Comment by hearsathought
13 hours ago
The stock doubled in the past 6 months. And tsla has a market cap of $1.5 Trillion. To put that into perspective, south korea's GDP is $1.7 trillion.
I don't think tsla shareholders are complaining.
13 hours ago
The stock doubled in the past 6 months. And tsla has a market cap of $1.5 Trillion. To put that into perspective, south korea's GDP is $1.7 trillion.
I don't think tsla shareholders are complaining.
The reason it increased (not doubled) is that their CEOs public behavior drove the value down over 100 points in the months prior. I think the meme stock comment above actually has some merit though.
> The reason it increased (not doubled)
It did double. Check the april lows.
> is that their CEOs public behavior drove the value down over 100 points in the months prior.
And yet, he is still CEO. Not only that, didn't the board just award him a new pay package?
> I think the meme stock comment above actually has some merit though.
A $1.5 trillion meme stock? Don't think so. A S&P500 company that is a meme stock. Don't think so. It is highly volatile, but it isn't gamestop.
All I'm saying is that Musk is still the CEO because enough shareholders back him. Why? Who knows. Maybe it's because he's increased the value of tsla from a few billion to $1.5 trillion in the past 15 years. Who knows.
It's absolutely a meme stock. I own a Tesla (though given Musks's overt anti-democratic political actions it will be my last).
They haven't improved the car for at least five years. Yes, autopilot is better, but that's it. And no, autopilot is not going to be doing autonomous driving globally anytime soon.
There is absolutely no justification for such a valuation. Humanoid robots? That's as short sighted as vision only self driving. There are any number of vastly more promising robotics companies.
As a previous Tesla stock holder and still car owner, I want Tesla to be a good car company first. It is not. And the CEO has gone out of his way to alienate and be hostile to his own customer base.
I would feel better as an investor if he made it a highly profitable company with a trusted brand, instead of heading in the other direction on both fronts.
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