It’s not super controversial that Tesla is likely overvalued, but shareholders generally still have a reasonable expectation of upside on new shares purchased so they continue to buy. I’d hope most of the qualified shareholders understand those returns are coming from speculation rather than valuation.
“Silicon Valley” seems inaccurate, most Tesla employees are in Nevada, Texas and China.
Also you talked about “Elons companies”, not just Tesla. The only company I can think of that maybe hadn’t been delivering value to both customers and shareholders is SolarCity. It’s acquisition was super sketchy but it no longer exists in any case.
No, for a company that has reached the status of top 5 most valuable it isn't unreasonable to ask for concrete quality of life improvement for most people.
Moderna and BioNtech aren't even in the top500 and yet delivered quality of life on a global scale by de-facto ending the Covid pandemic
In fact Rolex, Ferrari, Fender etc. aren't valued at 680 billions. They are valued like status symbol companies . Again like Tiffany & CO.
As they should be, Musk convinced people that Tesla will deliver 'Standard Oil-esque type quality of life jump in the life of the avg. citizen.
Instead it's just a Ferrari made in Silicon Valley. When people will wake up it's gonna hurt many people who believed in this dream, which was more a mirage tbh.