In fairness Tesla saw the huge bump when Trump won, thinking this would be good for Tesla with Musk running the show. The problem is, no one remembered what Musk running the show looked like because it seems like Twitter is the only example of him with full control. So the stock has basically retracted to pre-election value.
The fun part will be seeing how low it goes now. Because a lot of Tesla's value was their future potential, and if everyone realizes Musk is full of #### and makes stuff up, that future potential starts to look a lot more shaky. FSD that's been promised for almost a decade? Robotoxis? Your Tesla making you money as a robo-taxi? All Tesla's having all the hardware they need for full autonomy? Autonomous robots for $20k? Right, so if Musk is actually a blowhard full of #### that can't achieve what Tesla's future value is based on, people are gonna sell sell sell before it goes down to the value of an auto stock, around $25. And probably less than that given their absolute decimation of their left leaning customer base.
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