When you compare what’s comparable, it would be just before Trump was elected, when reason still prevailed among investors presumably, and now that reason has returned.
TSLA was at $250 on Nov 5. Then it went crazy up because stupid investors believed they were gonna profit massively from their South African racehorse’s privileged position, then it went back down because of Nazi salutes and unpopular wanton destruction of the country by said racehorse.
But it’s still $275 at the moment. So basically it’s back to normal more or less. When it drops below $200 - which I have no doubt it will at some point - then it will be a plunge. Right now it’s just a reality check.
With the sales numbers Tesla currently has, it’s P/E ratio will probably get worst and less revenue will eventually bring the stocks’ price down. That is if markets start being rational about this company and they haven’t been since 2018 for $TSLA. I can’t wait for this company to crash and burn.
When you compare what’s comparable, it would be just before Trump was elected, when reason still prevailed among investors presumably, and now that reason has returned.
TSLA was at $250 on Nov 5. Then it went crazy up because stupid investors believed they were gonna profit massively from their South African racehorse’s privileged position, then it went back down because of Nazi salutes and unpopular wanton destruction of the country by said racehorse.
But it’s still $275 at the moment. So basically it’s back to normal more or less. When it drops below $200 - which I have no doubt it will at some point - then it will be a plunge. Right now it’s just a reality check.
With the sales numbers Tesla currently has, it’s P/E ratio will probably get worst and less revenue will eventually bring the stocks’ price down. That is if markets start being rational about this company and they haven’t been since 2018 for $TSLA. I can’t wait for this company to crash and burn.