The Tesla stock bubble has only been getting more and more ripe for pop lately. With the fed about to raise interest rates, the SEC cracking down on gamma squeeze scams like Archegos, and all things tech being down lately. How much longer can it go?
The fundamentals alone are still terrible. They are still selling the bogus full self driving to help drive their tiny profits. But what is alarming is that even that isn’t enough, they are also cutting back on R&D. Which means delays in future models.
Plus, customers are crying out all over the world about overloaded service centers. That means Tesla isn’t spending what they should on service costs, in order to keep up the illusion of “record profits”. Tesla saying that they had record profits is like Exxon Mobil saying that they are moving away from dependence on oil at a record pace.
If you have access to Fortune magazine, you should check out this reasoned analysis on why the Tesla stock price is all built on a house of cards. If I have any disagreement with this guy it’s only that he’s still on the high side. Valued like a true automaker, Tesla should be $20-$50 per share by my estimates.
Elon Musk’s ‘science fiction’: Top analyst calculates Tesla’s true worth is just $138 a share
The fundamentals alone are still terrible. They are still selling the bogus full self driving to help drive their tiny profits. But what is alarming is that even that isn’t enough, they are also cutting back on R&D. Which means delays in future models.
Plus, customers are crying out all over the world about overloaded service centers. That means Tesla isn’t spending what they should on service costs, in order to keep up the illusion of “record profits”. Tesla saying that they had record profits is like Exxon Mobil saying that they are moving away from dependence on oil at a record pace.
If you have access to Fortune magazine, you should check out this reasoned analysis on why the Tesla stock price is all built on a house of cards. If I have any disagreement with this guy it’s only that he’s still on the high side. Valued like a true automaker, Tesla should be $20-$50 per share by my estimates.
Elon Musk’s ‘science fiction’: Top analyst calculates Tesla’s true worth is just $138 a share
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