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Originally Posted by 4r54r5
No, that is a good question. I don't see how Wall street states that Tesla's P/E is way too high, yet its stock has rebounded. What are investors thinking - that Musk will run the world and Tesla's stock will skyrocket?
More like it will take off like a Space X rocket and blow up.
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Thank you.
In the immediate term, I do not see any prospect for Tesla increasing their sales. Cybertruck is a disaster and a total loss and even if they drop their prices on their other models, doubt they can sell any more cars since they have lost most if not all of their market in China, Australia and Europe. USA is all they have now due to embargo and most of their customer base who are liberals like me will not touch a Tesla anymore. Yet their stock price moves up! Wonder if some of Musk's and Trump's cronies are boosting it for appearances.