Nonsense. Of course they know the fundamentals.
I didn't say they don't know the fundamentals - they just don't care.
Musk is a junkie who makes irrational decisions all the time - there is no bigger Red Flag. And yet they don't downgrade the company until he's gone.
That's because they can keep the price where they want it.
So you agree Tesla is over priced?
All non-Chinese EV companies are. Chinese companies have such a huge advantage in labor costs, economy of scale and access to Lithium that no European or US company could compete in a Free Market.
the only chance other companies have is Protectionism.
Which is fine because it is happening, but Tesla is likely to find other markets difficult as a result. And Tesla is not the only EV maker in the US and it still has fundamental problems with its current line up and demand.
Tesla's share price is being propped up by the hype of its owner and increasingly hollow promises of extreme growth (for a car company).
Tesla has a very outdated product line.
Its Autopilot is, at best, a dud, at worst a constant source of litigation.
The cybertruck is a bad joke.
At this point, the Supercharger Network might be the best thing about the company, and Musk just fired the entire Team.
And then had to hire them back.
Who would invest in a company this bad?
Answer: people who know that Musk fanboys will literally buy anything with his name attached.
