People lose the ability to rationalise value in a bubble. If it fell another 75% it would be worth the same as VW. Its still worth $100bn more than Toyota. Everyone is catching up with the EV tech, model range is too narrow, FSD is complete garbage and half of the other stuff they have promised is still years away. The no dealership model also makes it far more exposed to the economic cycle as it has no buffer between it and the consumer. China exposure a worry. CEO has lost it. The skills to start a company are very different to those you need to run one once it has reached scale. Its just a car company and should be valued as such. Although I did like the Xmas update a lot.
If they had not done the share split people would not think its cheap here.
If they had not done the share split people would not think its cheap here.