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Tesla: Ten General Motors

ByTim Knight
Published 09/03/2020, 03:28 PM
Updated 07/09/2023, 06:31 AM

This is truly one for the Museum of Insane Reality. Indeed, I just read: “the carmaker became more valuable than 18 other automakers in the U.S., western Europe and Japan combined.”

The value of car companies by market cap.

I would say important support is around the$359 area.

Tesla Chart.

Latest comments

tesla makrs bubble cars
Short it then. I look forward to seeing you get your face ripped off ☠️
Tesla is not a car company. It is a tech company that makes very desirable cars. Companies that change the world have potential to skyrocket. This is one of several. Its been a great ride and a long term hold for me from waaaay back.
please let me know when it changes the world. then maybe I will buy another one
Tesla is a fairy tale that gives no profit.
Thanks for this article Tim, this is beyond insane.
the valuation is entirely reasonable! just think how much money tesla will make in 2047 when elon is president and no other electric cars exist for americans to buy!
Madness may continue, but this garbage is not worth even $10
Well, to be honest, I bought it late in march because I knew that there were plenty of people ready to buy at higher premium. But, honestly, I didn't know that this crazyness could go this far away, but, never underestimate the poewer of the sheeps.  Said that, I would buy it again below 80$, but it might take years to capitulate at such levels.
 I understand trading/speculating is different versus investing.  I would buy and sell all garbage for speculative profiting, including things like TESLA.  Would I buy this for investing: no, never!
Tip toeing through the tulips
Why not 100? X5 - it's 500 pre-split price. Why should Tesla cost more?
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