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Did he? He recently said the stock was too damn high, but I guess some investors only followed what Jeff Dahn has been working for the past few years (cf. what
by rcMgD2BwE72F 6y ago
Did he? He recently said the stock was too damn high, but I guess some investors only followed what Jeff Dahn has been working for the past few years (cf. what Reuters is just revealing but you can learn about his results elsewhere too). They expect Tesla's financials to keep improving thanks to price reduction and performance improvements, while competitors realize they haven't even started to dip their toes in EV technology.
It might be too late for the rest of the industry, but this has nothing to do with the recent stock price (this is about battery technology and production ramp, something that very few journalists/analysts have covered correctly while Tesla kept increasing its lead).
- olivermarks 6y agoI'd counter argue the reason Tesla stock remains so high is due to brilliant PR about 'aims' rather than actual performance. The carrot is always dangling for investors. It's genius that Tesla retains such a high stock price in the face of global realities, not least of which is the current US China trade war headwinds.
- cowmix 6y agoHence the factory in China... which is fully owned by Tesla.
- olivermarks 6y agoExactly. That's where the battery raw materials are too.