2 ms·
They should just do an offering. That stock has held it's stupidly massive over valuation for 5+ years now. Just dump it on whatever dumb ass investors have bee
by Workaccount2 3y ago
They should just do an offering. That stock has held it's stupidly massive over valuation for 5+ years now. Just dump it on whatever dumb ass investors have been propping the stock up.
- ianburrell 3y agoHave you looked at Tesla stock recently? The stock is down 5% today to 166. It was 250 at beginning of year, so dropped 30%. The peak was 400 in 2021, and dropped to 113 in 2023. I think it is still overpriced and can drop further, but it has lost its shine. They will make less money from offering, and it would probably tank the stock. And there is no sign they need the money.
- Workaccount2 3y agoThe company is currently valued at $530 billion. Compare this to Toyota, who sold 11 million cars last year (~20x Tesla), is worth $385 billion. It is still grossly over valued.
- gergi137 3y agoTesla sold 1.8 million cars last year and Toyota sold 11.23 million cars last year. so a 6.2x multiple, not a ~20x multiple