemorrhage of cash. But in my analysis the reason TSLA stock can no longer sustain this price is that their strategic advantage has been almost entirely eroded. Self driving cars? China beat them to the punch. Robotaxis? Awfully behind, they are going to be entering a crowded market by the time their tech is ready. Robots? Same as above, I mean Boston Dynamics has been doing this for two decades now. Cars? Every automaker makes an EV at this point and quite a few of them are actually nicer than Tesla even if they don’t have all the gimmicks.
TSLA is for electric vehicles what IBM was for computers.
5 years old, and has proven itself time and time again
https://www.reddit.com/r/options/comments/hk7nqe/tesla_infinity_call_gamma_squeeze/
Nope
Las time I looked at that institution ownership was lower, but we are still talking about a 40% retail owned company though, that’s a lot and it’s a big driver in the overvaluation.
Market cap isn't the same as market share, the reason their market cap is so high is because people are bad at investing and can be easily manipulated by a con man.
We're saying the same thing, just one more eloquently than the other (you than me lol).
I was mainly meaning that there doesn't really have to be a shady reason their market cap is so high, people are just dumb.
Fair, but I do think it is deeper. His current ties to the administration have some current implications, but even prior to that, the amount he received with govt contracts and his habit of over-promising and under-delivering make me skeptical that the upwards trajectory can largely be blamed on retail investors. His cult of personality certainly is a portion of it, but I don't think it would just be that.
I'm also just a stupid person bitching on the internet, though, so give me thoughts whatever weight you'd prefer lmao.
I don't think it's solely because of retail investors, there are a lot of venture capital firms that are also really stupid about where they keep their money, as well as foreign investors like the Saudi.
Imo when the market overcooks right before a recession a lot of capital holders don't really know what to do with their money and so they end up investing in things like Tesla, the next tallest building in the world, or weird projects like Neom.
I mean, next tallest building in the world is at least a tangible object lol. FSD is 1s and 0s that they say work given very narrow parameters and weather. But yeah, completely agree
IMO its currently propped up by two effects. Musk going hard right making investors think Republicans will buy Teslas to support Trump. I also think they believe that Musk being in the government will get Trump to hand Telsa some sweet government money.
It's turning out that Republicans won't buy Teslas even if Musk is full Nazi. Plus, Tesla has lost the entire rest of the world market by going full Trump.
No Republican I somewhat know can even afford a Tesla.
I said it when he first started this right wing BS. Michael Jordan was smart enough to say Republicans buy sneakers too. He did the opposite in his ketamine fueled rage, and pissed off probably 70% of the people who actually wanted to buy his shitty cars. It's an absolutely brain dead move.