Summary
A suspect vandalized and set fire to Teslas at a Las Vegas Collision Center early Tuesday in what police call a “targeted attack.”
The assailant, dressed in black, shot at five vehicles, torched two, and left an undetonated Molotov cocktail. They also spray-painted “Resist” on the building.
Authorities have not confirmed a political motive but noted Elon Musk’s ties to Trump. The FBI is investigating, warning that such acts are federal crimes.
Tesla has faced backlash amid Musk’s government role and far-right politics.
You understand that he only ownes 10 or 15% of Tesla. The majority of that is probably held by index funds and other peoples 401ks. So again normal people would loose a lot of money.
If Tesla went bankrupt it would literally be a drop in the bucket for Musk. Also what would he fear? He can pay for his own boat or literal island and security. Saying people should go after musk vs go after anyone who drives a Tesla is very different.
$TSLA is a huge, bloated bubble filled with nothing but hype. If they were treated by the market as just a regular old car company (like Ford [$F] or General Motors [$GM]), their market cap would be a tiny fraction of what it is currently. Their market cap at the closing bell today is $724 billion, with a stock price of $224 per share. Compare that to Ford (which has more than twice Tesla’s yearly global sales figures) with a market cap of $39.4 billion and a stock price of $10 / share. Or to GMC (which has sales figures about 60% higher than Tesla’s) at a market cap of $48.4 billion and a stock price of $49 / share.
If Tesla’s stock was valued based on their actual business instead of investor hype driven by mind-boggling adoration for their CEO, their market cap would probably be around $20 billion, which with their current number of outstanding shares, would put the price at around $6.20 per share.
Ok, so you might throw out the fact that Tesla also sells batteries and has their hands in AI and other things. Those are all very small parts of their overall yearly business, but the market is also based on future expectations. Let’s say that a fair price for their stock would be maybe $10 / share. $12 at the absolute most.
It’s at $224 per share today. In December of last year, it hit a high of $480.
$TSLA is the modern version of the Dutch tulip market in the 1630s. Its perceived value bears absolutely zero resemblance to its actual value. You’re worried about investors losing their shirts on this, but this shit has been vaporware from the beginning. Anybody who based their investment strategy around Tesla’s stock has been playing roulette. Am I supposed to feel bad about them losing because they bet on black instead of red?
That’s a lot and totally irrelevant. Who here is arguing Tesla isn’t over valued? Not me.
My point was that do you have a pension, 401k or some retirement funds? They you are partially invested in Tesla. Will you lose your shirt, no. Would Tesla going to 0 hurt you more then Musk, probably.
Also dude Tesla releases financial statements. You can read them to find out exactly how it’s valued. That’s the point of them! All public companies do. Stop copying pasting from random website its not helpful nor did it add anything. Also Dutch tulip theory is a horrible comparison… Like what…
I’m thinking you guys live in an echo chamber.
Well, first of all, I didn’t copy paste shit. Secondly, I think the Dutch tulip theory is a completely apt way to describe something whose price is so completely disproportionate to its actual value. Thirdly, I have been tracking this shit for years, now, and I know a little bit about what I’m talking about.
I understand that a lot of people have tesla in their portfolios, either directly or through index funds. That doesn’t change any tiny bit of the point that I was making, which is that the stock is 100% based on hype alone. Stocks based on hype are not reliable - just look at $GME. So whining about the stock going down because people are mad at Elon and torching a few cars is fucking dumb. The stock could go down because of a rumor, or because Elon says something stupid at a convention, or because of any number of things. It’s vapor.
Okay well your numbers are wrong based on the financial reporting. They do hold physical assets, land, machinery, buildings etc and that alone would value them higher than 12 bucks for starters.
Second, if you’re confident in your theory short the stock and report back in a year how that went. Then you can show youre correct irrefutably. Based on what you’re saying you will be rich.
Bro… do you think that Ford and GMC don’t own land, machinery, buildings, etc? That’s part of the fucking valuation.
And christ - the market is completely irrational. It valued a piece of shit like $TSLA at $480, for fuck’s sake. No telling what the fuck is going to happen in a year. Your supposition that the market will do what it’s “supposed” to do to poorly valued stocks indicates that you don’t have a whole lot of experience staring that particular beast in the mouth.
I don’t give a fuck how much he owns. The point is to hose all the fat fucks and to brand him as toxic. And to familiarize those assholes with urgent dread.
This does not accomplish any of that though