Is there any better place to ride out the terminal phase of the world's largest Ponzi scheme than in the White House?
Tesla has only just started making 2.3 Billion in net income on a 1.4 trillion dollar market cap after 10 years. (Now closer to 700 billion) In what universe does this ever break even? Some day, the stock market is going to have to face reality and it's not going to be pretty.
Don't overgeneralize. For years, myself and others have been saying that Tesla is overvalued, that there was no way they were worth more than all the other auto manufacturers on planet earth put together. All along we've been told we're wrong in our analysis, that Tesla is much more than just an auto manufacturer. They're an automotive technology developer, they're an energy company, they're a robotics company, they're a whatever. At Tesla's peak, their market capitalization nearly equaled Saudi Aramco, the largest energy company in the world! Tesla stock has been overdue for a correction and recent events are simply making people realize Tesla is a business, just like everybody else, and Elon doesn't wield a magic wand. So, the stock is correcting itself.
TSLA was headed for a mere correction even if everything went right. Which, if that had been the outcome, could be blamed on investors being over enthusiastic. But nothing is going right. Not growth. Not the magical tech. Not the 4680 cells. Cybertruck alone could be a fatal error. Does Tesla deserve a higher P/E ratio than Ford? Sure. OK. Direct sales is good if it works better than dealers. The charger network seems well run. Which would make it a $30 stock instead of a $10 stock.