Gregory's Server@failedLyndonLaRouchite @molly0xfff Ego Must has made a hobby of burning large sums of money.
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2 comments
 @failedLyndonLaRouchite @molly0xfff seems the Twitter purchase burned a lot. I’ll add that Tesla is going to have a hard time holding on to their share of the EV market as quality perception is trending down, and they’ve lost the status appeal. |
@CatDragon @molly0xfff
how so ?
the recent decline in Tesla stock price, IMO, has nothing to do with Musk, but rather reflects that Tesla was overpriced by an standard measure, like P/E ratio
Indeed, on a P/E ratio, last time I looked Tesla was still overpriced relative to Toyota etc
The current stock price implies that despite increased competition in the Ecar market, that Tesla sales and market share will continue to grow at a rapid pace