Tesla will still be "massively overvalued" when it hit $1T
$Tesla(TSLA.US$ $BYD COMPANY(01211.HK$ $NIO Inc(NIO.US$ $XPeng(XPEV.US$ The article reported how the worst investors in the world said Tesla was a massively overvalued fraud that would go bankrupt without ever being profitable when it was valued at $30B.
They said the same at $60B. “Massively overvalued”. They said the same at $120B. “Massively overvalued”. They said the same at $240B. “Massively overvalued”. Now, at $480B, they’re bragging about how right they’ve been all along. When it passes $1T, I fully expect the same knuckleheads to warn us that it’s “massively overvalued”
My take: I think the writer is trying to comment on the worst analysts (and someone who always quote the worst analyst) who kept saying Tesla is "massively overvalued". I used Well Fargo and Morgan Stanley as examples, their success rate (and average return) are showed respectively Well Fargo: 47% (-6.00% return) versus Morgan Stanley: 50.40% (+5.40% return). I am not saying the analysts are wrong but their focus on the stock is different - long term or short term. Don't forget some analyst ratings and target prices change as fast as share price moves. I don't consider such reviews as "forecast" more like "speculation".
Source:
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $GEELY AUTO(00175.HK$ $Stellantis NV(STLA.US$
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sc koh : yeah yeah
SPACELIGHT : Like. how do you measure massive? You're obviously a brain surgeon.
ZnWCOP SPACELIGHT: Do your homework before you comment.
This Analyst Thinks Tesla Stock Is Massively Overvalued