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The thing is, the actual value of ownership the TSLA represents in way over valued. At $100/share a market cap of ~$300B would be set, which is still over valu
by hx8 2y ago
The thing is, the actual value of ownership the TSLA represents in way over valued. At $100/share a market cap of ~$300B would be set, which is still over valued for a mid sized car manufacturer with a distressed brand. The $200B required to secure a 2/3 majority it would take at $100/share could be better invested else where in the automotive industry.
The reason for the current high valuation is because people were betting Tesla would be first to another major tech innovation. Self driving taxis, or electric 18-wheel trucks, or some other new market. The more time Elon spends in Washington DC, the slower Tesla is going to be at realizing these advancements.
For $200B you would have a decent shot of actually making a major tech leap in automative and partnering with an existing manufacturer.