Musk Overpaid

[SC Maintenance]

From the article the argument is that they didn't fully inform shareholders. If that is the case, then it seems reasonable its cancelled. Musk only owns 21% of Tesla, so reasonably at minimum 29% of other shareholders should have needed to agree to this.

Having said that, sure, its 10% of market cap. Without musk - market cap goes down far more than 10%. So perhaps shareholders should vote on a new deal.

I actually hope he leaves. Whether warranted or not I would bet the stock gets cut in half.

 

[JeffKeryk]

The investor answer: they are correctly valued.

Hype is pervasive in our society, and on Wall Street.

A great many things are ridiculously overvalued.

You can certainly make that case. I would. The market value may or may not be an accurate valuation of a company.
But the fact is, Tesla's market cap dwarfs any other car company.

My guess is, with the refreshed 3/Y, the SEMI and the upcoming Model 2, Tesla will continue to dominate from a market cap perspective.
Competitors are pulling back from their lofty goals due to the losses they have realized; conversely Tesla continues to build state of the art factories.
The Cybertruck is anyone's guess; maybe a lifestyle vehicle at best? Their energy BU will continue to grow; the Tesla Bot offers promise especially in manufacturing operations. Other companies are already incorporating the Giga Press and retiring hundreds of piece parts, welding robots, etc.

A key reason I believe in Tesla's future is their customer satisfaction numbers; those numbers are the envy of the industry. This is real and is a strong indicator of future purchases.

My other guess is, TSLA will remain a volatile investment. I will stick with my relatively small amount.

 

[Pablo]

People hate Musk.

They didn't hate Musk until they seemed to figure out his political views.

I'm indifferent about the guy, but love flaming ecar threads as much as Musk hate threads.

 

[Astro14]

People hate Musk.

They didn't hate Musk until they seemed to figure out his political views.

I'm indifferent about the guy, but love flaming ecar threads as much as Musk hate threads.

So, on that note, perhaps we take a break.