Tesla Gets a $94 Billion Reality Check as EV Winter Sets In::Tesla Inc. had a blockbuster 2023, as its shares more than doubled in 12 months. But 2024 is starting on a different note, with Elon Musk’s electric vehicle maker off to its worst start to any year — ever.
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Tesla definitely sucks, but headlines like this are so useless. Check out a 5 year chart. Tesla stock hit a 2 year low at the beginning of last year…. that was significant, down to 120. Then it recovered to a fairly average price, where it’s been since then (this made musk the person to “lose” and “gain” record amounts of wealth in a short time). The recent dip hasn’t been extremely significant…. It’s like 245 to 217.
Tesla stock
The price ain’t right.
Your argument assumes that the price of the stock is fundamental, rather than partly speculative. I don’t think that’s a fair valuation of Tesla stock due to the ability of Musk to drum up speculation value.
Oh, it’s still wildly overvalued. Tesla is worth more than half a dozen other automakers combined, and I don’t see any reason for that. I’m just saying the current price doesn’t really represent a large drop.
Yes, this “dip” is back to where they were on November 10, 2023, leaving the stock worth 66% more than it was a year ago.
only the fanboys didnt see this coming. the lack of a complete product lifecycle had to catch up with them at some point, and thats the least of their current problems.
zero quality control (and plummeting, somehow) and a reputation on the floor of the bathroom thanks to that nazi in charge… its only a matter of time until theyre sold off to a mature vehicle manufacturer.
Listen, I completely agree with most of what you said until the last sentence. Tesla’s been around for long enough that they’ll survive. If by “matter of time” you mean a few decades or longer, sure, I could see someone buying them. Don’t know how long you’ve been around for, but I’ve been hearing this same thing since they went public. Yet, here we are.
