this post was submitted on 13 Feb 2024
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Oh I don't own the stock. But you can't deny that it's been a great asset for anyone that got in early. Saying it's down 30% from 6 months ago without looking at the big picture is short sighted.
Also, fuck Elon
Ignoring that the market cap is higher than the combined market cap of all other car manufacturers, whilst producing not even half as many cars as VW alone, is also short sighted. The stock is vastly overrated and will correct itself one day. The question is just when that day is going to come
The stock is down 30% since June, if you want more context, it's lower now than it was January 2021. Meaning if you've been holding Tesla stock for 3 years, you are in the red. This In a period where inflation has also undermined the value.
Seems to me that a warning that Tesla might not be a good stock to hold anymore is in order.
https://finance.yahoo.com/quote/TSLA/
The big picture is that Tesla is really only worth 5-10% of the current market cap, when you compare to for instance VW.