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This is where I'm at. I love my Tesla. I think the company makes amazing cars and has a very bright future, but the stock price and valuation is too high. If th
by adoxyz 5y ago
This is where I'm at. I love my Tesla. I think the company makes amazing cars and has a very bright future, but the stock price and valuation is too high. If they manage to execute flawlessly on everything they want to do then the current valuation might make sense, but as it stands, in my opinion, I don't think the stock is worth it. On the short time horizon (1-3 years) though, I don't see the stock dipping though either because $TSLA =/= Tesla company.
- marvin 5y agoIt's funny to keep seeing people post this exact same comment regarding Tesla's valuation, on every single earnings report since 2012. I mean, it's obviously going to come true at some point following a stock price growth to S&P500-dominating levels. It's always been richly valued and that is as true today as ever. The laws of physics prevent this from continuing forever, and the likelihood is great that there will be a correction downwards at some point, perhaps dramatic. But it's a bit farcical to read this almost word-for-word identical opinion again and again and again and again, starting from a point in time where the stock price was 0.5% of what it is today.
- dlp211 5y agoIt's almost like markets can remain irrational for extended periods of time.
- adoxyz 5y agoHaving followed Tesla since almost the beginning and being in and out of TSLA for the last 5 years I can say that the current stock price is a tad high for me. I can't speak for others. Tesla has been targeted by many people for almost its entire existence claiming they're frauds, their tech doesn't work, they won't be able to scale. They've proven most of those people wrong and continue to be an awesome success. But again I think the current stock price is absurd and very hard to justify.