Tesla has lost so much value in such a short period of time that JPMorgan analysts said they couldn’t think of another comparable moment in automotive history.
And still it’s overvalued…
Tesla has been a bubble waiting to burst for a long time now, all I can say is “finally”
I remember I bought some Tesla stock back in September 2019 knowing full well that it was a bubble. I just believed in their vision. My friends made fun of me for buying into the hype. I sold the stocks when they doubled in price. Now, even after the recent fall, the stock price is more than 10 times what I bought them…
Any gain is a gain. I had to learn this after Bitcoin. Bought a bunch at $100 a pop, sold them later when it hit $250 a pop. This was a day or two before it skyrocketed to ~$1400. Kicked myself then, but came to terms. Now look at them lol.
I’ve been saying for a long time that Teslas ultimate fate was to become just a brand of one of the major OEMs. Unfortunately for Musk he has ruined the brand name and now the long term reality is they will end up being liquidated for patents only, when they fail to compete (by 2035 is my guess)
Up until recently they’ve had no real competition in the EV space, that has forever changed and Tesla has proven unable to adapt.
Musk sullying the brand and his reality distortion field failing will be the final nail in the coffin.
2035 is quite generous
In my opinion, they already started to fail to compete, as they try to cheap out on pretty much everything
They only thing, they still have going is a very good drive train and battery/range - which is obviously very important for a car/EV, but it’s far from the only thing, that matters
I have zero faith it’ll happen, but I’d love to see it dip below $100 per share.
