Fair value for tesla based on car company is about 15 (assuming they weren’t hemorrhaging businesses). The remaining 250ish premium is Musk’s bullshit and/or corruption premium.
The bullshit premium is fading fast. It is questionable whether the trump Administration will provide the corruption.
February Tesla sales in China down 49% from last year. Chinese competitor BYD had 161% increase in sales year over year in February and an astonishing 10x the volume of Tesla selling both electric and hybrid autos.
Comments
The bullshit premium is fading fast. It is questionable whether the trump Administration will provide the corruption.