they have only survived so far because hype and government money. they have never been profitable. the stock could halve again and it would still be overvalued
It's like 20x too high as it stands going by p/e ratios compared to the rest of the auto industry. Like 5-6x too big compared to tech companies. It's wild.
You jest, but I would seriously consider the possibility that he’ll sue anyone selling the stock, and sue the government for not investing in it expressly.
I mean, god, the tantrums he’s thrown at having advertisers take breaks—because I don’t think any of them truly left—from Twitter should be proof enough of the possibility.
At the end of the day, there are actually better electric cars now for the price. Even starlink is starting to get major market competition for cheaper.
The instability is great for inside traders eg those who knew about the Whitehouse lawn stunt in advance. That was not a dead cat bounce, it was the stunt.
But the trend since the stunt has been stable enough.
I certainly will be looking at the graph each day rather than reading articles describing it.
Reminds me of how people laugh at the yo-yo tariffs, totally ignoring how insider trader buddies of Trump must love it. Is an overall economic decline going to bother them in comparison?
Disclaimer: I'm stock illiterate. Are his other companies also trending down? Or are they not publicly traded or whatever? Is it known what % of his wealth comes from Tesla (vs Starlink or SpaceX)?
Most of his other companies are not publicly traded, so there isn't much direct comparison. But Tesla has widely been known to be hugely over-inflated for years and years now, the bubble had to burst sooner or later. It is definitely being hit harder than the rest.
Tesla was overinflated because it was run as a software startup, where they had money pouring in from venture capital. They had money coming in, but it wasn't simply from sales. Let's see if that stalls too.
But wasn't his Tesla shares used as collateral for the Twitter financing? If Tesla tanks enough, won't his Saudi banking backers raise hell?
Some youtuber was saying as much. A lot of his wealth is tied up in Tesla and a lot of Tesla's valuation is tied up in Musk. But Starlink is making far more than Tesla, he owns a larger portion of it than Tesla, and he's selling Tesla shares. If he makes the right moves he can entirely walk away from Tesla and leave the shareholders holding the bag.
We are all on the Verfassungsschutzliste/List of the Office for the Protection of the Constitution (lovingly nicknamed Faschistenschutz/Office for the Protection of Fascists)
it is still overvalued anyway. they havent shown the profitability and growth potential that its current price reflects, not even after plunging as much as it did.
You mean Boeing's screw up. They were the designer/manufacturer of the capsule that had issues. Plus Musk has very little if anything to do with SpaceX engineering or operations (Gwynn Shotwell is in charge of operations). Mostly he just does "Funny" shit like telling engineers to make Starship more pointy.