Commerce Secretary Howard Lutnick urged Fox News viewers to buy Tesla stock, calling CEO Elon Musk "probably the best person to bet on" he had ever met.
It still has a P/E ratio well over a hundred, and was already facing a much more competitive market than it had experienced in getting to that point. It was never rising on actual value, just irrational Musk hype, and booting him might save it from complete destruction but isn’t going to rebuild the bubble.
Oh I would agree. I doubt we’ll see that kind of climb. I think those days are behind us for Tesla stock. But if they get rid of Elon I think we could see a solid slow steady climb.
Hopefully the new leader of that company focuses a little (read that as a LOT) more on quality control.
It still has a P/E ratio well over a hundred, and was already facing a much more competitive market than it had experienced in getting to that point. It was never rising on actual value, just irrational Musk hype, and booting him might save it from complete destruction but isn’t going to rebuild the bubble.
Oh I would agree. I doubt we’ll see that kind of climb. I think those days are behind us for Tesla stock. But if they get rid of Elon I think we could see a solid slow steady climb.
Hopefully the new leader of that company focuses a little (read that as a LOT) more on quality control.