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> 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
by 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.