Commerce Secretary Howard Lutnick urged Fox News viewers to buy Tesla stock, calling CEO Elon Musk "probably the best person to bet on" he had ever met.
It still has a P/E ratio well over a hundred, and was already facing a much more competitive market than it had experienced in getting to that point. It was never rising on actual value, just irrational Musk hype, and booting him might save it from complete destruction but isn’t going to rebuild the bubble.
It still has a P/E ratio well over a hundred, and was already facing a much more competitive market than it had experienced in getting to that point. It was never rising on actual value, just irrational Musk hype, and booting him might save it from complete destruction but isn’t going to rebuild the bubble.