• MDCCCLV@lemmy.ca
    link
    fedilink
    English
    arrow-up
    30
    ·
    2 days ago

    Tesla stock price is like 95% expectations of massive future growth created by the super amazing genius of Elon. If Tesla becomes just a basic car company it will be destroyed.

    • Echo Dot@feddit.uk
      link
      fedilink
      English
      arrow-up
      2
      ·
      2 days ago

      That’s not how it works though.

      The shareholders know the stock is massively overvalued but that’s not useful to them unless they sell now and if they sell now the stock will crash. They know this bubble can’t last because they know their global market share is in the toilet and artificially bigging up the stock won’t help with that.