They have a very strange stock movement. If we ignore that they are extremely overvalued already. They tend to always go up even on bad news as long as Elon keep up they facade by promising their future endeavors. And this latest report was spinned as better than expected (not good for a car manufacturer) and then stock rushed 10%, somehow it is taken as a proof that everyone is wrong about Tesla and now they will finally deliver on unrelated tech and be valued at multi-trillions.
The stock is to high risk for me, I still have no clue what direction it will go and I need to be able to sleep at night. But I have only ever seen anything like this in companies that turned out to be fraudulent in some way. If something is to good to be true, it probably is, but also, I don’t think Tesla is as bad as they are made out to be either. I will remain on the fence and follow tsla closely with alot of curiosity.
Yes, I mean the fact in the end is that they have only ever delivered cars and a charging system. Everything else have only ever been talked about by Elon to pump up the stock. Ok to be fair, they are trying to move into other areas but have not yet delivered on anything of real substans, then their next issue is that they have to make it profitable.
The cars make a profit because they get credits from the government, but they can not assume this will be the case for every venture.
Could very well be
They have a very strange stock movement. If we ignore that they are extremely overvalued already. They tend to always go up even on bad news as long as Elon keep up they facade by promising their future endeavors. And this latest report was spinned as better than expected (not good for a car manufacturer) and then stock rushed 10%, somehow it is taken as a proof that everyone is wrong about Tesla and now they will finally deliver on unrelated tech and be valued at multi-trillions. The stock is to high risk for me, I still have no clue what direction it will go and I need to be able to sleep at night. But I have only ever seen anything like this in companies that turned out to be fraudulent in some way. If something is to good to be true, it probably is, but also, I don’t think Tesla is as bad as they are made out to be either. I will remain on the fence and follow tsla closely with alot of curiosity.
Its unbelievable how the market reacts to this company.
They truly believe musk is some savior for tech
Yes, I mean the fact in the end is that they have only ever delivered cars and a charging system. Everything else have only ever been talked about by Elon to pump up the stock. Ok to be fair, they are trying to move into other areas but have not yet delivered on anything of real substans, then their next issue is that they have to make it profitable. The cars make a profit because they get credits from the government, but they can not assume this will be the case for every venture.