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Elon has done this often. He repeatably says 'Currently we don't deserve this valuation, but I think in the future we will. People have to believe that we can e
by nickik 6y ago
Elon has done this often. He repeatably says 'Currently we don't deserve this valuation, but I think in the future we will. People have to believe that we can execute'. Well guess what, people invest in the future not in the present.
Based on Elon own predictions he expects a 40-50% growth rate with more then industry leading margins. If you believe that is true, and Elon does, the value of the stock should clearly be higher. And this has been his line on growth for years now.
Elon makes really little sense with these, its as if tweets don't represent a well considered opinion with context.
I'm not arguing that Elon predictions are wrong or not, but based on his own prediction the stock is not actually overvalued.