this post was submitted on 26 Mar 2024
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The number one thing Musk can do to prop up falling Tesla Stock is to remove himself from Tesla. He's too volatile these days.
TSLA has a PE Ratio of 42. Toyota has a PE Ratio of 11.
If Tesla becomes a "normal car company", we're looking at 75% declines in the stock price. The only reason why its being propped up at all is because of Elon Musk's cult of personality.
Yeah, Elon Musk has successfully tied himself to the company like a suicide pact. The Board is also largely under Elon Musk's control.
He gets paid proportionally to the stock value, so it's completely and totally about perception to him. Actual reality... who cares!