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Tesla is underperforming the market so macro issues aren't that relevant. If you look back at the actual history and the actual numbers, when Tesla is punished
by stcredzero 4y ago
Tesla is underperforming the market so macro issues aren't that relevant.
If you look back at the actual history and the actual numbers, when Tesla is punished due to macro, it's always out of proportion to what the actual business is doing. Those who have been actually following the stock know this well.
And given they famously don't do marketing they have relied entirely on the click bait loving finance media. Can't complain now when it turns against them.
Here's the thing: The finance media is generally pushing a Tesla narrative based on fear, which would be contradicted by the facts, which they never present. So there's plenty of room to complain about the accuracy and truthfulness of the media.
- Apocryphon 4y ago> The finance media is generally pushing a Tesla narrative based on fear Tesla stock has been crazy high until recently relative to other automakers. Who is to say that this narrative is truly fear, or simply the absence of a previous hype narrative that inflated the value of the stock? Did anyone truly believe that $TSLA was worth more than the rest of the industry put together?
- JumpCrisscross 4y ago> when Tesla is punished due to macro, it's always out of proportion to what the actual business is doing This is called beta [1]. Tesla’s beta is 1.9 [2]. Tesla has been falling more than 2x the market. There are obvious, firm-specific and novel risks that have emerged in the last year that are being priced in. [1] https://corporatefinanceinstitute.com/resources/valuation/what-is-beta-guide/ https://corporatefinanceinstitute.com/resources/valuation/wh... [2] https://finance.yahoo.com/quote/TSLA/ https://finance.yahoo.com/quote/TSLA/