Tesla isn't a car company folks, quit comparing them to ford and GM. Tesla is a technology company years ahead in battery technology, autonomous driving and AI. They are the GE of the 21st century, Trillion dollar valuation is not out of the question.
tokapeka
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It's gonna crash. Demand for Tesla cars will not continue as it did, + other manufacturers will capture market share. It's all stock speculation right now. And once investors will pull out their $$$ it will fall like crazy
specie5618
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@Aplesca, same thing was said about Amazon. They were just a books seller, right?
leo27th
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@specie5618, Exactly. I’m not listening to the short shorts this time
abe.burnett
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@specie5618, one big difference: Amazon has basically ALWAYS been profitable. Tesla? Not so much. When people start talking about Tesla stock like it's a new cryptocoin which is going to the mooooon then you know the bubble is about to pop. I guarantee there's literally ZERO chance that Tesla hits 10K by next year. It's priced as if it made gobs of money, and it simply doesn't. And won't for a long time, if ever.
Leppi_vafl
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@abe.burnett, Amazon started in 1997, they made a 1 penny profit in q4 2001 and has had several years of little or no profit. How is that "basically ALWAYS"?
hamlet61982
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...sooo ridiculous. It's 2000 all over again except these pip squeeks are too young to remember....
interestingTru12364
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While I can certainly see the similarities with the speculation and disregard for valuation, p/e, etc, a lot of these companies are good companies. Tesla included and it's much more than cars. While overvalued I don't see a huge market crash based on the overvaluation of some of these stocks.
Amazon, Apple, Netflix, Tesla, Facebook, Google, even Zoom and a lot of the smaller cloud players aren't the same as the dot com stocks that had done nothing and were never going to. This isn't Yahoo, pets.com, altaVista, geocities, kozmo, excite, lycos etc.
A Nikola stock and some of the cloud services are closer to those. I think these stocks only crumble if the entire market goes south. In 2000 the dot com bubble drug the rest of the market with it.
specie5618
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our you can compare to an Amazon chart, it took off and never came crash down again