Enough Musk Spam

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For those that have had enough of the Elon Musk worship online.

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Prediction: TSLA will one day crash or be worth a lot less (lemm.ee)

submitted 6 days ago by WeUnite@lemm.ee to c/enoughmuskspam@lemmy.world

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Please understand this post is my personal opinion and is not financial advice. I don't have any investing experience so this could be wrong.

Today I was thinking about Tesla. Tesla's stock has for a long time had some kind of weird cult status among retail investors and the stock has been a lot higher than other car companies for reasons I don't understand.

It seems Musk has alienated everyone with Tesla's cars. People on the left are not going to want a Tesla because it funds Musk's far right extreme agenda. People on the right are not going to be all of a sudden in favor of electric cars and I know this from talking to Trump supporters in real life.

As long as Musk is running TSLA I don't see how Tesla will be sustainable if no one buys their cars anymore. I predict that as people get more frustrated with Musk the stock will start to go down.

In addition another risk to TSLA is starting to become known for poor quality and high prices. Basically you'll be stuck with an expensive car that most people won't be willing to repair for you.

Theoretically speaking if there was to be a large scale selling of TSLA and boycott of TSLA it would make Elon worth a lot less meaning he won't be able to influence as many elections.

Perhaps now would be a good time to sell the stock and urge your friends and maybe even hedge fund managers to do the same thing.

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[–] dustyData@lemmy.world 8 points 6 days ago

That's not a hard prediction to make. Tesla's valuation has always been about Musk's exaggerated promises about the future than the actual quality of the cars. It has also been about the capital investment on batteries and super factories. Most analysts agree with you that Tesla is overvalued and prompt for a correction. The issue is when and by how much the correction will be.