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Is TSLA just a bubble?
While TSLA is a company with potential, there seems to be a lot of crazy hype around it, leading to insane valuations and price fluctuations. Just a simple tweet is able to rock the price!
Its a great company that can one day (maybe 8-10 years?) sell enough cars and progress on autonomous driving etc to become a very profitable trillion dollar company like Apple, Google, Amazon. After that point, growth will likely be much slower and they would plateau around 1+ trillion for a while.
But guess what? They are already priced for 1+ trillion!! So is the stock price going to remain stagnant from now till then? But likely with every deal signed, its only going to keep going up further and further. Isn't it the definition of meme stock and bubble?
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I will consider buying it only after elon has stepped down.. haha
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HC Tang
20 Nov 2021
Financial Enthusiast, Budgeting at The Society
Tesla strength is in Engineering and AI, these 2 areas if you go study about it , you will realize that nobody is able to catch-up or keep up.
So overpriced or bubble, to each his own , DYOR and you will find out more. Truth will speak for itself.
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The believers think it will hit 3000 next time, time will tell. Take care
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Robin
19 Nov 2021
Administrator at SG
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People have been crying about tesla's overvaluation and been calling it a bubble since the day it was listed. as time goes by and more of tesla's targets are hit, future valuations will continue to be baked into the price and it may or may not drive up the price even further.
companies like tesla are more narrative than valuation driven. so the question is do you believe that the products and services that tesla offer will become core to society moving forward (like the MANGA stocks)?