4 ms·
Musk was never a conventional squeeky-clean ultra-safe stage-managed CEO that speaks through a media team. That didn't stop him from raising the value of $TSLA
by cbeach 1y ago
Musk was never a conventional squeeky-clean ultra-safe stage-managed CEO that speaks through a media team.
That didn't stop him from raising the value of $TSLA from a penny stock to one of the largest companies in the world.
With his initial investment, and with him as the product architect of the first Tesla vehicle (the Roadster), he transformed an academic project with no products to the world's most valuable automaker.
An automaker so valuable, it's worth more than Toyota, BYD, GM, VW, BMW, Mercedes, Ford and Honda COMBINED.
People have shorted $TSLA before because they underestimated Musk, and let their own personal affectations cloud their understanding of Tesla's potential, and Musk's singular genius.
- ceejayoz 1y ago> An automaker so valuable, it's worth more than Toyota, BYD, GM, VW, BMW, Mercedes, Ford and Honda COMBINED. This doesn't give you the slightest bit of pause?
- TimorousBestie 1y agoIt can’t; this is how meme stocks operate. If too many traders examine their motives and revert to trading rationally, the stock price corrects accordingly.
- robocat 1y ago> meme stock Poor explanation since ~50% stock is owned by institutions. I think retail holds 38% of ownership. Rest of ownership is mostly Elon ~13%. indexed fund ownership doesn't explain institutional holdings. Tesla is 5% of NASDAQ 100 by market cap. Vanguard owns 7.7%, BlackRock owns 6.4%. Disclaimer: not a financial analyst and I might have numbers wrong (mostly from Tiger Trading App).
- homefree 1y agoThe silver lining is as long as these people exist and continue to be wrong (which seems like it’ll be forever given no amount of Tesla success gets them to update their position) there will be money to be made.
- jqpabc123 1y agoAn automaker so valuable, it's worth more than Toyota, BYD, GM, VW, BMW, Mercedes, Ford and Honda COMBINED. Yes. Wildly overvalued for an automaker that it has never accounted for more than 2% of light vehicles world wide --- and instead of the wild growth projections they sold to investors, sales over the last 2 years have actually declined. Any "potential" here remains largely unrealized.
- rsynnott 1y ago> An automaker so valuable, it's worth more than Toyota, BYD, GM, VW, BMW, Mercedes, Ford and Honda COMBINED. ... I mean, that's exactly why one might short it, surely? Clearly, this cannot be the case; the valuation makes no sense, and no bubble lasts forever, so one could reasonably expect it to return to reality at some point. Of course, as always the real difficulty is figuring out _when_ that happens ahead of time.
- jqpabc123 1y agoExactly! Tesla is currently priced as if it is the predominate auto manufacturer. It should be obvious by now that this is pure hype and fantasy.