Currently tesla is estimated to be overvalued by about 60%
Although no one knows what will happen, there is a reasonable belief among economists that the correction for this stock is on the horizon. If you hold during that correction you may very well see whatever value you have in your Tesla stock vanish overnight.
Given the recent anti-American sentiment, it is worth considering selling your Tesla stock now prior to the correction for both the obvious financial and political implications but primarily, we've seen over valuations like this in the past and 99.9% of times the average people holding stocks are the ones who end up losing their shirts while musk and the rest make out with all your capital.
Musk thinks we're all incredibly STUPID this Tesla overvaluation is an example of that, it's Gamestop for the rich and they don't want you to notice.
by livefast-diefree
5 comments
Dont be Carplicit!
We have all seen the bumper stickers. ‘I bought this before he was a nazi’…
Well now that you know, don’t stay carplicit. Sell back your Teslas to Tesla and let them hold the bag. Its a sunk cost for some but most of you can afford it. The cost of inaction is greater and grows.
Make a stand while you still can.
Initial build quality, unfulfilled self-driving promises, etc. aside, it’s sad that “swasticars” are losing by association with E Lon. Martin Eberhard and Marc Tarpenning must be crying in their beers.
Tesla cars are actually mediocre. And their truck is ugly.
He’s right though. Tesla being overvalued is a result of us being stupid. A lot of things today is a result of humans being stupid
Look at Tesla’s Price to Earnings in comparison to 6 others in the ‘Big 7’. Tesla is an outlier and not in a good way. Tesla is incredibly overpriced in terms of share price and deserves to crash
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