Quote:
Originally Posted by zamler
I think TSLA would have gone past $1500 already if the macro environment was not dragging everything down.
I'm not hopeful but I'll ask anyway, what do you think is a fair price for TSLA right now, and in 3 years.
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I honestly don't have a clue, there are plenty of risks for them. The macro environment is affecting competitors as well as Tesla. I think their is a built in over value of 20% or so of investors believing everything Elon says is coming/happening without evaluating rationally. But they do have an efficient manufacturing setup. Not having pesky unions really helps them as well. I just think when you compare their value to the rest of the automotive market, it's hard to say it isn't over-valued in some way.