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Reply to "TSLA - Why has this meme stock had staying power - scam/politics"
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[quote=Anonymous][quote=Anonymous]TSLA started really rising in Mar 2020, when we all shutdown and became hobby day traders. Its up 16x, and remains near its peak. AMC and GameStop have returned more normal. TSLA still remains really elevated and thus Musk is the richest man in the world. Today's action really bring home how Musk is a loose cannon to our democracy and economy, and I can't help but wonder if TSLA stock value is being elevated by some US antagonist? TSLA has 200x P/E ratio and is nowhere near on track to ramp up production to ever reach its valuation.[/quote] TSLA was a short play and Musk was motivated to bury those who shorted/doubted his company. GME far from "normal" as you state. It was 16 when it started to squeeze its 150 now. [/quote]
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