4 ms·
Yup. He said the stock price is too high, not the valuation/cap. It was about the stock split.
by 0goel0 6y ago
Yup. He said the stock price is too high, not the valuation/cap.
It was about the stock split.
- Robotbeat 6y agoI don’t think so. It was in the middle of one of Elon’s manic episodes where he was saying a bunch of things that he wanted to say even if they were self-damaging. Which isn’t to say Tesla couldn’t eventually be worth whatever the market says (Tesla has managed to dodge some major problems like cheap oil, end of EV credits, a federal govt opposed to climate action, and COVID-19 and keep expanding... so the market is probably pricing in what that says about Tesla’s odds that they’re able to overcome such hurdles), but it probably is an accurate evaluation of what Musk thought at the time. Personally, I don’t invest in individual stocks as it’s too much of a gamble and it also can lead to extra paperwork or compromise of my professional standing. I suppose the market is seeing Tesla as an example of real growth in an overall market of decline in new automobile purchases, so maybe that’s it. The reach for yield. Still, seems crazy.