Tesla dealerships are getting protested and, in some cases, vandalized. Sales are down on 9 of the top 10 countries Tesla sells in. Yet Tesla stock is up. Twitter is a cesspool of nazi-themed bots, and somehow just pulled in $1bn and raised its valuation back up to $44bn.
How is any of this possible? It seems really artificial to me, but I don’t really understand business.
If I’m not mistaken it was in 2020-2021, when Tesla stock prices when going gangbusters, Musk was saying it was overvalued. Given constant Cybertruck updates/recalls, general Tesla safety concerns, Ford and Rivian apparently doing well in trucks, and Mercedes apparently having the best self driving, all happening since then, I’m not sure why it should be valued exceptionally high. They had a good name in EV cars, now they have scary stories.
And that’s not even getting into politics and dropping sales, so, I’m not surprised the stock is trending down