Every other news outlet is talking about the Tesla “crash” etc etc. But all I am seeing is that it got an insane boost from the election (basically doubled after Trump got elected) because everyone assumed being Trumps right hand man would do wonders for TSLA. Instead tsla cars got vandalized and so the market quickly realized the fairytale story for the car company probably wasn’t true.
The stock is still insanely overvalued. It is up 1000 percent over the last 5 years. But news outlets and reddit posts are all saying its “over” for elon. Really scratching my head here.
I get 50% is huge. But it literally had inflated 50% just as fast after November so this seems like a normal correction to what was pure emotional speculation