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For all the trash talk about how Tesla will implode, the stock is at ~5/8th of it's peak in 2021. Pretty good considering the tech stock drop.

• ceejayoz 3y ago
  The folks who predicted the subprime mortgage crisis nearly went bankrupt waiting for their bets to pay off. Sometimes predictions are correct on the facts but not the timing; we'll see. (Twitter similarly took longer than a lot of folks expected to implode, but the wheels seem to be coming off...) Tesla's share price is still that of a technology company rather than a car company. It's not yet entirely clear whether that's warranted, but their self-driving moat is rapidly shrinking. I'd much rather be a SpaceX investor than a Tesla one.
  • _fizz_buzz_ 3y ago
    I do believe there was a point where Tesla could have imploded. But I think we are well past this now. Tesla figured out their production and most of their technical issues. The competition is getting a bit stiffer, however Tesla has so much volume now that traditional car makers missed the point where they could have been a real danger to Tesla by competing in the EV market.
    • ceejayoz 3y ago
      Tesla the company, I think, is unlikely to implode and disappear. I think they'll be one of the large automakers for a long time, competing with the other big ones. Their share price still has a decent chance of doing so, down to a P/E ratio more similar to the other car makers.
      • CameronNemo 3y ago
        Yes I think the pe is largely based on the assumption that they will be able to transition to selling high margin assisted driving services, but that remains to be seen. Other self driving plays are much more mature and actually in production (e.g. Waymo), but still facing criticisms and odd behavior.