3 ms·

At $40 it was a question of valuation. At $900 it's overvalued, 98% of even tesla owners (like me) would agree. They have a fantastic future, their technology

At $40 it was a question of valuation. At $900 it's overvalued, 98% of even tesla owners (like me) would agree. They have a fantastic future, their technology is world leading. The company even seems to be thriving. Remember the real goal is pull the other auto companies along in their wake to make more sustainable electric cars. They actually seem to be doing it. Let's see how it seems in another few years when every company has serious custom designed electric cars (instead of much less viable converted gas cars with transmission tunnels running down the car. I love my tesla but the more important thing is converting the world to electric cars - it will take years and needs lots of work to get there (more range, faster charging, way more chargers). But we'll get there.

WheelsAtLarge 7y ago
That's how the current short-sellers have gotten themselves in trouble. They all thought that the stock was overvalued. It may be overvalued but there are enough buyers that are willing to bet that the stock can still go up. This is a stock that gets traded on things other than current value or even future value. This stock was at $215 less than 6 months ago. Wow....
- xkjkls 7y ago
  The problem is that there really isn’t any data the stock trades on. Like — imagine if you were an insider trader. What number from inside the company would you consider the most valuable? Units sold? Revenue? I honestly wouldn’t even know what to ask that I could be certain would move the stock one way or the other.