Tesla have their valuation because that’s what the market decides they’re worth based on past performance, future predictions, leadership, etc. That’s all there is to it. You think they’re overvalued because you hate their CEO and “founder”. While I don’t agree with the stock market, they’re far more correct than you are. Things are worth what people will pay.
Teslas are still the flagship EV brand. Not being the highest selling doesn’t change that. Did you not understand the Corolla/Lamborghini example?
this is an extremely surface level understanding, the stock markets value tesla highly because of a history of government subsidies and protections as well as musks perceived closeness to the white house because of how much he paid into the presidency. This has been shown directly through stock analysis around certain events such as the results of the recent american presidency election which led to the stock of tesla drastically increasing overnight. and surging ever since, with notable drops during times when he feuded with trump more openly, losing a 150 bn dollar valuation over just a couple of days at the time of june 5th. And they only started to marginally improve after musk apologized.
Tesla have their valuation because that’s what the market decides they’re worth based on past performance, future predictions, leadership, etc. That’s all there is to it. You think they’re overvalued because you hate their CEO and “founder”. While I don’t agree with the stock market, they’re far more correct than you are. Things are worth what people will pay.
Teslas are still the flagship EV brand. Not being the highest selling doesn’t change that. Did you not understand the Corolla/Lamborghini example?
this is an extremely surface level understanding, the stock markets value tesla highly because of a history of government subsidies and protections as well as musks perceived closeness to the white house because of how much he paid into the presidency. This has been shown directly through stock analysis around certain events such as the results of the recent american presidency election which led to the stock of tesla drastically increasing overnight. and surging ever since, with notable drops during times when he feuded with trump more openly, losing a 150 bn dollar valuation over just a couple of days at the time of june 5th. And they only started to marginally improve after musk apologized.