Considering the stock is already massively overvalued compared to its peers, why is the company continuing to receive the good graces of investors?
It’s valuation is based on exponential growth in a disruptive market, and Tesla was already losing market share before Musk started alienating customers with his hot takes. He’s absolutely trashing the brand, and the brand is all they have because TSLAs priced off an economy that doesn’t actually exist. A quick look at Google Trends shows interest in buying a Tesla definitely isn’t growing in line with expectations.
Additionally, X has bills that it depends on advertisers to pay, and those financiers aren’t good guys either. Without advertisers, won’t Elon be forced to sell his shares in TSLA just like when the courts ordered him to purchase Twitter last year?
This whole thing seems like a massive shit show with a bunch of false promises made by unscrupulous characters. Can’t be good for business
Leave a Reply