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Tesla Gets a $94 Billion Reality Check as EV Winter Sets In (www.bloomberg.com)

submitted 10 months ago by L4s@lemmy.world to c/technology@lemmy.world

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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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[–] Isoprenoid@programming.dev 7 points 10 months ago (1 children)

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.

[–] Zeppo@sh.itjust.works 6 points 10 months ago* (last edited 10 months ago)

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.