Re:Tesla races past $100B in market valuation
by kome on Wednesday January 22, 2020 @11:45AM
(#22119120)
> I for the life of me cannot figure out what could possibly justify this valuation for Tesla.
Tesla is innovative, and they deserve praise.
That said: finance is prone to bubbles and animal spirits. At one point investors will understand that old producers like FCA or Ford sell better, produce more and innovate in a prudent way. Tesla bubble will pop, and their valuation will get more realistic.
Tesla is innovative, and they deserve praise.
That said: finance is prone to bubbles and animal spirits. At one point investors will understand that old producers like FCA or Ford sell better, produce more and innovate in a prudent way. Tesla bubble will pop, and their valuation will get more realistic.