Re:Tesla conducting more layoffs, including entire Superchar...
by nostrademons on Tuesday April 30, 2024 @10:51AM
(#40211587)
TSLA down > 50% from the peak. The stock went up on earnings miss because things were not as bad as shareholders were expecting, but the shareholders are expecting things to be pretty bad.
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Re:Tesla conducting more layoffs, including entire Superchar...
by yowzadave on Tuesday April 30, 2024 @11:42AM
(#40212298)
But I think the point people have made (correctly!) is that TSLA's price is detached from any normal way we have for pricing a car company. Their market cap is 160% that of Toyota, despite selling 16% as many cars. How are they ever going to justify their current valuation? Kicking Elon out to get rational CEO behavior could result in a rational market assessment of Tesla's value, which would be bad from the shareholders' perspective!