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My impression is that Musk is trying every conceivable trick to keep the Tesla stock inflated way beyond any reasonable valuation. At the moment it's trading at
by throw310822 1y ago
My impression is that Musk is trying every conceivable trick to keep the Tesla stock inflated way beyond any reasonable valuation. At the moment it's trading at 236 P/E. Tesla is a car company that doesn't seem to have any particular technological advantage over its competitors. Its technology has become mainstream and it can be outcompeted on price and quality by an ever increasing number of Chinese companies. The stock is kept afloat by the promise of FSD- a tech that's been "almost there" for years and every year becomes closer to being easily reproducible by every manufacturer; and even more absurd hints to a humanoid robot- on which they already appear to be behind Chinese companies. At some point there will be a reckoning at the stock will crash. Would me wiser for Musk to guide it towards a soft landing, if it can keep Tesla alive.
- A_D_E_P_T 1y ago> The stock is kept afloat by the promise of FSD- a tech that's been "almost there" for years and every year becomes closer to being easily reproducible by every manufacturer To the extent this is true, Waymo is miles ahead. And Tesla is losing ground on this to other competitors very quickly. Even Amazon's Zoox appears to be making lots of progress. That said, memestocks are by definition irrationally valued. They have more in common with BTC than they have in common with, say, GM stock...
- throw310822 1y agoHeh. I am less worried about the valuation of BTC than that of Tesla. At least BTC doesn't have any fundamentals at all, while Tesla is still supposed to be valued in relation to actual sales and quarterly reports.