Re:Tesla's stock just hit a record $420
by bryanlarsen on Monday December 23, 2019 @01:41PM
(#21865948)
There has been lots of positive news in the past couple of months, and you'll see some listed in other replies, but IMO it's more due to the fact that the bear story has disintegrated.
Prognostications of Tesla’s doom have gone from concerning, to annoying, to boring, to pathetic[1]
Tesla has a successful ongoing business just selling Model 3's and Y's. The S could be destroyed by the Taycan, the Cybertruck could flop, the Semi could fail to take off, Autonomous driving could remain a slightly more intelligent cruise control, their solar tile business could fail and Tesla would still be OK. It wouldn't be worth $420 a share, but they wouldn't be bankrupt either.
Prognostications of Tesla’s doom have gone from concerning, to annoying, to boring, to pathetic[1]
Tesla has a successful ongoing business just selling Model 3's and Y's. The S could be destroyed by the Taycan, the Cybertruck could flop, the Semi could fail to take off, Autonomous driving could remain a slightly more intelligent cruise control, their solar tile business could fail and Tesla would still be OK. It wouldn't be worth $420 a share, but they wouldn't be bankrupt either.
1: https://cleantechnica.com/2019/12/21/prognostications-of-tes...