I know in principle all stocks are meme stocks, but there really truly are no fundamentals to back up its recent prices or any reason to expect that they’ll have the growth they need in order to deliver a respectable EPS at that price.
Five years ago they were at the bleeding edge of technology, but now they’re getting overtaken by both China and European makers, their self-driving keeps steering people into oncoming traffic, the Cybertruck has been a huge failure, and also half the world absolutely fucking hates Musk since he went full mask-off Nazi. There just isn’t a path to the 120% market share they’d need to warrant a $1.4T market cap.
Yeah Tesla is definitely a shit company and doesn’t deserve the market cap they’ve been afforded. I just keep having flashbacks of Michael Burry and Bill Ackman losing tons of money shorting Tesla for the exact same reasons… And that was years ago.
I know in principle all stocks are meme stocks, but there really truly are no fundamentals to back up its recent prices or any reason to expect that they’ll have the growth they need in order to deliver a respectable EPS at that price.
Five years ago they were at the bleeding edge of technology, but now they’re getting overtaken by both China and European makers, their self-driving keeps steering people into oncoming traffic, the Cybertruck has been a huge failure, and also half the world absolutely fucking hates Musk since he went full mask-off Nazi. There just isn’t a path to the 120% market share they’d need to warrant a $1.4T market cap.
Yeah Tesla is definitely a shit company and doesn’t deserve the market cap they’ve been afforded. I just keep having flashbacks of Michael Burry and Bill Ackman losing tons of money shorting Tesla for the exact same reasons… And that was years ago.
bill ackerman where have i heard that name before, he kind of deserved it
Well, I guess there is the expectation that Nazi corruption and leaked govt data will help TSLA massively. How do you think about it?