Stock of the Day
Stock of the Day
Out of context: Reply #219
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- drgs4
Tesla market cap is now $835.89 billions, approaching a trillion.
US economy equals $21 trillions.If Tesla continues its growth, say, same as in 2020 (+800%), it will make up 30% of US economy. A little high for a company which makes electric cars. Ask yourself how many of your acquaintances own a Tesla.
The problem with charts like this is that they don't just stop growing and go sideways form there...
Tesla is clearly a bubble, not very dissimilar to Yahoo or any IT tech stock from 20 years ago. I think 2021 is the year it meets the ceiling.
Discuss
- https://www.qbn.com/…sted
- I know roughly 30 people to the point that I know what they drive. 7 of them drive Teslas. Those types of anecdotes mean something.ben_
- Well electric cars and most specific battery tech are the future, so...grafician
- If all 30 of your friends owned 5 Teslas each, then I would have more truck with itdrgs
- Electric cars are the future, but at 30% of US economy, its the kind of future where all Americans start sleeping in their cars and living in electric vansdrgs
- @drgs lol but that's a thing already: https://www.youtube.…grafician
- Investors buying into the future. On top of that there’s also many shorts that been squeezed as it was heavily shorted by big funds. And yes it’s way overboughtNBQ00
- Yep. this has very little to do with Tesla as a company, and much more to do with Tesla as a stock. Look at game stop today (Jan25) for some more craziness.monNom
- yeah it was worth waiting 3 weeks for GME.
I can't afford the car so i bought some stocks few years ago, sold most of it before the split because of 2020.sted - what i really like are these event plays. on battery day ppl basically honked for the price !!! -> 444 :D, last week it was clear that its going to blow up.sted
- Tesla is worth a lot because they have the best electric vehicle on the planet nobody can match at that $ pt. Also a massive Supercharger network.monospaced
- So, it has more to do with them as a growing company, and not just hype for stock. It might be overvalued, but not by much.monospaced
- Anecdotes about car sales is a very narrow window into what they are as a company. They are the leaders of self-driving AI and electric car infrastructure.monospaced
- +1 monNom, and Musk himself is quite clear about it.Nairn