Caveat that he overpaid for it (if it *was* worth $22B but is now worth $44B, then it's gone up in value)
I'm referring to the various finance gossip. The CNN article titled "Elon Musk may be on the brink of achieving the impossible: Salvaging his $44 billion investment in X " captures some of it.
Tesla not for long. The trend is obvious. And I'm not talking about what the cokehead is doing in past weeks, but what Tesla is doing in past year(s).
Cybertruck which is a total scam, FSD ruined by elon's decision to not use LIDARs and which is now a meme, and especially failing customer service.
Yeah, that's my intuition as well. BUT, there are very common lessons in finance, and one is that you're not smarter than the market. People with money in the game disagree with your analysis, or they'd sell now.
I'd not be surprised if it goes seriously down. Also not surprised if it goes up.
I'm not disagreeing that it might go down. Exactly 50% of the people in each of those trades agrees with your thesis. The other 50% think it's a reasonable price.
I just wouldn't be surprised either way. Most people who think they can outthink the market find out they're incorrect
But there is also a huge expectation that it can crash. January 2026 puts for $250 (roughly the Nov 05 valuation) are selling for over $30 ... which means buyers are betting that it will fall below $190
Comments
TSLA is worth more today than Nov 05
Resist him, but don't underestimate him
I'm referring to the various finance gossip. The CNN article titled "Elon Musk may be on the brink of achieving the impossible: Salvaging his $44 billion investment in X " captures some of it.
Cybertruck which is a total scam, FSD ruined by elon's decision to not use LIDARs and which is now a meme, and especially failing customer service.
I'd not be surprised if it goes seriously down. Also not surprised if it goes up.
I just wouldn't be surprised either way. Most people who think they can outthink the market find out they're incorrect