Summary
A suspect vandalized and set fire to Teslas at a Las Vegas Collision Center early Tuesday in what police call a “targeted attack.”
The assailant, dressed in black, shot at five vehicles, torched two, and left an undetonated Molotov cocktail. They also spray-painted “Resist” on the building.
Authorities have not confirmed a political motive but noted Elon Musk’s ties to Trump. The FBI is investigating, warning that such acts are federal crimes.
Tesla has faced backlash amid Musk’s government role and far-right politics.
Well, first of all, I didn’t copy paste shit. Secondly, I think the Dutch tulip theory is a completely apt way to describe something whose price is so completely disproportionate to its actual value. Thirdly, I have been tracking this shit for years, now, and I know a little bit about what I’m talking about.
I understand that a lot of people have tesla in their portfolios, either directly or through index funds. That doesn’t change any tiny bit of the point that I was making, which is that the stock is 100% based on hype alone. Stocks based on hype are not reliable - just look at $GME. So whining about the stock going down because people are mad at Elon and torching a few cars is fucking dumb. The stock could go down because of a rumor, or because Elon says something stupid at a convention, or because of any number of things. It’s vapor.
Okay well your numbers are wrong based on the financial reporting. They do hold physical assets, land, machinery, buildings etc and that alone would value them higher than 12 bucks for starters.
Second, if you’re confident in your theory short the stock and report back in a year how that went. Then you can show youre correct irrefutably. Based on what you’re saying you will be rich.
Bro… do you think that Ford and GMC don’t own land, machinery, buildings, etc? That’s part of the fucking valuation.
And christ - the market is completely irrational. It valued a piece of shit like $TSLA at $480, for fuck’s sake. No telling what the fuck is going to happen in a year. Your supposition that the market will do what it’s “supposed” to do to poorly valued stocks indicates that you don’t have a whole lot of experience staring that particular beast in the mouth.
I don’t think you understand how valuations work. Also it looks like you don’t read your own comments? Maybe you’re a bot?
The market behaves like it should over the long run. How do you think so many people are able to make soo much money. The thing is Tesla is a highly valued stock. Like most other stocks with high PE ratios they have the potential to make a lot of money in the future. So people are taking a calculated risk. Investors aren’t basing their valuations off keyboard warriors in their mom’s basement. Read the financials and see why people value it higher than Ford and gmc. It’s in there. Do I personally agree no but others do. This same basic fact pattern applies to all companies.
Based your theory above you should never invest in the market as there is no rhyme or reason why anything happens? Let me guess you’re one of those people who sits home all day blaming everyone else cause they have no job or money? You do you brooo
My guy. Jesus. Just stop. Please don’t tell me that you think that Tesla, a car company with a bit more than a third of the global assets of Ford, and with less than half their yearly sales, should have a market cap 18 times higher than them. You’re embarrassing yourself.
Tesla’s valuation, in a rational market, would (like most other stocks) be in line with their industry. You take the assets, subtract the liabilities, and multiply by an industry-specific value to represent their potential for long-term growth. For Ford, that value (PE ratio) is 6.90. For GMC, it’s 7.73. Since Tesla has far fewer global assets than Ford and GMC (~$122 bn for TSLA, $285 bn for F, and $280 bn for GMC), it would be generous to give them a PE ratio of 7, even with them being involved in industries other than auto manufacturing. Let’s say 6.5 would be a reasonable PE.
6.5 times their $7 bn in earnings in 2024 would be a market cap of $45.5 bn, which is almost 16 times lower than their market cap in December of last year.
By any rational metric, TSLA is a bloated piece of shit. The fact that you think otherwise either means that you don’t know what you’re doing, or you’re an idiot.
Hey do me a favor let me know where I said Tesla was properly valued? I’ll wait… *Hint you won’t. Please read the words.
Again another long rant totally irrelevant and opinion based. Arguing against a point I never made. You’re welcome to your opinion that’s fine man. I’ll be hanging out over here in reality. Take a deep breath go outside touch some grass.
Are you slow, or something? This entire thread started because you were whining about people being hurt by Tesla losing money. Then, when I pointed out that it’s a bloated piece of shit and cited a valuation that was in the right ballpark, you said: “I don’t think you understand how valuations work”.
So, were you lying then, or are you lying now as you’re pretending that you agreed with me the entire time that Tesla is overvalued?
Me slow… I read all the words. Hence you can’t find anywhere I said Tesla was properly valued. I wasn’t whining about Tesla losing money. I don’t care. I said Tesla going to 0 wouldn’t hurt musk. You’ve said nothing to disprove that. Just gone on random rants. Again I never said I didn’t think Tesla was over valued. You clearly do and I never disagreed. You clearly need to read.
Also your valuation is still wrong hahaha. You thinking Tesla should be $12 and being able to prove that out with a fact pattern are two different things. I’m assuming here but I’m guessing you’ve need read a financial report, never done a dcf, have no idea how to model an investment and don’t know what PE ratios actually means. That can all be true and I can still believe Tesla is overvalued.
Well, you are at least correct about one thing. I was incorrect about the $12 stock price. In my defense, I wasn’t looking at the numbers at the time, just spitballing it. But going with the $45.5 bn valuation I mentioned previously, and their 3.5 bn outstanding shares, that would put the price per share at $13. I humbly accept the humiliation that comes with getting a hypothetical stock price incorrect by 8%.
I mean, I did allude to the fact that I think you might be an idiot before, and since you said that you read everything I wrote, I’ll just leave it at that. You’re not helping your case by being so hilariously wrong here.