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.....if, that is, the share price opens tomorrow at $800.
That is all.
OP does raise the point re what the true price should be. For a company that has made a small profit in one quarter and a has a fair bit of accumulated losses under their belt, Tesla is arguably over-valued already.
(Oh boy, I wonder what sort of response that musing is going to get me....)
Compare to Amazon or numerous other tech companies. TSLA is just starting to get into overvalued land and has a ways to go.
They are considered a tech and green company - both highly coveted assets right now.
But Tesla is NOT a tech company. Tech companies get valued so high because they have the potential to have massive profits, with very little capital expenditure. Building cars is WAY capital intensive. No other way about it.
Granted 'valuation' is based on what people 'think' a company is worth. Not its real value. I find market cap to be fairly useless number.
But Tesla is NOT a tech company. Tech companies get valued so high because they have the potential to have massive profits, with very little capital expenditure. Building cars is WAY capital intensive. No other way about it.
The high valuation of tech companies like this is due to their potential to challenge and possibly dominate a whole established sector.
WHAT! You mean I'm going to get my very own personal interview with the SEC?!?!?!?Apparently people listened to your advice, in part, today. A circuit breaker had to stop the shorting activity...falling knife today...triggering stop losses..Classic market manipulation.