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All of those things can be true and Tesla's stock can also be over-valued. A rapidly growing and popular company doesn't justify any arbitrary valuation.
by bink 4y ago
All of those things can be true and Tesla's stock can also be over-valued. A rapidly growing and popular company doesn't justify any arbitrary valuation.
- freeflight 4y agoIndeed, which also begs the question; How much of that growth is driven by the over-valuation? Particularly as Musk is no stranger to using creative accounting techniques, and sheer speculation, to make his companies suddenly look more profitable [0] There's also him leveraging his other companies to create growth among each other. Like Starlink being a major customer for SpaceX. Which could either be really smart, or the making of a really impressive house of cards. [0] https://www.cnbc.com/2021/04/26/teslas-bitcoin-speculation-helped-boost-profits-this-quarter.html https://www.cnbc.com/2021/04/26/teslas-bitcoin-speculation-h...