Comment by blindriver 2 days ago
Tesla has lost a lot of their lustre this year. Sales plummeting is incontrovertible. Just based on that alone is devastating. But this robotaxi lack of success will not be treated the same anymore.
Tesla stock isn't based on whether they are a successful company, it's based on whether or not Musk is good at convincing people to put money into anything that's near him.
People who want to hold stock aren't the ones who set the price at which it trades. People who want to actively buy or sell it do.
Totally possible this time is different... but I'm more making the point that if I'd bet against Tesla each time it looked like they would tank, I'd be very broke.
At least historically, Tesla stock has shown a consistent ability to defy reality.
No pressure, but if you feel comfortable with it... would you share the specific contracts you bought? I'll be interested to see how it works out.
If the market was actually rational the stock would have tanked already. The small number of people who hold the most stock have every incentive to keep the price high.