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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 think you understand how valuations work. Also it looks like you don't read your own comments? Maybe you're a bot?
The market behaves like it should over the long run. How do you think so many people are able to make soo much money. The thing is Tesla is a highly valued stock. Like most other stocks with high PE ratios they have the potential to make a lot of money in the future. So people are taking a calculated risk. Investors aren't basing their valuations off keyboard warriors in their mom's basement. Read the financials and see why people value it higher than Ford and gmc. It's in there. Do I personally agree no but others do. This same basic fact pattern applies to all companies.
Based your theory above you should never invest in the market as there is no rhyme or reason why anything happens? Let me guess you're one of those people who sits home all day blaming everyone else cause they have no job or money? You do you brooo