General Discussion

D_Master81

(2,247 posts)

1. Tesla was always ridiculously overvalued

Wed Nov 9, 2022, 08:52 AM

Nov 2022

Last edited Wed Nov 9, 2022, 10:55 AM - Edit history (1)

Tesla was a meme stock before such a thing was a thing. Kathy Wood and Reddit pushed it and got it into the S&P 500 which meant a bunch of the 500 tracking funds had to buy it. At one point it’s price to earning ratio was over 1100 to 1. When it was right behind google in market cap I was like what is going on here?

I think now that the meme stockers are selling, other EVs are coming out and Elon has been massively selling his shares the shine is off Tesla. I can’t hate on Tesla though, I made about 60% on my Tesla investment in 6 months before selling.

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Musk's Tesla has lost $600 billion in market value this year, now worth less than Berkshire Hathaway [View all] highplainsdem Nov 2022 OP

Tesla was always ridiculously overvalued D_Master81 Nov 2022 #1

Hope he loses everything BlueKota Nov 2022 #2

Would be nice to see him go bankrupt Emile Nov 2022 #3

Investors are realizing he's Nucking Futz. TheBlackAdder Nov 2022 #4

He seems to be going out of his way to prove it. highplainsdem Nov 2022 #7

Considering a majority of his potential customers are likely progressive.... Chakaconcarne Nov 2022 #5

Well at least he has that "great investment" twitter to save him. CentralMass Nov 2022 #6