Sell Tesla?

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  • RandallFlaggRandallFlagg Frets: 12248
    Tesla down another 6% in today's trading so far. I wonder if Cathy Wood will buy some more?

    If Tesla is going to the moon, the moon must be below us!

    It's more like Tes-tanic at the minute.


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  • crunchmancrunchman Frets: 7288
    edited March 5
    Rockets blowing up probably doesn't help the perception of the company.

    Or is Space X a separate entity?
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  • RandallFlaggRandallFlagg Frets: 12248
    crunchman said:
    Rockets blowing up probably doesn't help the perception of the company.

    Or is Space X a separate entity?
    Space X is separate and privately funded with no shortage of ability to raise capital. There is talk of spinning off Starlink as a separate company in an IPO at some point.


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  • RandallFlaggRandallFlagg Frets: 12248

    crunchman said:
    Rockets blowing up probably doesn't help the perception of the company.

    Or is Space X a separate entity?
    Tesla stock is falling because it is caught up in what appears to be a current market correction, or getting close to one and it has been hugely over valued, the price can revert to something far more sensible but has a way to drop yet before it is considered fair value by traditional share price measures.

    It's now down 11% today, price could go as low as $250 and still be overvalued, that's another 50% down from current.



      


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