X says it is worth $19B, down from $44B last year

Re:X says it is worth $19B, down from $44B last year by sshine on Tuesday October 31, 2023 @01:34AM (#38080706)

I should have been more specific.

I’m not asking about his optimism, but why he should be imprisoned.

You didn’t mention anything criminal, so I’m going to assume FUD.

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Re:X says it is worth $19B, down from $44B last year by TheAlchemist on Tuesday October 31, 2023 @04:33AM (#38081719)

I did not say he should, I'm saying that I just think he will.

Well, all this optimism (and I omitted several other important misrepresentation of Tesla business, made by Musk) is looking like that - just too much optimism. Keep in mind, their current valuation is based solely on those promises (or shall I say misrepresentation of reality) - they're not making that much money, their margin are contracting quickly, and they are a rather small carmaker as compared to others.

However, I'm betting that fast forward 3 years, Tesla share price tanks 90% from now (that would still leave it bigger than Ford !!!) and Tesla won't deliver any meaningful progress on all those 'optimistic' predictions, people's feeling about this period will be much different.

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