Anonymous wrote: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.

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.

Well, you sit and wait til it comes down in order to buy it.
I would buy more if I worked, but I'm retiring soon because the stock. The price of a stock is what buyer are wiling to pay for it. Screw the valuation.
I started investing in March 2020. As Tesla was going up, I got rid of all the stocks I had just bought and jumped all in. Meme stock or not, it was going up and up and I had no reason to miss out on it. The idea is to make money, meme stock or not.
I also happened to buy AMC, Zoom, and Novavax. Got rid of them all. You got to be in the market to figure to make money. Not sit on sideline and calculate valuations. This is not 1990's.

It's a real stock, and there has been no undue influence on it.

However, I purposefully didn't buy too much, contrary to my stakes in other techs, like Apple and Amazon, because I don't trust Musk and I'm not such a fan of Tesla cars. I bought the concept and the vision for electric transport, not the problematic details and the psychologically unstable founder. All these visionary CEOs like Jobs, Besos and Ma have atypical and oftentimes unpleasant personalities, but Musk stands out as unpredictable, which in business is never a good thing.

There is virtually no valuation metric (including a full on discounted cash flow valuation with any semi-reasonable forecasting assumptions) that can value tesla more than like 5% of what it is currently trading at. It's not a meme stock but it definitely has attracted a lot of idiots to overpay for it

Tesla is nothing like AMC/GameStop. No one on Reddit is pushing it. They have a popular product, high sales, and investors seem to think they have a good pipeline of products.

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.