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.

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.

  • @[email protected]English
    8•10 months ago

    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.

    • ZeppoEnglish
      7•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.