(May 18, 2024 at 11:10 pm)Jackalope Wrote:(May 18, 2024 at 10:41 pm)The Grand Nudger Wrote: Na, because it's contracts are predicate on someone other than him being the effective ceo, and it's institutional investors aren't as dumb as the average douchebro heavily leveraged into tesla.
Tesla's valuation beggars belief. $556 billion is absolutely ludicrious. Underpants-on-head and butterfly nets territory. It might be a failure of imagination on my part but I don't see it.
In terms of capital investment it may not be off. In terms of market outlook Tesla is certainly overvalued. They're about to get swamped by cheap Chinese EVs, and Tesla won't be able to cut MSRP in order to compete because they have so much plant that still isn't paid off.
