Tesla stock falls again, toward longest losing streak in more than 4 years
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Re: Tesla stock falls again, toward longest losing streak in more than 4 years
#2Probably closer to fair value now, still overpriced though.
Re: Tesla stock falls again, toward longest losing streak in more than 4 years
#3Some of this can be blamed on the production issues in China and maybe Musk's tweets courting far-right provocateurs, but Tesla was always massively over-valued and this is just things coming back down to reality. Probably still a ways to go as the Cyber Truck and the Semi are likely to disappoint and/or be further delayed.
Re: Tesla stock falls again, toward longest losing streak in more than 4 years
#4Also, notably META is very strong recently. Same for Netflix. Shows how the whims of market are always changing.
Re: Tesla stock falls again, toward longest losing streak in more than 4 years
#5Probably closer to fair value now, still overpriced though.
Funny enough I think it's actually undervalued now. Tesla has bought up all the mining rights for the minerals required to ramp up battery production and will likely be the only EV manufacturer that's not supply constrained for the next decade.
I'm still not bought in yet, probably a lot more room for it to crater.
Re: Tesla stock falls again, toward longest losing streak in more than 4 years
#6From https://twitter.com/BriannaWu/status/1607719007892738050, written while Tesla was at $123.15:
While the markets have been closed, two major stories about Tesla have broken.
A. Tesla is shutting down factories because demand is plummeting.
B. Musk praised a truly insane Russian propaganda tweet, predicting the fall of the west
It seems notable that the price of used Telsas has fallen 15%+ since August as well, which is about double the trend for used car prices in general: https://www.cargurus.com/Cars/price-trends/Tesla-m112
Re: Tesla stock falls again, toward longest losing streak in more than 4 years
#7Probably closer to fair value now, still overpriced though.
Funny enough I think it's actually undervalued now. Tesla has bought up all the mining rights for the minerals required to ramp up battery production and will likely be the only EV manufacturer that's not supply constrained for the next decade. I'm still not bought in yet, probably a lot more room for it to crater.
They have?
Re: Tesla stock falls again, toward longest losing streak in more than 4 years
#8$LCID down 70%. Elon: "they are not long for this world"
$TSLA down 70%. Elon: "unfavorable market conditions"
Re: Tesla stock falls again, toward longest losing streak in more than 4 years
#9[deleted]
Re: Tesla stock falls again, toward longest losing streak in more than 4 years
#10From https://twitter.com/BriannaWu/status/1607719007892738050 , written while Tesla was at $123.15: While the markets have been closed, two major stories about Tesla have broken. A. Tesla is shutting down factories because demand is plummeting. B. Musk praised a truly insane Russian propaganda tweet, predicting the fall of the west She expects Tesla to fall below $100 by 1/1. It seems notable that the price of used T…
I think B only matters as a signal of leadership instability. And I think it tells us nothing new about Mr. Musk that we didn't already know. So I think B is probably not really a factor. A is plenty enough to explain the market behaviour.