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You are right that Tesla has some inherent value to fall back to but cryptocurrencies do not. But still Tesla is probably valued several times too high. Tesla
by legulere 5y ago
You are right that Tesla has some inherent value to fall back to but cryptocurrencies do not.
But still Tesla is probably valued several times too high.
Tesla has almost three times the market cap of Toyota right now.
- acdha 5y agoYes, it's definitely possible for a stock to be overvalued. If you note my comment explicitly acknowledged this with the possibility that bad news could force a sale at well under the current price: the point was that there are very few possibilities where that value wouldn't still be a very large amount of money because there's a real business backing it and it's unlikely that the situation is going to change in a way which would cause all of their customers to disappear.