seems overvalued by at least 450 billion if not more

Because people are hopeful for its future

Because no one is clamoring for the Chevy Bolt.

every third car is a tesla in vancouver

Strong this.

do people have trouble recognizing their cars in parking lots?

cause its the new thing around the block

Ford is worth $250 billion... Publicly traded companies are valued at whatever the stockholders think they should be valued at. Tesla stock is wildly volatile because most of the stock is based on possible futures and not real value of actual assets.

I don't think I've ever noticed one in real life, but then again I don't care about cars.

It's a technology company.

TSLA is a meme stock. Don't try to make sense of it using any sort of fundamentals. It should be $150/share.

Flimsy poorly made cars for soyboys

It’s a scam company kind of like bitcoin + herbal life + Enron + power wheels

No respectable man would drive a Tesla. Musk is a master troll though love the dude

brb safest car you can possibly buy
brb most efficient as well
brb crazy performance
brb better than whatever you drive

The guy who calls Americans lazy and builds a giant factory in China, but also takes billions in US taxpayer money?

Safest? Lol the cars are death traps. Try putting out a fire in one and see what happens. Inefficient as well and unreliable

I drive a Ram 1500 hemi loaded up it ****s all over any tesla although I wish I had a diesel, next truck will be one

People are looking for the next Apple. Tsla fits a lot of that same shape. They aren't investing in Tesla anyway. They're investing in Musk.

It's pure speculation

This hes a huge ******* and con man

Thinks tesla is trash. Drives a Dodge Ram.
negged

this.

Robinhood
Creative accounting
Cheap credit
Short squeeze of peace and prosperity

Pick 4

I drive a ram 1500 also. Love it. But Tesla’s are sick bro, wait till you ride in one. Def my next purchase, Ram/Tesla master race

I've ridden in a few Teslas. I work in healthcare and a lot of physicians drive them. All I hear are complaints about motor problems and them having to go back into the shop. They are very poorly constructed cars and just feel very cheap

For soyboy from Seattle really, thats their target market

It’s speculation about what the future will look like. Could pay off big in 20 years but clearly not based on current revenue.

Elon Musketeer's net worth now 102 billion weheyy

Also how is Bezos worth 200 billion if he had to give half of his stocks away to the ex wife?

He outsources tech to the ccp in return for billions in investing in his stock. Probably gets lithium directly from them at a wholesale price as well to make cheap batteries

Huge in Vancouver, which is like 50% Chinese so there’s that too

It's a publicly traded stock, so it's value is whatever people are willing to pay for it-this is the free market. Now, as to WHY people are continuing to put money into it? That's a better question. But let me say this: Tesla may be the most well-known auto manufacturer in the world. Everyone knows the brand and the EV concept. This is true even though the company has never sold more than 500,000 cars a year and only just recently put together four profitable quarters. Can you imagine what their profits would be if they sold several million cars a year, like Toyota or Volkswagen? It would be astronomical. And Tesla's market share will only increase going forward.

There are also several other short-and-long term factors. "Battery Day" is September 22 and apparently Musk is set to debut some groundbreaking new tech there. Long investors are getting in expecting a boost after that day and shorts are also getting in ready to profit from a drop in price if the technology underwhelms. In the longer-term, inclusion into the S &P 500 (which seems like an inevitability at this point) will force fund managers everywhere to increase their holdings of Tesla to match the index and this will also drive up the share price. Also, you have to consider the autonomous play. If every taxi cab in NYC and LA was replaced by an self-driving Tesla, that is huge.

Isnt that most growth stocks?

Repped.

Ahhh yes the expert on Teslas sinces hes been to lunch a few times in them.
Who cares if they go back into the shop? They literally come out and give you a new car at your house then return the car when its done (thats what happens when you adopt forward tech)

Some will say they feel cheap. Others appreciate the minimalist cabin. What feels cheap to me are american cars with plastic dashboards and cloth headliners.

As a car guy, I appreciate all types and Tesla is one of them. I was going to buy a P100D this year but decided to forgo the purchase and buy the stock.....If all plays out right, the P100D will pay for itself 3x over LOL

This man gets it. Looking at both sides of the coin. Nothing is ever a sure thing. My bet was the fact that I am looking beyond the personal cars. The potential for the technology being currently developed to be licensed for many other applications. Im betting on the fact that there will be a major shift in our energy source towards the end of my life or mid life of my children. So I look at it as getting in early.

Harry is mad he didnt make any money on Telsa stock