Quote:
Originally Posted by Nick M3
I'm confident that Tesla can survive. But there's no way that Tesla replaces the auto industry or justifies its stock value.
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This. I was less confident when their stock (pre-split) was $250ish and Elon was tweeting (illegally and falsely) about a $420 private offer. At this point, they have so much market value that they will always be a (major) player (not to mention their lead in batteries, US chargers and being EVl trend-setters). As to whether they are worth more than several larger companies put together, I'm going to go with a 'No' on that. But the market doesn't care; anything and everything must be bid up.
