geegaw
|
|
March 17, 2021, 03:02:12 PM |
|
Despite the criticism of Tesla for buying $ 1.5 Billion of Bitcoin, I think the main reason for the decline in Tesla's stock price is not because Tesla bought Bitcoin. Especially after Tesla bought Bitcoin in February, Bitcoin price continues to rise until now. Tesla investors should have known that Tesla's steps were not wrong. In my opinion, Tesla's stock price has decreased because from the start it was overvalued, we can see that in the past year, the increase in Tesla's stock price has increased significantly. So I don't agree that what Tesla did by buying Bitcoin had a negative effect on their stock price.
Agree, Bitcoin is not negative reasons that affect Tesla's stock value because the budget for investing in bitcoin is not small and a large company will inevitably require voting on such decisions, making the investment proves that shareholders accept and support, Covid had a significant influence on Tesla, and the decision to make money online was not wrong. Even now, this plan is still worthy as it may have reduced some of the pressure on stock prices to drop, plague, the change in president and economic war are probably the leading causes of stock devaluation
|
|
|
|
|
|
|
|
|
In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
jaysabi
Legendary
Offline
Activity: 2044
Merit: 1115
★777Coin.com★ Fun BTC Casino!
|
|
March 21, 2021, 04:09:41 AM |
|
Despite the criticism of Tesla for buying $ 1.5 Billion of Bitcoin, I think the main reason for the decline in Tesla's stock price is not because Tesla bought Bitcoin. Especially after Tesla bought Bitcoin in February, Bitcoin price continues to rise until now. Tesla investors should have known that Tesla's steps were not wrong. In my opinion, Tesla's stock price has decreased because from the start it was overvalued, we can see that in the past year, the increase in Tesla's stock price has increased significantly. So I don't agree that what Tesla did by buying Bitcoin had a negative effect on their stock price.
Agree, Bitcoin is not negative reasons that affect Tesla's stock value because the budget for investing in bitcoin is not small and a large company will inevitably require voting on such decisions, making the investment proves that shareholders accept and support, Covid had a significant influence on Tesla, and the decision to make money online was not wrong. Even now, this plan is still worthy as it may have reduced some of the pressure on stock prices to drop, plague, the change in president and economic war are probably the leading causes of stock devaluation The bitcoin investment just isn't a needle mover for Tesla due to how small it is compared to the overall market cap of the company. Bitcoin could triple and it would mean next to nothing for the company's overall value and it could go to 0 and have the same relative non-effect. It's not like Microstrategy, the marketcap of which is predominately bitcoin-related at this point.
|
|
|
|
wheelz1200
Legendary
Offline
Activity: 3612
Merit: 1406
|
|
March 21, 2021, 01:45:43 PM |
|
Despite the criticism of Tesla for buying $ 1.5 Billion of Bitcoin, I think the main reason for the decline in Tesla's stock price is not because Tesla bought Bitcoin. Especially after Tesla bought Bitcoin in February, Bitcoin price continues to rise until now. Tesla investors should have known that Tesla's steps were not wrong. In my opinion, Tesla's stock price has decreased because from the start it was overvalued, we can see that in the past year, the increase in Tesla's stock price has increased significantly. So I don't agree that what Tesla did by buying Bitcoin had a negative effect on their stock price.
Agreed I dont think they are tied together its just tesla was probably a bit overvalued there was going to be a correction eventually and just because their decline was just a coincidence probably
|
|
|
|
Spaffin
|
|
March 21, 2021, 04:50:57 PM |
|
Today there is a very positive trend in changing the priorities of many motorists. Very often, car enthusiasts buy electronic cars, which are much cheaper to maintain and maintain. It is Tesla that is the brand that sits in the middle between expensive and cheap cars.But the biggest problem with Tesla cars is the build quality. The fact that stock prices have been falling until today may be primarily the influence of competition in the market, but nevertheless it is worth mentioning the fact that after investing in bitcoin, the cryptocurrency rate has very much pulled ahead, but after a time of practically simultaneously Tesla shares and Bitcoin fell in price by several positions, and today Tesla shares and the Bitcoin rate are recovering in price almost simultaneously.
|
|
|
|
bryant.coleman
Legendary
Offline
Activity: 3654
Merit: 1217
|
|
March 21, 2021, 05:06:33 PM |
|
The bitcoin investment just isn't a needle mover for Tesla due to how small it is compared to the overall market cap of the company. Bitcoin could triple and it would mean next to nothing for the company's overall value and it could go to 0 and have the same relative non-effect. It's not like Microstrategy, the marketcap of which is predominately bitcoin-related at this point.
In a way, that argument is correct. The Bitcoin holdings (even at current exchange rates) represent less than 0.5% of the market cap of Tesla. Even if we take the volume of cash reserves, the $3 billion worth of coins only constitute a small fraction. Tesla is an EV manufacturer and unlike the case with Microstrategy, it's share price and market fundamentals will be decided by the performance of its EV business.
|
|
|
|
mazdafunsun
|
|
March 27, 2021, 05:19:34 PM |
|
No ,i dont buy this theory because Tesla stock was not the only one tanking at the time. All the tech sector stocks started to tank at the same day. Although this was huge news for crypto and BTC , the amount for Tesla's treasury was not that high to initiate some kind of negative response.
|
|
|
|
uneng
|
|
March 27, 2021, 05:31:23 PM |
|
With Tesla's bitcoin purchase I believe they incentivized investors around to also buy bitcoins. Naturally, potential Tesla's investors, those who are sympathetic to their ideas might have followed this incentive, putting their funds in bitcoin and letting the company's stocks aside a little bit. But this fall in stocks price is temporary. Tesla is a great innovative company and will recover soon.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
jaysabi
Legendary
Offline
Activity: 2044
Merit: 1115
★777Coin.com★ Fun BTC Casino!
|
|
March 28, 2021, 04:49:20 AM |
|
With Tesla's bitcoin purchase I believe they incentivized investors around to also buy bitcoins. Naturally, potential Tesla's investors, those who are sympathetic to their ideas might have followed this incentive, putting their funds in bitcoin and letting the company's stocks aside a little bit. But this fall in stocks price is temporary. Tesla is a great innovative company and will recover soon.
There's no guarantee an over-pried stock like Tesla will recover from the mania-induced highs. Tesla is worth more than Ford, Honda, BMW, GM, Daimler, Volkswagen, and Toyota combined and yet produced a tiny, tiny fraction of the cars. Tesla's revenues was about 30 billion last year while the revenue of the other 7 car makers was 1.1 trillion. There's absolutely no way Tesla is worth this price, or will ever grow into this valuation. It's still priced like it will be the only EV producer forever.
|
|
|
|
uneng
|
|
March 28, 2021, 05:44:05 PM |
|
With Tesla's bitcoin purchase I believe they incentivized investors around to also buy bitcoins. Naturally, potential Tesla's investors, those who are sympathetic to their ideas might have followed this incentive, putting their funds in bitcoin and letting the company's stocks aside a little bit. But this fall in stocks price is temporary. Tesla is a great innovative company and will recover soon.
There's no guarantee an over-pried stock like Tesla will recover from the mania-induced highs. Tesla is worth more than Ford, Honda, BMW, GM, Daimler, Volkswagen, and Toyota combined and yet produced a tiny, tiny fraction of the cars. Tesla's revenues was about 30 billion last year while the revenue of the other 7 car makers was 1.1 trillion. Yes, there is no guarantees, but it's a fact Tesla is growing and getting more important each new year very focused in the future, also working with sustainable sources of energy and space exploration, while another automotive companies look more stagnant. Furthermore Tesla isn't disponible in every corner of the world yet, what means they are still in expansion and didn't reach to its full potential yet, but it's really promising. I think investors wouldn't be fool to put so much money in Tesla if there wasn't a good reason for that. There's absolutely no way Tesla is worth this price, or will ever grow into this valuation. It's still priced like it will be the only EV producer forever.
And electric vehicles are just a part of their business.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
Sithara007
Legendary
Offline
Activity: 3192
Merit: 1344
Leading Crypto Sports Betting & Casino Platform
|
|
March 29, 2021, 04:05:19 AM |
|
There's no guarantee an over-pried stock like Tesla will recover from the mania-induced highs. Tesla is worth more than Ford, Honda, BMW, GM, Daimler, Volkswagen, and Toyota combined and yet produced a tiny, tiny fraction of the cars. Tesla's revenues was about 30 billion last year while the revenue of the other 7 car makers was 1.1 trillion. There's absolutely no way Tesla is worth this price, or will ever grow into this valuation. It's still priced like it will be the only EV producer forever.
As of now, Tesla is having a virtual monopoly in the mid-range and high-range EV sector and that explains the high valuation. There is no doubt that a P/E of more than 1,000 looks hyperinflated. Even during the dot com boom during the late 90s, most of the tech stocks had a P/E ratio of lower than this. But those who invest in Tesla believe that EV sector will replace gasoline-run vehicles in the near future. As per their expectations, Tesla revenues are going to jump by 10x-20x during the next 10 years (if I am not wrong, then they had ~80% growth in 2020).
|
|
|
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
AVATAR & PERSONAL TEXT Leading Crypto Sports Betting & Casino Platform Feel free to drop your doubts bellow Report to moderator ♠ ♥ ♣ ♦ ▬▬▬ ▬ Stake.com / Play Smarter ▬ ▬▬▬ ♠ ♥ ♣ ♦ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ L E A D I N G C R Y P T O C A S I N O & S P O R T S B E T T I N G Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here. Strongkored Legendary * Online Online Activity: 2072 Merit: 1061 View Profile Personal Message (Online) Trust: +0 / =0 / -0 Ignore Re: [OPEN]Stake.com NEW SIGNATURE CAMPAIGN l NEW PAYRATES l HERO & LEG ONLY May 31, 2022, 08:28:59 AM Reply with quote +Merit #2 Bitcointalk Username: strongkored Profile Link: https://bitcointalk.org/index.php?action=profile;u=640554Post Count: 5040 Forum Rank: Legendary Are you able to wear our Signature, Avatar & Personal Text? will wear upon receipt Stake
|
|
|
WatchMaker
Full Member
Offline
Activity: 518
Merit: 104
PUFFY FINANCE
|
|
March 29, 2021, 12:07:43 PM |
|
There's no guarantee an over-pried stock like Tesla will recover from the mania-induced highs. Tesla is worth more than Ford, Honda, BMW, GM, Daimler, Volkswagen, and Toyota combined and yet produced a tiny, tiny fraction of the cars. Tesla's revenues was about 30 billion last year while the revenue of the other 7 car makers was 1.1 trillion. There's absolutely no way Tesla is worth this price, or will ever grow into this valuation. It's still priced like it will be the only EV producer forever.
As of now, Tesla is having a virtual monopoly in the mid-range and high-range EV sector and that explains the high valuation. There is no doubt that a P/E of more than 1,000 looks hyperinflated. Even during the dot com boom during the late 90s, most of the tech stocks had a P/E ratio of lower than this. But those who invest in Tesla believe that EV sector will replace gasoline-run vehicles in the near future. As per their expectations, Tesla revenues are going to jump by 10x-20x during the next 10 years (if I am not wrong, then they had ~80% growth in 2020). No way. What was actually happening to Tesla stock was the normal market correction after the price pump. If you look at the Tesla stock price chart for the last 6 months you may notice a huge uptrend so why bother with the little downtrend? just because they invested in bitcoin? That's is a bad call. Even before Tesla invested in Bitcoin they have uptrends and downtrends, so what do you expect? you expect Tesla stocks to go up all the time just because they invested in bitcoin? Oh, come on, you need to think again. the stock market doesn't work like that.
|
|
|
|
Vishnu.Reang
|
|
March 29, 2021, 12:35:48 PM |
|
Yesterday, there was a tweet from John Pompliano (@JohnPompliano). It goes like this: If you bought a Tesla Model S in 2012, your $77,000 car would be worth approximately $40,000 today.
If you had invested that same $77,000 in Tesla stock, you would have over $7 million today.
Invest your money instead of buying material things. However, IMO he missed the most important factor. If someone had purchased Bitcoin worth $77,000 in 2012, then he/she would be having BTC worth $800 million right now. So which one is better? Investing in Tesla stock, or directly investing in Bitcoin? Statistics tells us that the latter option is better.
|
|
|
|
slapper
Legendary
Offline
Activity: 1918
Merit: 1096
Leading Crypto Sports Betting & Casino Platform
|
|
March 29, 2021, 01:15:05 PM |
|
That is how haters say when they both dislike bitcoin and Elon Musk. Nothing needs to deal with these people. Apparently, Tesla stocks need to have a correction since it has gone way too far this year and the previous year. It is understandable. Furthermore, the stock price does not affect the operation of the whole business. He is doing great work for both Tesla and SpaceX. Bezos once said that he does not care about the stock price because if stocks price increase by 30%, it does not mean that we are 30% smarter
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
bryant.coleman
Legendary
Offline
Activity: 3654
Merit: 1217
|
|
March 29, 2021, 01:59:20 PM |
|
That is how haters say when they both dislike bitcoin and Elon Musk. Nothing needs to deal with these people. Apparently, Tesla stocks need to have a correction since it has gone way too far this year and the previous year. It is understandable. Furthermore, the stock price does not affect the operation of the whole business. He is doing great work for both Tesla and SpaceX. Bezos once said that he does not care about the stock price because if stocks price increase by 30%, it does not mean that we are 30% smarter
I am not a hater of Tesla/Elon, but I have serious doubts regarding the viability of such crazy valuations. Tesla is now worth $578 trillion (as per the latest market cap from the NASDAQ exchange), but their annual revenue is only around 1/100th of this number. The P/E ratio is 939. Obviously I understand that P/E should be high for new innovations, but the ratio of almost a thousand? It makes me uncomfortable.
|
|
|
|
fullhdpixel
|
|
March 29, 2021, 04:58:05 PM |
|
There's no guarantee an over-pried stock like Tesla will recover from the mania-induced highs. Tesla is worth more than Ford, Honda, BMW, GM, Daimler, Volkswagen, and Toyota combined and yet produced a tiny, tiny fraction of the cars. Tesla's revenues was about 30 billion last year while the revenue of the other 7 car makers was 1.1 trillion. There's absolutely no way Tesla is worth this price, or will ever grow into this valuation. It's still priced like it will be the only EV producer forever.
As of now, Tesla is having a virtual monopoly in the mid-range and high-range EV sector and that explains the high valuation. There is no doubt that a P/E of more than 1,000 looks hyperinflated. Even during the dot com boom during the late 90s, most of the tech stocks had a P/E ratio of lower than this. But those who invest in Tesla believe that EV sector will replace gasoline-run vehicles in the near future. As per their expectations, Tesla revenues are going to jump by 10x-20x during the next 10 years (if I am not wrong, then they had ~80% growth in 2020). The fact that people buy from these prices today because they believe it will be even higher in the future shows how Tesla stock buyers are not great at investment methods but they do believe in the company's future, so it evens each other out. Normally Tesla stocks should not worth this much, it should worth less compared to what it is doing today, so today's price is not reflecting on today's finances for the company that's for sure. However people think that in the future it's going to worth even more than this, as long as electric vehicle line keeps going strong like this and they keep being sold out constantly that means the price of the stock will keep going up, and that is proven on the finances as well, it always grows bigger and bigger, so yes in the future it will be a lot higher but today it is overvalued so it's a very trick situation.
|
|
|
|
|