4 ms·
It is primarily the FUD and dozens of high profile news outlets using, if not outright lies, then very close to deceitful headlines and reporting to paint a cat
by nugga 8y ago
It is primarily the FUD and dozens of high profile news outlets using, if not outright lies, then very close to deceitful headlines and reporting to paint a catastrophic picture which seems to be what causes randoms and people not keenly in the know to lose their shit and tank the stock.
It may have been inflated especially if you believe the value represented the here and now but the fundamentals haven't changed, in fact they may be even better than expected. Once Tesla hits profitability on the account sheet (they already make close to 20% on every Model 3 sold but are 'losing' money because of heavy investment as far as I can tell).
They're betting big on at least mid range Trucking switching electric because according to them it'll be cheaper to operate electric fleets. They got a pickup, the model y, planned to begin production soonish. They can lower their unit prices once they hit massive scales due to multiple gigafactories. They operate their own charging network, no other car manufacturer comes anywhere close to what they have.
My thinking is that the biggest slump in terms of uncertainty (if there ever was any) and production trouble and cash flow is now past. I bet now is the best time to buy Tesla until ever again because they're very likely about to skyrocket imo. If so, thank Elon for hitting that blunt, I guess.