Did investors react badly to Tesla's earnings?
Shares of the automaker were down big a day after the company’s announcement.
Then again, David knows that an investment in Tesla is an investment in the company’s future, and that future still looks good. Elon Musk has stated that he thinks his company is currently overvalued, and David admits that some of the company’s multiples are a bit high, but he thinks the potential of the company to change the way we drive is undeniable, which is why it’s a good play for the long run.
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Musk doesn't need your approval to continue with his vision for the future.
I think conservatives don't like entrepreneurs like Musk who see a future in green energy....too bad, it's coming....now, if he was an oil man, they would probably say, "He built that".
tesla stock is inflated by Obama because tesla owner is financial supporter of Obama.Today price is including as if tesla sells 2 million car per year with 1.5 billion profit.in reality it sells less than 100k ev a year with no profits.Also tesla has privileges like $8000 tax deductions for wealthy buyers.and California Zero emission carbon credits that shouldn't because electricity in usa is produced 66% with coal and natural gas.Battery technology is still primitive that's why ev doesnt pick up.To compete with gas electric density charge in battery must increase 5x.when that happens big auto will start massive production of ev and tesla wont be able to compete because of scale economies of big auto and brand name.$20 is fair price for tesla considering growth.However the fire in battery can also happen to gasoline car in an accident
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