LogFAQs > #970528717

RyukSan posted...

My post doesnt remotely claim this.

Tesla is massively overvalued and it's more egregious than the others in its valuation.

Pointing this out doesn't all of a sudden mean I'm backing other stocks that could be overvalued.

I'm talking directly about the meme stock Tesla that has bagholders trying to convince everyone its not that overvalued or that people should buy the dip.

So by "Those other companies also don't have a massively overvalued stock" you meant those other companies could also be massively overvalued, just not like Tesla, got it.

It's down 70% and you think it's still massively overvalued to an egregious degree. What is your reasoning for why it's still so overvalued?

The billions Tesla generates in this environment on 50% growth and a large moat doesn't seem egregiously overvalued at a dull 30 PE. In fact they don't have to maintain any of their current pace at this valuation. They just really need to give Elon the boot, he's been a major drag on the company for a couple years now.