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Tesla laying off over 10% as sales slump: Fresh start or setback?
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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".
Tesla will still be "massively overvalued" when it hit $1T
Tesla will still be "massively overvalued" when it hit $1T
Tesla will still be "massively overvalued" when it hit $1T
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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