this post was submitted on 13 Jan 2024
116 points (86.7% liked)

Technology

59295 readers
4490 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s@lemmy.world
L3s@fry.gs
L4s@fry.gs
L4s@lemmy.world
enu@lemmy.world
116
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
21 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] 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.