It's only overvalued by $218 Perhaps it will fall another 95% - ThreadSky

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smitty242001.bsky.social • 18 hours ago

It's only overvalued by $218
Perhaps it will fall another 95%

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pdocignsvignduvkfn.bsky.social•18 hours ago

Yes, it needs to fall by another $200, and this might happen fast are creditors are very nervous and calling their money back

smitty242001.bsky.social•18 hours ago

Government bailout will inevitably follow

pdocignsvignduvkfn.bsky.social•18 hours ago

I’m not quite sure about that - tesla bankruptcy poses no systemic risk to the US economy. they are simply over-leveraged and lack fundamentals. Musk is selling “a dream” not “a car”. Once the dream is gone, all is left is an ordinary car manufacturer, and
car industry PE ratio is 10 (not 130)

smitty242001.bsky.social•17 hours ago

Couldn't agree more but his loyalty to the orange turd is why I think it will happen. No t for any other reason

daintist.bsky.social•17 hours ago

Yeah exactly, it doesn't have to make sense for them to do it anyway. These are the same folks that insist on "letting the market decide," right?

romatowski.bsky.social•18 hours ago

Working on it!

allliesmatter.bsky.social•18 hours ago

daintist.bsky.social•17 hours ago

This is a lot like what happened with the ridiculous AI speculation at the beginning of the year that got completely tanked by the Chinese AI announcement

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