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this post was submitted on 09 Aug 2024
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The problem is that Tesla is a meme stock. It's stupidly overpriced for a car company with such little production.
They could get rid of musk and try to turn it into a normal company with solid fundamentals but this would remove its meme status and crash the share price anyway.
There's no way to fix Tesla without burning it's stock price to the ground, so anyone involved is just going to try to ride the crazy train as long as possible.
Come on Elon, make the Cybertruck 2 and really fuck everything up.
Exactly. What I don't understand is how everyone knows this, but somehow the stock is still high. Somehow Elon is singlehandedly keeping the stock up while doing literally nothing to help the company, make it make sense.
No, it’s an AI company now bro. Trust me.