The stock is down 30% since June, if you want more context, it’s lower now than it was January 2021. Meaning if you’ve been holding Tesla stock for 3 years, you are in the red. In a period where inflation as undermined the value further.
Seems to me that a warning that Tesla might not be a good stock to hold anymore is in order.
anivia@lemmy.ml 4 months ago
Ignoring that the market cap is higher than the combined market cap of all other car manufacturers, whilst producing not even half as many cars as VW alone, is also short sighted. The stock is vastly overrated and will correct itself one day. The question is just when that day is going to come