this post was submitted on 23 Apr 2024
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And this, right here, is why Tesla's stock price is down 50% from its all time high.
The craziest thing is it was already overvalued, Elon got "forced" into selling at peak, and then tanked the company he bought with it too. Just unreal clown behavior.
It's still massively overvalued now. Just compare their market cap to any other major car manufacturer.