You’re right, but what he really wants to sell is Tesla shares. The more the share price goes up, the richer he is, and Tesla’s share price is based entirely on the notion that its the ground floor of a world where autonomous vehicles are everywhere.
Market cap wise, Tesla is sitting at something like ten to twenty times any other car manufacturer, at a fraction of their sales. It’s the promise that a) they’ll crack self driving any day now, and b) self driving will be a thing that everyone wants that keeps the Tesla share price as ridiculously inflated as it is. If people get wise that there is no rabbit in the hat, his fortune collapses.
TSLA gives me ENE-vibes. I’m hoping for a spectacular repeat of Enron. At least Tesla has something of value, but it’s nowhere near a justification of the share price.
You’re right, but what he really wants to sell is Tesla shares. The more the share price goes up, the richer he is, and Tesla’s share price is based entirely on the notion that its the ground floor of a world where autonomous vehicles are everywhere.
Market cap wise, Tesla is sitting at something like ten to twenty times any other car manufacturer, at a fraction of their sales. It’s the promise that a) they’ll crack self driving any day now, and b) self driving will be a thing that everyone wants that keeps the Tesla share price as ridiculously inflated as it is. If people get wise that there is no rabbit in the hat, his fortune collapses.
TSLA gives me ENE-vibes. I’m hoping for a spectacular repeat of Enron. At least Tesla has something of value, but it’s nowhere near a justification of the share price.