Quote:
Originally Posted by zamler
I think TSLA is under valued and we'll look back on the current price and think, wow that was so cheap. Or I could be a raving mad man and be totally wrong.
Haha, another one. October 25, if you had listened to them back then you would have sold and lost a whole bunch of money.
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Not that it matters, but if you had sold on the 25th you would have felt really bad when it went to $1233, but you'd be fine with where it is now, because it's essentially the same stock price.
I think the disconnect here is between what it is logically worth based on all real factors used to evaluate share prices, and what it is emotionally worth like Bitcoin. Tesla's stock price is clearly currently based on an emotional reality, not a fundamental one.
Could it go up 10x? Sure, people invest in tulips stocks all the time. There is no shortage of charts climbing at exponential levels, just to collapse back down to reality. There are far far fewer that rise like Tesla's has, and stay there.